Asset Management Director, Preservation Programs

New York City Housing Development Corporation; New York (NY); On-site; USD 100,000 - 115,000; Full time

Job summary

Join a forward-thinking public benefit corporation as the Asset Management Director for Preservation Programs. This pivotal role involves overseeing construction loans and managing a diverse portfolio of Mitchell-Lama properties. You will lead a dedicated team, ensuring compliance with NYC regulations while fostering strong relationships with stakeholders. Your expertise in loan administration and construction lending will be crucial as you navigate the complexities of affordable housing finance. This dynamic position offers an opportunity to make a significant impact on community development in New York City, all while enjoying a competitive salary and comprehensive benefits.

Benefits

Health Benefits

Dental and Vision Benefits

Retirement Savings Plan

Paid Holiday and Vacation

Public Service Loan Forgiveness

Wellness Reimbursement

Back-up Caregiver Benefit

Qualifications

• Bachelor's degree with 3-5 years of relevant experience in housing programs.
• Knowledge of NYC Mitchell Lamas and HUD Section 8 compliance preferred.

Responsibilities

• Lead Asset Managers in monitoring the Mitchell Lama portfolio.
• Oversee fund requests and authorizations of capital projects.
• Maintain property data and prepare reports to analyze risks.

Skills

Loan Administration

Construction Lending

Project Compliance

Analytic Skills

Communication Skills

Organizational Skills

Education

Bachelor's Degree

Tools

Microsoft Office

Job description

Asset Management Director, Preservation Programs

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Asset Management Director, Preservation Programs

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The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City.

Area of Talent: Asset Management/Preservation Programs

Position Type: Full Time/Exempt

Salary Range: $100,000 – $115,000annually

Position Summary:

The Director of Preservation Programs reports to the Vice President, Preservation Programs, and oversees a portfolio of construction loans and Mitchell-Lama properties including both mortgage requirements and NYC rules for Mitchell Lamas, budget, and financial aspects of construction lending, and maintaining, analyzing, and reporting on property data.

Job Responsibilities:

• Lead a team of Asset Managers responsible for monitoring the Mitchell Lama portfolio and managing construction loan budgets and advances.
• Build strong working relationships with other teams within HDC and HPD to enhance compliance efforts and education.
• Supervises the Fannie Mae review, approval, and distribution of reports according to the programmatic and regulatory requirements.
• Oversees the fund requests and authorizations of capital projects from reserve accounts and loan proceeds.
• Maintains property data and prepares reports and status accounts to analyze potential risks and concerns within the portfolio.
• Establish and maintain relationships with project owners, managing agents and various governmental agencies.
• Manage inquires from residents, attorneys, elected officials, owners, or managing agents and provide timely and detailed responses substantiated by HDC regulatory and programmatic guidelines.
• Presenting / representing HDC at on-site board and tenant meetings as needed.
• Develop training, materials, and tools to support the staff.
• Heads detailed internal staff meetings that provide programmatic information and guidance.
• Review credit memos and supporting schedules prior to Credit Committee submission.
• Streamline existing and create new processes ands systems to maximize the Department’s productivity and oversight capabilities.

Required Qualifications:

• A bachelor’s degree from an accredited college plus 3-5 years minimum of relevant experience with federal, state, or local housing programs.
• Knowledge of NYC Mitchell Lamas and HUD Section 8 project compliance a plus.
• Thorough understanding of loan administration, construction lending, and funding procedures.
• 3 – 5 years prior supervisory experience managing team projects and time-sensitive deadlines.
• Superior organizational, analytic, and problem-solving skills with excellent attention to detail.
• Strong interpersonal, verbal, and written communication skills.
• Ability to build relationships with staff executives and external partners.
• Proficiency in Microsoft Office.

It is strongly preferred that you submit a cover letter with your resume. You may also fax your resume and cover letter to [phone].

HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits, including:

• Health Benefits at a reasonable cost
• Dental and Vision Benefits at no cost
• Retirement savings plan with a generous match and a pension plan
• Paid holiday, vacation, sick time and parental leave
• Public Service Loan Forgiveness for eligible employees
• Wellness reimbursement
• Back-up Caregiver Benefit

HDC 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, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

HDC is committed to the full inclusion of all qualified individuals. As part of this commitment, HDC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please complete the reasonable accommodations section on the application or contact Human Resources by emailing [e-mail].

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Project Management

• Industries

  Banking and Financial Services

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

Paid maternity leave

Student loan assistance

Disability insurance

Child care support

Pension plan

Paid paternity leave

Tuition assistance

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