Project Manager for Conversions and Completions, Moderate Rehabilitation and Stabilization Loan Programs for the Division of Preservation Finance

Job Description

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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.
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Your Team:

The Office of Development (OOD) leads the agency’s effort to create and preserve affordable housing as a critical part of Housing Our Neighbors: A Blueprint for Housing and Homelessness in collaboration with other HPD offices as well as other city, state and federal agencies. The OOD is comprised of seven divisions that administer a range of programs. These divisions include New Construction Finance, Special Needs Housing, Building and Land Development Services (BLDS), Homeownership Opportunities and Preservation, Preservation Finance, Compliance and Enforcement and Housing Incentives.

The Division of Preservation Finance administers multiple financing programs including the Multifamily Housing Rehabilitation Loan Program (HRP), the Participation Loan Program (PLP), the Housing Preservation Opportunities Program (HPO), The Capital Partnership for Affordable Renovations Program (CPAR), the Lead Hazard Reduction and Healthy Homes HUD Multifamily Program (HUD MF), the Third Party Transfer Program (TPT), Multi-Family Preservation Loan Program (MPLP) il, Neighborhood Pillars Program (“Pillars”) and the LIHTC Portfolio Preservation (Year 15) Program. These programs facilitate the financial and physical viability, as well as affordability of privately-owned multi-family and single-family buildings throughout New York City. The Division plays a key role in implementing the overall preservation strategy for HPD’s Office of Development in support of the Mayor’s Blueprint.

Your Impact:

The Project Manager for Conversions and Completions will have responsibility for all aspects of project management related to monitoring the construction and conversion of a portfolio of capitally funded projects, with an emphasis on HDFC cooperatives, including overseeing construction completion and permanent loan closing target goals. This role’s tasks will include liaising with internal and external stakeholders and monitoring co-op conversion targets including the submission of co-op offering plan to NYS Attorney General.
There will be significant contact with developers, tenants and affordable housing lenders and an opportunity to work directly and indirectly on multiple projects. The Construction and Conversions Project Manager will assist program leadership in monitoring construction progress and ensuring projects complete construction on time, troubleshoot any issues during construction, assist in management of the permanent loan and co-op conversion intake process internally, perform initial assessment of loan work outs and ultimately convert and transition to HPD’s Office of Asset and Property Management according to the established business and legal terms of their assigned deals.

Your Role:

As Project Manager, you will work under the supervision of and report to the Director and Deputy Directors of The Moderate Rehabilitation and Stabilization Programs Team within HPD’s Division of Preservation Finance. You will be responsible for managing capitally funded projects through closing in HUD Multifamily and Year 15 programs. The Project Manager will provide assistance to Project Managers and Assistant Project Managers managing projects. This position supports work with Mitchell-Lama and HDFC co-operative buildings.

Your Responsibilities:

As Project Manager, you will perform duties including, but not limited to the following:

- Responsible for project management related to monitoring the con