Vice President of Preservation and Development

3 weeks ago

New York, New York, United States New York State Housing Finance Agency Full time
Job Description

New York State Housing Finance Agency is seeking a highly skilled professional to lead the preservation of affordable housing in the state. The Vice President of Preservation will oversee the day-to-day operations of the Preservation Team and report to the Senior Vice President of Multifamily Finance & Development.

The ideal candidate will have a strong background in multifamily housing finance, preservation, and development. They will be responsible for deploying Agency resources and personnel to meet the mission, goals, and objectives of the Agency with respect to its multifamily housing activities.

Key Responsibilities:

  • Oversee the underwriting and approval of construction and permanent financing for the preservation of affordable housing.
  • Direct the development of multifamily housing financing, processing project applications through mortgage closings.
  • Contribute to the creation of innovative financing structures and develop and implement underwriting policy and procedures.
  • Manage relationships with developers/borrowers and other external partners.
  • Collaborate with regional Development Directors, the SVP, and Multifamily Finance and Development Chief of Staff to develop the Agency's preservation pipeline.

Qualifications:

  • Bachelor's Degree with concentration in Housing or Urban Planning preferred with ten years relevant work experience, or;
  • Master's Degree in Real Estate, Business, Urban Planning, or Housing Finance with at least 5 years working experience in a senior level position underwriting and closing multifamily mortgages;
  • Extensive working experience in negotiating with housing developers and their lawyers, tax credit syndicators, and banks regarding all structural aspects of mortgage loans, tax credit rules, and/or bond financings;
  • Strong oral and written communication skills and excellent quantitative skills;
  • Experience developing new business and new financing approaches;
  • Experience managing a team of professionals;
  • Strong self-initiative for accomplishing production goals and securing necessary approvals;

What We Offer:

  • Exciting opportunity to be part of New York's resurgence to greatness;
  • Extensive benefits package including paid leave, excellent health, dental, vision, and retirement benefits;
  • Promotional opportunity for dedicated professionals.

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