You will also play a critical role in identifying properties that require enforcement intervention or new financial assistance from the City, ensuring early risk detection and proactive portfolio stabilization.
Your Role
You will lead four critical units responsible for monitoring compliance across the Agency's rental and homeownership programs:
Asset Management Unit
Tenant Interim Lease (TIL) Program
Homeowner Mortgage Servicing Unit
This unit monitors compliance with HPD mortgages and manages regulatory agreements for owner-occupied homeownership projects where debt repayment is required. The work involves analyzing complex legal and financial documents related to loans, subsidies, and regulatory obligations.
Tax Credit and HOME Compliance Unit
Directly manage the Executive Director and four Directors overseeing the Division of Asset Management's units.
Provide strategic leadership and guidance to shape both the day-to-day operations and long-term direction of the Division.
Proactively identify opportunities for operational and process improvement across all units.
Ensure the collection, analysis, and reporting of key data and performance metrics necessary to assess portfolio health and risk.
Address complex portfolio challenges and develop corrective action plans, policies, and procedures.
Coordinate with the Office of Development to determine necessary financial interventions, including workouts, restructuring, and refinancing solutions.
Represent APM's Deputy Commissioner in meetings and interactions with City Hall, as well as internal and external stakeholders.
Interface with internal and external partners, including the HPD Legal Department and the New York City Law Departme
Benefits
Health insuranceVision insurance
Additional Information
About the Agency:
The New York City Department of Housing Preservation Development (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the city's neighborhoods because every New Yorker deserves a safe, affordable place to live in a neighborhood they love.
- We maintain building and resident safety and health
- We create opportunities for New Yorkers through housing affordability
- We engage New Yorkers to build and sustain neighborhood strength and diversity.
Your Team
The Office of Asset and Property Management (APM) leads the agency's efforts to protect the City's investment in affordable housing and ensure that properties remain stable, financially sound, and affordable over the long term. APM actively monitors the performance and regulatory compliance of projects sponsored, supervised, and owned by the city, while also connecting individuals and families to affordable housing opportunities.
APM is composed of three divisions: Asset Management, Property Management, and Housing Supervision.
The Division of Asset Management safeguards the longevity and affordability of HPD's housing portfolio by identifying at-risk buildings, stabilizing distressed assets, and ensuring compliance with regulatory agreements. The Division monitors both the physical and financial condition of properties, collaborates with owners and partners, and works closely with HPD's Office of Development to reposition projects through financial assistance, property management changes, restructuring, or ownership transfers. Its core programs are outlined below.
Cityofnewyork · New York City, NY