Managing Director -- Credit Risk
CurrentA public benefit corporation incorporated as a 501(c)3, NYC HDC is the largest local affordable housing agency in the US, outperforming many of the nation’s largest banks in the volume and dollar amount of mortgage bonds issued. HDC seeks to increase the supply of multi-family rental housing, stimulate economic growth, and revitalize neighborhoods by financing the creation and preservation of affordable housing for low-, moderate-, and middle-income New Yorkers. Recruited by former client to be the number two in the Credit Risk DepartmentAnalyze and approve credit risk of:-- Counterparty bank and broker/dealer credits in $5bn+ short-duration investment portfolio -- Underlying multi-family housing projects in $18bn mortgage portfolio financed with taxable and tax-exempt mortgage revenue bond issuance ($1.5bn+ in new issuance annually)--Underlying NYCHA repair loans under RAD or Section 8 ConversionMember: Credit Committee - New York City Acquisition Fund - NYC New Construction Down Payment Assistance Fund - NY Shelter Acquisition and Predevelopment Fund - MBE Backstop Guaranty Faciltiy