New York City Housing Authority’s Real Estate Development Department (REDD) is responsible for reinvesting in, restoring, and rebuilding publicly controlled affordable housing. REDD delivers on its mission by securing capital sources and operational expertise through innovative public-private partnerships that center resident voices. REDD’s work is critical to achieving NYCHA’s overall mission to provide quality housing for New Yorkers that is sustainable, inclusive, and safe, while fostering opportunities for economic mobility.

REDD oversees the implementation of the Permanent Affordability Commitment Together (PACT) program, which leverages the federal Project-Based Section 8 program to generate significant funding to modernize NYCHA communities, while preserving residents’ rights and enhancing their quality of life. In addition to the rehabilitation of existing buildings, REDD is also using PACT to undertake the complete rebuilding of public housing developments and create new mixed-income housing, community and commercial uses, public spaces, and other community assets. REDD’s PACT program has delivered $5.8 billion to over 20,000 homes and will address an additional $8 billion in capital needs for over 17,000 homes by 2025.

In addition to the PACT program, other development opportunities supported by REDD have included the transfer of development rights and the creation of thousands of affordable apartments, public and charter schools, and supportive housing.

REDD is seeking a Transactions Project Manager to join our team. Under the direction of the Vice President for Transactions, the Project Manager is responsible for overseeing and managing the transactional aspects of the PACT real estate development projects, from initial concept to construction closing. The Project Manager will collaborate closely with internal stakeholders, external partners, and various city agencies to ensure the successful execution of development initiatives.

Key responsibilities:

1. Project Management and Planning:
- Oversee and manage multiple PACT transactions, ensuring alignment with project objectives and timelines.
- Coordinate financial closings with internal and external parties, including developers, City and State agencies, lenders, and bond underwriters.
- Represent NYCHA in meetings with inter-agency representatives, PACT development partners, lenders, and residents to facilitate effective communication and collaboration.
2. Coordination and Monitoring:
- Ensure compliance with regulatory requirements and assess potential risks associated with the transaction.
- Review and evaluate due diligence materials related to project financing, including ground leases, loan documents, appraisals, and other relevant documents
3. Preparation of Documents required for Closing:
- Collaborate with NYCHA's legal department and outside counsel to prepare contract and closing documents required for PACT fundings.
- Participate in negotiations with stakeholders to secure favorable terms and conditions for NYCHA in PACT transactions.
- Ensure timely completion of closing documentation and facilitate the closing process to finalize transactions successfully.
4. Program Review and Policy Analyses:
- Prepare evaluation reports, perform analyses and review program plans and performance to inform decision-making processes related to PACT transactions, including demographic trends,
housing market analysis, and financial projections.
- Evaluate existing policies and regulations to identify opportunities for streamlining processes and enhancing efficiency in PACT transactions.
- Provide insights and recommendations based on data analysis to support strategic planning and policy development within NYCHA's Real Estate Development Department.

Additional Information
1. Employees applying for promotional, title or level change opportunities must have served a period of one year at current location and in NYCHA current title and level (if applicable).
2. NYCHA residents are encouraged to apply.

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. 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. 2. Proven strength in the use of spreadsheets, database and presentation applications, including Excel and PowerPoint. 3. Knowledge of New York City, New York State, and Federal affordable housing programs and the housing development process. 4. Strong interpersonal, written, verbal, and analytical skills. 5. 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.