Director, Federally Assisted Portfolio Preservation Programs for the Division of Preservation Finance

City of New York•New York, NY

1d•$100,000 - $125,000•Onsite

About The Position

The Department of Housing Preservation and Development (HPD) is the nation's largest municipal housing agency, responsible for overseeing housing standards, building and preserving affordable housing, protecting tenants, and holding landlords accountable across New York City. HPD is committed to making New York City a more affordable place for renters and homeowners through various tools including standards enforcement, tenant resources, and the creation of new affordable housing. The Office of Development (OOD) within HPD leads the agency's efforts in creating and preserving housing in collaboration with other agencies. The Division of Preservation Finance, a part of OOD, administers multiple financing programs aimed at improving the financial and physical conditions of privately-owned multi-family and single-family buildings, and preserving or creating affordability through low-cost loans and property tax benefits.

Requirements

A baccalaureate degree from an accredited college and four years of full-time satisfactory professional experience in the development, design, construction, appraisal, financing, negotiation or disposition of real estate or in real estate law, or in urban planning, design or renewal, or analytical or coordination work related to housing programs.
At least 18 months of executive, administrative or managerial capacity or supervising professional personnel performing work in the fields noted above.
OR Education and/or experience which is equivalent to the 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 three years of work experience including at least 18 months of executive, administrative, managerial or supervisory experience as described above.

Nice To Haves

Strong managerial experience.
A record of achieving results in a fast-paced environment.
Experience managing programs as well as seeking ways to improve programs and procedures.
Strong real estate financial analysis skills including financial modeling and financial statement analysis.
Detailed-oriented, self-motivated, able to manage multiple projects simultaneously, and regularly meet deadlines.
Strong verbal and written communication skills.
Ability to read, absorb, and provide analysis or feedback on legal or other project documents.
Proven track-record of closing complicated transactions.
Strong financial background (including experience underwriting real estate transactions).
Knowledge of real estate development, affordable housing finance, housing development/lending.
Knowledge of HPD development programs.
Demonstrated analytical skills.
Ability to work effectively with others to obtain results promptly.
Excel in working with multiple partners and stakeholders to achieve program goals.
Strong facility with Excel and Word.

Responsibilities

Develop and implement plans, strategies, and tools for effective program management in collaboration with the Executive Director.
Supervise and provide technical and procedural assistance to a project management staff of approximately 15 project managers and deputy directors.
Identify opportunities for improved processes and procedures for the program, and implement new agency policies and initiatives.
Provide policy and process feedback on initiatives or proposals within the division, partner divisions, and external partners.
Establish appropriate productivity measures for staff and goals, targets for the unit, and priorities for the team and the pipeline.
Establish effective systems for monitoring and tracking the unit’s work.
Act as a liaison with developers, financial institutions, not-for-profit organizations, and governmental agencies to advance Federally Assisted Portfolio Preservation Program development projects.
Prepare, review, and analyze development budgets, pro formas, and affordability analyses in conjunction with project management staff, development teams, and the Executive Director.
Perform general project management duties as needed, including construction loan closings, troubleshooting projects in construction, facilitating project completion, and preparing recommendations for work-outs prior to permanent loan conversion.
Participate in meetings with development teams and any other relevant meetings, presentations, and conferences.
Collaborate with other HPD divisions to identify, monitor, and/or resolve site, design, environmental, and construction monitoring issues.
Represent the agency at community meetings, interagency working groups, and conferences.
Prepare reports, memoranda, and written correspondence regarding program performance and issues.
Manage the unit’s and team’s support and engagement on conversions to permanent financing.
Coordinate special projects, conduct policy analyses, initiate research, and make recommendations related to program management and operations.
Demonstrate a track record of collaboration and cooperation with internal and external partners to achieve program goals.
Demonstrate a proven record of strong relationship management.