About the Agency:
The New York City Department of Housing Preservation (HPD) promotes quality and affordability in the city’s housing, and diversity and strength in the city’s 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 city’s history. This investment, coupled with a commitment to reduce administrative and regulatory barriers, is a multi-pronged strategy to tackle New York City’s 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.
Your Team:
The Division of Portfolio Management & Conversions in the Office of Development manages development projects after closing with an initial loan to ensure compliance with program requirements through the conversion of the loan to permanent financing as part of the City’s ambitious Housing New York affordable housing plan. This involves managing due diligence requirements, establishing new rent stabilized rents, and other tasks. The Deputy Director will directly oversee and supervise a team of eight or more staff.
Your Impact:
You will help lead the team while working to improve the overall productivity and work quality of a unit that is undergoing a significant increase in work volume while transforming the way it does business. The ability to prioritize, track, shepherd, and trouble-shoot a complex workload and effectively galvanize team members and stakeholders within tight deadlines is critical.
As the Deputy Director for the Division, you will supervise and manage the work of the conversion coordinators who communicate with sponsors regarding HPD requirements and timing, review due diligence documentation, confirm that projects are meeting their regulatory and programmatic obligations including rental income metrics, and facilitate conference calls with partners. This work involves multiple internal and external partners, including developers, tenants, and lenders, and may also involve coordination of rental subsidies, rent increases or resolution of issues related to housing code, legal, underwriting and/or other issues.
Your Role:
The Deputy Director will be responsible for overseeing the management of the conversion coordinators, assigning projects, leading check-in calls with other divisions, and will be involved in the development of and establishment of new standards and practices for the division with the goal of making the team more proactive and accountable for the success of projects between initial construction loan closing and the conversion to permanent financing. The Deputy Director will also advise and assist the Director of Portfolio Management and Conversions in the effective overall management of the division.
Your Responsibilities:
Responsibilities will include, but not be limited to:
• Supervision of the staff responsible for loan conversions, including day-to-day management and administrative tasks;
• Overseeing the rent restructuring process to ensure new rent orders are timely and accurate;
• Producing and managing the conversion project tracking sheet;
• Managing the project intake system, assigning new projects to staff, and coordinating work assignments;
• Leading weekly conversion tracking check-in calls with staff and monthly coordination meetings with production units in Office of Development;
• Anticipating and resolving conversion related problems including project issues with individual staff, and larger operational and policy and coordination issues with other work units;
• Training new staff, and training existing staff on policies and practices;
• Creating and implementing new reporting and other management tools;
• Establishing and overseeing quality control measures to ensure processes are followed;
• Standardizing and documenting procedures;
• Leading the division’s relationship with the agency’s technology team to better utilize resources;
• Working on conversion projects as a conversion coordinator, when needed.
In addition to the tasks described above, the individual will be expected to take on additional tasks and assist with team projects, as time allows.
***To be considered for this position, candidates must be permanent in the Associate Housing Development Specialist title or another comparable Civil Service title, or have filed to take the upcoming Open-Competitive or Promotional Associate Housing Development Specialist Exam (Exam #3053 or Exam# 3514).
If you are hired provisionally in the Associate Housing Development Specialist title, you must take and pass the Civil Service exam when it becomes available, to be eligible for continued employment.
Minimum Qual Requirements
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.
Preferred Skills
• Management and operational experience, including demonstrated success leading teams, implementing change, managing growth and improving productivity and work quality;
• Outstanding communication skills;
• Proven interest in community development, urban planning, affordable housing, or real estate finance;
• Knowledge of New York City affordable housing and private lending programs;
• Ability to read and understand loan documents and experience with project scheduling;
• Advanced computer skills including in Microsoft Office suite, and with data analytics;
• Strong interpersonal and communication skills;
• Demonstrated capacity for performing and prioritizing multiple tasks, managing projects to deadlines, and using independent judgment, in a professional and appropriate manner;
• Ability to work well with multiple stakeholders and priorities;
• Real estate development, law, finance, project management or related experience a plus.
Additional Information
In addition, the Department of Housing Preservation & Development offers competitive salaries and the following benefits: Generous Pension Plans (The New York Employees’ Retirement System);
401(k) and Roth 457(k) Retirement Savings Programs; U.S. Savings Bonds Flexible Spending Program; Health Benefits, Dental, Vision Coverage, Prescription Drug Program; Training and Professional Development; Opportunity for Scholarship; ‘College Savings Program; Paid Holidays and Generous Annual Leave.
HPD’s vision is to promote strength and diversity in our workforce and an inclusive and equitable work environment.
To Apply
Apply Online.
55-a Program
This position is also open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate at the top of your resume and cover letter that you would like to be considered for the position through the 55-a Program.
Public Svc Loan Forgiveness
As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at StudentAid.gov/PSLF .
Work Location
100 Gold Street, NY, NY 10038
Residency Requirement
New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.
POSTING DATE
07/14/2023
POST UNTIL
09/12/2023
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.