Patrick Fry
Director, Preservation Finance @NYC Department of Housing Preservation & Development
Signup · Get unlimited contacts
WORK HISTORY
Director, Preservation Finance @NYC Department of Housing Preservation & Development
A program director for HPD’s HUD Multifamily and Low-Income Housing Tax Credit (“Year 15”) preservation programs. The HUD Multifamily Program leverages public resources and private sector financing to rehabilitate, recapitalize, and preserve privately owned rental housing with HUD rental assistance. The Year 15 program assesses the operating and physical needs of LIHTC projects as they approach, or have passed, the initial 15-year compliance period. Both the HUD Multifamily and Year 15 programs work to maintain the long-term availability of quality affordable apartments in the City by assisting the existing stock of affordable housing to remain physically and financially viable. Tools used include tax exemptions, subsidized loans, rent restructuring, and extensions or modifications of existing City debt to assist in leveraging private capital.
EDUCATION
Yale School of Management
Master of Business Administration - MBA; recipient Frederick Frank Scholarship
University of Redlands
Bachelor of Arts - BA, Political Science; recipient John & Dora Haynes Scholarship
New York University
School of Professional Studies
ABOUT PATRICK FRY
Affordable Housing Professional adept at analyzing and underwriting affordable housing properties and investments. Experienced in managing transactions using various debt products, LIHTC, and gap funding programs. Proven ability to prioritize tasks, find real solutions to complex problems, and ensure successful deal closures. Attributes- Ability to work independently with little oversight while also being a good collaborator- Self-driven- Detail oriented- Empathetic with good listening skills- Strong work ethicAccomplishments- as a senior development officer, closed multiple LIHTC transactions with combined total development costs of more than $230 million; worked on some transactions from predevelopment to construction completion and lease-up- at top LIHTC syndicator, worked on transactions from initial deal screening through underwriting to initial closing - as tax-exempt debt provider, led working groups in closing dozens of transactions totaling more than $1.2 billion in tax-exempt bonds used to fund loans for affordable and public housing projectsAreas of Expertise- LIHTC (Low-Income Housing Tax Credits - 4% and 9%)- Tax Exempt bonds - Financial Analysis and Modeling- Deal Negotiation and Structuring- Project Risk Assessment- Compliance with Industry Policies- Relationship Management with Customers and Stakeholders- Coordination with Third-Party Professionals (Attorneys, Accountants, Market Analysts, Environmental Engineers, Design & Construction professionals)
This profile is compiled from publicly available professional sources. Unifers is not affiliated with or endorsed by LinkedIn. Request removal of this profile.