Associate Commisisoner for Asset Management

Associate Commissioner for Asset Management

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. 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.

As the Assistant Commissioner (AC) for the Division of Asset Management, you will oversee a growing portfolio of more than 6,400 buildings comprising approximately 189,000 units. These properties received City financing at some point, and the Division's primary mission is to protect the City's investment by ensuring that they remain affordable and in strong financial and physical condition. 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

Tax Credit and HOME Compliance Unit

Your Responsibilities include:

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 Department, to revise and streamline legal documents that strengthen and clarify sponsor obligations.

Special Note / Additional Requirements:

The incumbent may be required to work extended hours, including evenings, weekends, and holidays, as necessary to meet operational demands and respond to urgent or time-sensitive matters. Preferred Skills include:

At least five years of asset management experience and/or experience managing large, complex property portfolios or operations.

Demonstrated ability to effectively manage large teams addressing diverse and complex issues.

Strong project and interpersonal management skills, including strategic planning, communication, prioritization, delegation, and negotiation.

Expertise in financial analysis, including assessment of financial and physical risk and development of short- and long-term mitigation strategies.

Creative problem-solving skills supported by data analysis, process improvement, and organizational development.

Knowledge of affordable housing programs, including Federal Low-Income Housing Tax Credits (LIHTC) and HOME program rules and regulations.