Deputy Director, Rental Preservation Team Division of Preservation Finance

About The Agency

The Department of Housing Preservation and Development (HPD) oversees housing standards across all 3.7 million homes in New York City. As the nation’s largest municipal housing agency, HPD is responsible for building and preserving affordable housing, protecting tenants from harassment and displacement, and holding landlords accountable across the five boroughs. Under Commissioner Dina Levy and the Mamdani Administration, HPD is pursuing an ambitious housing agenda focused on the needs of New York’s tenants.

With a broad set of tools including standards enforcement, tenant resources, and the creation of new affordable housing, HPD is committed to making New York City a more affordable place for renters and homeowners alike.

The Office of Development (OOD) leads the agency’s effort to create and preserve housing in collaboration with other HPD offices as well as other city, state and federal agencies. The Office of Development is composed of eight divisions that administer a range of programs:

• New Construction Finance
• Special Needs Housing
• Building and Land Development Services (BLDS)
• Home ownership Opportunities and Preservation
• Preservation Finance
• Portfolio Management and Conversions
• Housing Incentives
• Compliance and Enforcement

The Division of Preservation Finance administers multiple financing programs to improve financial and physical conditions and preserve or create affordability within privately-owned multi-family and single-family buildings. The division oversees programs utilizing low-cost loans and property tax benefits among other public incentives.

As the Deputy Director for the Rental Preservation Team (RPT) for the Division of Preservation Finance, under the supervision of the Directors you will assist in overseeing multiple financing programs including Multifamily Preservation Loan Programs (MPLP), Housing Preservation Opportunities Program (HPO), Participation Loan Programs (PLP), Third Party Transfer (TPT), Neighborhood Pillars (Pillars), and Capital Partnership Affordable Renovation Loan Program (CPAR) which include a range of financing solutions and programs that pair tax exemptions or tax exemptions and public subsidy with private funding to meet project needs and preserve affordability.

Your role will be to assist in the administration of the Program under the supervision of the Directors for the Rental Preservation Team. The position affords an excellent opportunity for you to gain management experience as well as hone underwriting and thoughtful problem solving skills. Program provides financing in the form of City capital to leverage other financing sources, including Low Income Housing Tax Credits, tax-exempt bonds, and private debt and equity.

• Track progress on an annual pipeline of preservation projects;
• Coordinate with internal and external loan servicers on construction and permanent loan servicing terms;
• Review and analyze existing mortgage notes, regulatory agreements and other related documents to help determine preservation strategy;
• Participate in all meetings with development teams and any other meetings, presentations, and conferences that pertain to the Program;
• Perform general project management duties, as needed;
• Assist the Directors with the development and implementation of plans, strategies and tools to effectively manage programs while identifying solutions;
• Work with the Directors to supervise and provide technical and procedural assistance to staff
• Oversee the timely input of information by staff into the agency databases;
• In conjunction with the Directors, establish appropriate productivity measures for staff and goals and targets for the unit and work effectively with staff to achieve them;
• I…