Program Manager

Senior Preservation Programs ManagerNew York State Homes and Community Renewal (HCR) is the State’s affordable housing agency, with a mission to build, preserve, and protect affordable housing and increase homeownership throughout New York State.
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.
JOB SUMMARY:The Senior Preservation Programs Manager (“Programs Manager”) assists in the preservation of affordable housing in New York State by working with developers, owners, managers, and other Agency units to promote the stability of properties in HCR’s 4%, 9%, and Mitchell-Lama portfolios. In the face of rising insurance costs, low collections, and other operational pressures, projects around the state are facing unprecedented challenges which threaten their financial and physical health. The Programs Manager will support the Vice President of Strategic Preservation Initiatives and other Statewide Asset Management Unit staff in the execution of programs and policies that better position HCR’s portfolio for success in the short
- and long-term. The Programs Manager will also lead transactions including subsidy and grant closings, repositioning strategies, refinancings, and workouts for distressed projects in need of intervention. Additionally, the position will support the risk assessment process for portfolio projects, help monitor and address delinquencies, as well as assist with the prioritization of projects for inclusion in the HCR Office of Finance and Development’s preservation subsidy pipeline. The position will work extensively with other Agency units, including Legal, Data Management, and the Office of Research and Strategic Analysis (ORSA), as well as external stakeholders such as lenders, owners, and investors.
Summary of position

responsibilities:
Evaluate feasibility and eligibility of projects applying for preservation awardsMaintain preservation program pipelines and manage internal approvals for projects closing on subsidy/grantsInteract with property owners/managers/developersReview project loan documents and regulatory agreementsPerform analyses of portfolio-level financial information to identify trends and vulnerabilitiesReview and update delinquencies information from the Mortgage Insurance Fund and external first position lendersPrepare written materials for presentation to Credit Committee and Board, as necessaryTrain and assist other staff (including junior team members) regarding preservation program financial review and project managementAssess property risk profiles, in collaboration with other OHP staffAssess and make recommendations regarding the workout, repositioning, or intervention strategies for distressed propertiesMaintain project prioritization documentsDevelop a timeline and the approach needed to bring each transaction from intake to completionAttend calls, meetings, and discussions in connection with proposed initiatives or transactionsProvide regular progress reports to senior Agency staff, as applicableWork closely with Agency Legal staff to prepare for closingsAttend courses, conferences, and other industry eventsSome travel requiredAssist in other functions/duties of Office of Housing Preservation as assignedQUALIFICATIONS:Bachelor’s Degree in related fieldAdvanced Degree (desirable but not required)5+ years of professional experience in the affordable housing industryLIHTC experience highly preferredQuantitative, financial analysis and modeling (excel) skills a plus but not necessarySome knowledge of government housing pro