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About the Role

The Senior Preservation Programs Manager assists in preserving affordable housing in New York State by collaborating with developers, owners, managers, and other Agency units to promote portfolio stability. This role supports strategic preservation initiatives, leads transactions such as subsidy and grant closings, refinancings, and workouts for distressed projects. It also involves risk assessment, delinquency monitoring, and prioritizing projects for the preservation subsidy pipeline.

Responsibilities

Evaluate feasibility and eligibility of projects applying for preservation awards
Maintain preservation program pipelines and manage internal approvals for projects closing on subsidy/grants
Interact with property owners/managers/developers
Review project loan documents and regulatory agreements
Perform analyses of portfolio-level financial information to identify trends and vulnerabilities
Review and update delinquencies information from the Mortgage Insurance Fund and external first position lenders
Prepare written materials for presentation to Credit Committee and Board
Train and assist other staff regarding preservation program financial review and project management
Assess property risk profiles, in collaboration with other OHP staff
Assess and make recommendations regarding the workout, repositioning, or intervention strategies for distressed properties
Maintain project prioritization documents
Develop a timeline and the approach needed to bring each transaction from intake to completion
Attend calls, meetings, and discussions in connection with proposed initiatives or transactions
Provide regular progress reports to senior Agency staff
Work closely with Agency Legal staff to prepare for closings
Attend courses, conferences, and other industry events
Some travel required
Assist in other functions/duties of Office of Housing Preservation as assigned

Requirements

Bachelor’s Degree in related field
5+ years of professional experience in the affordable housing industry
LIHTC experience highly preferred
Proficiency in Microsoft Office applications
Strong written and verbal communication skills
Strong research abilities
Strong project management skills and follow-through
Ability to take charge, multi-task and prioritize appropriately in a constantly changing environment and act with a sense of urgency and accountability
Highly driven and values entrepreneurialism; works well within ambiguity
Exceptional attention to detail
Sound judgment

Skills

LIHTC experience
Quantitative, financial analysis and modeling (excel) skills
Knowledge of government housing programs (LIHTC, Mitchell-Lama, Section 8, Enhanced Vouchers, RAD Conversions, Inclusionary Housing, HOME, etc.)
Microsoft Office applications
Written and verbal communication
Research
Project management
Multi-tasking
Prioritization
Urgency
Accountability
Entrepreneurialism
Attention to detail
Judgment

Location

New York City
Albany
Buffalo
Syracuse

Work Type

Full-time

Experience Level

5+ years of professional experience

Education Level

Bachelor’s Degree
Advanced Degree (desirable)

Benefits

Extensive benefits package
Paid leave
Excellent health, dental, vision and retirement benefits with the New York State & Local Employees’ Retirement System
Promotional opportunity
Work life balance benefits
37.5-hour work week
Paid time off benefits including vacation, sick, and personal days
Federal Holidays
12 weeks of Paid Parental Leave
Paid Family Leave
Opportunity for compressed/flextime scheduling
Cash in for Wellness program (health club membership, weight loss, smoking cessation)
Tuition reimbursement program
Vacation Leave Buy-Back program
Access to Plum Benefits (savings on entertainment)
Optical reimbursement program ($650 per year, per family, with carryover up to $1300)

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.
The Office of Housing Preservation manages HCR programs that maintain and enhance the state’s portfolio of existing affordable housing.
The Statewide Asset Management Unit (SAMU) is responsible for the asset management and compliance monitoring of the Agency’s existing housing loan portfolio.
HCR is a vibrant, innovative agency that integrates and leverages New York State’s housing resources.
We have offices in New York City, Albany, Buffalo and Syracuse, and employ a diverse workforce of professionals who are hard-working and committed to serving low- and moderate-income families.
Our mission far reaching, encompassing single and multifamily housing finance, home improvement, rent regulation, housing subsidies, and community development.
We partner regularly with a variety of public and private stakeholders.
We seek to provide a workplace environment that is productive, flexible, accountable, ethical, and caring.
Our employees are empowered to make a difference where they live and work.

Equal Opportunity

NYS Homes and Community Renewal (HCR) is committed to fostering a culture of diversity, equity, inclusion, and accessibility.
Our work would not be possible without the diverse backgrounds, experiences, ideas, and abilities of our employees.
HCR is committed to developing a workforce which represents the diverse population of New York State.
HCR embraces a diverse and inclusive work environment by encouraging all individuals, including those with disabilities, to apply to open positions at the agency.