Director of Portfolio Management & Operations for the Division of Special Needs Housing

Job Description

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.

HPD is entrusted with fulfilling these objectives through the goals and strategies of “Housing Our Neighbors: A Blueprint for Housing and Homelessness,” Mayor Adams’ comprehensive housing framework. To support this important work, the administration has committed $5 billion in new capital funding, bringing the 10-year planned investment in housing to $22 billion the largest in the city’s history. This investment, coupled with a commitment to reduce administrative and regulatory barriers, is a multi-pronged strategy to tackle New York City’s complex housing crisis, by addressing homelessness and housing instability, promoting economic stability and mobility, increasing homeownership opportunities, improving health and safety, and increasing opportunities for equitable growth.________________________________________

Your Team:

The Division of Special Needs Housing (DSNH), within the Office of Development, administers three loan programs/initiatives: the Supportive Housing Loan Program (SHLP), the Senior Affordable Rental Apartments (SARA) program, and Homeless Housing Strategic Initiatives (HHSI).

As a Director of Portfolio Management and Operations for DSNH, you will work on all three loan programs/initiatives:
- HPD’s Supportive Housing Loan Program (SHLP) makes loans to non-profit and for-profit developers of permanent supportive housing with on-site social services. Projects developed with SHLP funding must provide 60% of units for homeless, disabled individuals or homeless families with a disabled head-of-household. The remaining 40% can be rented to households from the community earning up to 60% of the Area Median Income.
- The Senior Affordable Rental Apartments (SARA) Program provides gap financing in the form of low interest loans to support the construction and renovation of affordable housing for seniors, 62+ years in age, with low incomes.
- Homeless Housing Strategic Initiatives partners with DHS and other City Agencies on various homeless housing development initiatives including clusters conversion initiative, development of co-located permanent affordable housing with DHS shelters, and other develop opportunities.

Your Impact:

DSNH seeks an experienced professional with strong leadership, analytical, and management abilities to be the Director of Portfolio Management and Operations (DofO) responsible for all areas of operations, policy, and portfolio management within the division of more than 20 staff. DSNH is part of HPD’s New Construction arm and administers multiple programs that serve the City’s most vulnerable residents.

The DofO reports to the Assistant Commissioner of Special Needs Housing and plays a key role in developing and supervising division operations and activities, including personnel, budget, policy, and planning actions.

Your Responsibilities:
The DofO will manage a small number of operations and portfolio management staff as well as be responsible for the following areas.

Division Liaison
The Director will be a liaison to the Chief of Staff in New Construction as well as the Office of Development and may coordinate activities with other Office of Development divisions. The DofO is responsible for ensuring that the Division is up to date with the latest news from various areas of the agency. This could include but may not be limited to new reporting requirements, policy initiatives, training opportunities, current events related to housing, etc. The DofO also acts as liaison between DSNH and Human Resources, Budget, HPD Tech and other parts of the agency.

Division Operations
In coordination with the Deputy Director of Operations, the DofO will direct, coordinate, and conduct operational activities for the Division, providing strategy, tracking, and oversight for program operations areas such as production targeting, fiscal/budget, section 8 allocation, conversions, technology needs and personnel matters. The DofO will lead professional development for the Division and oversee the project intake and portfolio development processes. The DofO may further assist the Assistant Commissioner by analyzing and creating reports on the production output of the Division in a manner that facilitates decision making, strategizing, and forecasting. At times, the DofO will need to represent the Assistant Commiss