Senior Project Manager, Moderate Rehabilitation and Stabilization Loan Programs for the Division of Preservation Finance

About the Agency:

The New York City Department of Housing Preservation 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.

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Your Team:


The Office of Development (OOD) leads the agency’s effort to create and preserve housing in collaboration with other HPD offices as well as other city, state and federal agencies.

The Office of Development is composed of eight divisions that administer a range of programs:

- New Construction Finance
- Special Needs Housing
- Building and Land Development Services (BLDS)
- Homeownership Opportunities and Preservation
- Preservation Finance
- Portfolio Management and Conversions
- Housing Incentives
- Compliance and Enforcement

The Division of Preservation Finance administers multiple financing programs to improve financial and physical conditions and preserve or create affordability within privately-owned multi-family and single-family buildings. The division oversees programs utilizing low-cost loans and property tax benefits among other public incentives including the Multifamily Housing Rehabilitation Loan Program (HRP), the Participation Loan Program (PLP), the Third Party Transfer Program (TPT), Multi-Family Preservation Loan Program (MPLP), Neighborhood Pillars Program (Pillars) the Housing Preservation Opportunities Program (HPO), The Capital Partnership for Affordable Renovations Program (CPAR), the Lead Hazard Reduction and Healthy Homes Program (PPP), HUD Multifamily Program (HUD MF), Supportive Housing Preservation (SPP), and the LIHTC Portfolio Preservation (Year 15) Program.

Your Impact:

The Division of Preservation Finance seeks a Project Manager for Moderate Rehabilitation and Stabilization Loan Programs. The unit develops plans, strategies, and tools for effective affordable housing preservation initiatives, as well as analyzes, negotiates, and executes on financial transactions to preserve the physical and operational integrity of existing affordable housing developments. The unit provides rehabilitation loans to multifamily affordable housing developments that cannot leverage private financing and only require financing for the replacement of major building systems to improve living conditions and preserve safe affordable housing for low- and moderate-income households in New York City.

Your Role:

As Senior Project Manager, you will work under the supervision of and report to the Director and Deputy Director of the Moderate Rehabilitation and Stabilization Loan Programs within HPD’s Division of Preservation Finance. You will work to close on capitally funded financial transactions under the Multifamily Housing Rehabilitation Program, particularly the more complex and challenging ones, as well as assist the Director and Deputy Director in program administration, including developing resource materials and process improvements, analyzing policy recommendations and facilitating implementation of new policies and in the training and mentoring project management staff. This position supports work with Mitchell-Lama and HDFC cooperative buildings.

The HRP program provides low-interest loans to privately-owned multifamily buildings to assist in the rehabilitation and energy performance of their buildings.

Your Responsibilities:

As Senior Project Manager, you will perform duties including, but not limited to the following:

- Managing intake, assessment, and underwriting of complex capitally funded projects including resolving complex work-outs and challenges.
- Ensuring timely completion of transactions
- Preparing statistical and tracking reports
- Assist in onboarding and training other project managers and other Division staff and more junior Project Managers including providing direct mentorship on projects.
- Develop Division resource materials, process improvements, analyzing policy recommendations and facilitating implementation of new policies.
- When directed by Deputy Director or Director, communicate with interagency partners and external parties to facilitate program goals and policies.
- Working on other special projects as needed

As the ideal candidate, you should have strong financial analysis skills, including financial modeling and financial statement analysis; be detailed-oriented; self-motivated; able to independently manage multiple projects; make policy recommendations; exhibit exceptional analytical, problem-solving and negotiating skills; and demonstrate experience in meeting competing deadlines. You should also demonstrate strong verbal and written communication skills.

Preferred skills

- Interest in community development, urban planning, affordable housing or real estate finance
- Knowledge of New York City affordable housing and private lending programs
- Interest and/or experience working with small building owners and/or low-capacity borrowers
- At least 1 year of underwriting experience
- Advanced computer skills including competency in full Microsoft Office suite, especially Excel
- Capacity to simultaneously work on multiple tasks and set priorities for a challenging workload
- Strong interpersonal and communication skills. Excellent writing and editing skills
- 2-3 years of applicable experience working in a fast-paced and often-changing environment

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