NYC Department of Housing Preservation & Development
Deputy Director, Leveraged Preservation Programs for the Division of Preservatio
NYC Department of Housing Preservation & Development, New York, New York, us, 10261
Overview
Deputy Director, Leveraged Preservation Programs for the Division of Preservation Finance, NYC Department of Housing Preservation & Development. Base pay range: $86,749.00/yr - $100,000.00/yr. This role supports the Office of Development and the Division of Preservation Finance, which administers financing programs to preserve affordability and housing throughout New York City. HPD is guided by the Blueprint for Housing and Homelessness and related city-wide housing initiatives. 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. HPD works to fulfill objectives through the goals and strategies of the Blueprint, supported by substantial capital investment to address housing affordability and stability. Your Team
The Office of Development (OOD) leads HPD’s effort to create and preserve affordable housing, in collaboration with other HPD offices and city, state, and federal agencies. The division includes 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 HRP, PLP, HPO, CPAR, HUD MF, TPT, MPLP, Pillars, and LIHTC Portfolio Preservation to support private ownership housing in NYC. Your Impact
The Division seeks an experienced professional to be Deputy Director, Leveraged Preservation Programs. Under the supervision of the Director, Leveraged Preservation Programs, you will oversee the agency’s Leveraged Financing Programs, which pair tax incentives and public subsidy with private funding to meet project needs and preserve affordability. Your Role
Under the supervision of the Director, Leveraged Preservation Programs, the Deputy Director will assist in the administration of the Program and gain management experience while honing underwriting and problem-solving skills. Programs provide financing in the form of City capital to leverage other financing sources including Low Income Housing Tax Credits, tax-exempt bonds, and private debt and equity. Your Responsibilities
As Deputy, you will perform duties including, but not limited to the following: Track progress on an annual pipeline of preservation projects Coordinate with internal and external loan servicers on construction and permanent loan servicing terms Review and analyze existing mortgage notes, regulatory agreements and other related documents to help determine preservation strategy Participate in all meetings with development teams and any other meetings, presentations, and conferences that pertain to the Program Perform general project management duties, as needed Assist the Director with the development and implementation of plans, strategies and tools to effectively manage programs while identifying solutions Work with the Director to supervise and provide technical and procedural assistance to staff Oversee the timely input of information by staff into the agency databases In conjunction with the Director, establish appropriate productivity measures for staff and goals and targets for the unit and work effectively with staff to achieve them Identify property clusters for development and match with qualified owner/developers In conjunction with the Director and project management staff, oversee preparation and review of development budgets, affordability analyses, design review and approval, tenant relocation and other pre-development issues to ensure timely construction loan closings to meet targets Supervise and review the underwriting of deals and the preparation of packages for credit committee, as well as the production of commitment letters Prepare reports, memoranda and written correspondence regarding Program’s performance and issues Lead communication with other City agencies, tenants, developers, lenders, community groups and other stakeholders as necessary, including presenting program materials at interagency meetings, meetings with elected officials and tenant meetings Troubleshoot projects in construction, facilitate project completion and prepare recommendations for work-outs prior to permanent loan conversion Assist the Director in overseeing the prequalification process for entities eligible for designation as new owners of City-owned and recently foreclosed TPT properties; including drafting and issuing RFQs and evaluating applicants' experience and qualifications Prepare reports, memoranda and written correspondence regarding both programs' performance and issues Coordinate special projects, conduct policy analyses, initiate research and make recommendations that relate to the management and operations of program Special projects as requested by the Program Director or Associate Commissioner for the Division of Preservation Minimum Qualifications 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 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 the preceding item; or A satisfactory combination of education and/or experience equivalent to the above. Graduate study may substitute for up to one year of experience; for all candidates, at least two years of experience is required. Additional Information Equal Opportunity Employer statement: The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment free from discrimination and harassment based on legally protected status or protected characteristics. Residency: NYC residency is generally required within 90 days of appointment. Some exceptions apply for certain titles and circumstances; discuss with the agency representative at the time of interview. Public Service Loan Forgiveness and other programs may be available. For more information, visit studentaid.gov/pslf/.
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Deputy Director, Leveraged Preservation Programs for the Division of Preservation Finance, NYC Department of Housing Preservation & Development. Base pay range: $86,749.00/yr - $100,000.00/yr. This role supports the Office of Development and the Division of Preservation Finance, which administers financing programs to preserve affordability and housing throughout New York City. HPD is guided by the Blueprint for Housing and Homelessness and related city-wide housing initiatives. 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. HPD works to fulfill objectives through the goals and strategies of the Blueprint, supported by substantial capital investment to address housing affordability and stability. Your Team
The Office of Development (OOD) leads HPD’s effort to create and preserve affordable housing, in collaboration with other HPD offices and city, state, and federal agencies. The division includes 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 HRP, PLP, HPO, CPAR, HUD MF, TPT, MPLP, Pillars, and LIHTC Portfolio Preservation to support private ownership housing in NYC. Your Impact
The Division seeks an experienced professional to be Deputy Director, Leveraged Preservation Programs. Under the supervision of the Director, Leveraged Preservation Programs, you will oversee the agency’s Leveraged Financing Programs, which pair tax incentives and public subsidy with private funding to meet project needs and preserve affordability. Your Role
Under the supervision of the Director, Leveraged Preservation Programs, the Deputy Director will assist in the administration of the Program and gain management experience while honing underwriting and problem-solving skills. Programs provide financing in the form of City capital to leverage other financing sources including Low Income Housing Tax Credits, tax-exempt bonds, and private debt and equity. Your Responsibilities
As Deputy, you will perform duties including, but not limited to the following: Track progress on an annual pipeline of preservation projects Coordinate with internal and external loan servicers on construction and permanent loan servicing terms Review and analyze existing mortgage notes, regulatory agreements and other related documents to help determine preservation strategy Participate in all meetings with development teams and any other meetings, presentations, and conferences that pertain to the Program Perform general project management duties, as needed Assist the Director with the development and implementation of plans, strategies and tools to effectively manage programs while identifying solutions Work with the Director to supervise and provide technical and procedural assistance to staff Oversee the timely input of information by staff into the agency databases In conjunction with the Director, establish appropriate productivity measures for staff and goals and targets for the unit and work effectively with staff to achieve them Identify property clusters for development and match with qualified owner/developers In conjunction with the Director and project management staff, oversee preparation and review of development budgets, affordability analyses, design review and approval, tenant relocation and other pre-development issues to ensure timely construction loan closings to meet targets Supervise and review the underwriting of deals and the preparation of packages for credit committee, as well as the production of commitment letters Prepare reports, memoranda and written correspondence regarding Program’s performance and issues Lead communication with other City agencies, tenants, developers, lenders, community groups and other stakeholders as necessary, including presenting program materials at interagency meetings, meetings with elected officials and tenant meetings Troubleshoot projects in construction, facilitate project completion and prepare recommendations for work-outs prior to permanent loan conversion Assist the Director in overseeing the prequalification process for entities eligible for designation as new owners of City-owned and recently foreclosed TPT properties; including drafting and issuing RFQs and evaluating applicants' experience and qualifications Prepare reports, memoranda and written correspondence regarding both programs' performance and issues Coordinate special projects, conduct policy analyses, initiate research and make recommendations that relate to the management and operations of program Special projects as requested by the Program Director or Associate Commissioner for the Division of Preservation Minimum Qualifications 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 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 the preceding item; or A satisfactory combination of education and/or experience equivalent to the above. Graduate study may substitute for up to one year of experience; for all candidates, at least two years of experience is required. Additional Information Equal Opportunity Employer statement: The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment free from discrimination and harassment based on legally protected status or protected characteristics. Residency: NYC residency is generally required within 90 days of appointment. Some exceptions apply for certain titles and circumstances; discuss with the agency representative at the time of interview. Public Service Loan Forgiveness and other programs may be available. For more information, visit studentaid.gov/pslf/.
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