Deputy Director, Leveraged Preservation Programs

Job Description

About the Agency:

The New York City Department of Housing Preservation 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.

- We maintain building and resident safety and health
- We create opportunities for New Yorkers through housing affordability
- We engage New Yorkers to build and sustain neighborhood strength and diversity.

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Your Team:


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 Office of Development is composed of eight divisions that administer a range of programs:

- New Construction Finance
- Special Needs Housing
- Building and Land Development Services (BLDS)
- Homeownership Opportunities and Preservation
- Preservation Finance
- Portfolio Management and Conversions
- Housing Incentives
- Compliance and Enforcement

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), Supportive Housing Preservation (SPP), and the LIHTC Portfolio Preservation (Year 15) Program.

Your Impact:

As the Deputy Director, Leveraged Preservation Programs for the Division of Preservation Finance, you will assist in overseeing the agency’s Leveraged Financing Programs which include a range of financing solutions and programs that pair tax exemptions or tax exemptions and public subsidy with private funding to meet project needs and preserve affordability under the Supervision of the Director, Leveraged Preservation Programs. Programs include the Participation Loan Program (PLP), the Multi-Family Preservation Loan Program (MPLP), Housing Preservation Opportunities Program (HPO), Neighborhood Pillars (Pillars), Capital Partnership for Affordable Rennovations Program (CPAR), and Third Party Transfer (TPT).
Your Role:

Your role will be to assist in the administration of the Program under the supervision of the Director, Leveraged Preservation Programs. The position affords an excellent opportunity for you to gain management experience as well as hone underwriting and thoughtful problem solving skills. Program provides financing in the form of City capital to leverage other financing sources, including Low Income Housing Tax Credits, tax-exempt bonds, and private debt and equity.


Your Responsibilities:

As Deputy, you will perform duties including, but not limited to the following:
- Track progress on an annual pipeline of preservation projects;
- Coordinate with internal and external loan servicers on construction and permanent loan servicing terms;
- Review and analyze existing mortgage notes, regulatory agreements and other related documents to help determine preservation strategy;
- Participate in all meetings with development teams and any other meetings, presentations, and conferences that pertain to the Program;
- Perform general project management duties, as needed;
- Assist the Director with the development and implementation of plans, strategies and tools to effectively manage programs while identifying solutions;
- Work with the Director to supervise and provide technical and procedural assistance to staff
- Oversee the timely input of information by staff into the agency databases;
- In conjunction with the Director, establish appropriate productivity measures for staff and goals and targets for the unit and work effectively with staff to achieve them;
- Identify property clusters for development and match with qualified owner/developers;
- In conjunction with the Director and project management staff, oversee preparation and review of development budgets, affordability analyses, design review and approval, tenant relocation and other pre-development issues to ensure timely construction loan closings to meet targets;
- Supervise and review the underwriting of deals and the preparation of packages for credit