Director, Asset Preservation & Strategy

Novogradac & Company LLP; Chicago, Northern (IL, KY); Hybrid; USD 120,000 - 160,000; Full time

Benefits offered by this job

Hybrid work schedule

Parking Transit

Prepaid Legal Services

Pension Plan

Job summary

The Chicago Housing Authority (CHA) seeks a Director of Asset Preservation to lead a grant-funded program aimed at preserving mixed-income and public housing assets. This role guides preservation decisions, develops a repeatable framework to convert subsidies, and oversees policy and process development for long-term asset viability.

The position requires strategic leadership across departments, strong analytical skills, and experience in affordable housing programs, with a focus on

Qualifications

• Bachelor's degree in Finance, Real Estate, Asset Management, Economics, Public Administration, Urban Planning, or related fields required.
• Advanced degree strongly preferred.
• 5+ years experience in asset management, affordable housing operations, real estate finance, or housing preservation.

Responsibilities

• Lead and implement CHA's Asset Preservation Program (APP), ensuring alignment with department-wide goals and policy objectives.
• Oversee CVS reporting system to evaluate financial, physical, and operational health across CHA assets.
• Present preservation recommendations and regular reporting to senior leadership, ensuring proactive intervention and planning.
• Create the APP policy framework, governance protocols, SOPs, and program documentation to support consistency.
• Develop eligibility criteria, workflows for third-party applications, and preservation steps from start to finish.
• Design internal workflows for Section 9 to Section 8 conversions, waitlist management, budgeting, and cross-department coordination.
• Develop resident and stakeholder engagement protocols and guide asset managers and project leads.
• Provide leadership to an internal team of asset managers and guide CHA's portfolio preservation efforts.

Job description

The Chicago Housing Authority (CHA) seeks a Director of Asset Preservation to lead a grant-funded program aimed at preserving mixed-income and public housing assets. This role guides preservation decisions, develops a repeatable framework to convert subsidies, and oversees policy and process development for long-term asset viability.

The position requires strategic leadership across departments, strong analytical skills, and experience in affordable housing programs, with a focus on