Deputy Director, Mixed-Income Programs - Division of New Construction Finance

Job Type

Full Time

Published

09/24/2018

Address

New York
New York
United States

Description

Deputy Director, Mixed-Income Programs - Division of New Construction Finance


The New York City Department of Housing Preservation & 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. HPD is tasked with fulfilling the Mayor’s Housing New York: A Five-Borough Ten-Year Plan to create and preserve 300,000 affordable units for New Yorkers at the very lowest incomes to those in the middle class. 


HPD’s Division of New Construction Finance (NCF) is part of the Office of Development which oversees implementation of the Housing New York plan to produce 300,000 units of affordable housing in New York City. NCF, in collaboration with other government partners, will create approximately 4,000 units of new housing each year for extremely low to middle income households. NCF administers five loan programs: 1) Extreme Low & Low Income Program (ELLA), 2) the Mixed Income Program (Mix-and-Match), 3) Mixed-Middle Income (M2) Program, 4) Neighborhood Construction Program (NCP), and 5) the New Infill Homeownership Opportunities Program (NIHOP).


HPD’s Division of New Construction Finance (NCF) seeks to hire a Deputy Director for its Mixed-Income Programs, in the Multi-family New Construction Programs who will be responsible for managing a pipeline of Mixed-Income projects and providing guidance and troubleshooting support on complexities that arise across the Mix-and-Match and M2 loan program portfolio. The Deputy Director will help to identify, evaluate and scope out an expanded pipeline that will help the Division reach the ambitious production goals set out in Housing New York. 


Key Responsibilities

The Deputy Director of Mixed Income Programs will report to the Director of Mixed Income and will work closely with division staff to produce low income housing. The Deputy Director’s duties will include but not be limited to: 


Managing an extensive portfolio of Mixed Income loans where they will act as a development content expert for Mixed Income projects across the division and will serve as main contact for project sponsors, consultants, government agencies and internal agency departments. Responsibilities include:

• Reviewing project pro formas and performing other loan underwriting activities;

• Evaluating proposals for site, financial, and development feasibility;

• Tracking, anylizing and reporting on status of projects in predevelopment and closing pipelines;

• Supporting negotiations relating to deal structure, funding commitments and other project requirements on behalf of HPD;

• Assisting in the preparation of applications for additional capital and operating funds including tax credits, rental assistance and service funding;

• Supporting work with architects, sponsors and HPD design review staff to ensure high-quality, sustainable cost-efficient design;

• Reviewing and coordinating submissions of required CEQR, NEPA and other environmental review reports;

• Coordinating submissions of ULURP applications for UDAAP and disposition of City-owned property;

• Working with HPD s legal department to collect and prepare loan closing documentation;

• Coordinating construction loan and syndication closings;

- Confirming accurate tracking and reporting of key project issues, including timing of project loan closings, construction status, project completion and budget close outs.

 

In addition to the tasks described above, the Deputy Director may also be tasked with tracking workflow across the Division, participating in the development of RFPs and policy related projects, and assisting the Assistant Commissioner and others with time-sensitive research and report production and additional administrative activities as required.


The position requires a candidate with excellent personal communication and leadership skills, and a demonstrated capacity for the performance of multiple tasks and independent judgment. Candidates should have demonstrated analytical skills and work comfortably with Microsoft Excel. In addition, candidates should have demonstrated capacity and experience analyzing development proposals using knowledge of financing tools including low income housing tax credits and bond financing. There is a strong preference for candidates with significant real estate development experience, knowledge of and interest in the development of affordable housing, housing for the homeless and related social services, knowledge of the construction process and experience with loan underwriting and project scheduling.


In addition to the tasks described above, the individual hired will be expected to take on additional tasks as time allows which may include tracking workflow across the Office of Development, participating in the development of RFPs, assisting the team directors and others with time-sensitive research and report production and additional administrative activities as required.


Preferred Skills:

Strong preference for candidates who possess:

• Knowledge of or experience working with NYC capital development sources and underwriting for affordable housing, Experience with the construction process, ability to read schematic architectural drawings and understand zoning calculations, 

• Ability to read and understand loan documents, experience with budgeting and project scheduling, 

• Proficiency using Microsoft Office suite

• Demonstrated capacity for performing multiple tasks, analyzing complex processes, using independent judgment, and conducting difficult negotiations while maintaining a sense of humor. 

• Excellent interpersonal and communication skills.


Minimum Qualification Requirements:

1. A baccalaureate degree from an accredited college or university and two years of full-time, satisfactory professional experience in planning, analysis, coordination and/or development of housing projects or programs; or

2. Graduate study from an accredited college or university in the field of urban studies, city planning, real estate development, public administration, public policy, finance, community organization, architecture, or urban design, may be substituted for up to one year of the required experience on the basis of 30 credits for one year.


However, all candidates must have at least a baccalaureate degree and one year of the experience described in "1" above.


How to Apply:

Please go online and apply at www.nyc.gov/careers . Search for JOB ID# 355679

City Employees: Apply through the Employee Self Service portal (ESS) at www.nyc.gov/ess. Search for JOB ID# 355679


Salary range for this position is: $80,000 - $90,000


NOTE: Only those candidates under consideration will be contacted.


NYC residency required 


The Department of Housing Preservation & Development and the City of New York is an equal opportunity employer.  


Professional Level

None specified

Minimum Education Required

No requirement


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