Job Description On June 16, 2022, Governor Kathy Hochul signed the NYC Public Housing Preservation Trust Act, which authorized creation of the NYC Public Housing Preservation Trust (the Trust). The Trust is a public benefit corporation that will oversee the renovation and rehabilitation of the city’s public housing developments, owned by the New York City Housing Authority (NYCHA). NYCHA remains permanent owner of the land/buildings and enters into a long-term ground lease with the Trust to secure Section 8 vouchers, a subsidy worth double NYCHA’s current federal subsidy. Using the Section 8 rental subsidy contract, the Trust will raise financing to fund comprehensive building renovations. The Trust Act limits the Trust’s initial unit volume to 25,000 units. No NYCHA site can convert to the Trust without a positive vote of the site’s residents. Under the Act, NYCHA must develop and administer a voting process to provide residents with that choice. Residents at three developments have opted into the Trust, resulting in over 1,500 units that will be financed and renovated with other potential projects in the pipeline, impacting over 2,800 residents. Position Summary The Assistant General Counsel reports directly to the General Counsel and is a key member of the Trust’s legal team. The Assistant General Counsel will assist in managing the Trust’s legal matters, focusing on affordable housing development and ownership, compliance, ethics, and regulatory affairs. This role involves providing legal advice, overseeing compliance programs, ensuring the organization adheres to all applicable laws and regulations, and developing/sharing expertise in Trust organizational structure as it relates to potential affordable housing financing vehicles and otherwise. Primary Responsibilities The primary responsibilities of the Assistant General Counsel include, but are not limited to: 1. Real Estate Transaction Structuring: Assist project finance team in aligning Trust organizational status, capabilities and restrictions with requirements of financing partners, including historic tax credit investors. 2. Regulatory Affairs: Monitor regulatory changes, advise on compliance, and liaise with regulatory bodies, including areas of the Department of Housing & Urban Development responsible for RAD conversions, Section 18 dispositions and HAP (Section 8) contract administration. 3. Procurement and Contracts: Support procurement and contracting efforts. 4. Legal and Compliance Support: Assist in overseeing legal matters, provide legal advice, and ensure compliance with laws and regulations. 5. Ethics and Compliance Programs: Develop, implement, and oversee ethics and compliance programs. 6. Risk Management: Identify, evaluate, and mitigate legal and compliance risks. 7. Training and Education: Develop and provide legal and compliance training to staff. Additional Information 1. NYCHA employees applying for transfer, promotional, title or level change opportunities must have served a period of one year at current location and in current title and level (if applicable). 2. NYCHA residents are encouraged to apply. 3. NYCHA provides benefits that include a choice of medical coverage plans, deferred compensation plans and a defined pension benefit plan as a member of the New York City Employees’ Retirement System (NYCERS). Please read this posting carefully to make certain you meet the minimum qualification requirements before applying to this position. EXECUTIVE AGENCY COUNSEL - 95005 Qualifications Admission to the New York State Bar; and four years of recent full-time responsible, relevant, satisfactory legal experience subsequent to admission to any bar, eighteen months of which must have been in the supervision of other attorneys, in an administrative, managerial or executive capacity, or performing highly complex and significant legal work. Incumbents must remain Members of the New York State Bar in good standing for the duration of this employment. Additional Information The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy. Salary Min: $ 91,090.00 Salary Max: $165,000.00