Christopher Destefano Email & Phone Number

Roseland, New Jersey, Us

- Head of affordable housing portfolio and all operations. - Section 8, Senior, Section 236, Section 202 - Work directly with Non-Profit Board of Directors at properties. - Handle all high level issues with HUD and State Agencies. - Oversee an affordable housing staff of 50+ which includes but not limited to Director of Maintenance, Property Managers, Occupancy Staff, Bookkeepers, AP/AR, Supers, Activities Coordinators and Social Services Directors. - Oversee a portfolio of market rate high rise, mid-rise, garden and townhouse style units throughout NJ- Work directly with owners and investors on all operations, CapEx projects, fiscal objectives, budgets, state and local agencies, quarterly and annual reporting, longterm planning, staffing, HR, and potential new acquisitions. - Work and negotiate with all contractors and vendors to ensure work is done to spec, schedule and costs. - Oversee a staff of 20+ Property managers, Leasing Agents, Maintenance Director, Supers, Porters, and Maintenance Techs. - Manage Commercial Strip Centers with retail stores & restaurants. - Meet with prospective leasees and brokers.- Oversee new tenants build out. - Deal with any high level day to day issues. - Spec out, investigate, financial model and do due diligence on new acquisitions and new development. - Work directly with all local, state and federal agencies on potential new developments based on the needs of current properties and municipalities. - Project manage new developments, major construction and buildouts. - Work on design and use with engineers and architects. - Work with new technology trends to better enhance work ability for staff and company on a grand scale.

New York, New York, Us

- Was responsible for a portfolio of value-add multifamily assets located in the city and along the Eastern Seaboard, but specifically in NY, PA and DE.- Developed and executed the business plans from start to finish, including setting and managing strategy as the assets evolve, overseeing cap-ex and unit renovation projects, coordination and evaluation of on-site management, visiting the assets on a regular basis, monthly internal reporting, quarterly external reporting, periodic disposition analysis, and managing the sale process once the business plan has been completed. - Worked closely with the team to share ideas, but worked independently with minimal supervision to deliver results. - Was highly entrepreneurial, both strategic and creative, and which required strong skills in the areas of organizing, multitasking, prioritizing, decision-making and communicating.- Worked directly with the Managing Principals of the firm, Acquisitions, Development, Construction Management, Property Management and Procurement.- Dealt with investors at all levels from minor and silent to institutional.

Mclean, Va, Us

- Managed a portfolio from the Mid-Atlantic through Texas of Community Development construction and permanent loans and low-income housing tax credit (LIHTC) fund investments from pre-closing to repayment or end of term. - Monitored loans for compliance with terms and conditions. Monitor repayments and research and resolve past due loan issues. - Collaborated with Loan and Investment Administration to review and approve periodic construction loan advances, with particular attention to sources of funds, and resolve complex administrative issues. - Performed quarterly review of the progress of construction projects including post-closing issues, sources and uses of funds, lease-up or sales and conversion to permanent finance. - Managed modifications and extensions of loans; collaborate with the workout team, if necessary. - Reviewed and make recommendations about risk ratings. - Collaborated with Loan and Investment Administration and legal counsel to complete the conversions of construction loans to permanent loans. - Monitored LIHTC fund investments by review of Syndicator fiscal health and competency, fund watchlist and variance from initial yield. - Supported accounting function by monitoring LIHTC fund benefit schedules, financial statements and Schedule K-1s. - Performed annual Asset Reviews or more frequently, as needed, including site inspections and guarantor analysis.

Parsippany, Nj, Us

- Oversaw the compliance of Low-Income housing and assistance of Veterans and consumers with disabilities. Monitored service delivery and compliance with all regulatory, contractual, agency and accreditation standards. Assisted in accreditation activities. Oversaw required compliance regulations including the standards for HUD, LIHTC Programs, Federal, State of NJ, county, CARF, etc. - Coordinated quality improvement initiatives. Conducted site visits to monitor compliance of organizational policies and regulatory requirements. Trained and supported employees and subcontractors. Evaluated subcontractors according to compliance plan. Developed and prepared reports to assess the quality of the subcontractors. Monitored the interaction of the subcontractors with consumers.- Prepared required monthly, quarterly and annual reports for funding sources in place. Monitored compliance for record keeping.- Ensured that data collected is received and maintained confidentially. Maintained current & complete consumer, agency and statistical reporting records. Provides feedback on services in order to assist in improving and enhancing programs. - Reviewed all incoming RFAs/RFPs and assisted with the proposal with the development team/senior management. Served as a direct resource to clinical program personnel for oversight of all compliance. Maintained and developed policies and procedures for agency.- Assisted with the implementing of new projects, programs and business practices set forth agency wide. Was responsible for the smooth transition of old practices and programs into integrated practices that are most current with the environment and era we worked in.

Trenton, Nj, Us

- Conducted Management and Occupancy Reviews in accordance with HUD specifications. Identify and resolve problems related to the operation of development, management deficiencies, excessive vacancies, or other areas identified by HUD as problems.- Prepared monthly, quarterly, and annual status reports as required by HUD in accordance with HUD specifications. Reviewed and analyzed operating budgets and the need for rental adjustments. Examined all rent comparison studies to determine need.- Maintained database of electronic transmission of tenant files through Tenant Rental Assistance Certification Systems (TRACS). Updated rent schedules as needed. Notified owners of updating or deficiencies in their subsidy voucher, in order to have payment prepared correctly. - Reviewed and approved Section 8 HUD vouchers. Reviewed, corrected and processed vacancy payments during and after the initial rent-up period. Analyzed re-marketing efforts to ensure compliance with federal regulations, Affirmative Fair Housing and Marketing Plan (AFHMP). Ensured that property is implementing correct Equal Opportunity in Housing standards. Inform owners if deficient. - Assisted on-site managers in the implementation and interpretation of HUD rules and regulations as well as determine tenant eligibility. Examined issues and irregularities from portfolio via Enterprise Income Verification (E.I.V.) reports ran by owners/agents. Collaborated with outside agencies in interpreting and implementing HUD rules and regulations in accordance with HUD manual #4350.3.- Participated in site meetings with owners/agents, HUD personnel, and Agency personnel; draft internal/external correspondences issued to property ownership/management, HUD staff, Agency personnel and department director as required. - Portfolio of consisted of 21 properties with a total of 1,787 units, with yearly gross rents totaling $23.2+ million.

- Assisted with managing a portfolio of 29 properties with rents over $17+ million. Monitored unit turnovers, maintenance staff and superintendents; supervise/manage accounts payable, employee payroll, tenant receivables, bookkeeping, individual property's rent rolls, tenant relations and concerns for all properties within portfolio. Helped with delinquent tenant issues, including eviction.- Coordinated with partners to create policies and procedures for all recordkeeping, and created internal software for accounting and financing saving $200,000 per year in professional fees. Designed software that kept employees more efficient and effective for daily duties. Assisted with implementing social media platform to connect to residents. - Aided with construction, from acquisition to occupancy, of a four (4) unit property, a sixteen (16) unit property, a twenty-five (25) unit property, and an eleven (11) unit property. Supervision with partners resulted in saving $2.3+ million in construction costs. - Reviewed new financing terms with partners while company was able to secure nearly $2 million in grant monies from Middlesex County HOME, and local COAH funds. Company closed on $2.7 million dollars in mortgages for new projects. Aided with a $1.2 million dollar refinancing to save 2.5%+ on note for the partners. - Learned multiple aspects with respect to Section-8 properties, Project Based Section-8 properties, Low Income Housing Tax Credits (LIHTC), The Housing and Urban Development (HUD), Department of Community of Affairs State of NJ (DCA-NJ), Local Municipality Housing Authorities, State of New Jersey Division of Housing, and County Government for HOME Housing Program.