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About the Role

The Associate Counsel will perform legal services related to asset management and regulatory oversight of projects under HCR’s Statewide Asset Management Unit (SAMU). This role involves reviewing and negotiating legal documents, responding to legal questions regarding affordable housing requirements, and handling loan workouts and enforcement actions. The position also includes supervising legal staff and reporting to the HFA Deputy Counsel.

Responsibilities

Reviewing and negotiating legal documents of SAMU projects undergoing ownership transfers and refinancing.
Responding to legal questions and issues in connection with HCR’s affordable housing requirements.
Handling loan workouts and mortgage/regulatory enforcement of SAMU projects.
Negotiating and closing certain HCR mortgage loans of affordable housing projects.
Managing HCR administrative and program matters.
Supervising Assistant Counsels and legal support staff.

Requirements

Must be admitted to the practice of law in New York State.
Minimum of five years of experience in providing legal counsel with respect to affordable housing programs, real estate lending or asset management, public finance, and other corporate transactions.
Experience supervising attorneys or support staff.
Proficiency in Microsoft Office and other standard applications.
Ability to work independently, manage multiple matters, and achieve deadlines.

Skills

Affordable housing programs
Real estate lending
Asset management
Public finance
Corporate transactions
Loan workouts
Bankruptcy matters
Excellent oral and written communication skills
Attention to detail
Analytical thinking
Respect for colleagues
Microsoft Office proficiency

Location

New York City

Work Type

Full-time

Experience Level

Minimum of five years of experience

Education Level

Admitted to the practice of law in New York State

Benefits

Extensive benefits package
Paid leave
Health benefits
Dental benefits
Vision benefits
Retirement benefits with the New York State & Local Employees’ Retirement System
Promotional opportunity
Work life balance
37.5-hour work week
Vacation days
Sick days
Personal days
Federal Holidays
Opportunity for compressed scheduling
12 weeks of Paid Parental Leave
Paid Family Leave
Opportunity for compressed/flextime scheduling
Eligibility for Federal Public Service Loan Forgiveness Program (PSLF)
Cash in for Wellness program
Tuition reimbursement program
Vacation Leave Buy-Back program
Access to Plum Benefits
Optical reimbursement program
Hearing aid reimbursement program
Podiatric expenses reimbursement program

About the Company

New York State Homes and Community Renewal (HCR) is the State’s affordable housing agency, with a mission to build, preserve, and protect affordable housing and increase homeownership throughout New York State.
HCR is committed to fostering a culture of diversity, equity, inclusion, and accessibility.
HCR is committed to developing a workforce that represents the diverse population of New York State.
HCR has offices in New York City, Albany, Buffalo, and Syracuse.
HCR's mission encompasses single and multifamily housing finance, home improvement, rent regulation, housing subsidies, and community development.
HCR partners regularly with a variety of public and private stakeholders.
HCR seeks to provide a workplace environment that is productive, flexible, accountable, ethical, and caring.
HCR offers competitive pay and a comprehensive benefits package.

Equal Opportunity

New York State is an Equal Opportunity Employer (EOE)