Assistant Commissioner Division of Asset Management

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

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.

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.

You will lead four critical units responsible for monitoring compliance across the Agency’s rental and home ownership programs:

Asset Management Unit

This unit actively monitors project performance in accordance with City regulatory agreements. It collaborates with senior agency leadership to develop and implement policies and procedures that promote responsible stewardship of affordable housing assets. The unit identifies strategies to address troubled projects and advance long‑term affordability within the City‑financed portfolio.

Tenant Interim Lease (TIL) Program

This unit supports tenant associations in City‑owned buildings as they transition to self‑sufficient, low‑income cooperatives. The TIL Program works in coordination with the Technical Services Program, which provides specialized expertise and operational support across APM divisions, and the Lead Unit, which ensures lead safety compliance in City‑owned buildings. Together, these programs promote regulatory compliance, tenant capacity‑building, and long‑term housing preservation.

Homeowner Mortgage Servicing Unit

This unit monitors compliance with HPD mortgages and manages regulatory agreements for owner‑occupied home ownership 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

This unit ensures that the Agency meets its compliance monitoring responsibilities for properties financed through the Low‑Income Housing Tax Credit (LIHTC) program and the federal HOME Investment Partnerships Program (HOME). Responsibilities include interpreting federal regulations and verifying compliance with Federal Housing Quality Standards (HQS).

• 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…