Project Manager, Division of New Construction Finance

Responsibilities

• Your Role:
• 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
• 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
• 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 cand

Benefits

Additional Information

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.

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