Senior Affordable Housing Preservation Lead

New York State Housing Finance Agency; New York (NY); On-site; USD 95,000 - 116,000; Full time

Benefits offered by this job

Health & retirement benefits

Promotional opportunity

Paid time off including holidays

Job summary

New York State Homes and Community Renewal (HCR) seeks a Senior Preservation Programs Manager to support preservation across 4%, 9%, and Mitchell-Lama portfolios. The role partners with developers, owners, and agency units to stabilize properties facing rising costs and financial stress.

You will lead subsidy closings, repositioning strategies, and workouts. You will collaborate with Legal, Data Management, ORSA, and external lenders/investors, overseeing portfolio risk and delinquencies while

Qualifications

• Bachelor’s degree in related field required; advanced degree preferred.
• 5+ years of professional experience in affordable housing.
• LIHTC experience highly preferred.
• Quantitative finance and modeling skills are a plus.
• Familiarity with government housing programs (LIHTC, Mitchell-Lama, Section 8, HOME, RAD) helpful.

Responsibilities

• Evaluate feasibility and eligibility of preservation projects applying for preservation awards.
• Maintain preservation program pipelines and manage internal approvals for subsidy/grant closings.
• Interact with property owners, managers, and developers.
• Review loan documents and regulatory agreements.
• Analyze portfolio-level financial information to identify trends and vulnerabilities.
• Monitor delinquencies and assist with workout strategies for distressed properties.
• Prepare materials for Credit Committee and Board presentations.
• Train staff on preservation program financial review and project management.
• Assess property risk profiles in collaboration with OHP staff.
• Develop timelines and approaches to bring transactions from intake to completion.
• Attend calls/meetings on proposed initiatives or transactions.
• Provide progress reports to senior Agency staff; coordinate with Legal for closings.

Skills

Experience in affordable housing

LIHTC experience

Financial analysis

Financial modeling (Excel)

Communication skills

Housing programs knowledge

Microsoft Office

Education

Bachelor’s Degree in related field

Advanced Degree

Tools

Microsoft Office

Job description

New York State Homes and Community Renewal (HCR) seeks a Senior Preservation Programs Manager to support preservation across 4%, 9%, and Mitchell-Lama portfolios. The role partners with developers, owners, and agency units to stabilize properties facing rising costs and financial stress.

You will lead subsidy closings, repositioning strategies, and workouts. You will collaborate with Legal, Data Management, ORSA, and external lenders/investors, overseeing portfolio risk and delinquencies while