Senior Project Manager, Small Homes Stabilization

NYC Department of Housing Preservation & Development; New York (NY); On-site; USD 110,000 - 150,000; Full time

Job summary

The NYC Department of Housing Preservation and Development is seeking a Senior Project Manager for Small Homes Stabilization programs. You will manage loan origination, underwriting, and closing, working with Deputy Director and Director to support program delivery.

Responsibilities include reviewing loan packages, negotiating terms, and coordinating with developers, lenders, and internal HPD divisions to ensure timely funding and compliance.

Qualifications

• Bachelor’s degree and two years of relevant community work experience.
• High school diploma or equivalent and six years of related experience.
• Education and/or experience equivalent to the above.

Responsibilities

• Lead loan origination, underwriting, and closing for program loans.
• Review loan packages for program/compliance.
• Prepare budgets, pro formas, and affordability analyses.
• Draft and review legal documents.
• Coordinate with developers, lenders, HPD divisions, and program partners.
• Present project proposals to senior staff and stakeholders.

Skills

Analytical skills

Interpersonal/communication skills

Writing/editing skills

Multitasking/prioritization

Attention to detail

Education

Bachelor’s in Urban Planning or related field

Tools

Excel

Word

Technical databases

Job description

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.

Your Team

The Office of Development leads the agency's effort in the production of affordable housing. This is achieved in close collaboration with HPD colleagues, other City and state agencies, the New York City Housing Development Corporation (HDC), program partners and Community-Based Organizations.

The Division Of Homeownership Opportunities And Preservation (HOP) 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

• HomeFix 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 Plus One Ancillary Dwelling Unit (ADU) program that finance ADU conversions in small homes,
• 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 the new construction of cooperative and condominium buildings affordable to moderate and middle income households or the construction of new one to three family homes, depending on lot size,
• The Mortgage Assistance Program (MAP), which provides no-interest loans to low-income homeowners to resolve mortgage arrears and avoid foreclosure,
• The HomeFirst down payment assistance program, which provides financial assistance towards down payment and closing costs for first-time homebuyers,
• and special initiatives including Community Land Trusts, the Community Restoration Fund, and other projects designed to support long-term affordable homeownership opportunities through New York City.

Your Impact

The Division of Homeownership Opportunities and Preservation seeks a Senior Project Manager for Small Homes Stabilization programs. The Senior Project Manager will work closely with the Deputy Director and Director of Small Homes Stabilization Programs, and report to the Director of Small Homes Stabilization Programs to support all programs in the division The unit manages programs that provide home repair loans to private owners of 1- to 4-family homes, where the owner also resides in the home (e.g. HomeFix and Project HELP) and new programs aiming to create dwelling units or reinstate them back into productive use (e.g. Plus One ADU program). These programs are funded by city capital funds, City Council discretionary funds, private and other governmental sources.

Your Responsibilities

The Senior Project Manager will be responsible for all loan origination, financial underwriting and closing aspects of projects receiving loans, including crafting loan commitments, reviewing loan packages managing the loan closing process, monitoring construction phases, and assisting with the end-loan closing of completed homes. There will be significant contact with developers, affordable housing lenders, and program partners. The Senior Project Manager will assist the Director and Deputy Director in defining and negotiating the business and legal terms of their assigned deals. The Senior Project Manager will also be responsible for managing any procurement and fiscal actions with program vendors and internal staff to ensure timely transfer of program and project funds. This role will also be involved in developing solutions for prior loans in workout status and resolving issues on outstanding loans. Furthermore, the Senior Project Manager may be asked to evaluate existing programs, develop policy recommendations to improve existing processes or loan programs, and assist in training staff and manage each program’s pipeline.

Senior Project Manager duties will include, but not be limited to:

• Managing the contracts with designated non-profit partners and reviewing all loan packages submitted by the partner for compliance with program and agency requirements.
• Determining feasibility of proposed projects and proposed loan terms, including performing financial analyses;
• Modeling, preparing, reviewing, interpreting, and making recommendations related to development budgets, pro formas, and affordability analyses;
• Drafting and reviewing legal documents;
• Overseeing construction requisition processes;
• Reviewing and analyzing mortgage notes, regulatory agreements and other related documents requiring understanding and applying of complex regulations;
• Engaging in programmatic policy discussions;
• Preparing project proposal materials and loan documents for senior staff review;
• Acting as a liaison to developers, financial institutions and other project partners, other HPD divisions, and governmental agencies to resolve problems and ensure timely transfer of program funds;
• Preparing and delivering presentations for outside stakeholders, including other city agencies, elected officials, and members of the public;
• Tracking, monitoring and troubleshooting all aspects of projects through processing, commitment, pre-construction, and construction;
• Assisting with special projects and underwriting analysis, working across several units;
• Attending community meetings to represent the agency, explain the programs, and specific project details;
• Training, Mentoring and assisting with onboarding of new Project Managers and Assistant Program Managers;

Preferred Skills

• Demonstrated interest in community development, urban planning, affordable housing and real estate finance.
• Knowledge of housing development/lending as well as HPD development programs.
• Capacity to simultaneously work on multiple tasks and set priorities for a challenging workload.
• Strong analytical skills, attention to detail and a demonstrated ability to meet deadlines.
• Strong interpersonal/communication skills and ability to work effectively with others to obtain results promptly.
• Excellent writing and editing skills.
• Capacity to be a positive, self-starter who leads with a growth mindset
• Familiarity with technical databases, strongly preferred.
• Experience with financial analysis and underwriting strongly preferred.
• Strong facility with Excel and Word required.
• Bachelor’s in Urban Planning, Public Administration, Real Estate Finance, Business Administration or related fields are strongly preferred.
• At least 3 years of applicable experience working in a fast-paced and dynamic environment preferred.

Residency Requirement

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

COMMUNITY COORDINATOR - 56058

Minimum Qualifications

• A baccalaureate degree from an accredited college and two years of experience in community work or community centered activities in an area related to the duties described above; or
• High school graduation or equivalent and six years of experience in community work or community centered activities in an area related to the duties as described above; or
• Education and/or experience which is equivalent to "1" or "2" above. However, all candidates must have at least one year of experience as described in "1" above.

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

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

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.