Loading... Please wait...

Join Us

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 jobs@nychdc.com or fax your cover letter and resume to (212) 227-6893.

Available Positions

Project Manager

Reports to: Sr. Vice President

Department:  Development

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.

 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

Requirements:

  • Proficiency in creating mortgage loan models
  • Understanding of financial concepts
  • Excellent communication skills (oral/written)
  • Advanced degree in a related field
  • Comparable experience (min. 2 years) 

 

Freelance Writer Annual Report

HDC is the nation’s number one issuer of bonds for multi-family affordable housing. We are the only municipal housing finance agency in the nation to receive Top Tier designation and an AA general obligation rating from Standard & Poor’s. We issue tax-exempt and taxable bonds to finance low-cost mortgages to developers for the creation and preservation of affordable housing.

You are invited to submit a bid to write our 2013 Annual Report.  The writer selected can work in-house or off-site. The price quoted should be based on producing a complete final draft by May 19, 2014. HDC will determine the theme and subject matter of the report. To see previous annual reports online, please visit our website at www.nychdc.com. For consideration, please include credentials, writing samples and compensation requirements.  Also include quotes for the following services

  • Hourly Rate
  • Number of hours anticipated to complete assignment, including:
    • Research & Interviews as required
    • Site Visits (within the five boroughs)
    • Minimum of three (3) face-to-face working sessions
    • Two (2) Revisions
    • Writing 4-5 Sidebars on HDC-selected topics (100-150 words)
    • Writing five (5) narratives (up to 750 words each)

Your quote should include any anticipated miscellaneous charges including transportation related to completing the assignment. Please address all inquiries to Christina Sanchez, as listed above. Final bid documents ONLY should be submitted to Catie Marshall as instructed below. For your bid to receive consideration, the following conditions must be met:

1. All quotations must be received no later than the close of business on April 8, 2014. Quotations received after the inquiry closing date will not be considered as acceptable and will not be evaluated.

2. Bidder shall mail the original or fax copies of the proposal as follows:

New York City Housing Development Corporation

110 William Street, 10th floor

New York, NY 10038

Attn:  Catie Marshall

or fax to: (212) 815-7313

3. In addition, as per Local Law 34 of 2007 (LL 34), vendors that are considered to be doing business with the City as defined by LL 34 are required to complete a Doing Business Data Form. Please complete the attached forms, as no award can be made unless the Data Form is filled out completely, and returned to us along with your proposal.

If you have any questions regarding the attached information, please contact csanchez@nychdc.com.