About the Agency:

The New York City Department of Housing Preservation & Development (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the city’s neighborhoods because every New Yorker deserves a safe, affordable place to live in a neighborhood they love.

- We maintain building and resident safety and health

- We create opportunities for New Yorkers through housing affordability

- We engage New Yorkers to build and sustain neighborhood strength and diversity.

HPD is entrusted with fulfilling these objectives through the goals and strategies of “Housing Our Neighbors: A Blueprint for Housing and Homelessness,” Mayor Adams’ comprehensive housing framework. To support this important work, the administration has committed $5 billion in new capital funding, bringing the 10-year planned investment in housing to $22 billion the largest in the city’s history. This investment, coupled with a commitment to reduce administrative and regulatory barriers, is a multi-pronged strategy to tackle New York City’s complex housing crisis, by addressing homelessness and housing instability, promoting economic stability and mobility, increasing homeownership opportunities, improving health and safety, and increasing opportunities for equitable growth.

Your Team:

The Office of Development leads the agency's effort in implementing the Mayor's Housing Plan. This is achieved in close collaboration with HPD colleagues and other City and state agencies.

The Division of Homeownership Opportunities and Preservation (HOP) creates and preserves affordable homes to facilitate generational wealth-building, maintain housing quality, and address the legacy of discrimination, segregation, and concentrated poverty. We do so by providing financial assistance to low- and middle-income homeowners, limited equity cooperatives, and community land trusts. Programs within the Division include:

- The Affordable Neighborhood Cooperative Program (ANCP), which selects qualified developers to rehabilitate distressed city-owned occupied multi-family properties, managed by the Tenant Interim Lease Program, to create affordable cooperatives for low- and moderate-income households.

- The Open Door Program, which funds construction of cooperative and fee simple buildings to low, moderate- and middle-income families,

- Small Homes Rehab, which works with nonprofit developers to rehab existing public sites and privately owned 1-4 family homes to create affordable homeownership opportunities for low-income New Yorkers. Community Restoration Fund, which facilitate the acquisition of distressed mortgage notes from mortgage lenders and repositions these assets to preserve affordable homeownership and rental opportunities.

- The Plus One Accessory Dwelling Unit (ADU) program that finance ADU conversions in small homes,

- HomeFix and ProjectHelp programs provide access to affordable low- or no-interest and potentially forgivable loans and grants for home repairs as well as resiliency or energy efficiency improvements to eligible owners of one- to four-family homes in New York City in partnership with nonprofit organizations

- The HomeFirst down payment assistance program, which provides financial assistance towards down payment and closing costs for first-time homebuyers,

- and special initiatives including Community Land Trusts, designed to ensure community stewardship of land and long-term housing affordability, and the Zombie Homes initiative, to facilitate repositing vacant and abandoned homes as affordable homeownership opportunities.

Your Impact:

The Division of Homeownership Opportunities and Preservation seeks a Deputy Director of Homeownership Construction and Conversions. The Deputy Director reports to the Executive Director of the Homeownership & Shared Equity. The Homeownership & Shared Equity team within the Division, manages programs that result in newly created homeownership opportunities for low- and moderate-income residents, primarily ANCP and Open Door. The team

also oversees programs that support the rehabilitation of vacant properties into habitable homeownership units and leads the Agency’s efforts on Community Land Trust Initiatives, among other special projects.

Your Role:

The Deputy Director will assist the Executive Director and Program Directors by managing ANCP and Open Door projects at the construction and conversion stages of the development process. There will be significant contact with not-for-profit partners, affordable housing lenders, and collaboration across Agency Divisions to work through construction challenges, ensure tenants are successfully resourced, and construction and conversion metrics are met. The Deputy Director is expected to lead regular check-in meetings with internal and external partners to provide updates on projects in the construction and conversion phases and work through any challenges. The Deputy Director is also expected to prepare and maintain written correspondence, documents, reports, and files regarding all assigned projects.

Your Responsibilities:

Primary duties will include, but not be limited to the following:

- Provide oversight on projects in the construction and conversion stages of project development;

- Collaborate with HPD Legal to manage and update project Regulatory Agreement(s) and Commitment Letter(s);

- Work with Program Directors and Project Managers to manage ANCP and Open Door construction, conversion and completion tracking;

- Maintain regular communication with Project Managers assigned to relevant ANCP or Open Door construction or conversion projects;

- Collaborate with Deputy Director of Community Engagement and Conversions team to oversee Section 8 allocations and Rent Restructuring;

- Manage the existing pipeline of ANCP and Open Door units and homes that have sold, and share documentation with HPD’s Asset Management team;

- Assist with Open Door’s end-loan closing process as needed;

- Plan, schedule and facilitate various recurring meetings with internal and external program partners;

- Assist Program Leadership with proactively managing projects across all phases of development, troubleshooting problems, making appropriate recommendations, and ensuring all necessary metrics are achieved;

- Manage administrative functions such as budget forecasting, setting productivity goals, tracking/reporting and compliance;

- Identify opportunities to train and build out expertise of program staff;

- Communicate with elected officials, other City agencies, homeowners, developers, lenders, community groups and other stakeholders as necessary, including presenting program materials at interagency meetings, meetings with elected officials and community meetings.

- Contribute towards improving the agency’s ability to provide new homeownership opportunities to first-time and low-income homeowners in New York City;



Preferred Skills

- Prior experience working with homeownership programs;

- Knowledge of housing development/lending and knowledge of HPD development programs

- Demonstrated analytical skills, and ability to work effectively with others to obtain results promptly;

- Knowledge of NYC government and housing issues;

- Significant experience with housing finance, real estate underwriting and financial feasibility analysis;

- Demonstrated record of achieving results in a fast-paced environment, experience managing programs as well as seeking ways to improve programs and procedures;

- Strong financial analysis skills including financial modeling and financial statement analysis, be detail-oriented, self-motivated, be able to manage multiple projects and meet deadlines;

- Ability to perform complex tasks with limited supervision;

- Excellent written and verbal communication skills;

- Strong facility with Microsoft Word, Excel & PowerPoint.

- The ideal candidate is a creative, analytical, solutions-oriented professional that has strong affordable housing underwriting experience

1.A baccalaureate degree from an accredited college or university and three years of full-time satisfactory professional experience in the development, appraisal, financing, negotiation, or disposition of real estate, or in real estate law, or in urban planning or analytical or coordination work related to housing programs; or

2. A four year high school diploma or its educational equivalent approved by a State's Department of Education or a recognized accrediting organization and seven years of full-time satisfactory experience as described in "1" above; or

3.A satisfactory combination of education and/or experience which is equivalent to "1" or "2" above. Graduate study in the field of urban studies, city planning, business or public administration, finance, architecture, engineering or other related fields may be substituted for up to one year of the required experience on the basis of 30 credits equaling one year of experience. Graduation from an accredited law school may be substituted for one year of the required experience. However, all candidates must have at least two years of experience as described above.

This position is also open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate at the top of your resume and cover letter that you would like to be considered for the position through the 55-a Program.

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

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.