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.

HPD is entrusted with fulfilling these objectives through the goals and strategies of “Housing Our Neighbors: A Blueprint for Housing and Homelessness,” Mayor Adams’ comprehensive housing framework. To support this important work, the administration has committed $5 billion in new capital funding, bringing the 10-year planned investment in housing to $22 billion—the largest in the city’s history. This investment, coupled with a commitment to reduce administrative and regulatory barriers, is a multi-pronged strategy to tackle New York City’s complex housing crisis, by addressing homelessness and housing instability, promoting economic stability and mobility, increasing homeownership opportunities, improving health and safety, and increasing opportunities for equitable growth.

Your Team:

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, other City and state agencies, and the New York City Housing Development Corporation (HDC).

The Division of Homeownership Opportunities and Preservation 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, Project Help, and the Single-Family Resiliency programs that 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 Basement Apartment Conversion Pilot Program and the Plus One Accessory Dwelling Unit (ADU) program that finance ADU conversions in small homes;
• Small Homes Rehab, which works with nonprofit developers to rehab existing public sites and privately owned 1-4 family homes to create affordable homeownership 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 homeownership and rental opportunities;
• 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;
• special initiatives including Community Land Trusts, designed to ensure community stewardship of land and long-term housing affordability and the Zombie Homes initiative to develop an acquisition strategy for vacant and abandoned homes and reposition them as affordable homeownership opportunities;

Your Impact:

The Division is hiring a Senior Project Manager within the Homeownership and Shared Equity team, which is responsible for overseeing policies, planning, and capital financing associated with creating new affordable homeownership and shared equity opportunities. Programs and efforts currently under the team’s purview include ANCP, Small Homes Rehab, the Neighborhood Homes Program (NHP), and Community Land Trust Initiatives:

• ANCP provides funding to rehabilitate occupied City-owned buildings. After rehabilitation, the buildings become affordable cooperatives for low- and moderate -income households. For-profit or non-profit developers that HPD selects through a rolling Request for Qualifications are responsible for obtaining financing, temporarily relocating tenants, completing substantial rehabilitation of the properties, and converting them to resident-owned, limited-equity cooperatives. Following completion of rehabilitation, returning residents purchase their units at prices affordable to them, while any vacant units are sold to eligible households.
• Small Homes Rehab and NHP provides funding to renovate 1-4 family homes to be sold at affordable prices to low-moderate income homebuyers. Upon renovation completion, the properties may be sold directly to new homeowners, or may be conveyed to Community Land Trusts who will enter into 99-year ground leases with new homeowners to ensure that the homes remain affordable in perpetuity.
• Community Land Trust (CLT) Initiatives include the agency’s varied efforts to expand its use of the CLT model alongside its other affordable housing tools. The Homeownership and Shared Equity team is the hub for the agency’s ongoing policy analysis and community engagement efforts to incorporate the CLT model into existing programs, including the Small Homes Rehab and Open Door (new construction homeownership) programs. The team is also responsible for spearheading new initiatives in cooperation with CLT partners across the City.

Under the direction of the Executive Director and Director, the Senior 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. This portfolio may include some of the most complex or challenging projects under the team’s purview. 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 homeownership. The Senior Project Manager must be available to attend periodic evening tenant and community meetings. The Senior Project Manager will assist program leadership in defining and negotiating the business and legal terms of their assigned deals and with minimal supervision, the Senior Project Manager is expected to prepare and maintain written correspondence, documents, reports, and files regarding all assigned projects. The Senior Project Manager will assist with modeling and developing new financial structures.

Your Role:

Primary responsibilities will include, but not be limited to:

• Determining feasibility of proposed projects and proposed loan terms, including performing financial analysis;
• Modeling, preparing, reviewing, interpreting, and making recommendations related to development budgets, pro formas, and affordability analyses;
• Preparing credit committee and other project proposal materials for senior staff review;
• Reviewing and advising other team members on credit committee and other project proposal materials
• Acting as a liaison to developers, financial institutions and other project partners, other HPD divisions, and governmental agencies to resolve problems and move projects forward;
• Tracking, monitoring and troubleshooting projects through processing, loan commitment, pre-construction, and construction;
• Attending tenant and community meetings to represent the agency, explain the program, and specific project details;
• Counseling designated developers in program policies, regulations, and assisting to resolve issues related to their projects;
• As needed, the Senior Project Manager may collaborate with other HPD divisions, including the Office of Development Executive Office and other divisions within the Office of Development, Division of Strategic Planning, and Office of Asset and Property Management to identify, monitor and/or resolve project, program, and policy issues. These collaborations may involve preparing reports, memoranda, presentations, and written correspondence regarding projects, programs, new initiatives, or other special projects, as needed.

1. 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
2. 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
3. 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.

• Knowledge of NYC government and housing issues;
• Significant experience with housing finance, real estate underwriting and financial feasibility analysis;
• Project management experience;
• Strong follow-through and focus on timely results;
• Excellent analytical, quantitative, organization and research skills;
• Excellent interpersonal skills,
• Ability to work effectively in collaboration with others;
• Excellent written and verbal communication skills;
• Experience with presentations and public speaking;
• Facility with Microsoft Word, Excel and PowerPoint.

Apply Online

100 Gold Street New York, NY 10038

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.