City Of New York

Senior Project Manager for the Division of New Construction Finance (NCF)

City Of New York$110K — $130K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a relevant field and two years of community-focused experience or high school diploma and six years of similar experience.
  • Strong verbal and written communication skills.
  • Advanced proficiency in Excel and presentation software.
  • Analytical and organizational skills with attention to detail.
  • Knowledge of real estate finance or program implementation preferred.
  • Experience with government agencies in affordable housing development is a plus.

Responsibilities

  • Review and analyze project proposals and budgets.
  • Perform financial analysis and underwriting for projects.
  • Manage all project aspects from predevelopment to construction.
  • Negotiate business terms to align with HPD's goals.
  • Act as liaison to external partners including developers and government agencies.
  • Coordinate environmental review and land disposition submissions.
  • Prepare and circulate documents and reports for assigned projects.

Benefits

  • Opportunities for professional development within the affordable housing sector.
  • Collaborative work environment with government and private sector partners.
  • Engage in impactful projects that contribute to community development.
Full Job Description
Job Description

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) Senior Project Manager for its programs, which includes Neighborhood Construction Program (NCP), ELLA, M2, and Mixed Income (Mix-and-Match) 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:

The Senior Project Manager, under general supervision of the Directors will manage a portfolio of projects from predevelopment through construction, completion, conversion and workouts. The Senior 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.

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.

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

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