Director, Division of New Construction Finance (NCF)

City of New York•New York City, NY

1d•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.

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.
Authorization to work in the United States is required for this position.
Proficient in Microsoft Office Suite.

Nice To Haves

Experience in a collaborative environment.
Strong organization and communication skills.
Detail-oriented.
Excellent verbal and written communication and strong interpersonal skills.
Strong analytical, organizational, and quantitative skills.
Ability to read and understand loan documents.
Experience with budgeting and project scheduling.
Demonstrated capacity for performing multiple tasks, analyzing complex processes, using independent judgment, and conducting difficult negotiations while maintaining a sense of humor.
Background in or knowledge of real estate finance and/or program implementation experience.
Experience working for or with government agencies and government programs related to affordable housing development.
Experience with the construction process.
Masters in Urban Planning, Real Estate Finance, Real Estate Development, Business Administration, Public Administration or related fields.

Responsibilities

Supervising staff in their performance of general project management duties, including facilitating all necessary approvals related to project closings, troubleshooting projects in construction and facilitating project completion.
Collaborating with program staff, and supervising the review and analysis of project underwriting and planning.
Making recommendations to the Assistant Commissioner about project feasibility and key policy issues.
Establishing production goals and working with staff across the agency to meet established goals.
Supervising and mentoring staff on professional development goals, growth and strategies.
Supporting negotiations relating to deal structure, funding commitments and other project requirements on behalf of HPD.
Assisting in the preparation of applications for additional capital and operating funds.
Supporting work with architects, sponsors and HPD design review staff to ensure high-quality, sustainable cost-efficient design.
Reviewing and coordinating submissions of required CEQR, NEPA and other environmental review reports.
Coordinating submissions of ULURP applications for UDAAP and disposition of City-owned property.
Working with HPD s legal department to collect and prepare loan closing documentation.
Coordinating construction loan and syndication closings.
Confirming accurate tracking and reporting of key project issues, including timing of project loan closings, construction status, project completion and budget close outs.
Tracking and managing workflow across the Division.
Participating in the development of RFPs and policy related projects.
Assisting the Assistant Commissioner and others with time-sensitive research and report production and additional administrative activities as required.