Organization

The New York City Housing Authority (NYCHA) mission is to provide quality housing for New Yorkers that is sustainable, inclusive, and safe, while fostering opportunities for economic mobility. NYCHA is the nation’s largest public housing authority, with an operating budget of $3.3 billion and approximately 10,600 employees who manage and maintain 326 developments that house over 400,000 residents. NYCHA also operates the country’s largest Section 8 program, which provides rental assistance to over 200,000 additional families.

NYCHA’s Asset & Capital Management (A&CM) Division integrates and aligns the Authority’s existing development, modernization, and asset management work being carried out by the Real Estate Development, Capital Projects, and Comprehensive Modernization departments. This includes a $4.5 billion capital program – one of the largest in NY State – as well as a historic real estate transaction portfolio. The A&CM Division delivers comprehensive repairs to NYCHA buildings and apartments through innovative financing models, strong partnership with residents and other stakeholders, strategic, data-driven portfolio planning, and cost-effective project delivery and management. The Division also positions NYCHA’s housing portfolio for the future by incorporating innovative building materials, construction methods, and technology, improving residents’ quality of life while enhancing building performance and management systems.

The New York City Housing Authority’s Real Estate Development Department (REDD) is charged with leading and structuring real estate transactions that will address over $15 billion in capital needs and overseeing the long-term stewardship of NYCHA property. REDD will utilize the following three tools to generate the necessary revenue:

1) Permanent Affordability Commitment Together (PACT) – PACT will use US Department of Housing and Urban Development (HUD) Section 8 programs to fund renovations and convert public housing (Section 9) apartments to permanently affordable housing. NYCHA plans to convert 62,000 apartments over 10 years, which will address $12.8 billion of capital needs.
2) Build to Preserve (BTP) – New mixed-income buildings will be constructed on some underutilized spaces across the NYCHA portfolio. NYCHA expects to address $2 billion in capital need across approximately 10,000 apartments.
3) Transfer to Preserve (TTP) – NYCHA will sell a portion of its estimated 80 million square feet of unused development rights ("air rights") to adjacent privately-owned sites. TTP will generate $1 billion for capital repairs at adjacent developments.

Under the general supervision of the Managing Director of Strategic Operations and the Vice President of Asset Management, the Project Manager will lead project management in connection with a portfolio of assets repositioned for the preservation and creation of public and affordable housing, respectively. The Project Manager will be responsible for projects associated with these programs as well as other departmental initiatives. In this role, the Project manager will produce the financial analysis of housing development projects on property owned by NYCHA, preservation projects to rehabilitate and preserve NYCHA-owned public housing, and other NYCHA Real Estate Development activities.

The Project Manager will work on a team with technical knowledge related to real estate development, public housing, architecture, planning, and urban design. The Project Manager will be responsible for implementing community-oriented asset management strategies crucial to achieving NYCHA Real Estate Development goals.

The key responsibilities for this position include, but are not limited to the following:

- Manage a portfolio of new construction, preservation, and development rights assets once repositioned outside the NYCHA public housing portfolio.
- Oversee portfolio performance through ongoing monitoring of operational, financial, management, regulatory compliance, and budgetary compliance for assigned assets.
- Join and participate in resident and community meetings and workshops.
- Create and deliver presentations to resident leaders, community stakeholders, elected officials, and NYCHA staff.
- Collaborate with City, State, and Federal agencies, as well as other NYCHA departments – including Capital Projects, Property Management, Leased Housing, Communications, Intergovernmental Affairs, Operations, and Strategic Planning – to plan and implement REDD’s initiatives.
- Work with the REDD project team and development partners to ensure community goals and strategies are appropriately implemented.
- Develop and maintain relationships with development partners, lenders, investor clients, third-party management agents, and other agencies to ensure that assigned assets continue to meet goals.
- Identify trends and potential performance problems and work through solutions to mitigate problems.
- Prepare and present asset performance to internal management and external stakeholders, and prepare periodic reports
- Work with internal and external legal counsel on interpretation and implementation of contracts and closing documents.
- Represent NYCHA in meetings with inter-agency representatives, development partners, lenders, and residents.
- Draft language for requests for proposals.
- Work closely with colleagues from NY City, NY State, and Federal agencies involved in developing affordable housing.

Please read this posting carefully to make certain you meet the minimum qualification requirements before applying to this position.

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.

1. Strong Financial Analysis skills. 2. Experience in affordable housing as an asset manager or financial underwriter. 3. Technical knowledge related to finance, real estate, public administration, and other related professional fields to ensure accurate interpretation of policies, legislation, regulations, and standards applied to problems involving land use, zoning, infrastructure, finance, and other planning issues. 4. Proven strength in the use of spreadsheets, database, and presentation applications, including Excel and PowerPoint. 5. Knowledge of New York City, New York State, and Federal affordable housing programs and the housing development process. 6. Strong interpersonal, written, verbal, and analytical skills. 7. Experience in Microsoft Office (Word, Excel, Access, Project, and PowerPoint).

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/

NYCHA has no residency requirements.

The City of New York 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.