Housing Development Associate

Northern Manhattan Improvement Corporation

New York, NY, USA

Published: 6/14/2022

Technology

Full Time

Job Description

AGENCY BACKGROUND:

Northern Manhattan Improvement Corporation (NMIC) is a community-based, not-for-profit organization founded in 1979. NMIC has grown into a leading multi-service agency with over 120 staff members serving New York City with a focus on upper Manhattan and the Bronx. Our mission is to serve as a catalyst for positive change in the lives of the people in our community on their paths to secure and prosperous futures. Integration is the cornerstone of NMIC’s programs and our staff can identify and address a broad array of immediate needs through comprehensive crisis intervention services. With their matters resolved, clients move seamlessly to capacity building services through our holistic programs designed to transition individuals and families to self-sufficiency.

Our Legal Services, Social Services and Weatherization programs meet community members’ basic needs including legal representation in immigration related matters, housing, financial services and health related matters.
Our Education & Career Services program imparts individual community members with the practical tools necessary to build secure and prosperous futures.

Job Title: Housing Development Associate

Department: Legal, Organizing, & Advocacy Services

Reports To: Managing Building Attorney

Location: Main Office: 45 Wadsworth Avenue, New York, N.Y. 10033 FLSA Status: Exempt

Work Model: Hybrid

SUMMARY OF RESPONSIBILITIES:

NMIC’s Housing Development Associate will be an integral member of the Legal, Organizing, & Advocacy Department overseeing NMIC’s housing development portfolio. This position will be responsible for reviewing NMIC’s entire portfolio and working with leadership to develop plans to efficiently complete pending projects and to proactively identify how best to support previously-developed projects.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

Development Project Management

Coordinate the management of ongoing development projects during all phases of development and cooperative conversion.

Work with internal and external stakeholders, including HPD, CPC, and other City agencies.

Generate and update development budgets for financial feasibility.

Portfolio Management

Partner with a professional management company to monitor the health of completed cooperative and NMIC-owned rental developments.

Serve as lead liaison with HDFC cooperatives for whom NMIC maintains a Monitoring Agent relationship.

Communicate with tenants and manage inquiries, with the goal of ensuring that the low-income cooperatives are complying with the requirements of their regulatory agreements.

Identify the need for refinancing, legal restructuring, or further construction work on existing properties and manage those projects as necessary.

Proactively identify opportunities to improve oversight of NMIC’s existing portfolio where operationally and financially feasible, or if it is best for the shareholders/tenants, to transfer oversight/ownership to another entity.

Maintain records of meetings/interactions to ensure proper portfolio management and grant reporting; and maintain communication with Managing Attorney for Group Adv. and Housing Program Manager regarding grant reporting tasks.

Additional related responsibilities may be assigned.

QUALIFICATIONS:

Relevant professional experience. A master’s degree in real estate, planning, finance, business, or a related field is preferred.

Deep commitment and understanding of affordable housing.

Ability to juggle multiple priorities and maintain attention to detail.

Bilingual English/Spanish required.

Financial analysis and project management experience, and familiarity with subsidized funding programs, a plus.

Knowledge of Excel is required.

Comfort dealing with uncertainty and the ability to proactively problem solve to meet stakeholder needs.

Ability to work well with a diverse group of professionals

Strong organizational, writing, interpersonal, analytical, and communication skills.

Team oriented approach.

SALARY/BENEFITS:

NMIC offers a competitive salary based on experience and education as well as a comprehensive and generous benefits package: medical, dental, life, and disability insurance are included; paid time off, including 20 vacation days, 15 sick days, 5 personal days, and 11 agency holidays plus the week off from Christmas Eve through New Year’s Day; a 401k with agency contribution; and other benefits.

Salary: $65,000 to $80,000

NMIC IS AN EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER:

NMIC is an Equal Opportunity Employer and actively encourages candidates of diverse backgrounds to apply for employment. Applicants must meet the minimum qualification requirements. A combination of education and experience will be considered unless specifically stated otherwise.