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:

Compliance Specialist
Project Manager, Preservation Finance
 

 


 

Compliance Specialist

Area of Talent:  Compliance/Affordable Housing/Low Income Housing Tax Credit
Position Type:  Full Time/Exempt
Location:  NYC/Wall Street Area

Position Summary:

The Compliance Specialist reports to the Deputy Director of Compliance and is responsible for monitoring and evaluating compliance within HDC’s Low Income Housing Tax Credit (LIHTC), Tax Exempt Bond (TEB), and Taxable Bond (TB) properties. 

 

Job Responsibilities:

  • Performs on-site LIHTC and TEB audits of properties pursuant to Section 42 and 142 of the Internal Revenue Code.
  • Reviews annual owner certification packages and rent rolls to ensure ongoing programmatic and regulatory compliance.
  • Monitors program updates on a regular basis and takes the appropriate actions to ensure compliance.
  • Prepares and maintains timely, accurate, and updated compliance reports.
  • Establishes and maintains key external relationships with property owners, managing agents and various governmental agencies.
  • Acts promptly to respond in writing to inquiries and complaints.
  • Assists in all functions of HDC’s Leasing and Marketing Groups.
  • Provides technical assistance to stakeholders.  

 

Required Qualifications:

  • A Bachelor’s Degree from an accredited college in a related field and relevant affordable housing industry experience; or,
  • A satisfactory combination of education and/or experience that is equivalent to the above.
  • Ability to travel frequently by public transportation in New York, Bronx, Brooklyn, Queens and Richmond Counties.
  • Ability to work independently and meet critical deadlines.
  • Superior organizational, problem solving, oral and written communication skills.
  • High level of proficiency in mathematics and data analysis.
  • Proficiency with Microsoft Office suite specifically Excel and Word.

 

Preferred Qualifications:

  • Working knowledge of Fair Housing and Rent Stabilization guidelines

 

Submitted resumes must be accompanied by a cover letter that includes salary requirements.

Please email your cover letter and resume to jobs@nychdc.com or fax to (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

 


Project Manager, Preservation Finance

Area of Talent:  Finance/Real Estate Lending/Affordable Housing
Position Type:  Full Time/Exempt
Location:  NYC/Wall Street Area

Position Summary:

The Project Manager, Preservation Finance reports to the Vice President, Asset Management and is responsible for originating and underwriting mortgage loans using funds raised through bond issuances and/or allocations of corporate reserves to preserve and rehabilitate affordable housing developments in HDC’s portfolio.

Job Responsibilities:

  • Underwrite mortgage loans (analyze loan proposals; review due diligence materials; prepare spreadsheets outlining each proposal; prepare credit memos; present loans to HDC’s Credit Committee and Board for approval).
  • Coordinate mortgage loan closings with internal and external parties, including developers/borrowers, other governmental agencies, bankers, bond underwriters and tax credit syndicators.
  • Manage relationships with current and prospective developers/borrowers.
  • Manage communications with resident organizations and local officials.
  • 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.

 

Submitted resumes must be accompanied by a cover letter that includes salary requirements.

Please email your cover letter and resume to jobs@nychdc.com or fax to (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