NYC Department of Housing Preservation & Development
Deputy Director, HUD Multifamily Program for the Division of Preservation Financ
NYC Department of Housing Preservation & Development, New York, New York, us, 10261
Deputy Director, HUD Multifamily Program for the Division of Preservation Finance
The New York City Department of Housing Preservation & Development (HPD) is seeking a Deputy Director for its HUD Multifamily Program. The successful candidate will work under the supervision of the Director, Federally Assisted Portfolio Preservation Programs to help oversee the agency’s HUD Multifamily program to preserve physically or financially distressed HUD-assisted properties. The Division of Preservation Finance administers multiple financing programs, including the Multifamily Housing Rehabilitation Loan Program (HRP), the Participation Loan Program (PLP), and the Housing Preservation Opportunities Program (HPO). The Deputy Director will be responsible for maintaining relationships with other regulatory agencies, working effectively with project teams, and overseeing a staff of approximately five. Responsibilities: Review development budgets, pro formas, affordability analyses, and draft internal and external documents for accuracy and negotiated terms; Establish appropriate goals and targets for the Program and work with staff to achieve them; Prepare budget requests and assist in managing a budget of combined city funding sources; Track progress on an annual pipeline of roughly 30 preservation projects, proactively identifying and resolving or recommending solutions to resolve issues or barriers that could delay or jeopardize project closings; 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; Act as a liaison with HUD, developers, financial institutions, not-for-profit organizations, and governmental agencies to move preservation projects forward; Assist the Federally Assisted Director with the development and implementation of plans, strategies, and tools for effective program management; Participate in all meetings with development teams and any other meetings, presentations, and conferences that pertain to the Program; Prepare reports, memoranda, and written correspondence regarding Program’s performance and issues; Perform general project management duties, as needed; Represent the agency at community meetings and conferences, as necessary; Coordinate policy analyses and research as it relates to management and operations of the Program; Special projects as requested by the Federally Assisted Director or Associate Commissioner for the Division of Preservation; Preferred Skills: Demonstrated management experience and ability to manage multiple staff in a fast-paced environment; Strong financial analysis skills, including financial modeling and financial statement analysis; Detail-oriented, self-motivated, and able to manage multiple projects and meet competing deadlines; Strong verbal and written communication skills; Preference will be given to candidates with a strong financial background, knowledge of affordable housing development/lending, and knowledge of HPD development programs; Strong facility with Excel and Word; Candidates with a Master's in Urban Planning, Real Estate Finance, Business/Public Administration, or related fields are strongly preferred. 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; 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 minimum qualifications; A satisfactory combination of education and/or experience which is equivalent to the minimum qualifications. The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic.
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The New York City Department of Housing Preservation & Development (HPD) is seeking a Deputy Director for its HUD Multifamily Program. The successful candidate will work under the supervision of the Director, Federally Assisted Portfolio Preservation Programs to help oversee the agency’s HUD Multifamily program to preserve physically or financially distressed HUD-assisted properties. The Division of Preservation Finance administers multiple financing programs, including the Multifamily Housing Rehabilitation Loan Program (HRP), the Participation Loan Program (PLP), and the Housing Preservation Opportunities Program (HPO). The Deputy Director will be responsible for maintaining relationships with other regulatory agencies, working effectively with project teams, and overseeing a staff of approximately five. Responsibilities: Review development budgets, pro formas, affordability analyses, and draft internal and external documents for accuracy and negotiated terms; Establish appropriate goals and targets for the Program and work with staff to achieve them; Prepare budget requests and assist in managing a budget of combined city funding sources; Track progress on an annual pipeline of roughly 30 preservation projects, proactively identifying and resolving or recommending solutions to resolve issues or barriers that could delay or jeopardize project closings; 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; Act as a liaison with HUD, developers, financial institutions, not-for-profit organizations, and governmental agencies to move preservation projects forward; Assist the Federally Assisted Director with the development and implementation of plans, strategies, and tools for effective program management; Participate in all meetings with development teams and any other meetings, presentations, and conferences that pertain to the Program; Prepare reports, memoranda, and written correspondence regarding Program’s performance and issues; Perform general project management duties, as needed; Represent the agency at community meetings and conferences, as necessary; Coordinate policy analyses and research as it relates to management and operations of the Program; Special projects as requested by the Federally Assisted Director or Associate Commissioner for the Division of Preservation; Preferred Skills: Demonstrated management experience and ability to manage multiple staff in a fast-paced environment; Strong financial analysis skills, including financial modeling and financial statement analysis; Detail-oriented, self-motivated, and able to manage multiple projects and meet competing deadlines; Strong verbal and written communication skills; Preference will be given to candidates with a strong financial background, knowledge of affordable housing development/lending, and knowledge of HPD development programs; Strong facility with Excel and Word; Candidates with a Master's in Urban Planning, Real Estate Finance, Business/Public Administration, or related fields are strongly preferred. 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; 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 minimum qualifications; A satisfactory combination of education and/or experience which is equivalent to the minimum qualifications. The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic.
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