Senior Preservation Programs Manager

New York State Housing Finance Agency•New York, NY

About The Position

The Senior Preservation Programs Manager supports the preservation of affordable housing in New York State by working with developers, owners, managers, and other agency units to promote the stability of properties in HCR’s 4%, 9%, and Mitchell-Lama portfolios. The role supports the Vice President of Strategic Preservation Initiatives and Statewide Asset Management Unit staff in carrying out programs and policies that strengthen the portfolio’s short- and long-term prospects. The Programs Manager leads transactions such as subsidy and grant closings, repositioning strategies, refinancings, and workouts for distressed projects. The position also supports project risk assessment, delinquency monitoring and resolution, and prioritization of projects for the HCR Office of Finance and Development preservation subsidy pipeline. The role works extensively with agency units, including Legal, Data Management, and the Office of Research and Strategic Analysis, and with external stakeholders such as lenders, owners, and investors. Some travel is required.

Requirements

Bachelor’s degree in a related field.
At least 5 years of professional experience in the affordable housing industry.
Knowledge of government housing programs such as LIHTC, Mitchell-Lama, Section 8, Enhanced Vouchers, RAD conversions, Inclusionary Housing, and HOME.
Proficiency in Microsoft Office applications.
Strong written and verbal communication skills.
Strong research abilities.
Strong project management skills and follow-through.
Ability to take charge, multitask, prioritize in a changing environment, and act with urgency and accountability.
Ability to work well amid ambiguity; highly driven and values entrepreneurialism.
Exceptional attention to detail.
Sound judgment.

Nice To Haves

Advanced degree.
LIHTC experience.
Quantitative skills, financial analysis, and Excel modeling skills.

Responsibilities

Evaluate the feasibility and eligibility of projects applying for preservation awards.
Maintain preservation program pipelines and manage internal approvals for projects closing on subsidies or grants.
Interact with property owners, managers, and developers.
Review project loan documents and regulatory agreements.
Analyze portfolio-level financial information to identify trends and vulnerabilities.
Review and update delinquency information from the Mortgage Insurance Fund and external first-position lenders.
Prepare written materials for presentation to the Credit Committee and Board, as needed.
Train and assist staff, including junior team members, on preservation program financial review and project management.
Assess property risk profiles in collaboration with other Office of Housing Preservation staff.
Assess and recommend workout, repositioning, or intervention strategies for distressed properties.
Maintain project prioritization documents.
Develop timelines and approaches to move transactions from intake to completion.
Attend calls, meetings, and discussions related to proposed initiatives or transactions.
Provide regular progress reports to senior agency staff, as applicable.
Work with agency Legal staff to prepare for closings.
Attend courses, conferences, and other industry events.
Travel as required.
Assist with other Office of Housing Preservation functions and duties as assigned.

Benefits

Extensive benefits package, including paid leave and health, dental, vision, and retirement benefits through the New York State and Local Employees’ Retirement System.
Promotional opportunities for dedicated professionals.
37.5-hour work week and paid vacation, sick, and personal days, as well as federal holidays.
12 weeks of paid parental leave.
Paid Family Leave.
Compressed or flextime scheduling opportunity.
Cash in for Wellness program, which may be used for a health club membership or a weight-loss or smoking-cessation program.
Tuition reimbursement for job-related and non-job-related courses.
Vacation Leave Buy-Back program, subject to approval.
Access to Plum Benefits discounts.
Optical, hearing aid, and podiatric expense reimbursement up to $650 per year per family, with eligible unused balances carried over up to $1,300.