Senior Director of Preservation

Job Description

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

Compensation & Benefits

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• Salary Range: This position offers a salary range of $165,000 to $185,000, with the final offer determined based on the candidate’s experience and relevant expertise.
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• Benefits: Comprehensive benefits package through Catholic Charities, including health, dental, and vision.
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• Vacation: 4 weeks of paid vacation annually, plus holidays.
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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.

The Senior Director of Preservation will design and lead a scalable investment platform that integrates disciplined real estate execution with a mission-driven, faith-based, and social-services mandate. This leader will oversee the end-to-end investment lifecycle—from structuring complex equity stacks involving internal capital, co-GPs, and institutional endowments, to delivering board-level strategic analysis.

Serving as a strategic partner to the CEO, the Director will institutionalize due diligence workflows and lead the financial engineering of high-impact transactions. By synthesizing data—including Year 15 performance, operating expenses, and audit analysis—to inform long-term growth strategies, they will ensure every acquisition is capitalized to optimize social and financial returns.

Platform Strategy & Capitalization

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• 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.
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• Entity & Partnership Buyouts: Identify and negotiate the acquisition of Limited Partner (LP) and General Partner (GP) interests from exiting entities to consolidate portfolio control.
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• 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.
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• 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.
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• 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.
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Advanced Financial Engineering & Underwriting

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• Portfolio Modeling: Oversee the development of sophisticated acquisition pro formas, including multi-year cash flow projections, development budgets, and sensitivity analyses.
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• 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.
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• Performance Optimization: Evaluate Year 15 transitions and recapitalization opportunities by synthesizing rent rolls, operating expenses, and audit data into long-term growth strategies.
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Deal Sourcing & Pipeline Development

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• Market Leadership: Maintain and expand a proprietary pipeline of off-market opportunities through high-level relationships with brokers, property owners, parishes, and community partners.
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• Feasibility Oversight: Direct market research initiatives—including sales/rent comps and demographic trends—to identify emerging opportunities for social-service-integrated housing.
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• Platform Expansion: Identify and vet new markets and partnership models to broaden the organization’s footprint and impact.
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Execution & Due Diligence Management

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• Workflow Institutionalization: Establish and lead standardized due diligence workflows, coordinating legal counsel, third-party vendors, and internal stakeholders to ensure seamless execution.
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• Public Financing Leadership: Spearhead the preparation and submission of complex financing applications for public agencies (HUD, HPD, HFA, HDC).
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• Closing Oversight: Maintain accountability for critical dates, covenants, and contingencies to ensure timely, successful closings for all transactions.
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Cross-Functional Leadership

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• Operational Integration: 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.
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• 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.
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Qualifications

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• Required :
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• Bachelor’s degree in Real Estate, Finance, Urban Planning, or a related field.
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• Ability to build dynamic financial models from scratch.
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• Understanding of real estate finance fundamentals.
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• Strong written and verbal communication skills.
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• Ability to operate independently in a fast‑paced environment with limited supervision
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• Commitment to the mission of providing high-quality housing for low-income New Yorkers.
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• Preferred:
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• 5-7 years of experience in affordable housing development or real estate finance.
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• Familiarity with NYC specific agencies and regulatory agreements.
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Catholic Charities, Catholic Homes of New York, and Catholic Charities Community Services is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristics protected by law.