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Job Requirements of Affordable Housing Project Manager:
Bachelor's or Master's degree in Real Estate, Urban Planning, Finance, or a related field; equivalent experience in affordable housing development is also suitable.4+ years of experience in real estate development, affordable housing, or related project management roles.
Strong understanding of affordable housing finance, including underwriting, financial modeling, and evaluating project‑level returns.
Familiarity with transactional structuring and key deal documents such as financing term sheets, regulatory agreements, and operating agreements.
Direct experience working with NYC regulatory agencies (HPD, HDC, HFA, DOB) is strongly preferred.
Ability to conduct feasibility analyses, zoning reviews, site due‑diligence, and risk assessments.
Experience coordinating design processes with architects, engineers, expediters, and other consultants from early schematic design through construction documents.
Demonstrated ability to manage development budgets, track sources and uses, and support financing applications throughout the underwriting process.
Skilled in reviewing lender, investor, and agency due‑diligence materials and participating in negotiations with legal counsel and senior leadership.
Experience coordinating construction and permanent loan closings.
Ability to monitor construction progress, schedules, budgets, and change orders while working closely with general contractors and internal teams.
Knowledge of tax credit compliance, cost certification, lease‑up processes, and permanent loan conversion.
Strong communication skills with the ability to interface effectively with lenders, agency staff, equity partners, consultants, and community stakeholders.
Proven ability to manage multiple projects and deadlines in a fast‑paced, detail‑oriented environment.
Strong quantitative, analytical, and problem‑solving abilities.
Proficiency in Microsoft Office (Excel, Word, PowerPoint) is required; strong data‑management and exploratory data‑analysis abilities are preferred.
Demonstrated ability to work both independently and collaboratively within cross‑functional teams.
Willingness to travel within the New York metro area for site visits, inspections, and meetings.
Ability to adapt to evolving project needs and contribute to improving internal processes and best practices.
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Affordable Housing Project Manager
The Project Manager will lead impactful affordable housing developments from early feasibility through construction, lease‑up, and stabilization, shaping communities across the NYC metro area. This role offers the opportunity to drive complex projects, collaborate with top industry partners, and grow within a fast‑paced, mission‑driven real estate development team.
Client Details
Our client is a leading real estate developer based in New York City, recognized for delivering high‑quality affordable, supportive, and mixed‑income housing that strengthens communities through a people‑first, design‑driven approach. Since 2016, the organization has rapidly expanded its impact, developing and preserving more than 12,000 residential units-a scale that reflects both its credibility and long‑term commitment to community development.
With a vertically integrated structure that includes in‑house development, construction, investment management, and property management teams, the client offers employees the rare opportunity to work across the full project lifecycle and see their efforts materialize into meaningful, lasting housing. Their culture values creativity, innovation, and responsible decision‑making, and they collaborate with both public and private partners to deliver housing that meets the evolving needs of New York's diverse neighborhoods.
This is an ideal environment for candidates who want to grow quickly, take ownership of impactful projects, and contribute to work that directly benefits communities across the NYC metro area.
Description
Development & Pre-development
- Conduct feasibility analyses, zoning reviews, and due‑diligence activities
- Onboard and manage design consultants (architects, engineers, expediters, environmental, sustainability, elevator, etc.)
- Support and oversee design processes from schematic design through construction documents, incorporating value‑engineering strategies
- Coordinate required approvals with city and state agencies (e.g., HPD, HDC, HFA, DOB)
- Maintain comprehensive project schedules and risk assessments
- Prepare financing applications
- Assist in preparing investment memorandums outlining project risks
Financing & Closings
- Prepare and manage financing applications and serve as the primary contact with relevant agencies
- Update development budgets and sources & uses throughout underwriting
- Review lender, investor, and agency due‑diligence materials; negotiate term sheets and loan documents with legal counsel and senior staff
- Coordinate construction and permanent loan closings
- Monitor construction progress, change orders, budgets, and schedules
- Lead bank requisition processes and invoice tracking
- Ensure compliance with regulatory requirements, MWBE goals, labor standards, and affordability covenants
Lease‑Up & Stabilization
- Coordinate with property management teams on marketing strategies and regulatory compliance
- Oversee cost certifications and tax‑credit investor compliance and conversion processes
- Manage TCO/CO processes and permanent loan conversions
- Transition stabilized assets to long‑term asset management
Leadership
- Serve as a key liaison with agency representatives, lenders, equity partners, and community stakeholders
- Drive internal process improvements and help establish best practices
MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.
Profile
A successful Affordable Housing Project Manager should have:
- Brings a strong understanding of affordable housing or real estate development, including financing structures, underwriting, and key deal documents.
- Demonstrates proven financial analysis skills, including modeling, evaluating project‑level returns, and structuring transactions.
- Is capable of identifying and resolving deal‑related issues with limited guidance.
- Excels at managing multiple tasks, prioritizing effectively, and meeting deadlines in a fast‑paced environment.
- Communicates clearly and professionally, both in writing and verbally, with internal teams and external stakeholders.
- Shows strong problem‑solving abilities and quantitative reasoning skills.
- Is proficient in Microsoft Office and demonstrates strong data management capabilities; experience with exploratory data analysis is a plus.
- Works well both independently and collaboratively within cross‑functional teams.
- Has direct experience with or a strong understanding of NYC real estate development processes.
Job Offer
- Competitive salary ranging from $110,000 to $150,000 USD.
- Cash bonus and long-term incentive plan.
- Comprehensive health benefits.
- Unlimited vacation policy to support work-life balance.
- 401(k) matching for retirement planning.
This is an exciting opportunity to make a meaningful impact in the property industry. If you are passionate about affordable housing and project management, we encourage you to apply!
MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.
Job Requirements:
4+ years of experience in real estate development, affordable housing, or related project management roles.
Strong understanding of affordable housing finance, including underwriting, financial modeling, and evaluating project‑level returns.
Familiarity with transactional structuring and key deal documents such as financing term sheets, regulatory agreements, and operating agreements.
Direct experience working with NYC regulatory agencies (HPD, HDC, HFA, DOB) is strongly preferred.
Ability to conduct feasibility analyses, zoning reviews, site due‑diligence, and risk assessments.
Experience coordinating design processes with architects, engineers, expediters, and other consultants from early schematic design through construction documents.
Demonstrated ability to manage development budgets, track sources and uses, and support financing applications throughout the underwriting process.
Skilled in reviewing lender, investor, and agency due‑diligence materials and participating in negotiations with legal counsel and senior leadership.
Experience coordinating construction and permanent loan closings.
Ability to monitor construction progress, schedules, budgets, and change orders while working closely with general contractors and internal teams.
Knowledge of tax credit compliance, cost certification, lease‑up processes, and permanent loan conversion.
Strong communication skills with the ability to interface effectively with lenders, agency staff, equity partners, consultants, and community stakeholders.
Proven ability to manage multiple projects and deadlines in a fast‑paced, detail‑oriented environment.
Strong quantitative, analytical, and problem‑solving abilities.
Proficiency in Microsoft Office (Excel, Word, PowerPoint) is required; strong data‑management and exploratory data‑analysis abilities are preferred.
Demonstrated ability to work both independently and collaboratively within cross‑functional teams.
Willingness to travel within the New York metro area for site visits, inspections, and meetings.
Ability to adapt to evolving project needs and contribute to improving internal processes and best practices.