Keon Garraway
Laurelton,NY
Summary
Multifamily Professional with over 20 years of experience, with an emphasis in Asset Management
Overview
20
20
years of professional experience
Work History
Executive Director of Asset Resolution and Portfolio Analysis
NYC Department of Housing Preservation & Development
New York, NY
02.2026 - Current
- Expanded the role of the Asset Resolution and Portfolio Analysis Team by
- Drive total dollar value transactions executed to $2 billion, through mortgage subordinations, mortgage modifications and extensions, securitization loan swaps and joint venture negotiations
- Drive the creation of internal workout policy to formalize how the agency deals with distressed properties
- Provide high level consultations and prep to high level agency staff for City Council hearings
Director of Asset Resolution and Portfolio Analysis
NYC Department of Housing Preservation & Development
New York, NY
08.2021 - 02.2026
- Provide Management, Oversight and Mentorship to a staff of 10 spread across 3 different teams: Finance Team, Tax Accounting and Real Estate Transactions
- Manage a team of Accountants, Financial Analysts and Transaction Analysts to provide skilled financial services within the agency and for the City of New York
- Utilize team’s expertise to provide high level consultations and training to various divisions within the agency
- Oversee the maintenance of mortgage performance data and use the information to identify delinquencies and financial distress
- Perform deep-dive financial analysis of distressed properties to comprehensively resolve apparent issues, which may include developing workout strategies or using legal interventions to collect arrears owed to the City
- Perform Mortgage extension analysis, loan swap analysis and exemption analysis as part of a comprehensive workout for borrowers
- Chair meetings with stakeholders (borrowers, elected officials, banks) and negotiate contentious issues
- Collaboratively lead efforts among APM divisions, the Office of Development, Fiscal Affairs Division, and the Office of Legal Affairs to encourage owners to improve financial performance
- Facilitate accurate and timely billing of partial tax exemptions (e.g., Shelter Rent Taxes, Gross Rent Taxes) by coordinating billing with the Department of Finance, and responding to inquiries about staff’s calculation of taxes, as needed
- Examining audited financial statements and related data to develop tools for benchmarking and evaluating projects, owners, and programs
- Identify deficiencies in workflow processes and develop unit wide and department wide policies to remedy them
- Design and/or develop tools using statistical packages, Excel, and Access to share data with staffers within HPD, as well as with owners and managers of affordable housing developments
Senior Mortgage Officer
NYC Department of Housing Preservation & Development
New York, NY
04.2016 - 08.2021
- Provide administrative oversight to bring stability to a delinquent loan portfolio:
- Develop workout plans and disposition strategies for troubled and delinquent multifamily projects to preserve affordable housing and to HPD’s mortgage investments
- Recommend approval of developed workout plan and disposition strategy of delinquent projects and or foreclosure as needed
- Negotiate with stakeholders in securing regulatory agreement concessions that conform to HPD’s housing policies and the Mayor’s overall affordable housing goals
- Perform modification, subordination and refinance analysis as they relate to workout plans for troubled properties
- Perform Article XI analysis and coordinate with various stakeholders to get Article XI tax exemption passed in City Council so as to benefit troubled properties
- Schedule and chair meetings with various stakeholders and negotiate contentious issues on behalf of HPD
- Serve as a technical resource to support the development of IT products and databases related to mortgages
Asset Manager
NYC Department of Housing Preservation & Development
New York, NY
07.2014 - 04.2016
- Provide Asset Management oversight to a portfolio of 278 Multifamily Projects with 15 Sponsors:
- Perform financial analysis on financial statements to monitor the financial stability of projects
- Develop payment plans with property managers to reduce municipal arrears
- Monitor the physical conditions of properties to ensure proper repairs are being done
- Monitor building violations and assist property managers in removing them from their projects
- Monitor legal compliance by ensuring projects conform to their regulatory agreements
- Process Article XI requests to ensure projects get their requisite tax benefits
- Monitor projects for tax credit violations and ensure violations are corrected
- Develop workout prescription for troubled projects
- Set up meetings with Sponsors, Community Representatives and HPD employees to resolve problematic issues
- Prepare written memoranda and forms to document internal approval of loans and modifications
- Compile and submit periodic reports and analyses to senior management
Financial Analyst/Project Manager
New York Housing Development Corporation
New York, NY
06.2007 - 07.2014
- Review, analyze, structure and decision repair loans, refinances and loan modifications to meet profitability goals while constructing workout packages for troubled projects within identified risk parameters. Audit loan application information, terms and covenants to ensure accuracy and adherence to regulations. Protect the integrity and financial stability of the portfolio through performance of the following duties:
- Schedule/attend meetings between property representatives and HDC to facilitate workout processes
- Obtain, verify and analyze all financial, property and other information to properly assess risks
- Determine and document loan conditions; communicate requirements and timelines
- Partner with Loan Administration department to ensure loans meet identified investment guidelines
- Visit troubled properties with HDC engineers to determine work plans and capital funding needs
- Coordinate necessary repairs with properties, engineering staff and loan servicing departments
- Prepare written memoranda and forms to document internal approval of loans and modifications
- Compile and submit periodic reports and analyses to senior management
- Develop and work closely with an extensive network of business partners, brokers and colleagues
Compliance Auditor
NY Housing Development Corp
New York, NY
12.2005 - 06.2007
- Utilized strong analytical and quantitative skills to personally review, analyze and audit projects in HDC’s portfolio to ensure compliance with HUD regulations and HDC guidelines. Researched and compiled audit findings in accordance with Government Auditing Standards. Common duties included:
- Created letters defending audit findings to Management Agent and Senior Level Managers at HUD
- Clarified necessary policies, procedures, duties, remedies and adjustments w/ HUD Managing Agent
- Constructed workout packages for troubled projects to HUD refinance/modification specifications
Education
Master’s in Business Administration -
Washington State University
01-2012
Certificate Forensic Accounting - undefined
New York University
01-2008
Bachelors of Science in Business Administration - Management
Medgar Evers College
01-2000
Skills
- Community engagement
- Program management
- Staff management
- Relationship building
- Public speaking
- Budgeting and financial management
Section name
- Keon Garraway, MBA
- Https://www.linkedin.com/in/keon-garraway-33b2a521/
- 347-759-9845
- Keongarraway@gmail.com
Timeline
Executive Director of Asset Resolution and Portfolio Analysis
NYC Department of Housing Preservation & Development
02.2026 - Current
Director of Asset Resolution and Portfolio Analysis
NYC Department of Housing Preservation & Development
08.2021 - 02.2026
Senior Mortgage Officer
NYC Department of Housing Preservation & Development
04.2016 - 08.2021
Asset Manager
NYC Department of Housing Preservation & Development
07.2014 - 04.2016
Financial Analyst/Project Manager
New York Housing Development Corporation
06.2007 - 07.2014
Compliance Auditor
NY Housing Development Corp
12.2005 - 06.2007
Certificate Forensic Accounting - undefined
New York University
Bachelors of Science in Business Administration - Management
Medgar Evers College
Master’s in Business Administration -
Washington State University