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 (aka “air rights”) to adjacent privately-owned sites. TTP will generate $1 billion for capital repairs at adjacent developments.

Under the direction of the Vice President for Real Estate Transactions, the Senior Project Manager will assist with the financial modeling and 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 Senior Project Manager will be responsible for projects associated with these programs as well as other departmental initiatives. The Senior Project Manager will work on a team with technical knowledge related to real estate development, public housing, architecture, planning, and urban design. The key responsibilities for this position include, but are not limited to the following:

- Administer multiple real estate transactions.
- Provide financial analysis and modeling for new construction and preservation projects.
- Review and evaluate due diligence materials as it relates to project financing, including ground leases, loan documents and appraisals.
- Identify and analyze potential funding sources.
- Underwrite mortgage or sponsor loans for new construction and preservation projects.
- Assist NYCHA legal department in preparing contract and closing documents.
- 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, development partners, lenders, and residents.
- Draft requests for proposals.
- Work closely with colleagues from NYC, NY State, and Federal agencies involved in the development of affordable housing.
- Make presentation to residents, elected officials and community members.
- In the temporary absence of supervisor, assume the duties of that position.
- Perform other tasks related to housing development finance.

Due to the existence of a civil service list, candidates must have permanent civil service status in the title of Administrative Housing Development Specialist to be considered.

NOTE: IF THIS APPOINTMENT IS MADE ON A PROVISIONAL BASIS PURSUANT TO 65 OF THE NYS CIVIL SERVICE LAW, NO TENURE OR PERMANENCE ACCRUES TO AN INCUMBENT IN THIS POSITION BY VIRTUE OF SUCH APPOINTMENT.

NOTE: This position is open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate in your cover letter that you would like to be considered for the position under the 55-a Program. For detailed information regarding the 55-a Program, please visit the link below:

http://www.nyc.gov/html/dcas/downloads/pdf/psb/100_1.pdf

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 four years of full-time satisfactory professional experience in the development, design, construction, appraisal, financing, negotiation or disposition of real estate or in real estate law, or in urban planning, design or renewal, or analytical or coordination work related to housing programs; at least 18 months must have been in an executive, administrative or managerial capacity or supervising professional personnel performing work in the fields noted above; or

2. Education and/or experience which is equivalent to "1" above. Graduate study in the field of urban studies, city planning, business or public administration, finance, architecture, engineering or other related fields may be substituted for up to one year of the required experience on the basis of 30 credits equaling one year of experience. Graduation from an accredited law school may be substituted for one year of the required experience. However, all candidates must have three years of work experience including at least 18 months of executive, administrative, managerial or supervisory 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).

This position is also open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate at the top of your resume and cover letter that you would like to be considered for the position through the 55-a Program.

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.