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

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. HPD maintains building and resident safety and health, creates opportunities for New Yorkers through housing affordability, and engages New Yorkers to build and sustain neighborhood strength and diversity.

About the 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, including:

• Multifamily Housing Rehabilitation Loan Program (HRP)
• Participation Loan Program (PLP)
• Third Party Transfer Program (TPT)
• Multi-Family Preservation Loan Program (MPLP)
• Neighborhood Pillars Program (Pillars)
• Housing Preservation Opportunities Program (HPO)
• The Capital Partnership for Affordable Renovations Program (CPAR)
• Lead Hazard Reduction and Healthy Homes Program (PPP)
• HUD Multifamily Program (HUD MF)
• LIHTC Portfolio Preservation (Year 15) Program

About the Role

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 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.

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 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. This includes developing resource materials and process improvements, analyzing policy recommendations, facilitating implementation of new policies, and training and mentoring project management staff. This position supports work with Mitchell-Lama and HDFC cooperative buildings.

Responsibilities

• 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.
• Assisting in onboarding and training other project managers and Division staff, including providing direct mentorship on projects.
• Developing Division resource materials, process improvements, analyzing policy recommendations, and facilitating implementation of new policies.
• Communicating with interagency partners and external parties to facilitate program goals and policies when directed by the Deputy Director or Director.
• Working on other special projects as needed.

Requirements

• Strong financial analysis skills, including financial modeling and financial statement analysis.
• Detailed-oriented, self-motivated, and able to independently manage multiple projects.
• Exceptional analytical, problem-solving, and negotiating skills.
• Experience in meeting competing deadlines.
• Strong verbal and written communication 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 the 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 (the NYC Department of Housing Preservation and Development does not provide sponsorship for international employees for visa applications, extensions, or status changes).

Qualifications

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 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 education and/or experience equivalent to the above. However, all candidates must have at least one year of experience as described in the first qualification.

Additional Information

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.

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, visit the U.S. Department of Education’s website.