Director, Federally Assisted Portfolio Preservation Programs for the Division of Preservation Finance
cityofnewyork
Job at a glance
Job Description About the Agency: The Department of Housing Preservation and Development (HPD) oversees housing standards across all 3.7 million homes in New York City. As the nation’s largest municipal housing agency, HPD is responsible for building and preserving affordable housing, protecting tenants from harassment and displacement, and holding landlords accountable across the five boroughs. Under Commissioner Dina Levy and the Mamdani Administration, HPD is pursuing an ambitious housing agenda focused on the needs of New York’s tenants.
With a broad set of tools including standards enforcement, tenant resources, and the creation of new affordable housing, HPD is committed to making New York City a more affordable place for renters and homeowners alike.________________________________________ Your Team: The Office of Development (OOD) leads the agency’s effort to create and preserve housing in collaboration with other HPD offices as well as other city, state and federal agencies.
The Office of Development is composed of eight divisions that administer a range of programs: - New Construction Finance - Special Needs Housing - Building and Land Development Services (BLDS) - Homeownership Opportunities and Preservation - Preservation Finance - Portfolio Management and Conversions - Housing Incentives - Compliance and Enforcement The Division of Preservation Finance administers multiple financing programs to improve financial and physical conditions and preserve or create affordability within privately-owned multi-family and single-family buildings.
The division oversees programs utilizing low-cost loans and property tax benefits among other public incentives. Your Impact: As a Director, you will work with and support the Executive Director, Federally Assisted Portfolio Preservation Programs. The Executive Director oversees Preservation Finance’s HUD Multifamily, Supportive Preservation and Low-Income Housing Tax Credit Preservation (Year 15) Programs.
Programs focus on portfolios of projects in the five boroughs that have previously received federal assistance via LIHTC (4% and 9%s) and/or where a majority of the units are covered by a form of project-based rental assistance administered by HUD’s Office of Multifamily Housing or where there are supportive housing projects including those that contain NYC 15/15 units. Your Role In your role, you will collaborate with the Executive Director to lead a team of Deputy Directors, Senior Project Managers, Project Managers, and Assistant Project Managers working on HUD Multifamily and Year 15 transactions.
You will track this pipeline of transactions in an efficient and timely manner to hit annual housing plan goals. This tracking includes managing and successfully deploying a budget of city funding, executing HUD Multifamily and Year 15 loan or tax exemption closings, completions, and conversions. As Director, you will be responsible for handling administrative functions such as budget forecasting, reporting and compliance requirements.
You will work on program improvements and policy development. You will play a large role in hiring new team members, training and mentoring, providing constructive feedback (including regular performance appraisals), and resolving human resources related questions and concerns. Your Responsibilities As the 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 project management staff of approximately 15 project managers and deputy directors - Identify opportunities for improved processes and procedures for the program, and implement new agency policies and initiatives into the programs and projects.
Provide policy and process feedback on initiatives or proposals within the division, part