Director, Rental Preservation Team for the Division of Preservation Finance
Company Description Job Description
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.
Your Team:
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)
\- Homeownership 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.
Your Impact:
The Division of Preservation Finance seeks a Director for the Rental Preservation Team (RPT) with experienced professional with strong leadership and management abilities. Under the supervision of the Executive Director, you will be one of three Directors overseeing multiple financing programs 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. Programs include the Participation Loan Program (PLP), the Multi-Family Preservation Loan Program (MPLP), Housing Preservation Opportunities Program (HPO), Neighborhood Pillars (Pillars), The Capital Partnership for Affordable Renovations Program (CPAR), and Third Party Transfer (TPT).
Your Role:
In your role as the Director, you will lead a highly competent staff of project managers and will work with developers, syndicators, lenders and other key entities to evaluate and approve proposed preservation strategies, evaluate changes to project ownership, assess requests for tax exemptions to determine project feasibility, determine rehabilitation work, and assess acquisition proposals. As the Director, you will have primary responsibility for continuing program policy development and for ensuring that transactions are completed on a timely basis. You will represent the Division at re...
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