Deputy Director, Moderate Rehabilitation and Stabilization Loan Programs for the Division of Preservation Finance

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.

HPD is entrusted with fulfilling these objectives through the goals and strategies of “Housing Our Neighbors: A Blueprint for Housing and Homelessness,” Mayor Adams’ comprehensive housing framework. To support this important work, the administration has committed $5 billion in new capital funding, bringing the 10-year planned investment in housing to $22 billion the largest in the city’s history. This investment, coupled with a commitment to reduce administrative and regulatory barriers, is a multi-pronged strategy to tackle New York City’s complex housing crisis, by addressing homelessness and housing instability, promoting economic stability and mobility, increasing homeownership opportunities, improving health and safety, and increasing opportunities for equitable growth.
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Your Team:

The Office of Development (OOD) leads the agency’s effort to create and preserve affordable housing as a critical part of Housing Our Neighbors: A Blueprint for Housing and Homelessness 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.

The Division of Preservation Finance administers multiple financing programs including the Multifamily Housing Rehabilitation Loan Program (HRP), the Participation Loan Program (PLP), the Housing Preservation Opportunities Program (HPO), The Capital Partnership for Affordable Renovations Program (CPAR), the Lead Hazard Reduction and Healthy Homes HUD Multifamily Program (HUD MF), the Third Party Transfer Program (TPT), Multi-Family Preservation Loan Program (MPLP) il, Neighborhood Pillars Program (“Pillars”) and the LIHTC Portfolio Preservation (Year 15) Program. These programs facilitate the financial and physical viability, as well as affordability of privately-owned multi-family and single-family buildings throughout New York City. The Division plays a key role in implementing the overall preservation strategy for HPD’s Office of Development in support of the Mayor’s Blueprint.

Your Impact:

The Division of Preservation Finance seeks a Deputy Director for Moderate Rehabilitation and Stabilization Loan Programs. The position will report to the Director, Moderate Rehabilitation and Stabilization Loan Programs. In your role as Deputy Director, you will assist principally in the management and administration of the Multifamily Housing Rehabilitation Loan Program (HRP), and relevant policy and projects within the unit.

HRP provides rehabilitation loans to multifamily affordable housing developments that cannot leverage private financing and only require financing for the replacement of major building systems to improve living conditions and preserve safe affordable housing for low- and moderate-income households in New York City.

Your Role:

In your role as Deputy Director you will collaborate with the team director to lead a team of to lead a team of Senior Project Manages, Project Managers, and Assistant Project Managers working on capitally funded projects to oversee preparation and review of development budgets, affordability analyses, design review and approval, and other predevelopment issues to ensure timely construction loan closings to meet targets and track progress on annual pipeline of preservation projects.

Your Responsibilities:

As Deputy Director, you will perform duties including, but not limited to the following:

- Assist the Director with the development and implementation of plans, strategies and tools for effective program management;
- Work with the Director to supervise and provide technical and procedural assistance to project management staff;
- In conjunction with the Director, establish appropriate productivity measures for staff and work effectively with staff to achieve them;
- Assist in the establishment of effective systems for monitoring and tracking project manager’s work;
- Assist in the preparation of budget and program proposals and in managing a budget of approximately $80 million