Senior Director of Preservation

Compensation & Benefits

• Salary Range: This position offers a salary range of $165,000 to $185,000, with the final offer determined based on the candidate’s experience and relevant expertise.
• Benefits: Comprehensive benefits package through Catholic Charities, including health, dental, and vision.
• Vacation: 4 weeks of paid vacation annually, plus holidays.

Summary: Catholic Homes New York is dedicated to the belief that having a home is a sacred human right.  Operating across 10 New York counties, we oversee a portfolio of approximately 3,000 affordable units and specialize in developing, constructing, and acquiring housing for families, seniors, and supportive populations. We are committed to the long-term stability of our communities by providing self-funded social services and actively growing our portfolio through new construction and strategic acquisitions.

The Senior Director of Preservation will design and lead a scalable investment platform that integrates disciplined real estate execution with a mission-driven, faith-based, and social-services mandate. This leader will oversee the end-to-end investment lifecycle—from structuring complex equity stacks involving internal capital, co-GPs, and institutional endowments, to delivering board-level strategic analysis.

Serving as a strategic partner to the CEO, the Director will institutionalize due diligence workflows and lead the financial engineering of high-impact transactions. By synthesizing data—including Year 15 performance, operating expenses, and audit analysis—to inform long-term growth strategies, they will ensure every acquisition is capitalized to optimize social and financial returns.

Platform Strategy & Capitalization

• Build the Platform: Lead the end-to-end investment lifecycle, from initial concept to board-level execution, ensuring every transaction aligns with a mission-driven, faith-based mandate.
• Entity & Partnership Buyouts: Identify and negotiate the acquisition of Limited Partner (LP) and General Partner (GP) interests from exiting entities to consolidate portfolio control.
• Capital Structuring: Engineer complex equity and debt stacks, integrating internal capital, co-GP partnerships, institutional endowments, and strategic equity funds to scale the acquisition platform.
• Strategic Exit Management: Execute buyouts utilizing creative deal structures—including non-cash or capital-efficient transfers—leveraging strategic tax advantages and mission-alignment to facilitate partner exits.
• Strategic Reporting: Author high-level investment memos and strategic analysis for the Catholic Homes Board, synthesizing financial returns, risk mitigants, and mission-fit within the 10 counties we serve.

Advanced Financial Engineering & Underwriting

• Portfolio Modeling: Oversee the development of sophisticated acquisition pro formas, including multi-year cash flow projections, development budgets, and sensitivity analyses.
• Regulatory Expertise: Direct the financial structuring of diverse subsidy environments, including LIHTC, Tax-Exempt Bonds, HPD/HDC term sheets, State/City tax exemptions, the HUD 202 program, and rent stabilization frameworks.
• Performance Optimization: Evaluate Year 15 transitions and recapitalization opportunities by synthesizing rent rolls, operating expenses, and audit data into long-term growth strategies.

Deal Sourcing & Pipeline Development

• Market Leadership: Maintain and expand a proprietary pipeline of off-market opportunities through high-level relationships with brokers, property owners, parishes, and community partners.
• Feasibility Oversight: Direct market research initiatives—including sales/rent comps and demographic trends—to identify emerging opportunities for social-service-integrated housing.
• Platform Expansion: Identify and vet new markets and partnership models to broaden the organization’s footprint and impact.

Execution & Due Diligence Management

• Workflow Institutionalization: Establish and lead standardized due diligence workflows, coordinating legal counsel, third-party v