Senior Project Manager

Nyc-Housing-Authority; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

The New York City Housing Authority’s Real Estate Development Department (REDD) seeks a Senior Strategic Initiative Specialist to lead complex transactions and finance analyses for PACT and related NYCHA projects. Reporting to the VP for Transactions, you will coordinate with developers, lenders, and NYC/State agencies to advance capital programs and new construction and preservation initiatives.

Responsibilities include underwriting loans, preparing funding applications, presenting to

Qualifications

• A bachelor’s degree and two years of satisfactory, full‑time experience related to the projects and policies to be studied in the position, or an equivalent.
• Experience related to NYCHA projects, policies, and housing finance.
• Strong knowledge of finance, real estate development processes, and public housing programs.

Responsibilities

• Administer multiple real estate transactions.
• Provide financial analysis and modeling for new construction and preservation projects.
• Review and evaluate due diligence materials for project financing, including ground leases, loan documents and appraisals.
• Identify, analyze, and recommend funding sources, policies, and procedures.
• Prepare planning documents and applications for funding sources.
• Underwrite mortgage or sponsor loans for new construction and preservation projects.
• Coordinate financial closings with developers, agencies, lenders, and underwriters.
• Represent NYCHA in meetings with inter‑agency representatives, partners, lenders, and residents.
• Draft requests for proposals.
• Work with NYC, NY State, and Federal agencies on affordable housing development.
• Present to residents and elected officials.

Skills

Finance knowledge

Real estate knowledge

Public administration knowledge

Interpersonal skills

Analytical skills

Communication skills

Education

Bachelor’s degree or equivalent with related experience

Tools

Excel

PowerPoint

Word

Access

Project

Job description

New York City Housing Authority’s Real Estate Development Department (REDD) is responsible for reinvesting in, restoring, and rebuilding publicly controlled affordable housing. REDD delivers on its mission by securing capital sources and operational expertise through innovative public-private partnerships that center resident voices. REDD’s work is critical to achieving NYCHA’s overall mission to provide quality housing for New Yorkers that is sustainable, inclusive, and safe, while fostering opportunities for economic mobility.

REDD oversees the implementation of the Permanent Affordability Commitment Together (PACT) program, which leverages the federal Project-Based Section 8 program to generate significant funding to modernize NYCHA communities, while preserving residents’ rights and enhancing their quality of life. In addition to the rehabilitation of existing buildings, REDD is also using its tools to rebuild public housing developments and create new housing opportunities for existing NYCHA residents in addition to mixed-income housing, community and commercial uses, public spaces, and other community assets. REDD’s PACT program has delivered nearly $10 billion to over 31,000 homes and will address a pipeline of $6.2 billion in capital needs for over 12,000 homes as of February 2026.

Reporting to the Vice President for Transactions, the Senior Project Manager will serve as the project lead and assist with the financial modeling and analysis of PACT projects and other NYCHA Real Estate Development activities, including potential new construction projects. This role will be expected to work with latitude for independent judgement and decision‑making capabilities under the direct supervision of the Vice President for Transactions. The Senior Project Manager will work on a team with technical knowledge related to real estate development, public housing, architecture, planning, and urban design.

Please read this posting carefully to make certain you meet the minimum qualification requirements before applying to this position.

STRATEGIC INITIATIVE SPECIALIS - 22243

The key responsibilities for this position include, but are not limited to the following:

• Administer multiple real estate transactions.
• Provide financial analysis and modeling for new construction and preservation projects.
• Review and evaluate due diligence materials as it relates to project financing, including ground leases, loan documents and appraisals.
• Identify, analyze, and make recommendations on potential funding sources, policies, and procedures.
• Prepare planning documents and applications for funding sources.
• Underwrite mortgage or sponsor loans for new construction and preservation projects.
• Assist NYCHA legal department in preparing contracts and closing documents.
• Coordinate financial closings with internal and external parties, including developers, City and State agencies, lenders, and bond underwriters.
• Represent NYCHA in meetings with inter‑agency representatives, development partners, lenders, and residents.
• Draft requests for proposals.
• Work closely with colleagues from NYC, NY State, and Federal agencies involved in the development of affordable housing.
• Make presentations to residents, elected officials and community members.
• In the temporary absence of supervisor, may assume the duties of that position.
• Perform other tasks related to housing development finance.

Additional Information

• 1. NYCHA employees applying for transfer, promotional, title or level change opportunities must have served a period of one year at current location and in current title and level (if applicable).
• 2. NYCHA residents are encouraged to apply.
• 3. NYCHA provides benefits that include a choice of medical coverage plans, deferred compensation plans and a defined pension benefit plan as a member of the New York City Employees’ Retirement System (NYCERS).

Minimum Qualifications

• 1. A baccalaureate degree from an accredited college and two years of satisfactory, full‑time experience related to the projects and policies to be studied in the particular position; or
• 2. A satisfactory equivalent of education and/or experience.

Preferred Skills

• 1. Technical knowledge related to finance, real estate, public administration, and other related professional fields to ensure accurate interpretation of policies, legislation, regulations and standards applied to problems involving land use, zoning, infrastructure, finance and other planning issues.
• 2. Proven strength in the use of spreadsheets, database and presentation applications, including Excel and PowerPoint.
• 3. Knowledge of New York City, New York State, and Federal affordable housing programs and the housing development process.
• 4. Strong interpersonal, written, verbal, and analytical skills.
• 5. Experience in Microsoft Office (Word, Excel, Access, Project and PowerPoint.

Public Service Loan Forgiveness

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.

Residency Requirement

NYCHA has no residency requirements.

Additional Information

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.