Homeownership & Shared Equity Project Manager

About The Agency

The New York City Department of Housing Preservation & Development (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the city’s neighborhoods because every New Yorker deserves a safe, affordable place to live in a neighborhood they love.

• We maintain building and resident safety and health
• We create opportunities for New Yorkers through housing affordability
• We engage New Yorkers to build and sustain neighborhood strength and diversity.

The Office of Development leads the agency's effort in implementing the Mayor's Housing Plan. This is achieved in close collaboration with HPD colleagues and other City and state agencies.

The Division Of Home ownership Opportunities And Preservation (HOP) Within The Office Of Development Creates And Preserves Affordable Homes To Facilitate Generational Wealth-building, Maintain Housing Quality, And Address The Legacy Of Discrimination, Segregation, And Concentrated Poverty. We Do So By Providing Financial Assistance To Low
- And Middle-income Homeowners, Limited Equity Cooperatives, And Community Land Trusts. Programs Within The Division Include

• The Affordable Neighborhood Cooperative Program (ANCP), which selects qualified developers to rehabilitate distressed city-owned occupied multi‑family properties, managed by the Tenant Interim Lease Program, to create affordable cooperatives for low‑ and moderate‑income households.
• The Open Door Program, which funds construction of cooperative and fee‑simple buildings to low, moderate‑ and middle‑income families.
• Small Homes Rehab, which works with nonprofit developers to rehab existing public sites and privately owned 1‑4 family homes to create affordable home ownership opportunities for low‑income New Yorkers. Community Restoration Fund, which facilitate the acquisition of distressed mortgage notes from mortgage lenders and repositions these assets to preserve affordable home ownership and rental opportunities.
• The Plus One Accessory Dwelling Unit (ADU) program that finances ADU conversions in small homes.
• Home Fix and Project Help programs provide access to affordable low‑ or no‑interest and potentially forgivable loans and grants for home repairs as well as resiliency or energy efficiency improvements to eligible owners of one‑to‑four‑family homes in New York City in partnership with nonprofit organizations.
• The Home First down payment assistance program, which provides financial assistance towards down payment and closing costs for first‑time home buyers.
• and special initiatives including Community Land Trusts, designed to ensure community stewardship of land and long‑term housing affordability, and the Zombie Homes initiative, to facilitate repositing vacant and abandoned homes as affordable home ownership opportunities.

The Division is hiring a Project Manager within the Home ownership and Shared Equity team, which is responsible for overseeing programs that create affordable home ownership and shared equity opportunities. Programs and efforts currently under the team’s purview include ANCP, Open Door, Small Homes Rehab, the Neighborhood Homes Program (NHP), and Community Land Trust Initiatives.

The Project Manager will have responsibility for all aspects of project management for an assigned group of projects, including financial underwriting and project management through the loan commitment, loan closing, construction and conversion phases. There will be significant contact with developers, tenants and affordable housing lenders and an opportunity to work on multiple projects and assist in the creation of affordable home ownership.

Project Manager must be available to attend periodic evening tenant and community meetings. The Project Manager will assist program leadership in defining and negotiating the business and legal terms of their assigned deals and with minimal supervision. The Project Manager is expected to prepare and maintain written correspondence, documents, reports, and files regarding all assigned projects.

• Determining feasibility of proposed projects and proposed loan terms,…