Neighborhood Restore Housing Development Fund Corporation (“Neighborhood Restore”) and its affiliate nonprofit entities (Restored Homes HDFC, Restoring Communities HDFC, Preserving City Neighborhoods HDFC, Project Rebuild, Inc.) collaborate with the New York City Department of Housing Preservation and Development (“HPD”) on programs that seek to foster neighborhood stabilization by efficiently transitioning properties from physical and financial abandonment to responsible third party ownership. Neighborhood Restore also utilizes citywide partnerships to create affordable homeownership opportunities for households of low- and moderate- income.
• Manage a portfolio of sites and oversee property management and development activities for those sites.
• Oversee the property managers in activities including development and approval of annual budgets and building stabilization plans, review of monthly financial positions, coordination of emergency repairs, and facilitation of productive tenant relations.
• Work with HPD, private funding institutions, and other City agencies to assist developers to complete scopes of work and financing options, rehabilitation plans, tenant communication and construction loan closing.
• As necessary, will reconcile developer accounts in preparation for the transfer of property including: all deficits, surpluses, waivers, building stabilization expenses, violations, liens and other direct costs.