Senior Project Manager for Division of Construction Finance; NCF

About The Agency

The Department of Housing Preservation and Development (HPD) oversees housing standards across all 3.7 million homes in New York City.

The Department of Housing Preservation and Development (HPD) oversees housing standards across all 3.7 million homes in New York City.

As the nation’s largest municipal housing agency, HPD is responsible for building and preserving affordable housing, protecting tenants from harassment and displacement, and holding landlords accountable across the five boroughs. Under Commissioner Dina Levy and the Mamdani Administration, HPD is pursuing an ambitious housing agenda focused on the needs of New York’s tenants. With a broad set of tools including standards enforcement, tenant resources, and the creation of new affordable housing, HPD is committed to making New York City a more affordable place for renters and homeowners alike.

The Office of Development (OOD) leads the agency’s effort to create and preserve affordable housing 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), Home ownership Opportunities and Preservation, Preservation Finance, Compliance and Enforcement and Housing Incentives.

HPD’s Division of New Construction Finance (NCF) is part of the Office of Development which create affordable housing in New York City. NCF, in collaboration with other government partners, will create approximately 3,000 units of new housing each year for extremely low to middle income households.

HPD’s Division of New Construction Finance (NCF) is part of the Office of Development which create affordable housing in New York City.

The Division of New Construction Finance (NCF) seeks to hire one (1) Senior Project Manager for its programs, which includes Neighborhood Construction Program (NCP), ELLA, M2, and Mixed Income (Mix-and-Match) Programs. The Senior Project Manager will manage complicated projects financed with tax exempt bonds, Low Income Housing Tax Credits, City subsidized loans, conventional bank loans, and other tools such as the disposition of City owned land and New Markets Tax Credits.

Projects are often mixed-use with commercial and community facility components.

The Senior Project Manager, under general supervision of the Directors will manage a portfolio of projects from predevelopment through construction, completion, conversion and workouts. The Senior Project Manager will work with other divisions within HPD's Development Office to underwrite loans and manage projects through closing, construction, completions, conversions and workouts.

• Reviewing and analyzing project proposals and budgets;
• Performing financial analysis and underwriting;
• Managing, monitoring, and tracking all aspects of projects from predevelopment through commitment, loan closing, and construction;
• Defining and negotiating business terms to advance HPD's goals and policy objectives;
• Serving as a liaison to external partners, including for-profit and non-profit developers, banks, tax credit syndicators and investors, general contractors, and other government agencies;
• Reviewing and coordinating submissions of required CEQR, NEPA and other environmental review reports;
• Coordinating submissions of ULURP applications for UDAAP and disposition of City-owned property;
• Supporting the issuance of Requests for Proposals (“RFPs”) and/or Requests for Qualifications (“RFQs”) by performing financial modeling of anticipated affordability scenarios;
• Performing financial feasibility review of…