Senior Director of Preservation

Description

Location: 488 Madison Avenue, New York, NY (Hybrid)

Compensation & Benefits: Salary Range: $165,000 to $185,000, with the final offer determined based on the candidate’s experience and relevant expertise. Benefits: Comprehensive benefits package through Catholic Charities, including health, dental, and vision.

• Vacation: 4 weeks of paid vacation annually, plus holidays.

Summary

Catholic Homes New York is dedicated to the belief that having a home is a sacred human right. Operating across 10 New York counties, we oversee a portfolio of approximately 3,000 affordable units and specialize in developing, constructing, and acquiring housing for families, seniors, and supportive populations. We are committed to the long-term stability of our communities by providing self-funded social services and actively growing our portfolio through new construction and strategic acquisitions.

Platform Strategy & Capitalization

Build the Platform: Lead the end-to-end investment lifecycle, from initial concept to board-level execution, ensuring every transaction aligns with a mission-driven, faith-based mandate.

Entity & Partnership Buyouts

Identify and negotiate the acquisition of Limited Partner (LP) and General Partner (GP) interests from exiting entities to consolidate portfolio control.

Capital Structuring

Engineer complex equity and debt stacks, integrating internal capital, co-GP partnerships, institutional endowments, and strategic equity funds to scale the acquisition platform.

Strategic Exit Management

Execute buyouts utilizing creative deal structures—including non-cash or capital-efficient transfers—leveraging strategic tax advantages and mission-alignment to facilitate partner exits.

Strategic Reporting

Author high-level investment memos and strategic analysis for the Catholic Homes Board, synthesizing financial returns, risk mitigants, and mission-fit within the 10 counties we serve.

Advanced Financial Engineering & Underwriting

Portfolio Modeling: Oversee the development of sophisticated acquisition pro formas, including multi-year cash flow projections, development budgets, and sensitivity analyses.

Regulatory Expertise

Direct the financial structuring of diverse subsidy environments, including LIHTC, Tax-Exempt Bonds, HPD/HDC term sheets, State/City tax exemptions, the HUD 202 program, and rent stabilization frameworks.

Performance Optimization

Evaluate Year 15 transitions and recapitalization opportunities by synthesizing rent rolls, operating expenses, and audit data into long-term growth strategies.

Deal Sourcing & Pipeline Development

Maintain and expand a proprietary pipeline of off-market opportunities through high-level relationships with brokers, property owners, parishes, and community partners.

Feasibility Oversight

Direct market research initiatives—including sales/rent comps and demographic trends—to identify emerging opportunities for social-service-integrated housing.

Platform Expansion

Identify and vet new markets and partnership models to broaden the organization’s footprint and impact.

Execution & Due Diligence Management Workflow

Institutionalize standardized due diligence workflows, coordinating legal counsel, third-party vendors, and internal stakeholders to ensure seamless execution.

Public Financing Leadership

Spearhead the preparation and submission of complex financing applications for public agencies (HUD, HPD, HFA, HDC).

Closing Oversight

Maintain accountability for critical dates, covenants, and contingencies to ensure timely, successful closings for all transactions.

Cross-Functional Leadership

Lead the integration of internal financial strategy with external social service and property management operations, institutionalizing a feedback loop that aligns acquisition assumptions with on-the-ground performance.

Community Stewardship

Lead engagement efforts with residents and local communities to ensure property improvements and services genuinely address the needs of those served, maintaining faith-based values.

Qualifications

• Required:
• Bachelor’s degree in Real Estate, Finance, Urban Planning, or a related field.
• Ability to build dynamic financial models from scratch.
• Understanding of real estate finance fundamentals.
• Strong written and verbal communication skills.
• Ability to operate independently in a fast-paced environment with limited supervision.
• Commitment to the mission of providing high-quality housing for low-income New Yorkers.

Preferred

• 5-7 years of experience in affordable housing development or real estate finance.
• Familiarity with NYC specific agencies and regulatory agreements.