Director of Portfolio Investment

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 recommendations for approval. Project Financing Supervise the preparation of funding applications and approve financing plans to ensure compliance with MidPen underwriting standards. Lead or support financing closings and negotiations with lenders and investors, ensure loan terms are documented through MidPen’s Term Sheet process, and verify that underwriting and budgets accurately reflect project sources, uses, and pro forma changes. Collaborate with Project Managers to maintain and refine critical path schedules and ensure key milestones are achieved. Property Rehabs Oversee project budgets, cost tracking, and schedules; ensure capital projects comply with MidPen building guidelines and contribute to their ongoing development. Collaborate with internal teams and external experts to determine the highest and best use of available funds and establish appropriate project scopes and budgets. Partner with Construction Management to ensure capital improvements are completed on time, within budget, and in accordance with contracts and project plans; oversee design, permitting, contractor and consultant negotiations, and the collection and documentation of warranties and operations and maintenance manuals. Represent MidPen <li data-leveltext="" data-font="Symbol" data-listid="40" data-list-defn-props="{"335552541":1,"335559