Project Manager, Federally Assisted Portfolio Preservation Programs for the Division of Preserv[...]

Community Coordinator - 56058 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. Your Team The Office of Development (OOD) leads the agency’s effort to create and preserve housing in collaboration with other HPD offices as well as other city, state and federal agencies. New Construction Finance Special Needs Housing Building and Land Development Services (BLDS) Homeownership Opportunities and Preservation Preservation Finance Portfolio Management and Conversions Housing Incentives Compliance and Enforcement Your Impact The Division of Preservation Finance seeks a Project Manager for our Federally Assisted Portfolio Preservation Programs. The Federally Assisted Programs include Preservation Finance’s HUD Multifamily and Low‑Income Housing Tax Credit Preservation (Year 15) Programs. These two programs account for 19% of the annual MMR in Preservation and have closed an average of more than 3,800 units per fiscal year for Housing New York 2.0. Both programs focus on portfolios of projects that have previously received federal assistance via LIHTC and/or where a majority of the units are covered by a form of project‑based rental assistance in the five boroughs. Your Role As Project Manager, you will work closely with, and report to, the Director and Deputy Directors of the Federally Assisted Portfolio Preservation Programs. You will be responsible for managing the intake, assessment, and underwriting of capitally funded projects applying for financing and/or tax benefits, as well as managing projects through closing. You will have direct and frequent interaction with HUD, NYC Housing Development Corporation, developers and sponsors, lenders, and numerous internal and external stakeholders to bring the project from its initial phase to the closing of either a loan or tax exemption. You will further assist in monitoring construction progress through completion and converting the loan from construction to permanent debt. Your Responsibilities Perform general project management duties for a range of capitally funded preservation transactions, including acquisitions, construction loan closings, troubleshooting projects in construction, facilitating project closings, project completion and loan conversions, and preparing recommendations for work‑outs. Review and analyze mortgage notes, regulatory agreements and other related documents requiring understanding and application of regulations. Perform financial modeling with an emphasis on affordability analysis, real estate tax benefit analysis, and cash‑flow projections, including creating pro forma sheets in Excel. Review legal documents and coordinate loan closings with other HPD divisions and programs. Ensure timely completion of transactions. Review, analyze, and comment on underwriting and preservation proposals submitted by project sponsors and make recommendations to senior staff about feasibility and facilitating approvals necessary for closings, including credit approval. Produce detailed reports, memoranda, presentations, and written correspondence regarding projects, programs, new initiatives, or other special projects. Engage in programmatic policy discussions to provide recommendations to Director/Deputy Director. Act as a liaison with developers, financial institutions, community groups, and other governmental agencies to preserve affordable housing, demonstrating a proven track record facilitating diverse groups of stakeholders and strong communication skills. Preferred Skills Strong financial analysis skills, including financial modeling in Excel and financial statement analysis, are required. Candidates should be detail‑oriented, self‑motivated, able to manage multiple projects and meet competing deadlines, and possess strong verbal and written communication skills. Preference will be given to candidates with: A strong financial background, including underwriting experience. Knowledge of affordable housing development/lending and of HPD development programs. Demonstrated analytical skills and ability to work effectively with others to obtain results promptly. Proficiency with Excel and Word. Authorization to Work Authorization to work in the United States is required for this position. The NYC Department of Housing Preservation and Development does not provide sponsorship for international employees for visa applications, extensions, or status changes, including H‑1B visas. Applicants are responsible for ensuring that they meet all qualifying requirements for this position at the time of application. The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity or pregnancy. #J-18808-Ljbffr New-York-City-Department-of-Housing-Preservation-