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
Marketing and Compliance Specialist
Assistant General Counsel, Legal Department
Accountant
Project Manager, Development
 

 HDC is an Equal Opportunity Employer

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 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 primarily in New York City.
  • 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
     

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

Marketing and Compliance Specialist

Area of Talent:    Compliance/Marketing/Affordable Housing

Position Type:     Full Time/Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

The Marketing and Compliance Specialist reports to the Assistant Vice President of Marketing and monitors all aspects of the marketing and ongoing lease-up of HDC financed developments while ensuring strict adherence to HDC compliance and statutory requirements.  Must be proactive, innovative and detailed-oriented with a broad understanding of affordable housing and marketing compliance.  The position ensures the communication and enforcement of all policies and regulations throughout HDC’s portfolio. 

 

Job Responsibilities:

  • Field complaints from applicants, elected officials, owners and agents and provide timely and detailed responses substantiated by HDC regulatory and programmatic guidelines.
  • Regular review of HDC portfolio and implementation of corrective compliance measures as needed.
  • Streamline and create systems to ensure ongoing compliance throughout the HDC portfolio.
  • Review applicant files for programmatic eligibility.
  • Coordinate and take the lead in HDC Marketing and Compliance meetings.
  • Review Marketing Plans to ensure initial and long term Regulatory and Marketing compliance.
  • Establish and maintain relationships with project owners, managing agents and various government agencies.
  • Monitor Affordable Housing Lotteries for advertised projects, including lottery logs, to ensure proper processing of applicants.
  • Coordinate with other HDC departments to resolve regulatory issues.
  • Prepare and maintain timely, accurate, and updated project records and compliance reports.
  • Conduct offsite audits of housing lotteries, tenant files and unit inspections.
  • Review rent rolls and annual owner certification packages to ensure ongoing programmatic and regulatory compliance.
  • Monitor and ensure that HDC’s website is up to date.

 

Required Qualifications:

  • A Bachelor’s Degree from an accredited college in a related field and relevant affordable housing industry experience.
  • A satisfactory combination of experience and/or education that is equivalent to the above.
  • Demonstrated ability to create and implement new systems to streamline existing protocols to maximize productivity and oversight.
  • Ability to work independently and meet critical deadlines.
  • Superior organizational, analytic, problem solving skills.
  • Strong oral and written communication skills.
  • Proficiency in data analysis and regulatory agreement review.
  • Thorough understanding of the low-income housing tax credit (LIHTC) program including LIHTC or comparable certifications/experience.
  • Microsoft Office: Proficiency in Excel, Word and Power Point.
  • Ability to travel by public transportation in all five boroughs.

 

Preferred Qualifications:

  • Comprehensive understanding of affordable housing Marketing Guidelines, 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

 

 

 HDC is an Equal Opportunity Employer

Assistant General Counsel, Legal Department

Area of Talent:    Public Finance/Real Estate

Position Type:     Full Time/Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

The Assistant 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 with a secondary responsibility for real estate transactions.

 

Job Responsibilities:

  • Reviews official statements, bond purchase agreements and bond resolutions.
  • Reviews and analyzes due diligence items for bond transactions.
  • Drafts commitments, notes and mortgages.
  • Handles general miscellaneous legal duties as assigned.

 

Required Qualifications:

  • Law Degree from an accredited Law School.
  • 1-3 years minimum of relevant experience in public finance or current New York City affordable housing real estate.
  • Superior organizational, analytic, and problem solving skills.
  • Strong communication skills.
  • Proficiency with Microsoft Office suite specifically Word, Excel and Outlook.

 

​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

 

 

 HDC is an Equal Opportunity Employer

Accountant

Area of Talent:    Accounting/Affordable Housing

Position Type:     Full Time/Non-Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

The Accountant reports to the Chief Accountant and is responsible to apply the principles of accounting to process, analyze and report financial transactions.

 

Job Responsibilities:

  • Process financial transactions related to Bond, Mortgage, Investment and Escrows in the General Ledger.
  • Calculate and record revenue and expense accruals in the General Ledger.
  • Review investment, bonds and mortgage related transactions and amortize deferred revenues and expenses.
  • Prepare bank reconciliations, account analysis, mortgage confirmation and payoff amounts.
  • Prepare periodic and annual financial statements with supporting schedules and footnote disclosures.

 

Required Qualifications:

  • Bachelor’s degree in Accounting from an accredited college or university, and two years’ experience in a related area and/or internship; or equivalent combination of education and experience.
  • Proficiency in Microsoft Office – Word, Excel, and Outlook.
  • Detail oriented with the ability to multi-task and work both independently and as part of a team.
  • Excellent written and oral communication skills.

 

Preferred Qualifications:

  • Familiarity with Oracle.
  • Knowledge of investment securities.

 

​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

 

 

 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.

 

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:

  • A Bachelor’s degree with substantial course work/credits specific to finance, and/or real estate; a minimum of 2 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.

 

​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