New York City, NY - New York City, NY

posted 16 days ago

New York City, NY
Justice, Public Order, and Safety Activities

About the position

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. 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.

Responsibilities

  • Reviewing and analyzing project proposals and budgets
  • Performing financial analysis and underwriting
  • Managing, monitoring, and tracking all aspects of projects from predevelopment through commitment, loan closing, and construction
  • Defining and negotiating business terms to advance HPD's goals and policy objectives
  • Serving as a liaison to external partners, including for-profit and non-profit developers, banks, tax credit syndicators and investors, general contractors, and other government agencies
  • Reviewing and coordinating submissions of required CEQR, NEPA and other environmental review reports
  • Coordinating submissions of ULURP applications for UDAAP and disposition of City-owned property
  • Supporting the issuance of Requests for Proposals ('RFPs') and/or Requests for Qualifications ('RFQs') by performing financial modeling of anticipated affordability scenarios
  • Performing financial feasibility review of RFP responses and make recommendations to senior staff
  • Preparing, maintaining, and circulating written correspondences, documents, reports, and files regarding all assigned projects
  • Monitoring progress and performing troubleshooting duties for projects in construction
  • Providing analysis and other services for projects pending conversion to permanent financing
  • Assisting with rent-up or other asset management issues

Requirements

  • 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.

Nice-to-haves

  • Excellent verbal and written communication and strong interpersonal skills
  • Strong analytical, organizational, and quantitative skills
  • Advanced experience utilizing and developing complex Excel spreadsheets and presentation software
  • Demonstrated ability to meet deadlines and manage multiple projects in a timely manner and to be a team player
  • Background in or knowledge of real estate finance and/or program implementation experience
  • Preference will be given to candidates with experience working for or with government agencies and government programs related to affordable housing development
  • Candidates with Masters in Urban Planning, Real Estate Finance, Real Estate Development, Business Administration, Public Administration or related fields are strongly preferred

Benefits

  • Public Service Loan Forgiveness eligibility
  • New York City residency requirement within 90 days of appointment
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