Asset Management Director
3 days ago
The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation's largest municipal Housing Finance Agency.
HDC supports the construction and preservation of multi-family affordable housing in NYC.
Estimated Salary: $100,000 - $115,000 annually
Job Summary:
The Asset Management Director oversees a portfolio of construction loans and Mitchell-Lama properties. Key responsibilities include managing construction budgets, reviewing loan documents, evaluating construction contracts, troubleshooting issues during construction, and analyzing property financials.
Key Responsibilities:
- Lead a team of Asset Managers responsible for construction monitoring and asset management.
- Manage construction loans, including budget management, loan document review, contract evaluation, and change order processing.
- Troubleshoot construction issues, determine resolutions, and implement relief measures.
- Analyze property financials to identify potential risks and concerns.
- Supervise Fannie Mae reviews, approvals, and report distribution according to programmatic and regulatory requirements.
Requirements:
- Bachelor's degree from an accredited college plus 3-5 years of experience with federal, state, or local housing programs.
- 3-5 years of supervisory experience managing teams, projects, and time-sensitive deadlines.
- Knowledge of NYC Mitchell Lamas, Housing Finance Agency underwriting, and HUD Section 8 project compliance.
- Thorough understanding of loan administration, construction lending, and funding procedures.
- Superior organizational, analytical, and problem-solving skills with excellent attention to detail.
Benefits:
- Competitive salary
- Dental and Vision Benefits at no cost
- Retirement savings plan with a generous match and a pension plan
- Paid holiday, vacation, sick time, and parental leave
- Professional development opportunities
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