Project Manager @ NYC Careers - New York, NY

Job Overview

14 days ago

Project Manager

NYC Careers - New York, NY

Your Team

The Office of Development leads the agency's effort in implementing the Mayor's Housing Plan to create or preserve 300,000 units of affordable housing by 2026. This is achieved in close collaboration with HPD colleagues, other City and state agencies, and the New York City Housing Development Corporation (HDC).

The Division of Property Disposition & Finance administers and develops innovative programs related to community stabilization, revitalization, and economic opportunity. The division includes multiple programs that engage directly with residents and works jointly with non-profit organizations to repair and stabilize homes and communities. Programs within the division also support and cultivate affordable homeownership, including single-family and HDFC cooperative ownership, facilitating financial security and asset building.

Your Impact:

The Division of Property Disposition and Finance seeks a Project Manager for Homeownership Programs and Initiatives. The Project Manager reports to the Deputy Director and Director of Small Homes Stabilization. The Homeownership unit develops homeownership opportunities of 1- to 4-family homes for qualified New Yorkers (e.g. Small Homes Rehab NYCHA Program). The unit also has other programs that provide home repair loans to private owners of 1- to 4-family homes, where the owner also resides in the home (e.g. HomeFix, Project HELP, and the Basement Apartment Conversion Pilot Program). These programs are funded by city capital funds, City Council discretionary funds, private and other governmental sources.

The Homeownership unit seeks an analytical solutions oriented candidate that can assess situations and develop a path to resolution of issues or completions of projects. The ideal candidate would be able to develop persuasive data-driven arguments to back up strategies. There may be an opportunity to assist with modeling and developing new financial structures.

Your Responsibilities:

The Project Manager will be responsible for all loan origination, underwriting and closing aspects of projects in the homeownership loan programs, including crafting loan commitments, managing the loan closing process, monitoring construction phases, and assisting with the end-loan closing of completed homes. There will be significant contact with developers and affordable housing lenders. The Project Manager will assist the Deputy Director and Director in defining and negotiating the business and legal terms of their assigned deals. With minimal supervision, the Project Manager is expected to prepare and maintain written correspondence, documents, reports, and files regarding all assigned projects.

The Homeownership team is seeking a self-starter who, working closely with the Director and Deputy Director, will be able to review, analyze, and shepherd homeownership and housing development deals. The ideal candidate will be someone who is comfortable performing analysis across various repair programs and has an overall interest in improving work processes with an eye towards preserving affordable homeownership. There may be an opportunity to assist with modeling and developing new financial structures.

Primary responsibilities will include, but not be limited to:

  • Determining feasibility of proposed projects and proposed loan terms, including performing financial analysis;
  • Modeling, preparing, reviewing, interpreting, and making recommendations related to development budgets, pro formas, and affordability analyses;
  • Preparing project proposal materials and loan documents for senior staff review;
  • Acting as a liaison to developers, financial institutions and other project partners, other HPD divisions, and governmental agencies to resolve problems and move projects forward;
  • Tracking, monitoring and troubleshooting projects through processing, commitment, pre-construction, and construction; Assisting with special projects and underwriting analysis, working across several units;
  • Attending community meetings to represent the agency, explain the programs, and specific project details;
  • Counseling designated developers in program policies, regulations, and assisting to resolve issues related to their projects.
  • Assisting to manage the contracts with designated non-profit partners and reviewing all loan packages submitted by the partner for compliance with program and agency requirements.

Minimum Qual Requirements

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.

Preferred Skills

  • Interest in community development, urban planning, affordable housing and real estate finance.
  • Knowledge of housing development/lending as well as HPD development programs.
  • Capacity to simultaneously work on multiple tasks and set priorities for a challenging workload.
  • Strong analytical skills, attention to detail and demonstrated ability to meet deadlines.
  • Strong interpersonal/communication skills and ability to work effectively with others to obtain results promptly.
  • Excellent writing and editing skills.
  • Familiarity with technical databases, strongly preferred.
  • Experience with financial analysis and underwriting strongly preferred.
  • Strong facility with Excel and Word required.
  • Degree in Urban Planning, Public Administration, Real Estate Finance, Business Administration or related fields are strongly preferred.
  • At least 2 years of applicable experience working in a fast-paced and dynamic environment preferred.

To Apply

Apply Online

Work Location

100 Gold Street

Residency Requirement

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

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