Director, Division of New Construction Finance (NCF)
Core
Lead the Division of New Construction Finance to create approximately 3,000 units of new affordable housing annually for extremely low to middle-income households in NYC through multifamily rental projects.
Role type
Senior Director of Affordable Housing Finance & Development
Builds
New multifamily rental housing projects (City-owned and privately-owned) financed via tax-exempt bonds, LIHTC, and subsidized/conventional loans.
Domain
Public sector real estate finance and affordable housing development
Deliverable
Physical housing units via financing and development programs
Required skills
Project management, real estate finance, loan underwriting, policy analysis, negotiation, staff supervision, environmental review coordination, budgeting, project scheduling
Preferred skills
Real estate development background, government agency experience, knowledge of construction process, Master's in Urban Planning/Real Estate Finance/Public Administration
Technologies
Microsoft Office Suite
Responsibilities
Supervise staff on project management and closings; review project underwriting and planning; recommend project feasibility and policy issues; establish production goals; mentor staff; negotiate deal structures and funding; prepare capital applications; coordinate environmental and ULURP submissions; manage loan closing documentation and construction syndication; track project timelines and budgets.
Seniority
Director, strategic leadership with hands-on program oversight