Director of Portfolio Investment

The posting, as MidPen Housing wrote it

About MidPen

At MidPen, we build communities that change lives. Since 1970, we have been committed to our mission: to provide safe, affordable housing of high quality to those in need; establish stability and opportunity in the lives of residents; and foster diverse communities that allow people from all ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect.

We develop affordable housing, provide professional property management for all our communities, and coordinate robust onsite support programs that help residents thrive. We are active in 12 Northern California counties and have earned recognition as one of the nation’s leading non-profit developers and stewards of affordable housing. Our current portfolio of more than 142 properties is home to 22,800 working families, seniors, and people with special needs. We take pride in delivering affordable housing solutions, and we invite you to join us on a journey toward social, economic, and racial equity.

Location: Oakland, Foster City, Watsonville

Director of Portfolio Investment

The Director of Portfolio Investment reports to the Senior Vice President of Asset & Budget Management and, as a member of MidPen’s Senior Leadership Team, contributes to a positive and impactful work environment. The Director develops and executes recapitalization strategies for MidPen’s property portfolio, including resyndications, rehabilitation, refinancing, and transactions funded through public and private loans, grants, and rebate programs. This role requires sound judgment, autonomy, and strong collaboration with internal and external partners. The Director also leads a team of project and transaction managers, overseeing hiring, performance, professional development, and goal achievement, while fostering cross-departmental relationships and improving processes, policies, and operational efficiency.

Responsibilities

Leadership & Supervision

• Hire, train, and supervise personnel to foster a positive work environment, promote cross-departmental teamwork, and achieve project assignments and goals in a timely, professional manner.
• Establish clear expectations and accountability, support staff development through coaching and delegation, and leverage internal and external relationships to remove barriers and improve efficiency.
• Demonstrate leadership beyond the Transactions Team to enhance the experience of staff across MidPen .

Portfolio Investment Strategy

• Develop and maintain short- and long-term portfolio recapitalization plans, including refinancing, resyndication, capital improvements funded through public loans and grants, and energy upgrades.
• Evaluate potential projects and financing sources, monitor Requests for Proposals (RFPs) and Notices of Funds Available (NOFAs), and recommend opportunities for inclusion in project pipelines.
• Assess proposed projects’ impact on cash flow, compliance, rents, and long-term capital needs, providing recommendat

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and construction of at least two low-income housing developments in coordination with the Construction Manager.

• Proven ability to lead, develop, and guide direct reports; train staff; use Microsoft Excel, Word, PowerPoint, and Project; adapt to a fast-moving, flexible environment; and support the organization’s mission.

P hysical Requirements

• Constantly perform desk-based computer tasks
• Frequently sitting
• Occasionally stand/walk, reach/work above shoulders, grasp lightly/fine manipulation, grasp forcefully, use a telephone, sort/file paperwork or parts, lift/carry/push/pull objects that weigh up to 15 pounds
• Rarely twist/bend/stoop/squat, kneel/crawl

Pay Range

$193,600.00 - $217,800.00 Annual Salary - Pay based on applicable experience and qualifications
Benefits and Compensation (see here for full details )

• Health Insurance
• Dental, Vision, Life & Disability Insurance
• 403(b) Retirement Investment
• Employee Education Reimbursement Program
• Paid Parental Leave
• FSA for Childcare, Medical, and Commuter Benefits
• EAP Program
• Pet Insurance
• Paid Time Off
• Company Holidays
• Wellness Days

EQUAL OPPORTUNITY EMPLOYER

MidPen Housing Corp. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

We are committed to providing an inclusive and accessible hiring process. If you need a reasonable accommodation for any part of the application or interview process, please notify your recruiter. Consistent with its obligations under the law, MidPen Housing Corp. will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.