Deputy Director for the Division of Preservation and Portfolio Management

City of New York•New York City, NY

3d•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's Division of Portfolio Management & Conversions (PMC) comprises three program areas, including Conversions and Rental Assistance, Requisitions, and Construction Monitoring. PMC is responsible for overseeing a large pipeline of HPD projects financed across the Divisions of New Construction, Special Needs Housing, Homeownership Opportunities and Preservation, and Preservation Finance. The division is responsible for proactively managing projects from closing through construction to permanent loan conversion and transition to other teams within HPD. As the Deputy Director for the Division, you will supervise and manage the work of the conversion coordinators who communicate with sponsors regarding HPD requirements and timing, review due diligence documentation, confirm that projects are meeting their regulatory and programmatic obligations including rental income metrics, and facilitate conference calls with partners. This work involves multiple internal and external partners, including developers, tenants, and lenders, and may also involve coordination of rental subsidies, rent increases or resolution of issues related to housing code, legal, underwriting and/or other issues.

Requirements

A baccalaureate degree from an accredited college or university and three years of full-time satisfactory professional experience in the development, appraisal, financing, negotiation, or disposition of real estate, or in real estate law, or in urban planning or analytical or coordination work related to housing programs; or
A four year high school diploma or its educational equivalent approved by a State's Department of Education or a recognized accrediting organization and seven years of full-time satisfactory experience as described in "1" above; or
A satisfactory combination of education and/or experience which is equivalent to "1" or "2" above.
Graduate study in the field of urban studies, city planning, business or public administration, finance, architecture, engineering or other related fields may be substituted for up to one year of the required experience on the basis of 30 credits equaling one year of experience.
Graduation from an accredited law school may be substituted for one year of the required experience.
All candidates must have at least two years of experience as described above.
Finalists for this position must have filed for the Open Competitive Associate Housing Development Specialist exam #4122 or promotional exam #4570.
The position is open to applicants who are already permanent in the Associate Housing Development Specialist title, or permanent in another comparable civil service title.
Candidates must indicate permanent civil service title on resume.
Authorization to work in the United States is required for this position.
The NYC Department of Housing Preservation and Development does not provide sponsorship for international employees for visa applications, extensions, or status changes, including H-1B visas.
Applicants are responsible for ensuring that they meet all qualifying requirements for this position at the time of application.

Nice To Haves

Management and operational experience, including demonstrated success leading teams, implementing change, managing growth and improving productivity and work quality.
Experience managing affordable housing transactions such as construction loan closings and permanent loan conversions
Outstanding communication skills.
Proven interest in community development, urban planning, affordable housing, or real estate finance.
Knowledge of New York City affordable housing and private lending programs.
Ability to read and understand loan documents and experience with project scheduling.
Advanced computer skills including in Microsoft Office suite, and with data analytics.
Strong interpersonal and communication skills.
Demonstrated capacity for performing and prioritizing multiple tasks, managing projects to deadlines, and using independent judgment, in a professional and appropriate manner.
Ability to work well with multiple stakeholders and priorities.
Real estate development, law, finance, project management or related experience a plus.

Responsibilities

Supervision of the staff responsible for loan conversions, including day-to-day management and administrative tasks.
Overseeing the rent restructuring process to ensure new rent orders are timely and accurate.
Producing and managing the conversion project tracking sheets.
Managing the project intake system, assigning new projects to staff, and coordinating work assignments.
Leading weekly conversion tracking check-in calls with staff and monthly coordination meetings with production units in Office of Development.
Anticipating and resolving conversion related problems including project issues with individual staff, and larger operational and policy and coordination issues with other work units.
Training new and existing staff on policies and practices.
Creating and implementing new reporting and other management tools.
Establishing and overseeing quality control measures to ensure processes are followed.
Standardizing and documenting procedures.
Identifying opportunities to improve existing materials and processes.
Leading the division’s relationship with the agency’s technology team to better utilize resources.
Working on conversion projects as a conversion project manager, when needed.
In addition to the tasks described above, the individual will be expected to take on additional tasks and assist with team projects, as time allows.