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:

Compliance Specialist
Portfolio Analyst
Loan Servicing Clerk
Credit Analyst
Assistant General Counsel

 

 


 HDC is an Equal Opportunity Employer

Compliance Specialist

Area of Talent:    Compliance/Affordable Housing/Low Income Housing Tax Credit

Position Type:     Full Time/Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

The Compliance Specialist reports to the Assistant Vice President of Compliance and is responsible for monitoring and evaluating compliance within HDC’s Low Income Housing Tax Credit (LIHTC), Tax Exempt Bond (TEB), and Taxable Bond (TB) properties. 
 

Job Responsibilities:

  • Performs on-site LIHTC and TEB audits of properties pursuant to Section 42 and 142 of the Internal Revenue Code.
  • Reviews annual owner certification packages and rent rolls to ensure ongoing programmatic and regulatory compliance.
  • Monitors program updates on a regular basis and takes the appropriate actions to ensure compliance.
  • Prepares and maintains timely, accurate, and updated compliance reports.
  • Establishes and maintains key external relationships with property owners, managing agents and various governmental agencies.
  • Acts promptly to respond in writing to inquiries and complaints.
  • Assists in all functions of HDC’s Leasing and Marketing Groups.
  • Provides technical assistance to stakeholders.  
     

Required Qualifications:

  • A Bachelor’s Degree from an accredited college in a related field and relevant affordable housing industry experience; or,
  • A satisfactory combination of education and/or experience that is equivalent to the above.
  • Ability to travel frequently by public transportation primarily in New York City.
  • Ability to work independently and meet critical deadlines.
  • Superior organizational, problem solving, oral and written communication skills.
  • High level of proficiency in mathematics and data analysis.
  • Proficiency with Microsoft Office suite specifically Excel and Word.
     

Preferred Qualifications:

  • Working knowledge of Fair Housing and Rent Stabilization guidelines
     

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

Portfolio Analyst

Area of Talent:    Asset Management/ Affordable Housing

Position Type:     Full Time/Non-Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

The Portfolio Analyst reports to the Vice President, Portfolio Analysis, actively monitoring and performing analysis of risk exposure for housing developments and loans within the HDC Asset Management portfolio.  The Portfolio Analyst evaluates the physical and financial performance of assigned projects.

 

Job Responsibilities:

  • Establish and maintain relationships with project owners, managing agents and various governmental agencies.
  • Review and analyze financial statements and physical inspection reports for each property.
  • Work closely with HDC Engineers on physical inspections that require timely follow up.
  • Monitor and take appropriate and swift action on financial issues such as mortgage delinquencies.
  • Work closely with Senior HDC staff to assess the performance of the HDC portfolio and to help to design workout strategies for delinquent properties.
  • Identify project-specific regulatory obligations through thorough review of legal documents and agreements.
  • Occasionally perform field audits and site inspections to gain familiarity and experience with assigned projects; requiring local travel via public transportation to project locations within the five boroughs of NYC.

 

Required Qualifications:

  • Bachelor’s degree in finance, real estate, or accounting; business administration with substantial course work/credits specific to finance, real estate, and/or accounting also acceptable.
  • Strong financial analysis skills.
  • Proficiency in Microsoft Office.
  • 1-3 years Microsoft Excel experience performing Intermediate level functions including spreadsheet creation and database management.
  • 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:

  • Working knowledge of affordable housing programs.
     

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

Loan Servicing Clerk

Area of Talent:    Loan Servicing/ Affordable Housing

Position Type:     Full Time/Non-Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

This position reports to the Vice President, Loan Servicing, supporting the VP and the Loan Servicing team handling various responsibilities or projects as needed.

 

Job Responsibilities:

  • Monitor mortgage loan maturities and balloon payments.
  • Perform escrow analysis to ensure sufficient funds are available for upcoming real estate tax bills, insurance premiums and water and sewer charges. Obtain missing invoices when needed.
  • Coordinate:
    •  year- end reporting of real estate taxes and liens
    • departmental work flow for reserves for replacement and surplus cash
    • delinquency reporting for the loan servicing team

  • Liaison with the New York City Department of Housing and Preservation Development (“HPD”) on new loans, balance requests and balance reconciliations.  Preparation and review of monthly HPD remittance.
  • Distribution of incoming and outgoing departmental mail.
  • Other projects/responsibilities, as assigned.

 

Required Qualifications:

  • A Bachelor’s Degree from an accredited college in a related field such as finance, accounting, business administration.
  • Strong financial analysis skills as well as knowledge of basic financial and mortgage related terminology.
  • Proficiency with Microsoft Office suite specifically Outlook, Excel and Word, including mail merge.
  • Proficiency with a scanning system, preferably Knowledge Lake.
  • Ability to work independently as well as in a team environment. 
  • Strong organizational skills with excellent attention to detail.
  • Strong interpersonal, verbal and written communication skills and the ability to manage communications with 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

Credit Analyst

Area of Talent:    Credit Risk/ Affordable Housing

Position Type:     Full Time/Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

The Credit Analyst reports to the Chief Risk Officer and will be an active participant in the monitoring and analyzing of HDC’s credit risk exposures, policies, and procedures.  The Credit Analyst will be responsible for performing loan portfolio analysis and any other analysis related to HDC’s credit risk exposures.  Additionally, the Credit Analyst will assist with special projects as directed by Risk Management staff.

 

Job Responsibilities:

  • Participate in the development and monitoring of credit risk management policies and procedures.
  • Assist in the analysis of various types of lending proposals according to HDC’s credit policies.
  • Assist in the research and reporting of program participant credit quality according to HDC’s credit policies.
  • Develop and maintain financial models for assessing credit quality and asset management.
  • Assist with coordination of the Corporation’s Credit Committee, including review and dissemination of credit memos and maintenance of the Committee’s minutes.
  • Monitor and update credit rating agency actions (Moody’s and S&P).
  • Assist in the subsidy layering review process for projects utilizing HFA Risk Share Program.
  • Assist in the annual maintenance and operating (M&O) expense review, including the research of each line item’s history and the projection of future increases.
  • Assist in the maintenance of the minutes for internal Corporation committees (including both Credit and Audit Committees).
  • Perform periodic regulatory reviews of internal loan portfolios.
  • Keep current on financial, accounting, and tax changes related to real estate and housing development that may impact HDC’s credit policies.
  • Perform such other duties as assigned by the Risk Management staff.

 

Required Qualifications:

  • Bachelor’s degree from an accredited college or university in finance or real estate.
  • Minimum one to three years of analytical work experience, preferably in affordable housing.
  • Proficiency and working knowledge of computer programs for financial analysis and database management, including Microsoft Office (Excel, Word, and PowerPoint).
  • Experience building financial models and performing portfolio analysis.
  • Experience developing financial reports and presenting findings to management.
  • Excellent oral and written communication skills.
  • Excellent organizational skills and attention to detail.
  • Ability to work independently or under the direction of other Risk Management team members.
  • Ability to multitask and prioritize multiple projects.
  • Affordable housing industry experience preferred.

 

 

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 General Counsel

Area of Talent:    Public Finance/ Real Estate

Position Type:     Full Time/Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

The Assistant General Counsel reports to the General Counsel and Deputy General Counsel, Legal Department and serves as counsel for HDC in negotiating, analyzing, structuring and closing secured loan and bond transactions.

 

Job Responsibilities:

  • Drafts commitments, regulatory agreements, notes and mortgages.
  • Reviews and analyzes title and due diligence items regarding real estate.
  • 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.
  • 2-5 years minimum of relevant experience in transactional real estate, corporate transactions and/or public finance or, a satisfactory combination of experience/or education that is equivalent to the above.
  • Superior organizational, analytic, and problem solving skills.
  • Strong communication skills.
  • Proficiency with Microsoft Office suite.

 

 

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