Job Description
- Job Description:
- Develop and implement asset management strategies to maximize property performance, cash flow, and portfolio value while maintaining affordability commitments
- Prepare investment recommendation reports for new construction and rehabilitation including a market assessment, proposed construction scope, and accompanying operating proforma
- Oversee a regional portfolio of affordable housing properties, ensuring compliance with HUD, LIHTC, and other federal, state, and local regulatory requirements
- Monitor and analyze property performance metrics, including occupancy, rent collections, operating expenses, and capital needs
- Conduct regular property and market evaluations to identify opportunities for improvement or risk mitigation
- Manage property budgets and long-term financial planning, ensuring alignment with ownership goals
- Collaborate with property managers to optimize NOI (Net Operating Income) and meet financial targets
- Oversee annual audits, financial reporting, and tax credit compliance submissions
- Partner with property management companies to ensure consistent execution of operational strategies
- Collaborate with Development and Acquisitions teams to ensure seamless transitions of newly acquired or developed properties into the portfolio
- Identify and mitigate potential risks, including physical, financial, and regulatory challenges
- Requirements:
- Bachelor’s degree in Business Administration, Finance, Real Estate, or a related field preferred
- Minimum 7 years of experience in asset management, real estate, or property management, with a strong focus on affordable housing
- Demonstrated understanding of LIHTC, HUD programs, and other affordable housing regulations
- Strong financial acumen, including experience with financial modeling, budgeting, and reporting
- Benefits:
- health insurance coverage
- retirement savings plan
- paid holidays
- paid time off (PTO)
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