Deputy Director for the Division of Preservation Finance

City of New York•New York, NY

3d•$86,749 - $100,000•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. The Office of Development (OOD) leads the agency’s effort to create and preserve housing in collaboration with other HPD offices as well as other city, state and federal agencies. The Division of Preservation Finance administers multiple financing programs to improve financial and physical conditions and preserve or create affordability within privately-owned multi-family and single-family buildings. The division oversees programs utilizing low-cost loans and property tax benefits among other public incentives including the Multifamily Housing Rehabilitation Loan Program (HRP), the Participation Loan Program (PLP), the Third Party Transfer Program (TPT), Multi-Family Preservation Loan Program (MPLP), Neighborhood Pillars Program (Pillars) the Housing Preservation Opportunities Program (HPO), The Capital Partnership for Affordable Renovations Program (CPAR), the Lead Hazard Reduction and Healthy Homes Program (PPP), HUD Multifamily Program (HUD MF), and the LIHTC Portfolio Preservation (Year 15) Program. The Division of Preservation Finance seeks a Deputy Director to assist with the implementation of the Division’s new intake process for new applications for assistance from the loan and tax exemption programs housed in the Division of Preservation Finance. The goal of the intake process is to streamline and standardize applications to benefit our external stakeholders. The intake role will ensure applicants have a clear understanding of the various loan and tax exemption programs and can successfully navigate the application process. This position represents an exciting opportunity to do meaningful process implementation and coordination work with our clients and internal team. Under the direction of the Preservation Finance Director of Operations, the Deputy Director will work to develop and oversee the administration of the intake process including meeting with applicants to introduce them to the City’s preservation programs, provide process refinement and implementation, tracking and reporting on capitally funded project intake information, outreach & communication, and program evaluation. The Deputy will act as an internal navigator and will be the main point of contact with external partners, including property owners, developers and HPD selected external vendors providing loan packaging work. The Deputy will conduct reviews of submitted applications for capitally funded program areas and direct owners to the correct program area for assistance. The role involves substantive liaising and coordination with parties internal to HPD, including senior leadership and intake staff in the Preservation Finance Loan Program areas to move projects forward.

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. However, all candidates must have at least two years of experience as described above.
Authorization to work in the United States is required for this position.
Applicants are responsible for ensuring that they meet all qualifying requirements for this position at the time of application.
Finalist for this position must have filed for the Open Competitive Associate Housing Development Specialist exam #4122 or promotional exam #4570.
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.

Nice To Haves

Strong financial analysis skills including financial modeling and financial statement analysis
Meticulous, organized, detailed-oriented, and self-motivated
Able to manage multiple projects and meet competing deadlines
Strong verbal and written communication skills
Strong financial background (including underwriting experience)
Knowledge of affordable housing development/lending
Knowledge of HPD development programs
Demonstrated analytical skills
Ability to work effectively with others to obtain results promptly
Strong facility with Excel and Word
Master's in urban planning, Real Estate Finance, Business/Public Administration or related fields

Responsibilities

Conduct initial meetings with sponsors to discuss program requirements
Assist in outreach to owner/sponsor to complete application; answer questions
Assist program teams with secondary review of submitted application materials
Lead implementation of the intake process within the Division of Preservation Finance
Conduct initial review of submitted application materials for capitally funded projects, determine capacity and route clearly eligible and ineligible projects
Coordinate with teams to determine appropriate program assignments; liaise with external and internal stakeholders to move projects forward
Ensure coordination across teams and assist teams in implementing intake process protocol
Coordinate tracking for capitally funded projects, assignments and prioritization; compile and disseminate reporting