Senior Project Manager, Multifamily Cooperative Preservation Team for the Division of Preservation Finance

About the Agency:

The Department of Housing Preservation and Development (HPD) oversees housing standards across all 3.7 million homes in New York City.

As the nation’s largest municipal housing agency, HPD is responsible for building and preserving affordable housing, protecting tenants from harassment and displacement, and holding landlords accountable across the five boroughs. Under Commissioner Dina Levy and the Mamdani Administration, HPD is pursuing an ambitious housing agenda focused on the needs of New York’s tenants. With a broad set of tools including standards enforcement, tenant resources, and the creation of new affordable housing, HPD is committed to making New York City a more affordable place for renters and homeowners alike.

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.

Your Impact:

The Division of Preservation Finance seeks a Senior Project Manager for the Multifamily Cooperative Preservation Team. 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 Directors of the Multifamily Cooperative Preservation Team 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 Directors 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 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 Directors 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

COMMUNITY COORDINATOR

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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.

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.