Asset Management Director

3 days ago


New York, New York, United States New York City Housing Development Corporation Full time
Job Title: Asset Management Director

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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