Senior Project Manager for Conversions and Completions, Federally Assisted Portfolio Preservation Programs for the Division of Preservation Finance

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 (OOD) leads the agencys 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. These divisions include New Construction Finance Special Needs Housing Building and Land Development Services (BLDS) Homeownership Opportunities and Preservation Preservation Finance Compliance and Enforcement and Housing Incentives.

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) MultiFamily Preservation Loan Program (MPLP) il 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 privatelyowned multifamily and singlefamily buildings throughout New York City. The Division plays a key role in implementing the overall preservation strategy for HPDs Office of Development in support of the Mayors Blueprint.

Your Impact:

The Senior Project Manager for Conversions and Completions will have responsibility for all aspects of project management related to monitoring the construction and conversion of a portfolio of capitally funded and tax exemption projects in the Year 15 HUD Multifamily and supportive housing preservation programs including overseeing construction completion and permanent loan closing target goals. This roles tasks will include monitoring key milestones and liaising with internal and external stakeholders including but not limited to: construction workouts and troubleshooting with HPD BLDS and DOB loan increase requests with HPD Budget and OMB rental subsidy leaseups with HPD Housing Access & Stability and NYCHA vacant unit rentals with HPD Marketing and HPD Homeless Placement Services rent restructuring with HPD Conversions & Portfolio Management and coop offering plan submission to the NYS Attorney General.
There will be significant contact with developers tenants and affordable housing lenders and an opportunity to work directly and indirectly on multiple projects. The Construction and Conversions Senior Project Manager will assist program leadership in monitoring construction progress and ensuring projects complete construction on time troubleshoot any issues during construction manage the permanent conversion intake process internally preform primary assessment of loan workouts and ultimately convert and transition to HPDs Office of Asset and Property Management according to the established business and legal terms of their assigned deals.
A Senior Project Manager will also have the opportunity to work managing a portfolio of predevelopment and other projects across multiple programs.

Your Role:

As Senior Project Manager you will work under the supervision of and report to the Executive Director Directors and Deputy Directors of Federally Assisted Portfolio Preservation Programs within HPDs Division of Preservation Finance. You will be responsible for managing tax exemption and capitally funded projects through closing in HUD Multifamily and Year 15 programs. The Senior Project Manager will also assist the Director in program administration for Federally Assisted programs and will provide guidance to Project Managers and Assistant Project Managers managing projects. This position supports work with supportive housing current and former LIHTC and HUDsubsidized buildings.

Your Responsibilities:

As Senior Project Manager you will perform duties including but not limited to the following:

Responsible for all aspects of project management related to monitoring the construction and conversion of a portfolio of Federally Assisted projects
Assist the Directors with the development and implementation of plans strategies and tools for effective program management
Act as a liaison with developers financial institutions not for profit organizations and governmental agencies to promote and create affordable housing and to move Federally Assisted preservation development projects forward
Engaging in programmatic policy discussions to provide recommendations to Director/Deputy Director; develop Division resource materials process improvements analyzing policy recommendations and facilitating implementation of new policies
Representing the Director and Deputy Director in meetings with internal and external partners; When directed by Deputy Director or Director communicate with interagency partners and external parties to facilitate program goals and policies
Assist in project management with program staff including facilitating approvals necessary for project completion
Track progress on an annual pipeline of preservation completion and conversion projects
Tracking monitoring and troubleshooting projects through construction and permanent conversion
Visiting construction sites and coordinating updates between internal and external stakeholders including the selected developer architect General Contractor private institutional lender interim property owner and Department of Buildings
Scheduling and attending tenant and community meetings to represent the agency explain the program and specific project details
Reviewing legal documents for accuracy in regards to program policy consistency with past precedent and negotiated deal terms;
Counseling designated developers in program policies regulations and assisting to resolve issues related to their projects.
Reviewing analyzing and commenting on underwriting and preservation proposals submitted by project sponsors and making recommendations to senior staff about feasibility and facilitating approvals necessary for closings including credit approval
Reviewing legal documents and coordinating loan closings with other HPD divisions and programs
Producing detailed reports memoranda presentations and written correspondence regarding projects programs new initiatives or other special projects as needed
Performing general project management duties for a range of capitally funded preservation transactions as needed including acquisitions construction loan closings troubleshooting projects in construction facilitating project closings project completion and loan conversions and preparing recommendations for workouts
Advanced financial modeling with an emphasis on affordability analysis real estate tax benefit analysis and cash flow projections
Reviewing and analyzing mortgage notes regulatory agreements and other related documents requiring understanding and applying of complex regulations
Assist in onboarding and training other project managers and other Division staff and more junior Project Managers including providing direct mentorship on projects; training Project Managers on systems and closing processes

Preferred Skills

Candidates must have strong financial analysis skills including financial modeling and financial statement analysis be detailedoriented selfmotivated and be able to manage multiple projects and meet deadlines. Candidates must also demonstrate strong verbal and written communication skills. Preference will be given to candidates with: a strong financial background (including underwriting experience) knowledge of housing development/lending and knowledge of HPD development programs specifically demonstrated analytical skills and ability to work effectively with others to obtain results promptly. Strong proficiency with Excel and Word is required.

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