NYC Department of Housing Preservation & Development · 1 day ago
Deputy Director, Moderate Rehabilitation and Stabilization Loan Programs for the Division of Preservation Finance
New York, NY
Full-time
Onsite
Lead/Staff, Director/Executive
$100K/yr - $100K/yr
3+ years expThe New York City Department of Housing Preservation & Development (HPD) promotes quality and affordability in the city's housing. The Deputy Director for Moderate Rehabilitation and Stabilization Loan Programs will assist in the management and administration of the Multifamily Housing Rehabilitation Loan Program, leading a team to ensure timely construction loan closings and overseeing project management responsibilities.
CommunitiesGovernmentProperty DevelopmentReal Estate
Responsibilities
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 in city capital and other funding sources
Review project management staff’s work and ensure adherence to program terms, including underwriting analyses, credit memos, and tax exemption and loan approval packages
In conjunction with the Director, assist project managers in project negotiations with developers and financial institutions
Assist project management staff in their general project management duties as needed, including project development, negotiations and due diligence requirements on construction loan closings, troubleshooting projects in construction, facilitating project completion and preparing recommendations for work-outs prior to permanent loan conversion
Represent the Director and the agency in external (i.e. community meetings, conferences, and inter-agency working groups) and internal meetings (i.e. intra-agency working groups and development team meetings) as necessary
Prepare reports, memoranda and written correspondence regarding program’s performance and issues
Expedite and follow up on programs’ projects with other city agencies, before, during and after construction, as required
Coordinate special projects, conduct policy analyses, initiate research and make recommendations that relate to the management and operations, as well as policy objectives, of the programs and other issues as requested by the Director and the Assistant Commissioner for the Division of Preservation Finance
Qualification
Required
A baccalaureate degree from an accredited college or university and three years of full-time satisfactory professional experience in the development, appraisal, financing, negotiation, or disposition of real estate, or in real estate law, or in urban planning or analytical or coordination work related to housing programs
A four year high school diploma or its educational equivalent approved by a State's Department of Education or a recognized accrediting organization and seven years of full-time satisfactory experience as described in '1' above
A satisfactory combination of education and/or experience which is equivalent to '1' or '2' above
Graduate study in the field of urban studies, city planning, business or public administration, finance, architecture, engineering or other related fields may be substituted for up to one year of the required experience on the basis of 30 credits equaling one year of experience
Graduation from an accredited law school may be substituted for one year of the required experience
However, all candidates must have at least two years of experience as described above
Finalists for this position must have filed for the Open Competitive Associate Housing Development Specialist exam #4122 or promotional exam #4570
The position is open to applicants who are already permanent in the Associate Housing Development Specialist title, or permanent in another comparable civil service title
Applicants must indicate permanent civil service title on their resume
Preferred
Exceptional financial analysis, including financial modeling and financial statement analysis, and problem-solving skills
Detailed-oriented
Self-motivated
Possess an interest in working with low-capacity small building owners
Ability to manage multiple projects and meet deadlines in a fast-paced, often-changing, environment
Strong verbal and written communication skills
Underwriting experience
Knowledge of New York City affordable housing and private lending programs
Negotiating skills
Experience working with small building owners
Ability to work effectively with others to obtain results promptly
Strong facility with Excel and Word required
Candidates with Masters and/or substantial experience in Urban Planning, Real Estate Finance, Business Administration or related fields are strongly preferred
Benefits
Public Service Loan Forgiveness
Company
NYC Department of Housing Preservation & Development
Established in 1978, the New York City Department of Housing Preservation and Development (HPD) is the largest city housing preservation and development agency in the nation.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Ahmed Tigani
First Deputy Commissioner and Chief Diversity Officer
Dave Seliger
Chief Digital Equity Officer
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