City of New York

Project Manager, Division of New Construction Finance

City of New York  •  New York City, NY (Onsite)  •  1 month ago
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Job Description

About the Agency:

The New York City Department of Housing Preservation and Development (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the city’s 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.

Your Team:

The Office of Development (OOD) leads the agency’s effort to create and preserve affordable housing 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.
HPD’s Division of New Construction Finance (NCF) is part of the Office of Development which create affordable housing in New York City. NCF, in collaboration with other government partners, will create approximately 3,000 units of new housing each year for extremely low to middle income households.
Your Impact:

The Division of New Construction Finance (NCF) seeks to hire one (1) Project Manager for its programs, which includes Neighborhood Construction Program (NCP), ELLA, M2, and Mixed Income (Mix-and-Match) 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 mixed-use 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, conversion and workouts. The Project Manager will work with other divisions within HPD's Development Office to underwrite loans and manage projects through closing, construction, completions, conversions and workouts.
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 HPD's goals and policy objectives;
- Serving as a liaison to external partners, including for-profit and non-profit 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 City-owned 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 rent-up or other asset management issues.

Minimum Qualification Requirements

1. A baccalaureate degree from an accredited college or university and two years of full-time, satisfactory professional experience in planning, analysis, coordination and/or development of housing projects or programs; or

2. Graduate study from an accredited college or university in the field of urban studies, city planning, real estate development, public administration, public policy, finance, community organization, architecture, or urban design, may be substituted for up to one year of the required experience on the basis of 30 credits for one year.
However, all candidates must have at least a baccalaureate degree and one year of the experience described in "1" above.

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.

This position is open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate in your resume that you would like to be considered for the position under the 55-a Program.

Authorization to work in the United States is required for this position. The NYC Department of Housing Preservation and Development does not provide sponsorship for international employees for visa applications, extensions, or status changes, including H-1B visas. Applicants are responsible for ensuring that they meet all qualifying requirements for this position at the time of application.

COMMUNITY COORDINATOR - 56058

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 individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

City of New York

About City of New York

The City of New York is the most iconic and dynamic city on the planet. With a population of more than 8.4 million people, New York is not only the largest city in the United States — it is the academic, cultural, commercial, and financial capital of the world.

City government is filled with opportunities for talented individuals seeking to improve their communities and make a meaningful difference in the lives of their fellow New Yorkers. Every day, the City’s more than 300,000 employees improve infrastructure, provide vital social services, build technology, protect health and safety, and so much more. Join us today at: http://www1.nyc.gov/jobs

The City of New York offers its employees:

• A chance to build the future of this city. New York City government is at the crossroads of where policy, great ideas, city services, and smart urban planning meet the lives and needs of every day New Yorkers.

• Competitive salary and benefits. Hiring packages include a competitive salary, health benefits, various pension plans, employee assistance programs, and individual retirement accounts.

• Diverse career opportunities. As the largest local government in the United States with more than 40 agencies, the City of New York offers a broad spectrum of opportunities — from education, housing development, and public health to sustainability, economic growth, technology, and emergency management.

• Career Satisfaction. As a City employee, you will have the chance to shape the future of New York City and improve the quality of life for your family, neighbors, and fellow New Yorkers.

• Equal Opportunity and Inclusion. The City of New York is an equal opportunity employer that prohibits discriminatory action against City employees and applicants for employment based on their actual or perceived race, color, national origin, ethnicity alienage, citizenship status, gender, religion, creed and all other protected categories.

Industry
Government & Public Safety
Company Size
5,001-10,000 employees
Headquarters
New York, New York
Year Founded
1898
Website
nyc.gov
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