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New York City Housing Development Corporation · 17 hours ago

Project Manager, Development

New York, United States

Full-time

Onsite

Entry, Mid Level

$85K/yr - $105K/yr

2+ years exp

The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. The Project Manager is responsible for originating, underwriting, and closing mortgage loans to finance the new construction and preservation of affordable and public housing.

FinanceLendingProperty Development

Comp. & Benefits

Responsibilities

Underwrite mortgage loans (analyze loan proposals; review due diligence materials; prepare spreadsheets outlining each proposal; prepare credit memos; present loans to credit committee for approval)

Coordinate mortgage loan closings with internal and external parties, including developers, other City agencies, most notably NYC HPD and NYCHA, bankers, bond underwriters and tax credit syndicators

Manage relationships with current and prospective developers/borrowers

Prepare management reports and loan tracking information and update internal systems with deal information

Assist in evaluating and/or formulating affordable housing program and policy initiatives

Qualification

Real estate lendingMortgage loan modelingAffordable housing knowledgeFinancial conceptsInterpersonal skillsCommunication skillsOrganizational skillsAttention to detail

Required

Bachelor's degree with substantial course work/credits specific to finance, and/or real estate

Minimum of 2 years of relevant experience in real estate lending, and/or development (may be substituted with graduate degree in finance, real estate development, and economic development, or graduate degrees in city planning or public policy with a focus on finance)

Demonstrated interest in affordable housing

Proficiency in creating mortgage loan models and employing financial concepts

Strong interpersonal, verbal, and written communication skills

Ability to build relationships with staff, executives, and external partners

Strong organizational skills with excellent attention to detail