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

Project Manager For Moderate Rehabilitation And Stabilization Loan Programs

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 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.

The Office of Development (OOD) leads the agency's effort to create and preserve affordable housing as a critical part of Housing Our Neighbors : A Blueprint for Housing and Homelessness 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.

The Division of Preservation Finance administers multiple financing programs including the Multifamily Housing Rehabilitation Loan Program (HRP), the Participation Loan Program (PLP), the Housing Preservation Opportunities Program (HPO), The Capital Partnership for Affordable Renovations Program (CPAR), the Lead Hazard Reduction and Healthy Homes HUD Multifamily Program (HUD MF), the Third Party Transfer Program (TPT), Multi-Family Preservation Loan Program (MPLP), Neighborhood Pillars Program ("Pillars") and the LIHTC Portfolio Preservation (Year 15) Program. These programs facilitate the financial and physical viability, as well as affordability of privately-owned multi-family and single-family buildings throughout New York City. The Division plays a key role in implementing the overall preservation strategy for HPD's Office of Development in support of the Mayor's Blueprint.

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.

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.

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 workouts 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

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 which is equivalent to "1" or "2" above. However, all candidates must have at least one year of experience as described in "1" above.

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

Salary Min : $ 62,868.00

Salary Max : $ 87,500.00