HPD’s Division of New Construction Finance (NCF) is part of the Office of Development which oversees implementation of the Housing New York 2.0 plan to produce 300,000 units of affordable housing in New York City. NCF, in collaboration with other government partners, will create over 4,000 units of new housing each year for extremely low to middle income households. This dynamic division finances the new construction of affordable housing through its loan programs for extreme low, low income, middle income, mixed income affordable rental and home-ownership housing. NCF administers seven loan programs: 1) Extreme Low & Low-Income Affordability (ELLA) Program, 2) the Mixed Income Program (Mix-and-Match), 3)Mixed-Middle Income (M2) Program, 4) Neighborhood Construction Program (NCP), 5) the New Infill Home-ownership Opportunities Program (NIHOP), and 6) Open Door Program, Home-ownership New Construction of Affordable Coops, and 7) HomeFirst, Down Payment Assistance to homeowners.
HPD’s Division of New Construction Finance seeks to hire a Project Manager for its Multi-Family New Construction Programs (MFNC), which includes ELLA, Mix-and-Match, and M2 Programs. The Project Manager will manage complicated projects financed with tax exempt bonds, Low Income Housing Tax Credits, City subsidized loans, conventional bank loans, and other tools such as the disposition of City owned land and New Markets Tax Credits. Projects are often mixed-use with commercial and community facility components. Project Managers a The Project Manager, under general supervision of the Director of ELLA and Director of the Mixed Income Programs, will manage a portfolio of projects from pre-development through construction, completion and conversion. The Project Manager works with other divisions within HPD's Development Office to underwrite loans and manage projects through closing, construction, completions and conversions.