The Office of Development leads the agency’s effort to implement the Housing New York 2.0 Plan. The Division of New Construction Finance (NCF), in collaboration with other government partners, is tasked with creating over 4,000 units of new housing each year for extremely low- to middle-income households.
This dynamic division finances the new construction of affordable housing through its loan programs for extremely low-income, low-income, middle-income, mixed-income affordable rental and homeownership housing. The NCF division is composed of seven (7) program within three (3) areas of housing finance:
- Multi-Family New Construction (MFNC)
o Extremely Low- & Low-Income Rental Program (ELLA)
o Mixed-Income Program (Mix-and-Match)
o Mixed Middle-Income Program (M2)
o Neighborhood Construction Program (NCP)
o New Infill Homeownership Opportunities Program (NIHOP)
o Open Door Program
o HomeFirst Down Payment Assistance Program
HPD’s Division of New Construction Finance seeks to hire a Senior Project Manager for its Multi-Family New Construction Programs (MFNC), which includes ELLA, Mix-and-Match, and M2 Programs. The Senior 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 as a Senior Project Manager, under general supervision of the Director of ELLA and Director of the Mixed Income Programs, will manage a portfolio of projects from predevelopment through construction, completion and conversion. The Senior Project Manager works with other divisions within HPD's Development Office to underwrite loans and manage projects through closing, construction, completions and conversions.
- Review and analyze project proposals and budgets
- Perform financial analysis and underwriting
- Manage, monitor, and track all aspects of projects from predevelopment through commitment, loan closing and construction
- Define and negotiate business terms to advance HPD's goals and policy objectives
- Serve 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.
- Support the issuance of Requests for Proposals (“RFPs”) and/or Requests for Qualifications (“RFQs”) by performing financial modeling of anticipated affordability scenarios.
- Perform financial feasibility review of RFP responses and make recommendations to senior staff.
- Prepare, maintain, and circulate written correspondences, documents, reports, and files regarding all assigned projects.
- Monitor progress and performing troubleshooting duties for projects in construction.
- Provide analysis and other services for projects pending conversion to permanent financing.
- Assist with rent-up or other asset management issues
Minimum Qual 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.
- 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.
If hired, this position requires that you apply to take the current civil service examination for Housing Development Specialist, Exam 0131 with a filing period starting October 2, 2019 through October 22, 2019.
Please visit the Department of Citywide Administrative Services (DCAS) website at www.nyc.gov/dcas to access the “Notice of Examination” for Housing Development Specialist, Exam 0131
100 Gold Street
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.