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NYC Department of Housing Preservation & Development
About HPD

Office of Asset & Property Management

Deputy Commissioner: Anne-Marie A. Hendrickson 

HPD and its partners have financed the preservation or creation of over one hundred thousand of affordable units throughout the City. As more units are established, it is important that these properties remain financially and physically stable over the long-term. The Office of Asset and Property Management (APM) leads the agency effort to protect the City’s investment. Established in 2009, APM actively monitors the performance and regulatory compliance of City-sponsored projects and directly manages City-owned properties. The Office is comprised of four divisions: 

The Division of Asset Management is responsible for ensuring the longevity and affordability of units the agency has created and preserved.  Its programs are geared to proactively identify at-risk buildings and portfolios and to stabilize struggling and mismanaged assets.   The Division tracks real-time information on the physical and financial condition of properties that it uses as an early warning system to detect and mitigate potential risks to buildings.  Working with owners, partners and the Office of Development, the Division helps reposition projects using combinations of various approaches including financial assistance, management changes and ownership changes. 

The Division of Building & Technology Assessment (DBTA) assumes proactive oversight of properties under the Office of Asset & Property Management (APM) to ensure the proper functioning of major systems, structural integrity of buildings and quality conditions for tenants.  Major system reviews include masonry, façade, windows, electrical, roofing and boilers. 

The Division of Housing Supervision oversees the portfolio of City-sponsored Mitchell-Lama developments, including affordable rental and cooperative housing. Through the New Housing Marketplace Plan, HPD and its sister agency, the Housing Development Corporation (HDC), are working to address the rehabilitation needs of the aging Mitchell-Lama stock and preserve the long term affordability of all remaining City Mitchell-Lama units. Under the Bloomberg administration, over 30,000 units of Mitchell-Lama housing have already been preserved and an additional 10,000 units are slated for preservation before 2014. 

The Division of Property Management & Client Services manages City-owned (in rem) residential and commercial properties and Urban Renewal properties until they can be returned to responsible private ownership. The division also manages the Tenant Interim Lease Program (TIL), a homeownership program for low-income families.  In addition, this Division operates Emergency Housing Services (EHS) and the Homeless Rental Unit which provide emergency shelter and housing relocation services to tenants displaced as a result of fires or vacate orders issued by the Department of Buildings, Department of Health, the Fire Department or HPD.   


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