Senior Director for Transactions

Responsibilities

• Predevelopment Pipeline Management
• Co-lead the sourcing, underwriting, and closing of NYCHA’s real estate transactions, amounting to over $6 billion in investments across multiple projects, under the direction of the Vice President for Transactions.
• Provide oversight and guidance to project managers on financial modeling, local and federal approvals, and lead negotiations of key terms with our external partners.
• Manage financial closing process, including leading communication with lenders, City agency partners, and HUD as they prepare for project closings.
• Oversee (or undertake directly) the coordination and compliance with all requirements for closing and funding of transactions, including internal NYCHA policies to approve projects through the disposition process.
• Ensure all HUD applications and materials meet requirements and are submitted on a timeline that aligns with NYCHA’s real estate objectives.
• Manage and Build Relationships with External Funders
• Conduct pipeline management and closing planning with NYC HDC and other lenders.
• Identify appropriate financing strategies and evaluate financing proposals for other real estate transactions outside of the PACT program.
• Lead Strategic Financial Planning for the Real Estate Development Department
• Collaborate with external partners and consultants on potential real estate transactions and other financial opportunities to bring value to NYCHA.
• Form and/or strengthen internal relationships with asset management counterparts to successfully transition closed projects and build a feedback loop into existing pipeline.
• Provide guidance for teams within REDD on pipeline development.
• Collaborate with teams within REDD on financial analyses of our pipeline of closed projects.
• Direct Redevelopment Projects
• Assemble and supervise teams across verticals and coordinate with other NYCHA departments to manage daily activities leading up to conversion.
• Provide REDD and NYCHA leadership with recommended actions to enhance on-site conditions prior to redevelopment.
• Publish innovative procurement procedures for redevelopment and non-traditional PACT projects to leverage existing engagement, improve cost containment, and increase the pace of delivery.
• HUD Disposition Strategies
• Serve as department lead on identifying the optimal disposition strategies for redevelopment projects, PACT projects, and new construction opportunities (Delayed Conversion, Transfer of Assistance, etc.).
• Conduct Special Research Projects for Immediate Implementation
• Collaborate with REDD leadership and other NYCHA departments to identify priority topics that require dedicated research support.
• Produce quarterly work plans to produce actionable recommendations.
• Avoid Repetitive Content