Director of Asset Management - Tax Credit

Director of Asset Management - Tax Credit

New York State Homes & Community Renewal (HCR) is the State’s affordable housing agency, dedicated to building, preserving, and protecting affordable housing and increasing home ownership throughout New York State.

The Director of Asset Management – Tax Credit will supervise the Statewide Asset Management Unit (SAMU), overseeing approximately twenty-five staff engaged in monitoring and oversight of more than 1,500 affordable housing developments across NY State. The role requires familiarity with agency rules, State and Federal laws, and is responsible for enforcement throughout the AMU portfolio. The Director will report directly to the VP of HCR’s Statewide Asset Management Unit and will coordinate integration efforts, policy development, and preservation initiatives.

• Oversee SAMU staff allocation and resource deployment across four regional offices.
• Assist in expanding integration of HCR’s 4%, 9%, and Mitchell-Lama teams to streamline policies and identify cross‑training opportunities.
• Maintain current legal, regulatory, and program requirements and notify staff and stakeholders of changes, including compliance training.
• Develop policies and procedures to monitor new projects entering SAMU’s portfolio.
• Review and approve project loan payoffs, management agent changes, ownership changes, and disbursements from HCR reserve funds.
• Coordinate internal control oversight and periodic portfolio assessments to identify preservation opportunities.
• Lead preservation efforts to achieve Governor’s 5‑year housing plan goals and support existing programs such as the Preventative Troubled Asset Program.
• Collaborate with OIHM senior staff to expand integration efforts and eliminate redundant requirements.
• Coordinate SAMU responses to program audits and implement audit recommendations.
• Collaborate with HCR program and legal staff on proposed legislation affecting the AMU portfolio.
• Ensure timely communication with FEHO, Legal, Treasury, Accounting, and other Agency units.

• Bachelor’s degree with a minimum of eight years of relevant experience.
• Substitution options:
  • Four additional years of specialized experience may substitute for the bachelor’s degree.
  • An associate’s degree combined with two additional years of specialized experience may substitute.
  • A J.D. or master’s degree may substitute for one year of specialized experience.
  • A Ph.D. may substitute for two years of specialized experience.

• Exceptional written and verbal communication skills.
• Demonstrated time‑management skills with ability to prioritize and meet deadlines.

• Proactive, solution‑oriented approach with strong work ethic.
• Eagerness to acquire new skills and adapt quickly to evolving environments.

• Willingness to innovate and explore creative solutions.
• Commitment to high‑quality standards and adherence to style guides.

This job description is not intended to be all inclusive; employees will be expected to perform other reasonably related duties as assigned.

• Extensive benefits package including paid leave, health, dental, vision, and retirement benefits.
• Promotional opportunities for dedicated professionals.
• Work‑life balance benefits: 37.5‑hour work week and paid time off.
• Opportunity for compressed scheduling and flextime.
• 12 weeks of paid parental leave and paid family leave.
• Eligibility to participate in the Federal Public Service Loan Forgiveness Program.
• Additional benefits:
  Wellness program, tuition reimbursement, vacation leave buy‑back, access to Plum Benefits, optical reimbursement.

Under the leadership of Governor Kathy Hochul and Commissioner Ruth Anne Visnauskas, HCR is a vibrant, innovative agency that integrates New York State’s housing resources. It operates offices in New York City, Albany, Buffalo, and Syracuse, employing a diverse workforce of professionals who are committed to serving low‑ and moderate‑income families.