Asset Management Director, Preservation Programs

Nyc Housing Development Corp • New York, NY

276d • $100,000 - $115,000

About The Position

The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation's largest municipal Housing Finance Agency. HDC's programs support the construction and preservation of multi-family affordable housing in New York City. The Director of Preservation Programs reports to the Vice President, Preservation Programs, and oversees a portfolio of construction loans and Mitchell-Lama properties. Oversight includes both mortgage requirements and NYC rules for Mitchell Lamas, budget and financial aspects of construction lending, and maintaining, analyzing, and reporting on property data.

Requirements

• A bachelor's degree from an accredited college plus 3-5 years minimum of relevant experience with federal, state, or local housing programs.
• 3 - 5 years prior supervisory experience managing a team, projects and time-sensitive deadlines.
• Knowledge of NYC Mitchell Lamas, Housing Finance Agency underwriting and HUD Section 8 project compliance a plus.
• Thorough understanding of loan administration, construction lending, and funding procedures.
• Superior organizational, analytic, and problem-solving skills with excellent attention to detail.
• Strong interpersonal, verbal, and written communication skills.
• Ability to build relationships with staff executives and external partners.
• Proficiency in Microsoft Office.

Responsibilities

• Lead a team of Asset Managers responsible for construction monitoring and asset managing the Mitchell Lama portfolio.
• Manage construction loans, including but not limited to the following responsibilities: Managing the construction budget in compliance with the respective loan documents; Reviewing and understanding construction loan documents; Evaluating and implementing construction document and contracts; Reviewing construction loan change requests (change orders); and Working to bring construction loans to completion.
• Troubleshoot issues during construction, determine what the issues are and utilize tools available to the housing agency to bring relief/resolution.
• Anticipate problems and look to bring resolution through acceptable means.
• Analyze a property's financial issues with the borrower to determine acceptable course of action.
• Oversee the fund requests and authorizations of capital projects from reserve accounts.
• Supervise the Fannie Mae review, approval, and distribution of reports according to the programmatic and regulatory requirements.
• Build strong working relationships with other teams within HDC and HPD to enhance compliance efforts and education.
• Maintain property data and prepares reports and status accounts to analyze potential risks and concerns within the portfolio.
• Establish and maintain relationships with project owners, managing agents and various governmental agencies.
• Manage inquiries from residents, attorneys, elected officials, owners, or managing agents and provide timely and detailed responses substantiated by HDC regulatory and programmatic guidelines.
• Develop training, materials, and tools to support the staff.
• Head detailed internal staff meetings that provide programmatic information and guidance.
• Review credit memos and supporting schedules prior to Credit Committee submission.
• Streamline existing and create new processes and systems to maximize the Department's productivity and oversight capabilities.
• Participate in interdepartmental projects.

Benefits

• Health Benefits at a reasonable cost
• Dental and Vision Benefits at no cost
• Retirement savings plan with a generous match and a pension plan
• Paid holiday, vacation, sick time and parental leave
• Professional development opportunities
• Public Service Loan Forgiveness for eligible employees
• Wellness reimbursement
• Back-up Caregiver Benefit

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree