Careers at HDC
The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City.
HDC is an Equal Opportunity Employer.
Available Positions:
Director of Policy and Analytics
Project Manager/Senior Project Manager
Assistant/Associate General Counsel
Project Manager, Development
HDC is an Equal Opportunity Employer
Director of Policy and Analytics
Area of Talent: Finance and Underwriting
Position Type: Full Time/Exempt
Location: NYC/Wall Street Area
Position Summary:
The Director of Policy and Analytics supports the Vice President of Policy and Analytics and HDC’s senior and executive leadership in the development and analysis of high-priority programs, proposals, and initiatives that address the most critical housing issues facing HDC and the City. Although the Director’s individual contributions will frequently involve financial analysis and underwriting, the work is multidisciplinary, and projects will often consider intersecting issues of affordable housing, finance and the markets, economic and social policy, social equity, governance, management, and technology. In this highly collaborative role, projects often have interdepartmental and interagency impact. Accordingly, the Director will consult and facilitate teams of subject matter experts, advise and solicit feedback from senior leadership, and work as directed with various partner agencies, including the New York City Department of Housing Preservation and Development, New York City Housing Authority (NYCHA), and City Hall.
Responsibilities:
- Review, analyze, and recommend improvements to new proposals, including lending/financing products, legislation/regulation impacting housing, policy platforms/plans, and business processes.
- Develop and analyze financial and underwriting models that underpin programs and novel financing approaches; consider their feasibility, effectiveness, economic/budgetary impact, and efficiency.
- Monitor the policy environment and market to identify emerging issues/challenges, best practices, innovative approaches, and new resources.
- Use quantitative and qualitative evidence and external expert research to justify recommendations and shape decisions of senior leadership.
- With the support of the Vice President and project teams, build out business processes and implementation plans for proposals maturing out of the conceptual stage.
- With the support of the Vice President, facilitate and support interdepartmental stakeholder groups tasked with reviewing proposals and implementing new programs and business practices.
- Serve as a thought partner to brainstorm solutions to emerging policy challenges.
- Provide ad hoc analytical support for the preservation of the city’s public housing stock in close coordination with HDC’s Public Housing Finance and Lending Strategies unit and NYCHA.
- Execute basic data analysis and visualization in Excel as needed for various projects.
- Design model shells and data collection tools in Excel as needed to support the implementation or evaluation of new initiatives or serve the analytical needs of colleagues.
- Draft memorandums and deliver presentations communicating background research, proposal content, analysis findings, recommendations, policy considerations, and work status.
- With the support of the Vice President, define work plans; plan and execute analyses to balance rigor, clarity, and action; and ensure client-readiness of deliverables.
- Undertake special projects/initiatives as requested.
Requirements:
- Bachelor’s degree with substantial coursework/credits specific to business, economics, urban planning, public policy, sociology, statistics, or a related field; a minimum of 3 years of relevant experience in real estate lending, development, finance, urban planning, policy analysis, management consulting, or related field; or a satisfactory combination of education and/or experience equivalent to the above.
- Proficiency using financial models and employing financial concepts.
- Experience managing proprietary information and policy considerations with integrity.
- Demonstrated interest in the affordable housing industry.
- Strong interpersonal, verbal, and written communication skills.
- Ability to build relationships with staff, executives, and external partners.
- Strong organizational and project management skills with excellent attention to detail.
Preferred Qualifications:
- Graduate degree in related field.
- Direct experience in real estate lending or development.
- Knowledge of federal, New York State, and New York City affordable housing programs and the development process.
Interested applicants may email a cover letter with salary requirements and resume to jobs@nychdc.com or fax to the Human Resources Department at (212) 227-6893.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits including health benefits, retirement savings and career development programs.
HDC is an Equal Opportunity Employer
HDC is an Equal Opportunity Employer
Project Manager/Senior Project Manager
Area of Talent: Development/Affordable Housing
Position Type: Full Time/Exempt
Location: NYC/Wall Street Area
Position Summary:
The Project Manager/Senior Project Manager is responsible for originating, underwriting, and closing mortgage loans to primarily finance the rehabilitation of New York City Housing Authority (NYCHA) units, using funds raised through bond issuances and/or allocations of corporate reserves. The Project Manager/Senior Project Manager may also close other affordable housing mortgages outside of the NYCHA preservation pipeline, subject to availability.
Job Responsibilities:
- Underwrite mortgage loans (analyze loan proposals; review due diligence materials; prepare spreadsheets outlining each proposal; prepare credit memos; present loans to Credit Committee for approval).
- Coordinate mortgage loan closings with internal and external parties, including developers, other City agencies, most notably NYCHA, bankers, bond underwriters and tax credit syndicators.
- Manage relationships with current and prospective developers/borrowers.
- Prepare management reports and loan tracking information.
- Assist in evaluating and/or formulating affordable housing program and policy initiatives.
Required Qualifications:
- A Bachelor’s degree with substantial course work/credits specific to finance, and/or real estate; a minimum of 2 to 5+ years of relevant experience in real estate lending, and/or development; or a satisfactory combination of education and/or experience equivalent to the above.
- Demonstrated interest in the affordable housing industry.
- Proficiency in using mortgage loan models and employing financial concepts.
- Strong interpersonal, verbal, and written communication skills.
- Ability to build relationships with staff, executives and external partners.
- Strong organizational skills with excellent attention to detail.
Preferred Qualifications:
- Graduate degree in related field a plus.
- Knowledge of Federal, New York State, and New York City affordable housing programs and the development process is a plus.
Interested applicants may email a cover letter with salary requirements and resume to jobs@nychdc.com or fax to the Human Resources Department at (212) 227-6893.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits including health benefits, retirement savings and career development programs.
HDC is an Equal Opportunity Employer
HDC is an Equal Opportunity Employer
Assistant/Associate General Counsel
Area of Talent: Public Finance/Legal
Position Type: Full Time/Exempt
Location: NYC/Wall Street Area
Position Summary:
The Assistant General Counsel or Associate General Counsel reports to the Deputy General Counsel, Legal Department and serves as counsel for HDC primarily to analyze, negotiate, structure and close bond transactions. Ideal candidate would run day-to-day operations of the bond transactions unit within the Legal Department as primary liaison with outside bond counsel and HDC’s Development and Capital Markets departments.
Job Responsibilities:
- Reviews official statements, bond purchase agreements and bond resolutions.
- Reviews and analyzes due diligence items for bond transactions, including TEFRA.
- Prepares materials for HDC Board meetings.
- Drafts commitments, notes and mortgages.
- Handles general miscellaneous legal duties as assigned.
Required Qualifications:
- Law Degree from an accredited Law School.
- A minimum of 2 to 5+ years of relevant experience in public finance.
- Superior organizational, analytic, and problem-solving skills.
- Strong communication skills.
Interested applicants may email a cover letter with salary requirements and resume to jobs@nychdc.com or fax to the Human Resources Department at (212) 227-6893.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits including health benefits, retirement savings and career development programs.
HDC is an Equal Opportunity Employer
HDC is an Equal Opportunity Employer
Project Manager, Development
Area of Talent: Development/Affordable Housing
Position Type: Full Time/Exempt
Location: NYC/Wall Street Area
Position Summary:
The Project Manager, Development reports to the Senior Vice President, Development and is responsible for originating and underwriting mortgage loans using funds raised through bond issuances and/or allocations of corporate reserves.The Project Manager, Development reports to the Senior Vice President, Development and is responsible for originating and underwriting mortgage loans using funds raised through bond issuances and/or allocations of corporate reserves.
Job Responsibilities:
- Underwrite mortgage loans (analyze loan proposals; review due diligence materials; prepare spreadsheets outlining each proposal; prepare credit memos; present loans to credit committee for approval).
- Coordinate mortgage loan closings with internal and external parties, including developers, other City agencies, bankers, bond underwriters and tax credit syndicators.
- Manage relationships with current and prospective developers/borrowers.
- Prepare management reports and loan tracking information.
- Assist in evaluating and/or formulating affordable housing program and policy initiatives.
Required Qualifications:
- Bachelor’s degree with substantial course work/credits specific to finance, and/or real estate.
- Demonstrated interest in affordable housing.
- Minimum of 2 years of relevant experience in real estate lending, and/or development.
- Proficiency in creating mortgage loan models and financial concepts.
- Strong interpersonal, verbal, and written communication skills, and the ability to build relationships with staff, executives and external partners.
- Strong organizational skills with excellent attention to detail.
Preferred Qualifications:
- Graduate degree in related field a plus.
- Knowledge of Federal, New York State, and New York City affordable housing programs and the development process is a plus.
Interested applicants may email a cover letter with salary requirements and resume to jobs@nychdc.com or fax to the Human Resources Department at (212) 227-6893.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits including health benefits, retirement savings and career development programs.
HDC is an Equal Opportunity Employer