Asset Manager at New York City Housing Development Corporation in New York, United States | USD65,000-75,000 | Kablio

Role

Description

loan closings

construction reporting

fund release

risk analysis

data management

compliance

The Asset Manager reports to the Director, Preservation Programs. Will handle a portfolio of construction loans and Mitchell-Lama properties, has responsibilities related to Mitchell-Lama compliance, construction lending, and maintaining, analyzing, and reporting on property data.

Explores solutions with managing agents and owners on compliance and financial problems.
Works with Preservation Finance and Legal Departments on Construction and Permanent loan closings.
Collaborates on monthly Construction Monitoring Report.
Reviews and authorizes advances for construction, loan, and reserve account releases.
Assists in analyzing potential risks and concerns within the portfolio.
Works with Cash Management to release construction funds for advances upon receipt of clear title.
Maintains property data and prepares reports and status accounts.

Requirements

excel

loan administration

project management

bachelor's

communication

problem solving

Knowledge and understanding of real estate documents, including Construction and Loan Notes, Loan Agreements, Disbursing Agreements, and Mortgages.
Strong verbal and written communication skills.
Understanding of payment applications including appraisals, AIA forms, contractor certifications, and lien waivers.
Ability and experience managing projects and time-sensitive deadlines.
A bachelor’s degree from an accredited college in finance, real estate, business administration or accounting.
Thorough understanding of loan administration, construction lending, and funding procedures.
Superior organizational, analytic, and problem-solving skills.
A minimum of 2 years of relevant experience with federal, state, or local housing programs, or a satisfactory combination of education and/or experience equivalent to the above.
1-3 years of Microsoft Excel experience performing intermediate-level functions.

Benefits

Salary Range: $65,000 – $75,000 annually

Wellness reimbursement
Dental and Vision Benefits at no cost
Back-up Caregiver Benefit
Public Service Loan Forgiveness for eligible employees
Retirement savings plan with a generous match and a pension plan
Professional development opportunities
Paid holiday, vacation, sick time and parental leave

Training + Development

Information not given or found

Interview process

Information not given or found

Visa Sponsorship

Information not given or found

Security clearance

Information not given or found

Company

Overview

201,000 homes

Homes Financed

Since 2003, the entity has financed over 201,000 affordable housing units across New York City.

$28 billion

Bonds Issued

Over $28 billion in tax-exempt multi-family housing bonds have been issued through the Open Resolution program.

5,000 units

Preserved Housing

Through the PACT initiative with NYCHA, 5,000 public housing units were preserved in 2023 alone.

AA+/Aa2

Credit Ratings

The entity holds AA+/Aa2 credit ratings, reflecting strong financial discipline and investor confidence.

Since 2003, it has financed over 201,000 homes with more than $28 billion in bonds and over $3 billion in subsidies. They hold AA+/Aa2 credit ratings, reflecting strong financial discipline and investor confidence.
Its flagship 'Open Resolution' issues billions in tax-exempt multi-family housing bonds to fuel affordable housing projects.
Typical projects range from new construction to preservation, spanning senior, family, formerly homeless, and mixed-income housing.
Its work revitalizes neighborhoods across all five boroughs—financing public-private partnerships in Brownsville, Hunts Point, Staten Island, and more.

Culture + Values

Financing the creation or preservation of affordable housing under Housing New York plan
Issuing mortgage revenue bonds to support affordable multi-family housing
Aligning bond financing with Social Bond Principles and Sustainability Bond Guidelines
Using Enterprise Green Communities Criteria for environmental quality in developments
Investing in public-private partnerships to revitalize neighborhoods across NYC

Environment + Sustainability

2019 Bonds

Introduced Sustainable Development Bonds

These bonds were introduced to finance affordable housing projects that are both socially beneficial and environmentally conscious.

60-70% Energy Savings

Energy-efficient senior housing project

The Passive House senior housing project uses significantly less energy than standard buildings, incorporating stormwater reuse features.

2015 Bonds

Sustainable Neighborhood Bonds

These bonds finance affordable housing projects that adhere to environmental and sustainability standards.

Projects comply with the Enterprise Green Communities Criteria, which is the only comprehensive green building framework for affordable housing.
Passive House senior housing (Haven Green) incorporates stormwater reuse via permeable surfaces and rooftop harvesting.

Inclusion & Diversity

Committed to recruiting and retaining a diverse workforce and promoting inclusive policies that cover legally protected statuses, including gender.
Currently lacks publicly available gender-related statistics or specific metrics on DEI outcomes.

Articles

Role

Description

loan closings

construction reporting

fund release

risk analysis

data management

compliance

Explores solutions with managing agents and owners on compliance and financial problems.
Works with Preservation Finance and Legal Departments on Construction and Permanent loan closings.
Collaborates on monthly Construction Monitoring Report.
Reviews and authorizes advances for construction, loan, and reserve account releases.
Assists in analyzing potential risks and concerns within the portfolio.
Works with Cash Management to release construction funds for advances upon receipt of clear title.
Maintains property data and prepares reports and status accounts.

Requirements

excel

loan administration

project management

bachelor's

communication

problem solving

Knowledge and understanding of real estate documents, including Construction and Loan Notes, Loan Agreements, Disbursing Agreements, and Mortgages.
Strong verbal and written communication skills.
Understanding of payment applications including appraisals, AIA forms, contractor certifications, and lien waivers.
Ability and experience managing projects and time-sensitive deadlines.
A bachelor’s degree from an accredited college in finance, real estate, business administration or accounting.
Thorough understanding of loan administration, construction lending, and funding procedures.
Superior organizational, analytic, and problem-solving skills.
A minimum of 2 years of relevant experience with federal, state, or local housing programs, or a satisfactory combination of education and/or experience equivalent to the above.
1-3 years of Microsoft Excel experience performing intermediate-level functions.

Benefits

Salary Range: $65,000 – $75,000 annually

Wellness reimbursement
Dental and Vision Benefits at no cost
Back-up Caregiver Benefit
Public Service Loan Forgiveness for eligible employees
Retirement savings plan with a generous match and a pension plan
Professional development opportunities
Paid holiday, vacation, sick time and parental leave

Training + Development

Information not given or found

Interview process

Information not given or found

Visa Sponsorship

Information not given or found

Security clearance

Information not given or found

Company

Overview

201,000 homes

Homes Financed

Since 2003, the entity has financed over 201,000 affordable housing units across New York City.

$28 billion

Bonds Issued

Over $28 billion in tax-exempt multi-family housing bonds have been issued through the Open Resolution program.

5,000 units

Preserved Housing

Through the PACT initiative with NYCHA, 5,000 public housing units were preserved in 2023 alone.

AA+/Aa2

Credit Ratings

The entity holds AA+/Aa2 credit ratings, reflecting strong financial discipline and investor confidence.

Since 2003, it has financed over 201,000 homes with more than $28 billion in bonds and over $3 billion in subsidies. They hold AA+/Aa2 credit ratings, reflecting strong financial discipline and investor confidence.
Its flagship 'Open Resolution' issues billions in tax-exempt multi-family housing bonds to fuel affordable housing projects.
Typical projects range from new construction to preservation, spanning senior, family, formerly homeless, and mixed-income housing.
Its work revitalizes neighborhoods across all five boroughs—financing public-private partnerships in Brownsville, Hunts Point, Staten Island, and more.

Culture + Values

Financing the creation or preservation of affordable housing under Housing New York plan
Issuing mortgage revenue bonds to support affordable multi-family housing
Aligning bond financing with Social Bond Principles and Sustainability Bond Guidelines
Using Enterprise Green Communities Criteria for environmental quality in developments
Investing in public-private partnerships to revitalize neighborhoods across NYC

Environment + Sustainability

2019 Bonds

Introduced Sustainable Development Bonds

These bonds were introduced to finance affordable housing projects that are both socially beneficial and environmentally conscious.

60-70% Energy Savings

Energy-efficient senior housing project

The Passive House senior housing project uses significantly less energy than standard buildings, incorporating stormwater reuse features.

2015 Bonds

Sustainable Neighborhood Bonds

These bonds finance affordable housing projects that adhere to environmental and sustainability standards.

Projects comply with the Enterprise Green Communities Criteria, which is the only comprehensive green building framework for affordable housing.
Passive House senior housing (Haven Green) incorporates stormwater reuse via permeable surfaces and rooftop harvesting.

Inclusion & Diversity

Committed to recruiting and retaining a diverse workforce and promoting inclusive policies that cover legally protected statuses, including gender.
Currently lacks publicly available gender-related statistics or specific metrics on DEI outcomes.

Articles