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Housing Investment and Portfolio Preservation Team Manager (Supervisor II)

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Housing Investment and Portfolio Preservation Team Manager (Supervisor II)

Salary

$109,844.80 - $155,521.60 Annually

Location

Portland OR 97201, OR

Job Type

Regular

Job Number

2026-00050

Bureau

Portland Housing Bureau

Opening Date

01/19/2026

Closing Date

2/2/2026 11:59 PM Pacific

+ Description

+ Benefits

+ Questions

The Position

Job Appointment: Full Time, Regular.

Work Schedule: Monday-Friday, 8 am-5 pm. Work hours may include occasional evenings, and weekends as needed.

Work Location: Reports to 1900 SW 4th Ave, Suite 220, Portland, OR 97204. All manager and supervisor positions are expected to report to their worksites full time. Remote workdays remain an option to accommodate travel or to occasionally focus on major work projects.

Benefits: Please check our benefits tab for an overview of benefit for this position

Language Pay Premium Eligible: This position may be eligible for Language Pay Differential (https://www.portland.gov/bhr/class-comp/language-pay-differential-overview) for qualifying employees.

Union Representation: Non-represented.

Application Material: Please click APPLY to submit your application via the City of Portland’s online portal. You will need attach a resume and cover letter.

Position Summary

The Portland Housing Bureau (PHB) is recruiting for a Housing Investment and Portfolio Preservation (HIPP) Team Manager. The primary function of the HIPP program is to finance the development of affordable multi-family housing projects, mostly rental, but ownership as well. The secondary function is to preserve the existing affordable portfolio by financing capital improvements, completing financial restructures, and engaging in creative problem solving with project sponsors. The HIPP team works collaboratively with other government agencies, non-profits, and private partners

PHB invests in projects with partner organizations through loans ranging from under a million to tens of millions of dollars. Typical PHB sources include the Portland Housing Bond, Metro Housing Bond, tax increment financing (TIF), Construction Excise Tax (CET) and federal HOME and Community Development Block Grant (CDBG). The pipeline of projects consists of new construction, rehabs, and restructures/modifications. PHB's funds are usually combined with private market equity and debt including federal low-income housing tax credits (LIHTCs) and conventional mortgages from state or federally chartered financial institutions. Other funding comes in the form of loans and grants from public, quasi-public, and non-profit organizations including Oregon Housing and Community Services (OHCS). The Program Manager should be familiar with a range of real estate development funding types.

The HIPP Team Manager has a team of eight including five Housing Portfolio Finance Coordinators, two Senior Housing Loan Coordinators, and a Housing Program Coordinator. The team works collaboratively from project initiation through the close of construction. This includes advertising the availability of PHB funds, managing the selection process and recommending projects/development teams for funding, thoroughly understanding development projects especially the financial structure and project programming, obtaining approval from PHB’s Investment Committee, and documenting PHB’s financing terms through loan and regulatory agreements. Due to the large dollar amounts invested in each project and high visibility of the team’s work, the HIPP Team Manager is regularly involved in cross-functional and/or inter-Bureau initiatives and briefings to City/PHB leadership.

What you’ll do:

+ Provide management, supervision, and oversight to the Housing Investment and Portfolio Preservation (HIPP) staff.

+ Guide Housing Portfolio Finance Coordinators on the financial structuring of housing development projects.

+ Offer vision and long-range planning for the HIPP teamwork program.

+ Review and approve Housing Investment Committee (HIC) reports.

+ Examine and guide all project legal documents, such as loan agreements, promissory notes, and regulatory agreements.

+ Collaborate with PHB’s Construction Services, Risk Analysis and Compliance, Development Incentives, and Finance teams and work closely with developers, consultants, and attorneys.

+ Oversee competitive Notice of Funding Availability or Request for Proposal processes offering PHB funding and City-owned sites.

+ Represent and act as the liaison for the HIPP team in cross-functional, multi-disciplinary internal teams and with external stakeholders on a wide array of topics related to affordable housing finance and development.

+ Engage in regular representation of the HIPP team and PHB generally on inter-Bureau topics/issues.

+ Provide oversight and direction on HIPP team policies and procedures.

Virtual Zoom Meet & Greet Opportunity

Come meet the hiring manager and the senior recruiter! We'll be talking about the position duties and responsibilities, day to day life in the role, review the announcement, discuss how to apply, and answer questions you may have about the position.

Monday, January 26, 2026

12:00 PM Pacific Time (US and Canada)

Zoom Meeting Link: https://us06web.zoom.us/meeting/register/n4hRKf\_wQ1yRt0d8e\_6keA

*Please note: AI Notetaking apps will not be allowed into virtual sessions hosted by the Bureau of Human Resources Recruitment Team. If you need accommodations as defined by the American Disabilities Act, then please contact the Recruiter for assistance.

Have a question?

Contact Information:

Tamela Ressler, Recruiter

Bureau of Human Resources

[email protected]

To Qualify

The following minimum qualifications are required for this position:

+ Experience providing supervision, coaching, and coordination of staff, including assigning work, reviewing work products, and supporting staff development.

+ Experience with program management, including evaluating program effectiveness, planning, budgeting, and analysis.

+ Experience with real estate development and finance concepts, including financial structuring, credit analysis, financial modeling, and the preparation or review of related documentation.

+ Experience reviewing, administering, or coordinating contracts, agreements, or other formal program documentation, and ensuring compliance with applicable requirements.

+ Ability to work collaboratively with internal teams and external partners, communicate clearly in writing and verbally, and represent a program or work unit in meetings or cross-functional settings.

Preferred Qualification

Although not required, you may have one or more of the following:

+ Familiarity with low-income housing tax credit (LIHTC) and affordable housing financing.

The Recruitment Process

STEP 1: Apply online between January 19 – February 2, 2026

Required Application Materials:

+ Cover letter

+ Details are key! The city uses a merit-based system, so your cover letter should be thorough and specifically address each qualification listed in the "To Qualify" section of the job announcement. Your cover letter can exceed one page, to ensure you are able to provide the detailed information for every qualification. Follow the instructions, as a subject matter expert will be evaluating your details to confirm that you meet the minimum requirements.

+ Resume

+ Answer the three (3) Supplemental Questions (click on the Questions tab to preview the questions)

Optional Application Materials:

+ If you wish to request Veteran's Preference, please submit your veteran documents (e.g., DD214-Member 4, VA Benefit Letter) by the recruitment's closing date.

+ Effective January 1, 2026, the State of Oregon law ORS 408.225 - 408.238 is amended to expand eligibility for Veterans’ Preference to current and former Oregon National Guard service members. If applicants are existing state or former Oregon National Guard servicemembers, they are encouraged to attach appropriate documentation to their future recruitment applications.

+ Update: As of March 3rd, 2025, if you made the eligible list and met the eligibility to receive veteran preference, you will no longer need to submit veteran documents for future recruitments.

If you need to update or remove your veteran preference for a specific recruitment or from your master profile, please contact the recruiter listed in the job announcement.

Application Tips:

+ Your cover letter can exceed one page, to ensure you are able to provide the detailed information for every qualification. A subject matter expert will be evaluating your details to confirm that you meet the minimum requirements.

+ Your résumé should support the details described in your cover letter.

+ How We Determine Pay: The City of Portland is covered by the Oregon Equal Pay Act (https://www.oregon.gov/boli/workers/pages/equal-pay.aspx) . Your salary is determined based on the experience listed in your resume that is directly related and equivalent to the position for which you are applying. It is strongly encouraged to include any transferable experience (paid or unpaid regardless of how recent) to ensure your offer is reflective of all your relevant experience.

+ Do not attach any additional documents.

+ Please note, all completed applications for this position must be submitted no later than on the closing date and time of this recruitment.

+ You can use AI tools to assist with your job application, but please make sure to personalize your responses to supplemental questions. Avoid copying and pasting. We encourage use AI to generate ideas and then tailor them to reflect your own experiences and skills.

+ All applications must be submitted via the City's online application process.

+ E-mailed and/or faxed applications will not be accepted.

Step 2: Minimum Qualification Evaluation: February 3 – February 6, 2026

+ An evaluation of each applicant's training, paid and unpaid experience, as demonstrated in their cover letter, and resume, weighted 100%.

+ Your cover letter and résumé will be the basis for our evaluation of your qualifications for this position. Incomplete or inappropriate information may result in disqualification.

+ You have 14 days from the notice of the minimum qualification evaluation results to let us know if you would like to review and discuss your evaluation result. Please read the City of Portland Administrative Rule 3.01 (https://www.portland.gov/policies/human-resources-administrative-rules/employment/hrar-301-recruitment-processes#toc-examination-review) for complete information.

+ Additional evaluation may be required prior to establishment of the eligible list and/or final selection.

Step 3: Establishment of Eligible List: Week of February 9, 2026

+ Candidates who meet the minimum qualifications will be placed on the equally ranked eligible list.

Step 4: Selection (Interview): Mid-February 2026

+ The hiring bureau will review and select candidates to interview.

Step 5: Offer of Employment: Late February to Early March

Step 6: Start Date: TBD

+ A start date will be determined after all conditions of employment have been met.

*Timeline is approximate and subject to change*

Additional Information

Click here (https://www.portland.gov/bhr/career-center/recruitment-policy) for additional information regarding the following:

+ Veteran Preference

+ ADA, Pregnancy, and Religious Accommodations

+ Work Status

+ Equal Employment Opportunity

A Career with the City of Portland offers many Employee Benefits

We offer a comprehensive benefits package, including but not limited to

+ Health Care (Medical, Vision and Dental)

+ Carrot Fertility

+ Wellness Benefits

+ Life Insurance

+ Long-term disability coverage to eligible employees and their families.

+ Employee Assistance Plan

+ Flexible Spending Accounts

+ Retirement

+ Oregon Public Employees Retirement System (PERS), including contributions to the PERS IAP plan paid by employer

+ Family Medical Leave

+ City Paid Parental Leave

AND SO MANY MORE!

Benefits may vary depending on bargaining unit and employment status. Click here to review the many different benefits the City of Portland offers (https://www.portland.gov/bhr/benefit-offerings/benefits-quickstart-guide/benefit-plan-summaries-highlight-guides) .

01

Thank you for your interest in the City of Portland. We value your time and hope to make your application experience as positive as possible.

Your Cover Letter and Resume are an important step to assist us in the review for minimum qualifications for the posted vacancy.

In your Cover Letter, write specific and unique responses to address each of the minimum qualification listed in the "To Qualify" section. The information you provide must correctly reflect your work history/resume. A lack of information in your application materials to each of the minimum qualifications may result in elimination from the recruitment.

Note: Request for veterans' preference, please add a copy of your DD214 and/or Veteran's Benefit letter. All documents must be uploaded by the closing date and time of this announcement.

Have you read and understood all the information listed above?

+ No - If you have a questions, please contact the recruiter on the announcement.

+ Yes

02

Where did you first learn about this job opportunity? (If on a website or job board, please specify which one)

03

The City of Portland receives public records requests at times. Please indicate which response you find appropriate: (Answer will not disqualify you from the process)

+ My application was submitted with the understanding that the City of Portland would keep the information confidential and would only disclose the information if ordered to do so. I would not have submitted this application without the promise of confidentiality.

+ You may release my application; I am waiving confidentiality.

Required Question

Employer

City of Portland

Address

1120 SW 5th Ave, Room 987 Portland, Oregon, 97204

Website

http://www.portlandoregon.gov/jobs

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