Assistant Commissioner, Division of New Construction Finance (NCF)

City of New York • New York City, NY

7d • Onsite

About The Position

The New York City Department of Housing Preservation and Development (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the city’s neighborhoods because every New Yorker deserves a safe, affordable place to live in a neighborhood they love. HPD maintains building and resident safety and health, creates opportunities for New Yorkers through housing affordability, and engages New Yorkers to build and sustain neighborhood strength and diversity. The Office of Development (OOD) leads the agency’s effort to create and preserve affordable housing in collaboration with other HPD offices as well as other city, state and federal agencies. The OOD is comprised of seven divisions that administer a range of programs. These divisions include New Construction Finance, Special Needs Housing, Building and Land Development Services (BLDS), Homeownership Opportunities and Preservation, Preservation Finance, Compliance and Enforcement and Housing Incentives. HPD’s Division of New Construction Finance (NCF) is part of the Office of Development which create affordable housing in New York City. NCF, in collaboration with other government partners, will create approximately 3,000 units of new housing each year for extremely low to middle income households. The Division of New Construction Finance (NCF) seeks to hire an Assistant Commissioner for its programs. The Assistant Commissioner for the Division of New Construction Finance oversees HPD’s financing of the construction of new affordable housing on both public and private sites through management of the New Construction Finance (NCF) Term Sheets and other supporting programs.

Requirements

• A baccalaureate degree from an accredited college or university and two years of full-time, satisfactory professional experience in planning, analysis, coordination and/or development of housing projects or programs; or Graduate study from an accredited college or university in the field of urban studies, city planning, real estate development, public administration, public policy, finance, community organization, architecture, or urban design, may be substituted for up to one year of the required experience on the basis of 30 credits for one year. However, all candidates must have at least a baccalaureate degree and one year of the experience described in "1" above.
• Authorization to work in the United States is required for this position.

Nice To Haves

• Extensive knowledge of financial tools and theory as well as facility in the use and analysis of financial models
• Ability to manage high volume workload and direct experience with transactional pipeline management
• Excellent verbal and written communication skills, including demonstrated ability to work effectively with internal and external partners to achieve overall goals
• Demonstrated experience in program management and policy development
• Demonstrated experience with process management (including budgeting exercises, managing targets, meeting reporting goals, and HR processes)
• Demonstrated ability to meet competing deadlines with senior managers to effectively manage multiple initiatives and projects in a timely manner
• Strong track record of working with the affordable housing development industry and knowledge of affordable housing finance and policy
• Excellent analytical, organizational, and quantitative abilities, and track record of sound judgment and decision-making

Responsibilities

• Overseeing the development and implementation of the division’s programs to meet the housing goals of the agency and City.
• Managing staff implementing the division’s financing programs and operations.
• Overseeing coordination with multiple internal divisions as well as numerous outside lending and program partners.
• Fielding and responding to inquiries, both internal and external, about division activities. As part of this effort, the Assistant Commissioner will be responsible for prioritizing potential issues and making sound recommendations to the Deputy Commissioner.
• Ensuring cost-effectiveness in subsidy programs by leading efforts to implement finance and production protocols to ensure efficient use of public subsidies in combination with available incentives.
• Fostering innovation in the creation of new financing models and deal structures to advance the goals of Housing New York and other policy priorities.
• Contributing to the development, implementation, and tracking of strategic plans for the Office of Development and the Agency.
• Contributing to the development, implementation, and tracking of affordable housing policy for the Office of Development and the Agency.
• Other responsibilities and initiatives as may be required to ensure the success of the division, the Office of Development, and the Agency.

Benefits

• The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager