Location: New York,NY, USA
Job Description
About the Agency:
The New York City Department of Housing Preservation Development (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the citys 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 citys history. This investment, coupled with a commitment to reduce administrative and regulatory barriers, is a multi-pronged strategy to tackle New York Citys 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.
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Your Team:
The Division of Special Needs Housing (DSNH), within the Office of Development, administers three loan programs/initiatives: the Supportive Housing Loan Program (SHLP), the Senior Affordable Rental Apartments (SARA) program, and Homeless Housing Strategic Initiatives (HHSI).
Your Impact:
HPD's Senior Affordable Rental Apartments (SARA) Program provides gap financing in the form of low interest loans and leverages other financing sources including Low-Income Housing Tax Credits, tax-exempt bonds, Project-Based Section 8, and private debt and equity to support the construction and renovation of affordable housing for seniors. SARA projects must also include a 30% homeless set-aside.
Your Role:
In your role as the Deputy Director of SARA, you will assist the Director of SARA in overseeing a team of Project Managers and managing all aspects of SARA projects in order to reach the ambitious production goals set out in Housing Our Neighbors. You will work in close coordination with the other loan programs within the Division of Special Needs Housing, other divisions within the Office of Development and across HPD, and in partnership with other City, state, and federal agencies on issues relating to the development of affordable senior housing development.
Your Responsibilities:
As Deputy Director of SARA, your duties will include but not be limited to:
- Working closely with the Director in management of the SARA pipeline - including new proposal review, predevelopment, due diligence, and loan closings, tracking project completions, conversions, and rent up.
- Working with the Director to supervise and provide technical and procedural assistance to Project Managers throughout the housing development process including, but not limited to, underwriting and document review, negotiating deal structure and funding commitments, and tracking of due diligence.
- Tracking and reporting of key program issues and pipeline milestones, including project closings, construction status, project completion, and project rent-up.
- Serving as a mentor for Project Managers through onboarding, training, providing professional development, and otherwise establishing themselves as a key resource.
- Managing special projects, including development and implementation of senior housing initiatives, strategies, and innovations in conjunction with other City agencies.
- Communicating with interagency partners and external parties to facilitate program goals and policies. - Leading and coordinating program participation in Request for Proposal (RFP) reviews.
- Other responsibilities and initiatives as may be required to ensure the success of the Division, the Office of Development, and the Agency.
As the ideal candidate, you should have strong financial analysis skills, including financial modeling and analysis; be detailed-oriented; self-motivated; able to independently manage multiple projects; make policy recommendations; exhibit exceptional analytical, problem-solving and negotiating skills; and demonstrate experience in meeting competing deadlines. You should also demonstrate strong verbal and written communication skills. The Department of Housing Preservation & Development and the City of New York is an equal opportunity employer. Candidates must also have demonstrated interest in and experience with supportive housing, senior housing, New York City homeless housing programs and related social service programs.
Preferred skills
- Interest in community development, urban planning, affordable housing and real estate finance;
- Knowledge of New York City affordable housing and private lending programs;
- At least 2 years of underwriting experience;
- Advanced computer skills including competency in full Microsoft Office suite, especially Excel;
- Capacity to simultaneously work on multiple tasks and set priorities for a challenging workload while maintaining a sense of humor;
- Strong interpersonal and communication skills;
- Excellent writing and editing skills; and
- 2-3 years of applicable experience working in a fast-paced and often-changing environment.
Additional Information:
***PLEASE NOTE*** Any finalist hired into this position will need to have passed the Associate Housing Development Specialist exam or already permanent in the Associate Housing Development Specialist title, or permanent in another comparable civil service title. Candidates must provide proof of passing.
Qualifications
1.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
2. 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
3.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.
Additional Information
The City of New York 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.