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City of New York · 3 weeks ago

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

New York City, NY

Full-time

Onsite

Entry, Mid Level

$63K/yr - $78K/yr

2+ years exp

The City of New York's Department of Housing Preservation & Development (HPD) is dedicated to promoting affordable housing and neighborhood diversity. They are seeking a Project Manager to oversee capitally funded projects aimed at preserving affordable housing developments in the city, ensuring the effective management of financial transactions and project execution.

GovernmentLegalPublic Relations

Responsibilities

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 work-outs

Reviewing and analyzing mortgage notes, regulatory agreements and other related documents requiring understanding and applying of complex regulations

Advanced financial modeling with an emphasis on affordability analysis, real estate tax benefit analysis, and cash flow projections

Reviewing legal documents for accuracy in regard to program policy and negotiated deal terms and coordinating loan closings with other HPD divisions and programs

Ensuring timely completion of transactions

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

Producing detailed reports, memoranda, presentations, and written correspondence regarding projects, programs, new initiatives, or other special projects, as needed

Engaging in programmatic policy discussions

Acting as a liaison with developers, financial institutions, community groups, and other governmental agencies to preserve affordable housing

Qualification

Financial analysisFinancial modelingHousing development knowledgeExcel proficiencyReal estate financeProject managementWritten communicationVerbal communicationDetail-orientedSelf-motivated

Required

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