Portfolio Associate
2 weeks ago
A Civil Service exam is not required for this position. Candidates must meet the minimum qualifications outlined below to be considered.
NYS Homes and Community Renewal (HCR) is committed to fostering a culture of diversity, equity, inclusion, and accessibility. Our work would not be possible without the diverse backgrounds, experiences, ideas, and abilities of our employees. HCR is committed to developing a workforce which represents the diverse population of New York State. HCR embraces a diverse and inclusive work environment by encouraging all individuals, including those with disabilities, to apply to open positions at the agency.
The Office of Housing Preservation manages HCR programs that maintain and enhance the state's portfolio of existing affordable housing. We enforce the Rent Laws in New York State for over 900,000 housing units, while providing federal and state rental assistance to assist more than 45,000 families across the state. We also monitor 130,000 low-income housing units financed with federal and state resources and provide grant funding to help homeowners and tenants save energy.
The Statewide Asset Management Unit (SAMU) is responsible for the asset management and compliance monitoring of the Agency's existing housing loan portfolio. This portfolio has been financed under various loan and subsidy programs under Federal and State housing programs including the Low-Income Housing Tax Credit; Housing Trust Fund; HOME, RAD, Mitchell-Lama, and various other State housing programs
New York State Homes and Community Renewal (HCR)is the States's affordable housing agency, with a mission to build, preserve, and protect affordable housing and increase homeownership throughout New York State.
DUTIES & RESPONSIBILITIES:
- Review tenant income certifications and lease information submitted by the
- Assume a portfolio of multifamily projects and perform periodic site inspections and management evaluations.
- Assist in the collection, organization and analysis of project income and expense reports and other data required by the Agency's mortgage documents. Assist in the implementation and enforcement of the Agency's regulatory requirements regarding financial reporting, lease reviews and the low-income unit set aside requirements.
- Coordinate property data and perform research regarding historical and current financial trends, operating expenses, and market data. Assist in producing department reports and statistical data.
- Review and perform research on housing bond issues and mortgage documents. Collect, review and organize mortgage closing files for the department.
- The Portfolio Associate position requires a close working relationship with the asset managers, technical, development and legal staff of the Agency. Excellent computer and communication (oral and written) skills are essential. Occasional overnight travel may be necessary.
- Portfolio Associate position may lead to Asset Manager Position subject to a performance review, initiative and any additional professional training.
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