LIHTC Affordable Housing Asset Manager

KM Partners | Affordable Housing Solutions; Chicago (IL); On-site; USD 90,000 - 130,000; Full time

Job summary

KM Partners | Affordable Housing Solutions seeks an Affordable Housing Asset Manager to oversee a portfolio of properties across the Southeast, ensuring compliance with LIHTC, Section 8, HOME, and related programs. You will work with owners, managers, investors, and regulators to optimize financial performance and long-term affordability.

The role requires strong analytical skills, ability to travel regionally, and the capacity to coordinate budgets, capital improvements, and audits while

Qualifications

• Bachelor's degree in business, finance, real estate, or related field.
• Five years of 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.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent verbal and written communication skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Attention to detail and accuracy.
• Commitment to the mission and values of affordable housing.

Responsibilities

• 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 LIHTC, 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.

Skills

Excel

Microsoft Office

Analytical thinking

Communication skills

Travel readiness

Education

Bachelor's degree in business/finance/real estate

Tools

Property management software

Job description

KM Partners | Affordable Housing Solutions seeks an Affordable Housing Asset Manager to oversee a portfolio of properties across the Southeast, ensuring compliance with LIHTC, Section 8, HOME, and related programs. You will work with owners, managers, investors, and regulators to optimize financial performance and long-term affordability.

The role requires strong analytical skills, ability to travel regionally, and the capacity to coordinate budgets, capital improvements, and audits while