The Division of Property Disposition and Finance seeks an In Rem Deputy Director for the Multifamily Disposition and Finance Programs (MDFP). MDFP is the umbrella program for the Third Party Transfer program and the Multifamily Preservation Loan Program. The Division of Property Disposition and Finance administers multiple loan programs: Affordable Neighborhood Cooperative, (ANCP), Multifamily Preservation Loan Program (MPLP), Third Party Transfer (TPT), and several small home repair and loan programs - which facilitate the rehabilitation of public and privately-owned multifamily buildings throughout New York City.
MDFP disposes and finances city-owned and recently foreclosed distressed properties to facilitate their rehabilitation and preservation as affordable housing. MDFP provides financing in the form of city capital and federal HOME funds to leverage other financing sources, including Low Income Housing Tax Credits, tax-exempt bonds, and private debt and equity.
Due to the incorporation of responsibilities related to the initiation of a in rem Third Party Transfer action by the Department of Finance, the In Rem Deputy Director is tasked with outreach to hundreds of owners of buildings who are candidates for TPT and explaining the program and redemption process; researching all liens and other impediments to the transfer properties; informing owners of payment options and, if necessary and appropriate, referring them to assistance programs. The In Rem Deputy Director also coordinates field inspections and tenant notifications with the two staff members in which he/she directly supervises, as necessary, and coordinates with Law Department and Department of Finance.
The In Rem Deputy Director will be responsible for: analyzing geographic clusters; analyzing strengths and potential risks of developer designations; analyzing trends in redemption and forecasting of future pipelines; developing strategies for effective execution of the In Rem foreclosure process in line with Program goals; preparing supporting materials for the program Director, Assistant Commissioner, and the intergovernmental staff; preparing city land use (UDAAP packages), environmental review, tax abatement packages, and following up on all necessary approvals; assisting in the designation process for possible new owners, which includes evaluating the experience and qualifications of the applicants to establish a list of qualified owners; and liaising and coordinating with other agencies like Department of Buildings, Department of Environmental Control Board, and the Department of Finance, managing all requests to the aforementioned agencies for all TPT properties including removal of civil penalties, charges and tax exemption implementation. In addition, the Deputy Director will coordinate between HPD and Neighborhood Restore on issuance of a Request for Offers and assists in the relationship management of both organizations.
Candidates must have prior real estate experience, strong analytical skills, be detailed-oriented, self-motivated, be able to manage multiple projects and meet competing deadlines.
Candidates must also demonstrate exceptional verbal and written communication skills.
Primary responsibilities will include, but not be limited to:
• Managing, maintaining, updating, analyzing, tracking, and reporting In Rem and Property databases and historical data sets with other City Agencies like Department of Finance (DOF) and Department of Environmental Protection (DEP).
• Acting as a liaison between HPD, DOF, DEP and the Law Department. Analyze and track changes to monthly DOF reports to determine accuracy.
• Contribution to the selection of and building detailed profiles of candidates for upcoming Third Party Transfer Actions. Producing detailed analyses from program data on an ad hoc basis.
• Performing field work by canvassing/site visiting properties in the foreclosure process, prepare building portfolio reports on vacancy and occupied status.
• Performing field inspections requiring the gathering and reporting of data concerning the physical aspects of housing or of building construction or renovation.
• Writing property detail reports including findings of overall building conditions.
• Noticing and outreach to owners/representatives and relevant tenants as appropriate.
• Referring owners and other interested parties to DOF and DEP for consideration of installment agreements and assisting owners as needed.
• Collaborating with HPD’s planning unit to map out clusters of properties. Preparing geographical analysis of the properties and propose potential clustering to the team.
• Attending tenant and community meetings to represent the agency, explain the program, and specific project details.
• Assisting with the preparation of the Request for Qualifications (RFQ) for TPT Rounds which includes scoring and selection of qualified sponsors.
• Working with HPD's internal data-analytics Performance Metrics Analysis, to report information on in rem rounds for both internal and external reports.
• Experience with managing staff.
• Preparing and presenting PowerPoint presentations for senior staff review.
- Knowledge of NYC government, NYC neighborhoods, and housing policies/issues;
- Knowledge of HPD’s Multifamily Disposition and Finance Programs;
- Strong financial background, including underwriting experience;
- Understanding of housing finance tools and methods;
- Understanding of real estate construction and property management;
- Significant project management and leadership experience;
- Strong follow-through and focus on timely results;
- Excellent analytical and research skills;
- Excellent interpersonal skills;
- Ability to work effectively in collaboration with others;
- Excellent written and verbal communication skills;
- Meticulous, organized, and great attention to detail;
- Proficiency of Microsoft Office, specifically Access, Sharepoint, Excel and Powerpoint;
- Candidates with Masters in Urban Planning, Real Estate Finance, Business/Public Administration or related fields are strongly preferred;
- Has NYS Driver License in good standing;
- Proficient in Spanish (spoken and written).
How to Apply:
Please go online and apply at www.nyc.gov/careers . Search for JOB ID# 304095
City Employees: Apply through the Employee Self Service portal (ESS) at www.nyc.gov/ess. Search for JOB ID# 304095
Salary range for this position is: $72,244 - $82,244
NOTE: Only those candidates under consideration will be contacted.
NYC residency required