The New York City Department of Housing Preservation (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.
- We maintain building and resident safety and health
- We create opportunities for New Yorkers through housing affordability
- We engage New Yorkers to build and sustain neighborhood strength and diversity.
HPD is entrusted with fulfilling these objectives through the goals and strategies of “Housing Our Neighbors: A Blueprint for Housing and Homelessness,” Mayor Adams’ comprehensive housing framework. To support this important work, the administration has committed $5 billion in new capital funding, bringing the 10-year planned investment in housing to $22 billion—the largest in the city’s history. This investment, coupled with a commitment to reduce administrative and regulatory barriers, is a multi-pronged strategy to tackle New York City’s complex housing crisis, by addressing homelessness and housing instability, promoting economic stability and mobility, increasing homeownership opportunities, improving health and safety, and increasing opportunities for equitable growth.
The Division of Preservation Finance administers multiple financing programs including the Multifamily Housing Rehabilitation Loan Program (HRP), the Participation Loan Program (PLP), the Housing Preservation Opportunities Program (HPOP), the Green Housing Preservation Program (GHPP), the Primary Prevention Program (PPP), the Third Party Transfer Program (TPT), the Multi-Family Preservation Loan Program (MPLP), the Neighborhood Pillars Program (Pillars), the HUD Multifamily Program (HUD MF), and the LIHTC Portfolio Preservation (Year 15) Program. 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.
The Division of Preservation Finance seeks a Director for Moderate Rehabilitation and Stabilization Loan Programs. Reporting to the Executive Director, Owner Resource and Stabilization Loan Programs, in your role as Director you will manage two loan programs: Green Housing Preservation Program (GHPP) and the Multifamily Housing Rehabilitation Loan Program (MHRP). GHPP is a financing program created in response to a Mayoral initiative to create an energy and water utility cost-reduction program in the small-to-mid-sized multifamily building stock (3-50 units) to maintain affordability, as described in “Housing New York” and “One City Built to Last” mayoral plans. GHPP provides low and no-interest loans to finance moderate rehabilitation and energy efficiency improvements. Financing sources include City Capital funds, and private bank loans as well as a range of energy efficiency sources from utility programs.
HRP provides rehabilitation loans to multifamily affordable housing developments that cannot leverage private financing and only require financing for the replacement of major building systems to improve living conditions and preserve safe affordable housing for low- and moderate-income households in New York City. Low interest loans are available in amounts of up to $35,000 per dwelling unit, subject to the availability of funds.
Under the supervision of the Executive Director, you will oversee a Deputy Director and a pooled project management staff of approximately 17 project managers, including directly supervising multiple Senior Project Manager(s) and/or Assistant Project Manager(s). In your role as Director, you will manage a budget of over $50 million in city funding and be responsible for facilitating the successful development and management of the program’s development pipeline, inclusive of execution of the program’s loan closings, completions and conversions. As director, you will also be responsible for handling administrative functions such as budget forecasting, reporting and compliance requirements. In addition, you will work on program improvements and policy development.
In addition to pipeline management, your role as Director will involved leading and supporting various special program and policy projects, including the continued development and coordination with the Landlord Ambassador Program and Flexible Financing Fund. All programs and initiatives include significant coordination with internal and external stakeholders.
As Director, you will perform duties including, but not limited to the following:
- In collaboration with the Executive Director, develop and implement plans, strategies and tools for effective program management;
- In collaboration with the Executive Director, supervise and provide technical and procedural assistance to a pooled project management staff of approximately 15 project managers
- Identify opportunities for improved processes and procedures for the program, and implement new agency policies and initiatives into the programs and projects.
- In conjunction with the Executive Director, establish appropriate productivity measures for staff and goals and targets for the unit and work effectively with staff to achieve them;
- Establish effective systems for monitoring and tracking the unit’s work;
- Prepare budget and program proposals and in managing a budget of approximately $50 million in city capital and other funding sources;
- Act as a liaison with developers, financial institutions, not for profit organizations and governmental agencies to promote and create affordable housing and energy efficiency and water
conservation and to move Green Preservation development projects forward;
- In conjunction with project management staff, development teams and the Executive Director, prepare, review and interpret development budgets, pro formas, and affordability analyses;
- Perform general project management duties as needed, including construction loan closings, troubleshoot projects in construction, facilitate project completion and prepare recommendations
for work-outs prior to permanent loan conversion.
- Participate in all meetings with development teams and any other meetings, presentations and conferences that pertain to the programs;
- As needed, collaborate with other HPD divisions to identify, monitor and/or resolve site, design, environmental and construction monitoring issues;
- Represent the agency at community meetings, interagency working groups and conferences, as necessary;
- Prepare reports, memoranda and written correspondence regarding program’s performance and issues;
- Expedite and follow up on unit’s 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 of program and other issues as requested
by the Executive Director and the Assistant Commissioner for the Division of Preservation Finance.
Minimum Qual Requirements
- 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 “1” above; or
- 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.
You should have strong managerial experience, a record of achieving results in a fast-paced environment, experience managing programs as well as seeking ways to improve programs and procedures, strong financial analysis skills including financial modeling and financial statement analysis, and be detailed-oriented, self-motivated, and able to manage multiple projects and meet deadlines. As a successful candidate, you should also demonstrate strong verbal and written communication skills. Preference will be given to candidates with: strong management experience, a proven track-record of closing transactions, a strong financial background (including underwriting experience), knowledge of real estate development, affordable housing finance, housing development/lending, and knowledge of HPD development programs, demonstrated analytical skills, and ability to work effectively with others to obtain results promptly. Candidates with Masters in Real Estate Finance, Business Administration, Public Administration or Planning and related fields are strongly preferred. Strong facility with Excel and Word required. Knowledge of Access and PowerPoint preferred.
- PLEASE NOTE*** Any finalist hired into this position will need to take and pass the next Open-Competitive Associate Housing Development Specialist exam that is posted. In addition, 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. Internal candidates must provide proof that they filed for exam #3514 to be qualified.
HPD’s vision is to promote strength and diversity in our workforce and an inclusive and equitable work environment.
This position is open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate in your resume that you would like to be considered for the position under the 55-a Program.
Public Svc Loan Forgiveness
As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at StudentAid.gov/PSLF .
100 Gold Street
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.