New York City Housing Development Corporation Careers

Description

• Lead a team of Asset Managers responsible for construction monitoring and asset managing the Mitchell Lama portfolio.
• Manage construction loans, including but not limited to the following responsibilities:
• Managing the construction budget in compliance with the respective loan documents;
• Reviewing and understanding construction loan documents;
• Evaluating and implementing construction document and contracts;
• Reviewing construction loan change requests (change orders); and
• Working to bring construction loans to completion.
• Troubleshoot issues during construction, determine what the issues are and utilize tools available to the housing agency to bring relief/resolution. 
• Anticipate problems and look to bring resolution through acceptable means
• Analyze a property’s financial issues with the borrower to determine acceptable course of action 
• Oversee the fund requests and authorizations of capital projects from reserve accounts.
• Supervise the Fannie Mae review, approval, and distribution of reports according to the programmatic and regulatory requirements.
• Build strong working relationships with other teams within HDC and HPD to enhance compliance efforts and education.               
• Maintain 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.
• Develop training, materials, and tools to support the staff.  
• Head 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.  
• Participate in interdepartmental projects.  

• A bachelor’s degree from an accredited college plus 3-5 years minimum of relevant experience with federal, state, or local housing programs.
• 3 – 5 years prior supervisory experience managing a team, projects and time-sensitive deadlines.
• Knowledge of NYC Mitchell Lamas, Housing Finance Agency underwriting and HUD Section 8 project compliance a plus.
• Thorough understanding of loan administration, construction lending, and funding procedures.
• 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.

• 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 
• Professional development opportunities  
• Public Service Loan Forgiveness for eligible employees  
• Wellness reimbursement  
• Back-up Caregiver Benefit