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Assistant Commissioner, Division Of New Construction Finance The candidate for the Division of New Construction Finance oversees companyâ€™s financing of the construction of new affordable housing on both public and private sites through management of a range of programs, including the Extremely Low and Low-Income Affordability (ELLA) program; the Mixed Income program (Mix & Match); the Mixed-Middle Income (M2) program; the Neighborhood Construction Program (NCP); the New Infill Homeownership Opportunities Program (NIHOP); the Small Homes Large Scale Program; and the HomeFirst Down Payment Assistance Program. Will work in close coordination with other divisions within the Office of Development and across HPD, and in partnership with the New York City Housing Development Corporation (HDC), the New York City Housing Authority (NYCHA), the New York City Economic Development Corporation (NYCEDC), and other City, state, and federal agencies on Requests for Proposals, pre-development, and co-financing for such projects. Will have primary responsibility for managing engagement and negotiations with developers, lenders, and other development partners from the private and non-profit sectors. Contribute to and at times lead development of agency strategy and public policy on such topics as broadening and deepening affordability, housing the formerly homeless, supporting affordable homeownership, and expanding the companyâ€™s support of mixed-use, mixed-income projects. Responsibilities include: Overseeing the development and implementation of the divisionâ€™s programs to meet the goals of Housing New York and other initiatives. Managing staff implementing the divisionâ€™s financing programs and operations. Overseeing coordination with multiple internal divisions as well as numerous outside lending and program partners. Fielding and responding to inquiries, both internal and external, about division activities. As part of this effort, the Assistant Commissioner will be responsible for prioritizing potential issues and making sound recommendations to the Deputy Commissioner. Ensuring cost-effectiveness in subsidy programs by leading efforts to implement finance and production protocols to ensure efficient use of public subsidies in combination with available incentives. Fostering innovation in the creation of new financing models and deal structures to advance the goals of Housing New York and other policy priorities. Contributing to the development, implementation, and tracking of strategic plans for the Office of Development and the Agency. Contributing to the development, implementation, and tracking of affordable housing policy for the Office of Development and the Agency. Other responsibilities and initiatives as may be required to ensure the success of the division, the Office of Development, and the Agency.
Qualification and Experience
The candidate should have Baccalaureate degree from an accredited college and 4 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 2 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 0-2 years of the general experience required; or Education and/or experience equivalent to including part-time and/or volunteer experience. Demonstrated supervisory experience is required.
The position requires a strong background in real estate finance, with experience in community development a plus. Should have extensive knowledge of financial tools and theory as well as facility in the use and analysis of financial models. Must have excellent verbal and written communication skills. Should have excellent analytical, organizational, and quantitative abilities. Must have demonstrated ability to meet deadlines and manage multiple projects in a timely manner.
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