Project Manager - Division of New Construction Finance NCF in the Office of Development
Project Manager - Division of New Construction Finance NCF in the Office of Development
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Job Description
About the Agency:
The New York City Department of Housing Preservation & Development (HPD) promotes quality and affordability in the citys housing and diversity and strength in the citys neighborhoods because every New Yorker deserves a safe affordable place to live in a neighborhood they love.
We maintain building and resident safety and health
We create opportunities for New Yorkers through housing affordability
We engage New Yorkers to build and sustain neighborhood strength and diversity.
HPD is entrusted with fulfilling these objectives through the goals and strategies of Housing Our Neighbors: A Blueprint for Housing and Homelessness Mayor Adams comprehensive housing framework. To support this important work the administration has committed $5 billion in new capital funding bringing the 10year planned investment in housing to $22 billion the largest in the citys history. This investment coupled with a commitment to reduce administrative and regulatory barriers is a multipronged strategy to tackle New York Citys complex housing crisis by addressing homelessness and housing instability promoting economic stability and mobility increasing homeownership opportunities improving health and safety and increasing opportunities for equitable growth.
Your Team:
The Office of Development (OOD) leads the agencys effort to create and preserve affordable housing as a critical part of Housing Our Neighbors: A Blueprint for Housing and Homelessness in collaboration with other HPD offices as well as other city state and federal agencies. The OOD is comprised of seven divisions that administer a range of programs. These divisions include New Construction Finance Special Needs Housing Building and Land Development Services (BLDS) Homeownership Opportunities and Preservation Preservation Finance Compliance and Enforcement and Housing Incentives.
HPDs Division of New Construction Finance (NCF) is part of the Office of Development which create or preserve affordable housing in New York City. NCF in collaboration with other government partners will create approximately 4000 units of new housing each year for extremely low to middle income households. NCF administers four loan programs: : 1) Extremely Low & LowIncome Affordability (ELLA) Program 2) the Mixed Income Program (MixandMatch) 3) Mixed & Midlle Income (M2) Program and the 4) Neighborhood Construction Program (NCP).
Your Impact:
The Division of New Construction Finance (NCF) seeks to hire one (1) Project Manager for its programs which includes NCP ELLA M2 and Mixed Income (MixandMatch) Programs. The Project Manager will manage complicated projects financed with tax exempt bonds Low Income Housing Tax Credits City subsidized loans conventional bank loans and other tools such as the disposition of City owned land and New Markets Tax Credits. Projects are often mixeduse with commercial and community facility components.
Your Role:
The Project Manager under general supervision of the Directors will manage a portfolio of projects from predevelopment through construction completion and conversion. The Project Manager will work with other divisions within HPDs Development Office to underwrite loans and manage projects through closing construction completions and conversions.
Your Responsibilities
Primary responsibilities will include but will not be limited to:
Reviewing and analyzing project proposals and budgets;
Performing financial analysis and underwriting;
Managing monitoring and tracking all aspects of projects from predevelopment through commitment loan closing and construction;
Defining and negotiating business terms to advance HPDs goals and policy objectives;
Serving as a liaison to external partners including forprofit and nonprofit developers banks tax credit syndicators and investors general contractors and other government agencies;
Reviewing and coordinating submissions of required CEQR NEPA and other environmental review reports;
Coordinating submissions of ULURP applications for UDAAP and disposition of Cityowned property;
Supporting the issuance of Requests for Proposals (RFPs) and/or Requests for Qualifications (RFQs) by performing financial modeling of anticipated affordability scenarios;
Performing financial feasibility review of RFP responses and make recommendations to senior staff;
Preparing maintaining and circulating written correspondences documents reports and files regarding all assigned projects;
Monitoring progress and performing troubleshooting duties for projects in construction;
Providing analysis and other services for projects pending conversion to permanent financing;
Assisting with rentup or other asset management issues.
Preferred skills bulleted
Excellent verbal and written communication and strong interpersonal skills strong analytical organizational and quantitative skills.
Advanced experience utilizing and developing complex Excel spreadsheets and presentation software is strongly preferred.
Demonstrated ability to meet deadlines and manage multiple projects in a timely manner and to be a team player.
Background in or knowledge of real estate finance and/or program implementation experience preferred.
Preference will be given to candidates with experience working for or with government agencies and government programs related to affordable housing development.
Candidates with Masters in Urban Planning Real Estate Finance Real Estate Development Business Administration Public Administration or related fields are strongly preferred.
Qualifications :
1. A baccalaureate degree from an accredited college and two years of experience in community work or community centered activities in an area related to the duties described above; or
2. High school graduation or equivalent and six years of experience in community work or community centered activities in an area related to the duties as described above; or
3. Education and/or experience which is equivalent to 1 or 2 above. However all candidates must have at least one year of experience as described in 1 above.
Additional Information :
The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic including but not limited to an individuals sex race color ethnicity national origin age religion disability sexual orientation veteran status gender identity or pregnancy.
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
