The New York City Department of Housing Preservation and Development (HPD) is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through loan and development programs for new affordable housing, preservation of the affordability of the existing housing stock, enforcement of housing quality standards, and educational programs for tenants and building owners.
Your Team:
The Office of Development leads the agency’s effort to implement the Housing New York 2.0 Plan. The Division of Preservation Finance administers multiple programs including the Multifamily Housing Rehabilitation Loan Program (HRP), the Participation Loan Program (PLP), the HUD Multifamily Program, the LIHTC Portfolio Preservation (Year 15) Program, the Housing Preservation Opportunities Program (HPO), the Third Party Transfer Program (TPT), the Multifamily Preservation Loan Program (MPLP), the Green Housing Preservation Program (GHPP) and the Primary Prevention Program (PPP). 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 Housing Plan to create and preserve 300,000 housing units.
Your Impact:
The Division of Preservation Finance seeks a Deputy Director for its HUD Multifamily Program. The HUD Multifamily Program (“HUD MF”), which is housed under the Division of Preservation Finance’s Federally Assisted Programs, serves two major focal points: to preserve existing HUD assisted housing and establish policy to expand the agencies ability to serve seniors living in HUD assisted housing. The Program leverages public resources and private sector financing to rehabilitate, recapitalize and preserve privately-owned U.S. Department of Housing and Urban Development (HUD)-assisted rental housing throughout New York City. HUD MF serves a variety of HUD-assisted properties. The Program is a critical piece of the Mayor’s Housing Plan to preserve housing for very low income and low income households with a focus of serving low income seniors. The Program also targets properties facing expiring HUD use restrictions possibly at risk of opting out of subsidy programs, in financial distress or facing similar challenges to financing acquisition/rehabilitation while maintaining affordability. The unit is responsible for managing a pipeline of projects resulting in the preservation of approximately 2000 units annually, as well as developing and evaluating preservation policies, program direction, and procedure and developing strategies for service delivery in senior assisted buildings.
Your Role:
As Deputy Director, you will work under the supervision of the Director, Federally Assisted Portfolio Preservation Programs to help oversee the agency’s program to preserve physically or financially distressed HUD-assisted properties and those that are approaching expiring use restrictions, at-risk of opting-out of Section 8 affordability restrictions and converting to market rate housing, or facing a HUD foreclosure. In conjunction with the Federally Assisted Director, the Deputy Director (“Deputy”), will assist in the administration of the Program. As the Deputy, you will help oversee a staff of approximately 11, including two assistant project managers, seven project managers, two senior project managers. You will be responsible for maintaining relationships with other regulatory agencies, with a close working relationship wirh HUD, and working effectively with project teams, including existing owners and developers, syndicators, lenders and other key internal and external stakeholders.
Your Responsibilities:
As Deputy, you will perform duties including, but not limited to the following:
Minimum Qual Requirements
1.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; or
2. 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; or
3.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.
Preferred Skills
Demonstrated management experience and ability to manage multiple staff in a fast paced environment is strongly preferred. Candidates must have strong financial analysis skills including financial modeling and financial statement analysis, be detailed-oriented, self-motivated, be able to manage multiple projects and meet competing deadlines. You must also demonstrate strong verbal and written communication skills. Preference will be given to candidates with: a strong financial background (including underwriting experience), knowledge of affordable housing development/lending and knowledge of HPD development programs and specifically, demonstrated analytical skills, and ability to work effectively with others to obtain results promptly. You should possess strong facility with Excel and Word. Candidates with Masters in Urban Planning, Real Estate Finance, Business/Public Administration or related fields are strongly preferred.
To Apply
Apply Online
55-a Program
This position is opened to qualified persons with a disability who are eligible for the 55-a Program. Please indicate on your resume that you would like to be considered for the position under the 55-a program.
Work Location
100 Gold Street
Residency Requirement
New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.
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