Assistant Project Manager, Development

 Position Summary:
The Assistant Project Manager is responsible for providing support to the Development staff members in originating and underwriting mortgage loans using funds raised through bond issuances and/or allocations of corporate reserves.

Area of Talent: Development/Affordable Housing
Position Type: Full Time/Exempt
Location: NYC/Wall Street Area

Job Responsibilities:

  • Collect and review due diligence material and maintain project checklists.
  • Assist in underwriting mortgage loans (help analyze loan proposals and prepare spreadsheets outlining each proposal; help draft credit memos).
  • Assist in the coordination of mortgage loan closings with internal and external parties, including developers, other City agencies, bankers, bond underwriters and tax credit syndicators.
  • Develop relationships with current and prospective developers/borrowers.
  • Assist in gathering data for the preparation of management reports and loan tracking information.

Required Qualifications:

  • Bachelor’s degree with substantial course work/credits specific to finance, real estate development and/or city planning.
  • Demonstrated interest in affordable housing.
  • Minimum of 1 year of relevant experience in real estate development, project management, real estate lending and/or affordable housing.
  • Proficiency in excel and familiarity with financial budgets/spreadsheets; experience creating mortgage loan models a plus.
  • Strong interpersonal, verbal, and written communication skills, and the ability to build relationships with staff, executives and external partners.
  • Strong organizational skills with excellent attention to detail.


Preferred Qualifications:

  • Graduate degree in related field a plus but not required.
  • Knowledge of Federal, New York State, and New York City affordable housing programs and the development process is a plus.


Interested applicants may email a cover letter with salary requirements and resume to or fax to the Human Resources Department at (646) 304-4819.

HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits including health benefits, retirement savings and career development programs.  

HDC is an Equal Opportunity Employer.