Red Stone is a recognized leader and one of the largest providers of tax-exempt debt to the affordable housing industry. Our portfolio consists of 160+ affordable/low income multifamily housing properties. We are a small company of 20 professionals with extensive experience – senior partners have been in the affordable housing industry for over 25 years. Our portfolio is growing rapidly, and the position has the potential for career growth and earnings potential.
National Equity Fund, Inc. (NEF), a leading non-profit syndicator of low-income housing tax credits, is seeking an Originations Analyst for its New York office. The primary function of this position is to provide analytical support to the originators on a regional
team in the underwriting of low-income housing tax credit investments. The analyst will assist in evaluating the feasibility of investments including, evaluating the market, sponsor capacity, reviewing loan documents, and preparing projections; prepare engagement or commitment letters, assist with investment committee write-ups, investment proposal, closings, and evaluation of potential adjusters post-closing. In addition, candidate must be able to analyze project’s financing, development budget, construction schedule, operating expenses, debt service, market comparability and developer capacity; utilize and become proficient in NEF’s pricing and underwriting model.
Reporting to the SVP for Real Estate and Planning, the Director will lead multiple real estate development projects from the planning stage through financial close. The Director will also assist the department in producing and overseeing Requests for Proposals for property dispositions and financial models and analyses. The ideal candidate has a strong understanding of real estate finance, urban planning and design principles, and project management, and has experience managing real estate transactions against tight deadlines, ideally involving public-private partnerships and interdisciplinary teams.
The Construction Manager will provide direct supervision of various RiseBoro affordable housing multi-family construction projects. They will report to the Director of Sustainability & Construction. This includes reviewing design details in pre-development, reviewing
prospective projects for Energy Performance, attending construction meetings, reviewing contractor invoices, ensuring construction details are properly completed in the field, and performing post build certification, punchlists, and Quality Assurance.
The Title Examiner will interact with clients, and understand client needs, and become an integral part of the team. They will order appropriate searches and analyze public records in order to prepare a report of the current condition of Title and determine requirements in order to deliver ‘clear’ title to our clients. The Title Examiner will also complete endorsements, maintain a working knowledge of all open files, and conduct appropriate follow up with all parties to the transaction.
Newburgh Community Land Bank has an opportunity for an accomplished professional to join the organization as Executive Director. Since forming in 2012, NCLB has led the land banking effort across NYS and helped advance the transformation of downtown Newburgh into a community of choice through targeted investment in distressed properties. The Board of Directors seeks a dynamic leader for a new phase of growth and progress in furtherance of NCLB’s mission to improve the quality of life in Newburgh by stabilizing and revitalizing abandoned properties.
Under the direction of the Board of Directors, the executive director is responsible for overall management and operation of the Newburgh Community Land Bank. The executive director is a public-facing and accountable leader who oversees the development and execution of the Land Bank’s work plan, protects its assets, and ensures compliance with grantor, federal, state and local regulations.
Project Renewal is a leading non-profit organization with the mission of ending the cycle of homelessness by empowering men, women and children to renew their lives with health, homes, and jobs. Our comprehensive and integrated 24/7 programs are designed to offer the holistic care our clients need. With a staff of 950+ and an annual budget of $100 million, Project Renewal is one of the larger social service nonprofits in New York City.
Under the general direction of the department Director, the Entitlements Coordinator is responsible for acting as a resource for both clients and staff to inform them of the various city, state and federal entitlement programs; performing annual re-certifications and lease renewals; and performing related duties.
MHANY Management Inc. (MHANY) is a not-for-profit housing organization deeply committed to developing and managing rental and homeownership opportunities for very low-, low- and moderate-income people. Organizational values are centered around a need for social justice for lower-income people and people of color, often those most marginalized in our society and economic framework. MHANY owns and manages over 1,800 affordable rental apartments in New York City. MHANY provides free of charge homeownership counseling for first time homebuyers and foreclosure prevention. The successful candidate must embrace the core values of MHANY and believe in its organizational mission.
Under the direction of the Executive Director, the Housing Rehabilitation Project Manager performs a wide variety of tasks directly related to the planning, development, implementation and advocacy of affordable housing projects from acquisition through construction and occupancy.
* Oversee general office operations including, but not limited to, maintaining and responding to office equipment repair needs and ordering supplies
* Answer phone calls, distribute mail, and respond to incoming requests for information
* Coordinate board meetings and compile board books
* Update content on website
* Handle all computer related matters
*Assist accounting staff with general office related expenses
Neighborhood Restore’s affiliate entity, Preserving City Neighborhoods HDFC (“Preserving City Neighborhoods”) is working in collaboration with a unique set of partners supported by HPD to oversee the Community Restoration Fund (“CRF”) Program. The CRF Program acquires overleveraged mortgage notes for the purpose of repositioning and preserving distressed or at‐risk distressed housing in New York City.
* Work closely with HPD, community partners, and loan servicing organization to review loss mitigation workout proposals for homeowners. Present proposals to Credit Committee and monitor progress of loss mitigation resolutions.
*Prepare management reports to track status of loss mitigation activities for homeowners in portfolio.
*Maintain compliance with all programmatic and funding reporting requirements.
*Prepare and submit requisitions to credit facility lenders to fund program expenses including acquisitions, carrying costs, and rehabilitation.
*Perform property and legal due diligence for future acquisitions of properties by liaising with lenders, servicers, attorneys, and title companies.