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Director, Preservation Programs
New York City Housing Development CorporationNew York City, United Statesfull_timeVerifiedPosted 19 Jul 2024
💰 $115,000/yr($100,000/yr – $115,000/yr)
About the role
The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City. Area of Talent: Asset Management/Preservation Programs Position Type: Full Time/ExemptSalary Range: $100,000 – $115,000 annuallyOffice Location: NYC/Financial District Position Summary: The Director of Preservation Programs reports to the Vice President, Preservation Programs, and oversees a portfolio of construction loans and Mitchell-Lama properties including both mortgage requirements and NYC rules for Mitchell Lamas, budget, and financial aspects of construction lending, and maintaining, analyzing, and reporting on property data. Job Responsibilities:
- Lead a team of Asset Managers responsible for monitoring the Mitchell Lama portfolio and managing construction loan budgets and advances.
- Build strong working relationships with other teams within HDC and HPD to enhance compliance efforts and education.
- Supervises the Fannie Mae review, approval, and distribution of reports according to the programmatic and regulatory requirements.
- Oversees the fund requests and authorizations of capital projects from reserve accounts and loan proceeds.
- Maintains property data and prepares reports and status accounts to analyze potential risks and concerns within the portfolio.
- Establish and maintain relationships with project owners, managing agents and various governmental agencies.
- Manage inquires from residents, attorneys, elected officials, owners, or managing agents and provide timely and detailed responses substantiated by HDC regulatory and programmatic guidelines.
- Presenting / representing HDC at on-site board and tenant meetings as needed.
- Develop training, materials, and tools to support the staff.
- Heads detailed internal staff meetings that provide programmatic information and guidance.
- Review credit memos and supporting schedules prior to Credit Committee submission.
- Streamline existing and create new processes ands systems to maximize the Department’s productivity and oversight capabilities.
- Participate in interdepartmental projects.
- A bachelor’s degree from an accredited college plus 3-5 years minimum of relevant experience with federal, state, or local housing programs.
- Knowledge of NYC Mitchell Lamas and HUD Section 8 project compliance a plus.
- Thorough understanding of loan administration, construction lending, and funding procedures.
- 3 – 5 years prior supervisory experience managing team projects and time-sensitive deadlines.
- Superior organizational, analytic, and problem-solving skills with excellent attention to detail.
- Strong interpersonal, verbal, and written communication skills.
- Ability to build relationships with staff executives and external partners.
- Proficiency in Microsoft Office.
- Health Benefits at a reasonable cost
- Dental and Vision Benefits at no cost
- Retirement savings plan with a generous match and a pension plan
- Paid holiday, vacation, sick time and parental leave
- Professional development opportunities
- Public Service Loan Forgiveness for eligible employees
- Wellness reimbursement
- Back-up Caregiver Benefit
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