Homeownership Shared Equity Project Manager

About the Agency:

The New York City Department of Housing Preservation & Development (HPD) promotes quality and affordability in the citys housing and diversity and strength in the citys 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 10year planned investment in housing to $22 billion the largest in the citys history. This investment coupled with a commitment to reduce administrative and regulatory barriers is a multipronged strategy to tackle New York Citys 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 agencys effort in implementing the Mayors 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 wealthbuilding maintain housing quality and address the legacy of discrimination segregation and concentrated poverty. We do so by providing financial assistance to low and middleincome 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 cityowned occupied multifamily properties managed by the Tenant Interim Lease Program to create affordable cooperatives for low and moderateincome households.
The Open Door Program which funds construction of cooperative and fee simple buildings to low moderate and middleincome families
Small Homes Rehab which works with nonprofit developers to rehab existing public sites and privately owned 14 family homes to create affordable homeownership opportunities for lowincome 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 nointerest and potentially forgivable loans and grants for home repairs as well as resiliency or energy efficiency improvements to eligible owners of one to fourfamily 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 firsttime homebuyers
and special initiatives including Community Land Trusts designed to ensure community stewardship of land and longterm 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 overseeing programs that create affordable homeownership and shared equity opportunities. Programs and efforts currently under the teams 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 preconstruction 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 followthrough 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;

COMMUNITY COORDINATOR 56058

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.

Additional Information :

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 individuals sex race color ethnicity national origin age religion disability sexual orientation veteran status gender identity or pregnancy.

Remote Work :

No

Employment Type :

Fulltime