Job Description

The New York City Housing Authority’s Real Estate Development Department (REDD) is charged with leading and structuring real estate transactions that will address over $15 billion in capital needs and overseeing the long-term stewardship of NYCHA property. REDD will utilize the following three tools to generate the necessary revenue:

1) Permanent Affordability Commitment Together (PACT) – PACT will use US Department of Housing and Urban Development (HUD) Section 8 programs to fund renovations and convert public housing (Section 9) apartments to permanently affordable housing. NYCHA plans to convert 62,000 apartments over 10 years, which will address $12.8 billion of capital needs.

2) Build to Preserve (BTP) – New mixed-income buildings will be constructed on some underutilized spaces across the NYCHA portfolio. NYCHA expects to address $2 billion in capital need across approximately 10,000 apartments.

3) Transfer to Preserve (TTP)...