Affordable Housing Asset Manager - LIHTC Growth

KM Partners | Affordable Housing Solutions; Chicago (IL); Vor Ort; USD 90.000 - 130.000; Vollzeit

Zusammenfassung

KM Partners | Affordable Housing Solutions is seeking an Affordable Housing Asset Manager to oversee the financial and operational performance of a portfolio of affordable housing properties, working with ownership, property managers, investors, lenders, regulators, and other stakeholders. The role emphasizes compliance, financial optimization, and long‑term affordability across Southeast markets.

The position requires a minimum of five years in affordable housing asset management or related

Qualifikationen

• Minimum of five years of experience in affordable housing asset management, property management, or real estate development.
• Knowledge of affordable housing programs, regulations, and financing mechanisms.
• Ability to travel up to 20% regionally, plus locally for property inspections.
• Proficiency in Microsoft Office, especially Excel, and property management software.

Aufgaben

• Monitor and analyze the financial performance of the portfolio, including income, expenses, cash flow, debt service, reserves, and capital needs.
• Prepare and review annual operating budgets, rent schedules, operating reports, audits, tax returns, and other financial documents.
• Conduct regular site visits and inspections to assess the physical condition and management of the properties.
• Manage transitions from construction through lease-up and work with lenders and investors on equity installments, loan conversions and refinancings.
• Coordinate and approve capital improvement projects, major repairs, and replacements.
• Ensure compliance with federal, state, and local regulations, as well as investor and lender requirements, related to affordable housing programs, such as Low-Income Housing Tax Credits, Section 8, HOME, and others.
• Negotiate contracts, leases, loan agreements, partnership agreements, and other legal documents.
• Communicate and maintain positive relationships with property managers, investors, lenders, regulators, tenants, and community partners.
• Identify and pursue opportunities to increase revenue, reduce costs, improve efficiency, and enhance resident satisfaction.
• Manage and resolve issues and disputes that may arise among the portfolio stakeholders.
• Stay abreast of current market trends, best practices, and regulatory changes in the affordable housing industry.
• Submit project filings to state agency, such as 8609s, compliance reports, rent increase requests, and other required documents.

Kenntnisse

Analytical thinking

Communication

Problem solving

Decision making

Attention to detail

Independent work

Team collaboration

Ausbildung

Bachelor's degree in business/finance/real estate

Tools

Excel

Property management software

Jobbeschreibung

KM Partners | Affordable Housing Solutions is seeking an Affordable Housing Asset Manager to oversee the financial and operational performance of a portfolio of affordable housing properties, working with ownership, property managers, investors, lenders, regulators, and other stakeholders. The role emphasizes compliance, financial optimization, and long‑term affordability across Southeast markets.

The position requires a minimum of five years in affordable housing asset management or related