NYC Department of Housing Preservation & Development ยท 3 weeks ago
Senior Project Manager, Federally Assisted Portfolio Preservation Programs for the Division of Preservation Finance
New York, NY
Full-time
Onsite
Mid, Senior Level
$63K/yr - $88K/yr
2+ years expThe NYC Department of Housing Preservation & Development (HPD) is dedicated to promoting quality and affordability in housing across New York City. They are seeking a Senior Project Manager for Federally Assisted Portfolio Preservation Programs, responsible for managing the intake, assessment, and underwriting of projects applying for financing and tax benefits, while engaging 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 including creating pro formas in Excel
Reviewing legal documents 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 to provide recommendations to Executive Director/Director/Deputy Director
Acting as a liaison with developers, financial institutions, community groups, and other governmental agencies to preserve affordable housing
When directed by Executive Director, Director or Deputy Director, communicating with interagency partners and external parties to facilitate program goals and policies; representing the Director and Deputy Director in meetings with internal and external partners
Assisting in onboarding and training other project managers and other Division staff and more junior Project Managers including providing direct mentorship on projects related to closing processes
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
Strong financial analysis skills including financial modeling in Excel and financial statement analysis
Detail-oriented and self-motivated
Ability to manage multiple projects and meet competing deadlines
Strong verbal and written communication skills
Strong proficiency with Excel and Word
Preferred
Strong financial background (including underwriting experience)
Knowledge of housing development/lending
Knowledge of HPD development programs specifically
Familiarity with HUD programs, including but not limited to FHA financing programs and HAP contract administration
Demonstrated analytical skills
Ability to work effectively with others to obtain results promptly
Background 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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