Executive Director, Multifamily Cooperative 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.

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, Block by Block, 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, and the New York City Housing Development Corporation (HDC).

The Office of Development is composed of nine divisions that administer a range of programs:

• Executive Office of Operations and Policy
• 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.

The Division of Preservation Finance seeks an Executive Director for the Multifamily Cooperative Preservation Team. Reporting to the Assistant Commissioner of Preservation Finance, in your role as Executive Director, you will manage providing assistance to existing limited equity cooperatives in the five boroughs. These buildings may access assistance via city capital subsidy and residential real estate tax exemptions under the applicable existing Preservation Finance term sheets to improve living conditions, preserve safe affordable housing for low- and moderate-income households in New York City, and reduce building operating expenses.

These programs are a key element of the Mamdani administration’s goals to preserve limited equity cooperatives, particularly Mitchell-Lama developments and HDFCs.

Under the supervision of the Assistant Commissioner of Preservation Finance, you will oversee one Director, three Deputy Directors and a pooled project management staff of approximately 15 project managers, including directly supervising multiple Senior Project Manager(s) and/or Assistant Project Manager(s). You will manage and track capitally funded projects across a variety of building types including Mitchell-Lama developments and HDFC co-ops financed with City subsidized loans, Federal and State subsidized loans, conventional bank loans, mezzanine loans, tax exempt bonds and other tools in an efficient and timely manner to hit annual Block by Block goals and target closing timelines.

This tracking includes managing and successfully deploying a budget of city funding, executing loan or tax exemption closings, completions, and conversions. As Executive Director, you will also be responsible for handling administrative functions such as budget forecasting, reporting and compliance requirements. In addition, you will work on program improvements and…