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Job Description

Agency Description:

The New York City Department of Housing Preservation and Development (HPD) is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through loan and development programs for new affordable housing, preservation of the affordability of the existing housing stock, enforcement of housing quality standards, and education programs for tenants and building owners. __

HPD’s Office of Policy and Strategy (OPS) leverages its expertise to guide and support HPD and its many offices in their efforts to deepen their impact, optimize their efficiency, and become more data-driven, compliance-attentive, climate-adaptive, and mission-focused. To do so, OPS collaborates with staff and senior leadership from across the agency, as well as with representatives from other Agencies. OPS carries out its work through delivery of rigorous data, policy, and financial/credit analysis; technical and statistical research; compliance awareness and adherence; and techniques in program visioning and design to all of HPD’s areas of practice.

The Senior Director will report to the Chief Credit Officer/Executive Director of Credit and Valuation (CCO) and will oversee the Credit & Special Underwriting team (C&SU). The C&SU team is responsible for reviewing and providing feedback on HPD projects that receive City Capital loans and/or discretionary tax exemptions, completing special underwriting feasibility and cost/benefit analyses and conducting complex financial analyses to support agency policy initiatives. The Senior Director will work closely with team members from across OPS and the Office of Development (OOD), including leadership of both offices. They will work closely with the CCO on a daily basis in a rigorous, growth-oriented and supportive environment.

The Senior Director will:

• Lead the C&SU team, building and maintaining a culture of rigor, collaboration and inclusivity

• Serve as the HPD Credit Committee Vice Chair, working with the CCO to effectively and efficiently managing the process by which the agency evaluates non-conforming and complex affordable housing transactions and working with other members to problem solve, when necessary;

• Oversee the comprehensive review of Development projects, providing rigorous and thoughtful feedback and recommendations to ensure that HPD projects align with agency policies and advance the agency’s mission;

• Work closely with program leads across development to ensure that HPD projects align with agency policies and advance the agency’s mission;

• Coordinate with the OOD on and contribute to the development of new agency financing programs and policies;

• Create models, tools, templates to ensure the effective and efficient management of the team’s work;

• Develop internal resources to support the professional development of team members in CS&U as well as throughout OPS and OOD;

• Advise the CCO and Deputy Commissioner regarding complicated or novel credit or underwriting issues; and

• Undertake critical special projects/initiatives as requested by the Deputy Commissioner, as needed.

Preferred Skills

• Strong understanding of real estate finance, underwriting, lending, development, advanced finance concepts, valuation and the residential housing market, particularly the New York City context;

• Knowledge of local, state and federal affordable housing finance programs;

• Ability to build and understand complex models and summarize findings;

• Strong verbal and written communication skills, including ability to present/convey complex concepts effectively;

• Excellent leadership skills with the ability to build team culture, provide feedback and build capacity among individual team members;

• Excellent people skills with the ability to build relationships, influence others to achieve outcomes and thrive in a team environment;

• Ability to adapt and work under pressure and restrictive deadlines, in an atmosphere of intense activity;

• Passion for public service; and

• An equity lens and deep commitment to radical inclusivity.

We serve New York City best, when our team mirrors the diversity and varied strengths of the population we serve. We strongly encourage people of all backgrounds to apply.

Note: This position is eligible for remote work up to two days per week, pursuant to the Remote Work Pilot Program agreed to between the City and DC37.

Qualifications

1. A baccalaureate degree from an accredited college and four years of experience in one or more of the following areas: community organization, social work, urban development projects, real estate, public administration, or a related field, of which two years must have been in a field directly related to neighborhood improvement such as housing, community organization, urban renewal or planning, or real estate. A Law Degree or graduate work in an appropriate field may be substituted for up to two years of the general experience required; or

2. Education and/or experience equivalent to "1", including part-time and/or volunteer experience.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.