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.