Agency Description: The New York City Department of Housing Preservation & Development (HPD) is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through loan and development programs for new affordable housing, preservation of the affordability of the existing housing stock, enforcement of housing quality standards, and educational programs for tenants and building owners. HPD is tasked with fulfilling the Mayor’s Housing New York: A Five-Borough Ten-Year Plan to create and preserve 200,000 affordable units for New Yorkers at the very lowest incomes to those in the middle class.
Job Description: The Division of Property Disposition and Finance seeks an experienced professional with strong leadership and management abilities to be Executive Director of Homeownership Initiatives. The Executive Director reports to the Assistant Commissioner of Property Disposition and Finance within the Office of Development.
The Executive Director is a new role that will take a broad and cohesive look at HPD’s homeownership-related programs for primarily 1-4 family homes. These include programs that provide funds for qualifying homeowners to make repairs in their homes (NHS, HIP, SCHAP, Project HELP) as well as programs that fund the rehabilitation of existing 1-4 unit properties to create new homeownership opportunities (Small Homes Rehab NYCHA).
The Executive Director will lead the reorganizing & expansion of the repair loan programs and lead the homeownership team to develop new homeownership opportunities to meet the needs of New York City today. The role will provide oversight and support to all aspects of the homeownership, repair loan and note purchase programs. The Executive Director will manage recent homeownership ventures and initiatives within the office of Development. The Executive Director will manage the homeownership team and collaborate with other divisions to create opportunities for the production and preservation of affordable homeownership. The Executive Director will create a network of communication among homeownership initiatives within the agency, sponsors and programs outside of the agency.
The ideal candidate is a creative, analytical, solutions-oriented professional that will look critically at existing programs and determine pathways to update these programs and expand their impact. The Executive Director will work closely with the other homeownership program directors to create and find opportunities to collaborate and build upon existing programs. The Executive Director will drive policy as it relates to homeownership initiatives for New York City. When possible, the Executive Director may create new programs or establish new funding mechanisms related to homeownership and preservation of affordable homeownership. There will be significant contact with not-for-profit partners, developers and affordable housing lenders. The Executive Director will define and negotiate the business and legal terms of their programs.
The Executive Director is expected to prepare and maintain written correspondence, documents, reports, and files regarding all assigned projects. Primary responsibilities will include, but not be limited to:
• In collaboration with the Assistant Commissioner, overseeing the development and implementation of homeownership programs to meet the goals of Housing New York and other initiatives;
• Managing and directing staff, including establishing appropriate productivity measures; supporting staff in achieving programmatic and agency goals, promoting collaboration among staff, promoting a high achievement, overseeing staff in their performance of their responsibilities, and evaluating staff;
• In collaboration with program staff, conducting and/or reviewing underwriting to determine feasibility of proposed projects and proposed loan terms;
• In collaboration with Directors/Deputy Directors, managing the development pipeline for all of the homeownership financing programs and ensuring timely, high-quality closings, completions, and conversions of projects. Assist the Directors/Deputy Directors and their teams to proactively manage projects, troubleshoot, make appropriate recommendations, and ensure all necessary approvals;
• Improving the agency’s ability to serve the 1-4 family housing stock of New York City, as it relates to homeownership;
• Reviewing legal documents with a keen eye on accuracy and intended deed terms;
• Overseeing construction requisition processes; The Department of Housing Preservation & Development and the City of New York is an equal opportunity employer.
• Reviewing and analyzing mortgage notes, regulatory agreements and other related documents requiring understanding and applying of complex regulations;
• Engaging in and leading programmatic policy discussions;
• Managing administrative functions such as budget forecasting, setting productivity goals, tracking/reporting and compliance;
• Reviewing project proposal materials and loan documents prepared by program staff;
• Identify opportunities to train and build out expertise of program staff;
• Managing special projects, including development and implementation of homeownership and homeowner assistance initiatives and strategies;
• Communicating with elected officials, other City agencies, homeowners, developers, lenders, community groups and other stakeholders as necessary, including presenting program materials at interagency meetings, meetings with elected officials and community meetings;
• Representing the Assistant Commissioner on behalf of the agency at internal and external meetings;
• Collaborate with other HPD divisions to achieve agency goals as they relate to homeownership.
Minimum Qualification Requirements
1. A baccalaureate degree from an accredited college or university and six years of full-time, satisfactory professional experience in planning, analysis, finance, coordination and/or development of housing projects or programs; or
2. Graduate study from an accredited college or university in the field of urban studies, city planning, real estate development, public administration, public policy, finance, may be substituted for up to one year of the required experience on the basis of 30 credits for one year.
Preferred Skills
• Candidates should have strong managerial and leadership experience, a record of achieving results in a fast-paced environment, experience managing programs as well as seeking ways to improve programs and procedures, Candidates must able to assess situations and persuade with concise specific solutions ;
• Candidates must demonstrate strong verbal and written communication skills;
• Candidates must have strong financial analysis skills including financial modeling and financial statement analysis, be detail-oriented, self-motivated, be able to manage multiple projects and meet deadlines;
• Prior experience working with homeownership programs;
• Knowledge of housing development/lending and knowledge of HPD development programs
• Demonstrated analytical skills, and ability to work effectively with others to obtain results promptly;
• Knowledge of NYC government and housing issues;
• Significant experience with housing finance, real estate underwriting and financial feasibility analysis;
• Excellent analytical, quantitative and research skills;
• Excellent interpersonal skills;
• Ability to perform complex tasks with limited supervision;
• Excellent written and verbal communication skills;
• Strong facility with Microsoft Word, Excel & Powerpoint.
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.
How to Apply: Please go online and apply at www.nyc.gov/careers . Search for JOB ID# 307157
City Employees: Apply through the Employee Self Service portal (ESS) at www.nyc.gov/ess. Search for JOB ID# 307157
Salary range for this position is: $110,000 - $120,000
NOTE: Only those candidates under consideration will be contacted. NYC residency required