Project Manager, Division of Homeownership Opportunities and Preservation

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 administers and develops innovative programs related to community stabilization, revitalization, and economic opportunity. The division includes multiple programs that engage directly with homeowners and residents and works jointly with non-profit organizations to repair and stabilize homes and communities. Programs within the division also support and cultivate affordable homeownership, including single-family and HDFC cooperative ownership, facilitating financial security and asset building.

Your Impact:
The Division of Homeownership Opportunities and Preservation seeks a Project Manager for Small Homes Stabilization, working primarily on the HomeFix program. The Project Manager reports to the Deputy Director and Director of Small Homes Stabilization. The Small Homes Stabilization team provides access to affordable low- or no-interest and potentially forgivable loans for home repairs to eligible owners of one- to four-family homes in New York City in partnership with various nonprofit organizations. These programs are funded by city capital funds, City Council discretionary funds, private and other governmental sources.

Your Responsibilities:
The Project Manager will be responsible for all loan origination, underwriting and closing aspects of projects in the Small Homes Stabilization programs, including crafting loan commitments, managing the loan closing process, monitoring construction phases, and assisting with post-closing processes with HPD Asset Management. There will be significant contact with developers and affordable housing lenders. The Project Manager will assist the Deputy Director and Director in defining and negotiating the business and legal terms of their assigned deals, including managing procurement actions with partner vendors. With minimal supervision, the Project Manager is expected to prepare and maintain written correspondence, documents, reports, and files regarding all assigned projects.

The Homeownership Opportunities and Preservation team is seeking a self-starter who, working closely with the Director and Deputy Director, will be able to review, analyze, and shepherd homeownership and housing development deals. The ideal candidate will be someone who is comfortable performing analysis across various repair programs and has an overall interest in improving work processes with an eye towards preserving affordable homeownership. There may be an opportunity to assist with modeling and developing new financial structures as the Project Manager will assist senior staff with planning and implementation for HomeFix program expansions and process improvements.

Primary responsibilities will include, but not be limited to:
• Determining feasibility of proposed projects and proposed loan terms, including performing financial analysis;
• Managing the contracts with designated non-profit partners and reviewing all loan packages submitted by program partners for compliance with program and agency requirements;
• Modeling, preparing, reviewing, interpreting, and making recommendations related to development budgets, pro formas, and affordability analyses;
• Preparing project proposal materials and loan documents for senior staff review;
• Reviewing legal documents;
• Preparing and reviewing documents for requisitions, encumbrances, vouchering, and other fiscal processes;
• 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, commitment, pre-construction, and construction; Assisting with special projects and underwriting analysis, working across several units;
• Attending agency and community meetings to represent the team, explain the programs, and specific project details;
• Counseling designated developers in program policies, regulations, and assisting to resolve issues related to their projects.

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.