NYC Department of Housing Preservation & Development ยท 3 weeks ago
Project Manager, Moderate Rehabilitation and Stabilization Loan Programs for the Division of Preservation Finance
New York, NY
Full-time
Onsite
Entry, Mid Level
$63K/yr - $78K/yr
2+ years expThe NYC Department of Housing Preservation & Development (HPD) promotes quality and affordability in housing for New Yorkers. The Project Manager will manage capitally funded projects aimed at preserving affordable housing and engage with various stakeholders to ensure project success.
CommunitiesGovernmentProperty DevelopmentReal Estate
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
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
Preferred
Financial analysis skills including financial modeling and financial statement analysis
Detailed-oriented
Self-motivated
Ability to manage multiple projects and meet deadlines
Strong verbal and written communication skills
Knowledge of housing development/lending
Knowledge of HPD development programs specifically
Demonstrated analytical skills
Ability to work effectively with others to obtain results promptly
Strong proficiency with Excel and Word
Education or experience in Urban Planning, Real Estate Finance, Business Administration or related fields
Benefits
Public Service Loan Forgiveness
Company
NYC Department of Housing Preservation & Development
Established in 1978, the New York City Department of Housing Preservation and Development (HPD) is the largest city housing preservation and development agency in the nation.
1001-5000 employees
H1B Sponsorship
NYC Department of Housing Preservation & Development has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (4)
2024 (2)
2021 (1)
Funding
Current Stage
Late StageLeadership Team
Ahmed Tigani
First Deputy Commissioner and Chief Diversity Officer
Dave Seliger
Chief Digital Equity Officer
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