Assistant Project Manager, Development
Position Summary:
The Assistant Project Manager is responsible for providing support to the Development staff members in originating, underwriting, and closing mortgage loans to finance the new construction and preservation of affordable and public housing using funds raised through bond issuances and/or allocations of corporate reserves. This role reports to a Vice President in Development. The Assistant Project Manager may also work from time to time on public housing transactions, based on the pipeline priorities of the Division.
Area of Talent: Development/Affordable Housing
Position Type: Full Time/ Exempt
Salary Range: $75,000 to $85,000
Office Location: NYC / Financial District
Job Responsibilities:
- Collect and review due diligence material and maintain project checklists.
- Assist in underwriting mortgage loans (help analyze and prepare spreadsheets outlining loan proposals; collect and assist in reviewing due diligence materials; prepare credit memos and present loans to credit committee for approval, with support from other project managers).
- Assist in the coordination of mortgage loan closings with internal and external parties, including developers, other City agencies, bankers, bond underwriters and tax credit syndicators.
- Develop relationships with current and prospective developers/borrowers.
- Assist in gathering data for the preparation of management reports and loan tracking information.
Required Qualifications:
- Bachelor’s degree with substantial course work/credits specific to finance, real estate development and/or city planning.
- Demonstrated interest in affordable housing.
- Proficiency in excel and familiarity with financial budgets/spreadsheets; experience creating mortgage loan models a plus.
- Strong interpersonal, verbal, and written communication skills, and the ability to build relationships with staff, executives and external partners.
- Strong organizational skills with excellent attention to detail
Preferred Qualifications:
- Graduate degree in related field a plus but not required.
- Minimum of 1 year of relevant experience in real estate development, project management, real estate lending and/or affordable housing.
- Knowledge of Federal, New York State, and New York City affordable housing programs and the development process is a plus.
Submitted resumes must be accompanied by a cover letter. Please email your cover letter and resume to jobs@nychdc.com or fax to (212)227-6816.
All HDC hires must be vaccinated against the COVID-19 virus, unless they have been granted a reasonable accommodation for religion or disability.
If you are offered employment, this requirement must be met by your date of hire, unless a reasonable accommodation for exemption is received and approved by HDC.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits, including:
- Health Benefits at a reasonable cost
- Dental and Vision Benefits at no cost
- Retirement savings plan with a generous match and a pension plan
- Paid holiday, vacation, sick time and parental leave
- Professional development opportunities
- Public Service Loan Forgiveness for eligible employees
- Wellness reimbursement
- Back-up Caregiver Benefit
HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.
HDC is committed to the full inclusion of all qualified individuals. As part of this commitment, HDC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Human Resources by emailing jobs@NYCHDC.com.