Director of Special Projects & Workouts for the Division of Preservation and Portfolio Management

City of New York
New York, NY
Category Finance
Job Description
The Director of Special Projects & Workouts will oversee the strategic management, restructuring, and resolution of troubled or underperforming affordable housing assets within the City's portfolio. The Director will supervise a team of staff and coordinate with internal and external partners to create a clear path to project stabilization. The role involves direct engagement with multiple teams, including HPD Asset Management and Portfolio Management and Conversions teams, as well as external partners, including developers, tenants, and affordable housing lenders.

Requirements

  • Extensive management and operational experience, including underwriting, financial modeling, and construction/capital needs experience in housing.
  • Experience in affordable housing finance modeling and underwriting, complex deal structures (LIHTC, HUD, and bond-financed projects), and workouts or restructures of distressed assets.
  • Demonstrated experience successfully tracking multiple pipelines and projects
  • Experience reading and interpreting legal documents including regulatory agreements, mortgages, and partnership agreements

Benefits

  • Generous Paid Time Off
  • 401k Matching
  • Retirement Plan
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