Salary: $49,897.00/$57,381.00-$72,061.
Business Title: Project Manager, Green Preservation Program
Work Location: 100 Gold Street
Division/Work Unit: Preservation Programs
Number of Positions: 1
Job ID: 219605
Job Description
The Division of Preservation Finance seeks a Project Manager for the Green
Housing Preservation Program. The Division of Preservation Finance
administers multiple loan programs including the Multifamily Housing
Rehabilitation Program, the Participation Loan Program program, the HUD
Multifamily Loan Program and the LIHTC Portfolio Preservation (Year 15)
Program. These programs facilitate the affordability, as well as financial
and physical viability of privately-owned multifamily buildings throughout
New York City. This position reports to the Executive Director for Green
Preservation Initiatives within HPD s Division of Preservation Finance.
The Green Housing Preservation Program is a new financing program created
in response to the Mayoral initiative to create an energy and water
utility cost-reduction program to maintain affordability in the small to
mid-sized multifamily building stock, as described in Housing New York,
One City: Built to Last, and OneNYC: The Plan for a Strong and Just City.
The Green Housing Preservation Program provides small-to mid-sized
residential buidings owners with low- or no-interest loans to finance
energy and water improvement projects, as well as low-interest loans for
additional capital needs to ensure physical and financial health for
affordability. Green Physical Needs Assessments conducted by pre-qualified
firms will identify opportunities to improve energy efficiency and water
consumption, as well as many other immediate capital needs. The program
provides subordinate financing in conjunction with lending partners or
first mortgage financing as sole lender and leverages incentive sources to
the maximum extenent possible. The Project Manager will be responsible for
managing the intake, assessment, and underwriting of projects receiving
Green Housing Preservation Program loans, including project management
through construction loan closings. He or she will also assist with
monitoring construction progress through completion and may support the
development of green initatives. Primary responsibilities will include but
will not be limited to: Managing program outreach to and communicating
directly with potential borrowers about program requirements, including
facilitating of application submission and coorindation with outreach
initiatives led by the Mayor's Office of Sustainability; Performing
substantive reviews of development budgets, pro formas and affordability
analysis and conducting detailed underwriting; Analyzing possible energy
efficiency and other financing sources for specific projects;
Collaborating with HPD divisions, interagency partners and program
stakeholders, including the NYC Housing Development Corporation, the
Mayor's Office of Sustainability, other local, state, or federal agencies,
utilities and others as appropriate; Ensuring timely completion of
transactions by coordinating loan closings with other HPD divisions and
programs as well external development partners and facilitating all
necessary approvals and procedures related to loan closings; Coordinating
with agency construction monitoring staff and technical assistance
providers during assessment, scope development and construction, and if
necessary, determining course of action to resolve project issues and/or
to propose alternate solutions; facilitating project completion and
preparing recommendations for work-outs prior to permanent loan
conversion; Preparing statistical and tracking reports and working on
other special projects as needed; In conjunction with the Green
Preservation program team, refine and implement tools for effective
program management as needed; Conducting process review, budget analysis,
policy analysis, research and other special projects as needed;
Minimum Qualification Requirements
1. A baccalaureate degree from an accredited college or university and two
years of satisfactory full-time experience in city planning; or 2. A
satisfactory combination of education and/or experience that is equivalent
to 1"" above. Graduate education in city planning, urban planning, urban
design, architecture, landscape architecture, transportation engineering,
public administration, economic development or related fields may be
substituted for experience on the basis of 30 graduate semester credits
from an accredited college for one year of experience. However, all
candidates must have a baccalaureate degree. Special Qualification
Requirements Assignment Level III To be eligible for placement in
Assignment Level III, individuals must have, after meeting the minimum
requirements, one additional year of professional experience as described
in "2" above. Assignment Level IV To be eligible for placement in
Assignment Level IV, individuals must have, after meeting the minimum
requirements, two additional years of professional experience as described
in "2" above.
Preferred Skills
Candidates must have strong financial analysis skills including financial
modeling and financial statement analysis; be detailed-oriented, self
motivated, and able to manage multiple projects and meet deadlines.
Candidates must also demonstrate strong verbal and written communication
skills. Preference will be given to candidates with: a strong financial
background (including underwriting experience), strong project management
background, knowledge of housing development/lending, HPD development
programs and energy efficiency incentives specifically, demonstrated
analytical skills, and ability to work effectively with others to obtain
results promptly. Strong facility with Excel and Word required. Candidates
with Masters in Urban Planning, Real Estate Finance, Business
Administration or related fields are strongly preferred.
Additional Information
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.