The New York City Housing Development Corporation (HDC) is the nation’s number one issuer of bonds for multi-family affordable housing. Established as a public benefit corporation by the State of New York in 1971, HDC is responsible for financing the creation and preservation of affordable housing within the five boroughs of New York City. The financing provided by HDC is in the form of low-cost mortgages made through the sale of tax-exempt and taxable bonds. Our programs are designed for multi-family rental housing and cooperative developments and serve a wide range of income segments from very-low to middle-income tenants.
HDC is an equal opportunity employer. Please email your resume to email@example.com or fax your cover letter and resume to (212) 227-6893.
Reports to: Sr. Vice President
The Development Department is responsible for bringing new and viable projects into HDC by researching proposals, performing underwriting, guiding projects through HDC’s Credit Committee and Board approval process, creating sound financial programs and structures that leverage the Corporation’s assets while encouraging private investment.
Position Summary: This position originates and underwrites mortgage loans using funds raised through bond issuances and/or allocations of corporate reserves.
Residential Mortgage Insurance Corporation (“REMIC”) Project Manager
Supervisor: Executive Vice President, REMIC
The New York City Residential Mortgage Insurance Corporation (“REMIC”) is a public benefit corporation created to promote the production and rehabilitation of affordable housing in New York City through the issuance of mortgage insurance. REMIC plays an integral role in New York City’s efforts to stabilize and revitalize the City’s diverse neighborhoods.
The REMIC Project Manager is responsible for the management of projects within the REMIC portfolio. This entails researching and analyzing each new project with the goal of prudently underwriting the mortgage within REMIC credit parameters and statutory requirements. In addition, the REMIC Project Manager will coordinate all aspects of the underwriting process from beginning (initial proposal) to end (issuance of a Certificate of Insurance).