Housing Investment and Portfolio Preservation Team Manager (Supervisor II)

Full Job Description

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 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.

Have a question?
Contact Information:
Tamela Ressler, Recruiter
Bureau of Human Resources
Tamela.Ressler@portlandoregon.gov

Requirements

Qualifications

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.

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 for complete information.
• Additional evaluation may be required prior to establishment of the eligible list and/or final selection.

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

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

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

Additional Information

Click here for additional information regarding the following:

• Veteran Preference
• ADA, Pregnancy, and Religious Accommodations
• Work Status
• Equal Employment Opportunity