Assistant Project Manager, Federally Assisted Portfolio Preservation Programs for the Division of Preservation Finance
Assistant Project Manager, Federally Assisted Portfolio Preservation Programs for the Division of Preservation Finance
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
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 10-year 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 multi-pronged 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) Multi-Family 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 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 HPDs Office of Development in support of the Mayors Blueprint.
Your Impact:
The Division of Preservation Finance seeks an Assistant Project Manager for our Federally Assisted Portfolio Preservation Programs. The Federally Assisted Programs include Preservation Finances HUD Multifamily and Low Income Housing Tax Credit Preservation (Year 15) Programs. These two programs account for 19% of the annual MMR in Preservation and combined have closed an average of more than 3800 units per fiscal year for Housing New York 2.0. Both programs focus on portfolios of projects that have previously received federal assistance via LIHTC (4% and 9%s) and/or where a majority of the units are covered by a form of project-based rental assistance in the five boroughs.
Your Role:
In your role as Assistant Project Manager you will be responsible for managing 2-3 City Capital projects per year through loan closing including underwriting and completing due diligence. In addition you will be responsible for assisting program staff in intaking and assigning new capital projects conducting outreach and completing due diligence for upcoming loan closings.
Your Responsibilities:
As Assistant Project Manager you will perform duties including but not limited to the following:
-Manage a small caseload of projects per year through loan closing including underwriting completing due diligence requirements and conversion to permanent financing
-Manage 2-3 tax exemption only projects per year through exemption closing including underwriting and completing due diligence requirements
-Act as first point of contact to building owners seeking to learn more about the Federally Assisted Portfolio Preservation Programs including monitoring project application submissions responding to inquiries to the loan program and scheduling meetings with potential borrowers.
-Assist with the intake of projects applying to the Federally Assisted Portfolio Preservation Programs including reviewing applications and collecting missing application materials performing preliminary financial analysis and discussing the terms of HPDs loan programs with the prospective borrower.
-Track and coordinate the receipt of application information by maintaining and updating sophisticated intake tracker with borrower information.
-Assist with determining the appropriate loan program and Project Manager for the project.
-Coordinate intake and outreach efforts with teams across the agency including staffing outreach events and creating marketing and/or outreach materials.
-Produce detailed reports presentations and written correspondence regarding project inquiries and applications
-Attend meetings develop agendas and maintain minutes for various projects and internal and external meetings.
-Assist Project Managers and Senior Project Managers complete due diligence on their projects.
The ideal candidate will have experience in a collaborative environment possess strong organization and communication skills be detail-oriented and be proficient in Microsoft Office Suite.
Preferred Skills
-Interest in community development urban planning affordable housing or real estate finance.
-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.
-1-2 years of applicable experience working in a fast-paced and dynamic environment preferred.
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 :
Full-time
Employment Type
Full-time
