Overview: This position will play a key role in the oversight and performance of NHPF’s growing multi-family portfolio. It is anticipated that this position’s responsibilities will increase proportionally with the growth of the portfolio.

Reports To: Senior Vice President – Asset Management

Location:  New York City or Washington, D.C.

HPD’s Division of New Construction Finance (NCF) is part of the Office of Development which oversees implementation of the Housing New York plan to produce 200,000 units of affordable housing in New York City. NCF, in collaboration with other government partners, will create approximately 4,000 units of new housing each year for extremely low to middle income households. NCF administers six loan programs: 1) Extreme Low & Low-Income Affordability (ELLA) Program, 
2) the Mixed Income Program (Mix-and-Match), 3) Mixed-Middle Income (M2) Program, 4) Neighborhood Construction Program (NCP),  5) the New Infill Homeownership Opportunities Program (NIHOP), and 6) Open Door, Multi-family Homeownership for Affordable Coops and Condos Program.

HPD’s Division of New Construction Finance seeks to hire a Project Manager for its Multi-Family New Construction Programs.  This dynamic division finances the new construction for affordable housing through its loan programs for extreme low, low income, middle income and mixed income affordable housing.

ESSENTIAL DUTIES AND RESPONSIBILITIES

The Project Manager on the development team manages affordable housing projects in various stages of development under the supervision of the Director of Real Estate Development and the Vice President of Housing. The Project Manager analyzes potential projects, completes applications for funding and takes on other projects as needed. A qualified candidate should exhibit an interest in the connection between the built environment, community health and well-being. They will assist with the day to day management of the Real Estate Development pipeline.

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi’s Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

Services for the UnderServed (SUS) is a New York-based nonprofit organization that provides housing and support services to 25,000 individuals and their families living in New York City and Long Island.  SUS believes every New Yorker has the right to lead a life of purpose. 
 
For more than 35 years, SUS has been transforming this belief into reality by working as an advocate for people with life circumstances marked by intellectual/developmental disability, behavioral health challenges, poverty, & histories of incarceration and/or trauma.
 
We drive scalable solutions to transform the lives of people with disabilities, people in poverty and people facing homelessness: solutions that contribute to righting societal imbalances. Our commitment to continuous quality improvement impacts the lives of our clients and communities while contributing to the development of our employees.

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 a newly accelerated goal of 300,000 affordable units for New Yorkers at the very lowest incomes to those in the middle class by 2026.

Job Description:

The Division of Preservation Finance seeks a Project Manager for Leveraged Preservation Programs. The Division of Preservation Finance administers multiple programs that facilitate the rehabilitation and preservation of privately-owned multifamily properties throughout New York City. The Leveraged Preservation Programs unit is part of and reports to an Executive Director for Multifamily Preservation Finance Programs. In addition to the Leveraged Preservation Programs, Multifamily Preservation Finance includes the Multifamily Housing Rehabilitation Loan Program (HRP), Green Housing Preservation Program (GHPP) and, the Primary Prevention Program (PPP).

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 Preservation Finance seeks a Deputy Director for the Year 15 HPD’s LIHTC Preservation Program (Year 15). In addition to the Year 15 program, the Division of Preservation Finance administers multiple programs including the Multifamily Housing Rehabilitation Loan Program (HRP), Participation Loan Pogram (PLP), Lower Manhattan Acquisition Program, Housing Preservation Opportunities Program, HUD Multifamily Program, Primary Prevention Program, and Green Housing Preservation Program. These programs facilitate preservation of affordability and financial and physical sustainability of privately-owned multifamily buildings throughout New York City. The Division plays a key role in implementing the overall preservation strategy for HPD’s Office of Development in support of the Mayor’s Housing Plan to create and preserve 200,000 housing units.

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 Associate Commissioner for New Construction will oversee HPD’s financing of the construction of new supportive, multifamily, single-family, and mixed use affordable housing on both public and private sites through management of two divisions, New Construction Finance (NCF) and Special Needs Housing (SNH), and their constituent programs.

TF Cornerstone is looking for a Finance Analyst to work in its main offices. The ideal candidate has 2 to 5 years of experience working in loan documentation and administration, strong underwriting and analytical skills and knowledge of various methods.

Finance Analyst Responsibilities:

Must have 2 to 5 years of relevant work experience applicable to:

• Preparing materials for the placement of construction and permanent debt for residential and commercial properties
• Comparing and analyzing loan alternatives, lender selection, structuring, negotiating, documenting and closing loans
• Preparation of internal cash flow projections
• Overseeing management of loan administrative requirements
• Financial reporting
• Valuation

Loan covenant compliance

• Lender approvals and lender annual reviews

As a member of the Network’s larger policy team, the Policy Analyst will focus on budget and policy analysis, advocacy, research, and member support. This person will be responsible for monitoring legislative, programmatic and budgetary issues that may impact supportive housing. The position requires someone passionate about housing and homelessness issues who is able to work with nonprofit members, government, NYC communities and elected officials. Complementing the work of other policy team members focused on housing development and finance, this position is largely focused on policy related to social services.

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.

HPD’s LIHTC Preservation (“Year 15”) Program is an affordable housing loan program within the Division of Preservation Finance in the Office of Development. The Program focuses on the preservation of Low Income Housing Tax Credit (“LIHTC”) properties that are reaching the end of the initial 15 year tax credit compliance period. Since Program inception in 2007, the Program has repositioned and extended the affordability of 185 LIHTC projects totaling over 17,280 units.

The LIHTC Preservation Project Manager (“PM”) will work with a portfolio of tax credit properties that are past or reaching the end of their initial tax credit compliance period (Year 15). The PM will work with the Program Director and Deputy Director to assess a project’s physical and financial needs to help shape a preservation strategy to extend affordability. Financing tools include: leveraging new sources of debt (including conventional debt or LIHTC resyndication using a combination of as of right 4% tax credits and tax exempt bonds), low interest city capital loans, and property tax exemptions (420c and Article XI). The PM will also have frequent interactions with external partners including: NYC Housing Development Corporation, for-profit and non-profit developers, tax credit syndicators, banks, property managers, attorneys, architects, and general contractors. The PM will be responsible for working with these partners to evaluate options to extend affordability. 

HPD’s Division of Preservation Finance seeks an Assistant Project Manager to support the Director and Deputy Director of the LIHTC Preservation (Year 15) Program. The Division of Preservation Finance administers multiple programs including the Multifamily Housing Rehabilitation Loan Program (HRP), the Participation Loan Program (PLP), the HUD Multifamily Program, the LIHTC Preservation (Year 15) Program, the Green Housing Preservation Program and the soon to be launched, Small Buildings Loan Program. These programs facilitate the stabilization and rehabilitation of privately-owned multifamily buildings throughout New York City. The Division plays a key role in implementing the overall preservation strategy for HPD’s Office of Development in support of the Mayor’s Housing Plan to create and preserve 200,000 housing units.

The Year 15 Program works with owners of Low Income Housing Tax Credit (LIHTC) properties to ensure their future financial and physical viability as affordable housing properties. Year 15 staff evaluate the needs of each LIHTC project to develop a repositioning strategy for that particular project's financial and capital needs to ensure long-term affordability is preserved. Repositioning strategies may include debt extensions or modifications of existing mortgages, securing additional subsidy, tax exemptions, subordinating to leverage private debt, and/or resyndication. Since inception in 2007, the Program has utilized these tools to reposition and preserve the affordability of more than 179 LIHTC projects totaling over 16,053 units.

The work of the Office of Policy and Strategy (OPS) cuts across traditional areas of responsibility within HPD’s organizational structure to support and strengthen the work of the agency’s various divisions holistically, in close collaboration with the Commissioner’s Office. OPS’s high-performing divisions use their wide-angle view of the agency to conduct activities with both broad-reaching and tightly-focused impact, working with almost every other Office across the agency.

The Deputy Commissioner (DC) of OPS reports directly to the HPD Commissioner and is a critical member of the agency’s senior management team.  The DC is responsible for leading the development of strategies to advance HPD’s housing policy objectives and overseeing initiatives to help achieve agency goals and improve operations.  With a longer-term strategic focus, the office creates, refines, and promotes HPD and City housing strategies and policies using all analytical tools available across the agency; conducts targeted data and policy analyses; designs and streamlines operational practices and regulatory procedures; promotes and increases opportunities for Minority and Women-Owned Businesses (MWBEs), and ensures property owners and contractors comply with integrity, labor law and economic opportunity requirements.  The DC interfaces with and convenes key external stakeholders on a wide range of strategic and policy issues.  

HELP USA is one of the nation’s largest low-income housing developers and homeless services providers serving at-risk populations including families, veterans, and survivors of domestic violence. Through quality housing construction and comprehensive programs, HELP enables residents to live in dignity in a safe environment.

With an annual operating budget in excess of $100 million, HELP USA currently serves 25,000 people per year in 52 programs and residences across five states and is continuing to grow. HELP provides 3,500 units of permanent and transitional housing as part of its 30-year commitment to families and individuals in need of safe, stable homes.