JOB DESCRIPTION

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.

HPD is entrusted with fulfilling these objectives through the goals and strategies of “Housing Our Neighbors: A Blueprint for Housing and Homelessness,” Mayor Adams’ comprehensive housing framework. To support this important work, the administration has committed $5 billion in new capital funding, bringing the 10-year planned investment in housing to $22 billion the largest in the city’s history. This investment, coupled with a commitment to reduce administrative and regulatory barriers, is a multi-pronged strategy to tackle New York City’s complex housing crisis, by addressing homelessness and housing instability, promoting economic stability and mobility, increasing homeownership opportunities, improving health and safety, and increasing opportunities for equitable growth.
Your Team:
The Office of Development leads the agency’s effort in implementing the Mayor’s Housing Plan. This is achieved in close collaboration with HPD colleagues and other City and state agencies.
The Division of Homeownership Opportunities and Preservation (HOP) within the Office of Development creates and preserves affordable homes to facilitate generational wealth-building, maintain housing quality, and address the legacy of discrimination, segregation, and concentrated poverty. We do so by providing financial assistance to low- and middle-income homeowners, limited equity cooperatives, and community land trusts. Programs within the Division include:
- The Affordable Neighborhood Cooperative Program (ANCP), which selects qualified developers to rehabilitate distressed city-owned occupied multi-family properties, managed by the Tenant Interim Lease Program, to create affordable cooperatives for low- and moderate-income households.

• The Open Door Program, which funds construction of cooperative and fee simple buildings to low, moderate- and middle-income families,

• Small Homes Rehab, which works with nonprofit developers to rehab existing public sites and privately owned 1-4 family homes to create affordable homeownership opportunities for low-income New Yorkers. Community Restoration Fund, which facilitate the acquisition of distressed mortgage notes from mortgage lenders and repositions these assets to preserve affordable homeownership and rental opportunities.

• The Plus One Accessory Dwelling Unit (ADU) program that finances ADU conversions in small homes,

• HomeFix and ProjectHelp programs provide access to affordable low- or no-interest and potentially forgivable loans and grants for home repairs as well as resiliency or energy efficiency improvements to eligible owners of one- to four-family homes in New York City in partnership with nonprofit organizations,

• The HomeFirst down payment assistance program, which provides financial assistance towards down payment and closing costs for first-time homebuyers,

• and special initiatives including Community Land Trusts, designed to ensure community stewardship of land and long-term housing affordability, and the Zombie Homes initiative, to facilitate repositing vacant and abandoned homes as affordable homeownership opportunities.

Your Impact
The Division is hiring a Project Manager within the Homeownership and Shared Equity team, which is responsible for overseeingprograms that create affordable homeownership and shared equity opportunities. Programs and efforts currently under the team’s purview include ANCP, Open Door, Small Homes Rehab, the Neighborhood Homes Program (NHP), and Community Land Trust Initiatives
The Project Manager will have responsibility for all aspects of project management for an assigned group of projects, including financial underwriting and project management through the loan commitment, loan closing, construction and conversion phases. There will be significant contact with developers, tenants and affordable housing lenders and an opportunity to work on multiple projects and assist in the creation of affordable homeownership. Project Manager must be available to attend periodic evening tenant and community meetings. The Project Manager will assist program leadership in defining and negotiating the business and legal terms of their assigned deals and with minimal supervision, the Project Manager is expected to prepare and maintain written correspondence, documents, reports, and files regarding all assigned projects.

Primary responsibilities will include, but are not limited to:

• Determining feasibility of proposed projects and proposed loan terms, including performing financial analysis;
• Modeling, preparing, reviewing, interpreting, and making recommendations related to development budgets, pro formas, and affordability analyses;
• Preparing credit committee and other project proposal materials for senior staff review;
• Acting as a liaison to selected developer, architect, General Contractor, private institutional lender and other project partners, other HPD divisions, and governmental agencies to resolve problems and move projects forward;
• Tracking, monitoring and troubleshooting projects through pre-construction, construction and permanent conversion;
• Reviewing legal documents for accuracy in regards to program policy and negotiated deal terms;
• Scheduling and attending tenant and community meetings to represent the agency, explain the program, and specific project details;
• Counseling designated developers in program policies, regulations, and assisting to resolve issues related to their projects.
• Other project related duties as required

Preferred Skills

• Knowledge of NYC government and housing issues;
• Experience with housing finance, real estate underwriting or financial feasibility analysis;
• Experience managing projects from start to finish;
• Illustrated ability to follow-through on tasks in a timely manner;
• Excellent analytical, quantitative, organization and research skills;
• Excellent interpersonal skills,
• Ability to work effectively in collaboration with others;
• Excellent written and verbal communication skills;
• Experience with presentations and public speaking;
• Facility with Microsoft Word, Excel and PowerPoint;

MINIMUM 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.

• Determining feasibility of proposed projects and proposed loan terms, including performing financial analysis;
• Modeling, preparing, reviewing, interpreting, and making recommendations related to development budgets, pro formas, and affordability analyses;
• Preparing credit committee and other project proposal materials for senior staff review;
• Acting as a liaison to selected developer, architect, General Contractor, private institutional lender and other project partners, other HPD divisions, and governmental agencies to resolve problems and move projects forward;
• Tracking, monitoring and troubleshooting projects through pre-construction, construction and permanent conversion;
• Reviewing legal documents for accuracy in regards to program policy and negotiated deal terms;
• Scheduling and attending tenant and community meetings to represent the agency, explain the program, and specific project details;
• Counseling designated developers in program policies, regulations, and assisting to resolve issues related to their projects.
• Other project related duties as require