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:
Mortgage Loan System Analyst
Project Manager/Senior Project Manager
Assistant/Associate General Counsel
Assistant/Associate General Counsel
Project Manager, Development
HDC is an Equal Opportunity Employer
Mortgage Loan System Analyst
Area of Talent: Finance/Real Estate Lending/Affordable Housing/Loan Operations
Position Type: Full Time/Exempt
Location: NYC/Wall Street Area
Position Summary:
The Mortgage Loan System Analyst reports to the Vice President, Capital Markets and is responsible for a portfolio of construction loans; has responsibilities related to loan closings and construction administration processes and will utilize the Benedict Group Incorporated (BGI) LOANS! For .NET system, the loan servicing software used to manage HDC’s mortgage loan portfolio.
Job Responsibilities:
- Works with Development, Legal, and Capital Market Departments on new loan setup for closings/conversions.
- Performs billing and advance reconciliation with servicing bank.
- Ability to review and understand real estate legal documents including Construction Notes, Construction Loan Agreements, and Servicing Agreements
- Performs a quality assurance review, on a daily basis, of all account receivable postings and account payable transactions.
- Troubleshoots and resolves system and/or processing issues.
- Maintains and revises the account mapping structure for the daily and monthly interfaces with the Cash Management system and the Accounting General Ledger.
- Reconciles discrepancies between cash transactions and accounting journal entries.
- Creates ad hoc reports and assists IT developers to design standardized management reports.
- Assists in resolving issues with HDC Legal and Development Teams.
- Trains staff to use the loan servicing system.
- Helps create and implement HDC operations policies & procedures.
Required Qualifications:
- A Bachelor’s Degree from an accredited college in a related field such as Finance, Real Estate Finance and/or Business Administration.
- 2-3 years minimum of relevant real estate finance experience and/or mortgage operations; or, a satisfactory combination of experience/or education that is equivalent to the above.
- Thorough understanding of mortgage loans, terms and amortization.
- Proficiency with Microsoft Office suite specifically Excel experience performing Advanced level functions.
- High level of proficiency in mathematics, data analysis and financial modeling.
- Ability and experience managing projects and time-sensitive deadlines.
- Superior organizational, analytic, and problem solving skills.
- Strong communication skills.
- Ability to build relationships with staff, executives and external partners.
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
Assistant/Associate General Counsel
Area of Talent: Real Estate/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 in negotiating, analyzing, structuring and closing secured loan transactions.
Job Responsibilities:
- Drafts commitments, regulatory agreements, notes and mortgages.
- Reviews and analyzes due diligence items for real estate transactions, including title.
- Reviews documents of borrower’s and lender’s counsel.
- Assists in converting construction loans to permanent loans.
- 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 transactional real estate, corporate transactions and/or 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