Area Director

PK Companies; Fort Worth (TX); On-site; USD 70,000 - 80,000; Full time

Benefits offered by this job

Performance-based bonus opportunities

Job summary

PK Housing in Fort Worth, TX seeks an experienced Area Director to lead recovery and stabilization across a diverse affordable housing portfolio, focusing on distressed assets and underperforming communities. The role requires strategic action, hands-on leadership, and strong regulatory expertise to drive occupancy and financial improvements.

The position oversees properties under USDA Rural Development, LIHTC, HUD, and Missing Middle housing programs, with a focus on compliance, lease-up, and

Qualifications

• Minimum 8–10 years progressive property management experience with multi-site or regional leadership.
• Extensive experience with RD, LIHTC, and HUD programs.
• Willingness to travel frequently within assigned region.
• Proven experience stabilizing distressed affordable housing assets.

Responsibilities

• Lead recovery strategies for underperforming or distressed communities including operational, financial, compliance, and physical challenges.
• Assess property performance and implement corrective action plans focused on occupancy growth, expense control, and resident retention.
• Stabilize site operations through leadership restructuring, training, and performance accountability.
• Partner with ownership and asset management to execute turnaround timelines and performance benchmarks.
• Provide intensive oversight during transition periods, staffing changes, or agency interventions.

Job description

Reports To: Regional Director of Property Management

Employment Type:Full-Time

Annual Salary Range: $70,000 - $80,000

Position Overview

We are seeking a highly experienced Area Directorto lead operational recovery and long-term stabilization efforts across a diverse affordable housing portfolio. This position will primarily focus onunderperforming properties, including communities requiring operational turnaround, compliance correction, physical rehabilitation, and lease-up stabilization.

The portfolio includes properties operating under USDA Rural Development (RD), LIHTC, HUD, and Missing Middle housing programs. The successful candidate will bring strong leadership, compliance expertise, and proven experience improving occupancy, financial performance, team culture, and regulatory standing in challenged assets.

This is a hands-on leadership role requiring decisive action, strategic thinking, and the ability to drive measurable results in complex environments.

Primary Responsibilities

• Lead recovery strategies for underperforming or distressed communities including operational, financial, compliance, and physical challenges
• Assess property performance and implement corrective action plans focused on occupancy growth, expense control, and resident retention
• Stabilize site operations through leadership restructuring, training, and performance accountability
• Partner with ownership and asset management to execute turnaround timelines and performance benchmarks
• Provide intensive oversight during transition periods, staffing changes, or agency interventions

Affordable Housing Compliance Oversight

• Ensure portfolio compliance with:
  • USDA Rural Development regulations
  • LIHTC program requirements
  • HUD housing programs
  • State and local affordable housing guidelines
• Correct compliance deficiencies and prevent recurrence
• Prepare properties for agency reviews, audits, MORs, and investor inspections
• Act as senior compliance resource for regional and site teams

Lease-Up & Rehabilitation Leadership

• Provide executive oversight for active lease-up communities,ensuring compliance-driven leasing strategies and milestone achievement
• Oversee operational execution during property rehabilitation and capital improvement projects
• Coordinate closely with construction, development, and relocation teams
• Maintain resident communication standards and minimize operational disruption
• Analyze financial statements, budgets, and operational KPIs to identify risk and improvement opportunities
• Drive improvements in occupancy, collections, expense management, and NOI performance
• Develop stabilization budgets and recovery forecasts
• Monitor delinquency trends and implement collection strategies

Leadership & Team Development

• Directly supervise Regional Managers and/or Property Managers within assigned portfolio
• Recruit, mentor, and develop high-performing operational teams
• Establish accountability standards and performance expectations
• Intervene quickly to resolve leadership or culture challenges at struggling sites

Stakeholder & Agency Relations

• Serve as primary operational liaison with ownership groups, investors, lenders, and regulatory agencies
• Provide clear reporting on stabilization progress and risk mitigation efforts
• Collaborate with Asset Management, Compliance, Maintenance, and Development teams to align operational strategy

Required Qualifications

• Minimum 8–10 yearsof progressive property management experience with multi-site or regional leadership
• Demonstrated success stabilizing distressed or underperforming affordable housing assets
• Extensive experience with RD, LIHTC, and HUD programs
• Proven experience overseeing lease-ups, repositioning efforts, or rehabilitation projects
• Strong financial analysis and operational troubleshooting skills
• Ability to lead through change and manage high-pressure environments
• Willingness to travel frequently within assigned region

Preferred Certifications

• HCCP, COS, SHCM, or equivalent affordable housing certifications
• CPM or ARM designation preferred
• Experience working with agency corrective action plans or receivership/transitional assets a plus

What Success Looks Like

• Stabilized occupancy and improved financial performance across distressed assets
• Successful completion of lease-ups and rehabilitation transitions
• Reduced compliance findings and improved audit outcomes
• Strong, sustainable on-site leadership teams
• Properties transitioned from recovery phase to stabilized operations
• Performance-based bonus opportunities tied to stabilization goals
• Professional development and leadership growth opportunities
• Opportunity to directly impact communities through housing revitalization

PK Housing is an Equal Opportunity Employer!