Portfolio & Asset Manager
Affordable Housing / LIHTC Portfolio
We are partnering with a well-established real estate investment platform to identify a Portfolio & Asset Manager to oversee a growing portfolio of Low-Income Housing Tax Credit (LIHTC) investments. This individual will play a key role in managing properties from construction through lease-up and ongoing operations, with a focus on protecting investor capital, maintaining compliance, and optimizing the financial performance of each asset.
The ideal candidate is highly organized, analytical, relationship-driven, and comfortable managing multiple projects and deadlines in a fast-paced environment. This is an opportunity to work closely with internal tax, finance, underwriting, and acquisitions teams, as well as external development partners, property management companies, and investors.
Key responsibilities:
- Oversee the performance, compliance, and financial health of an assigned LIHTC portfolio throughout each asset’s lifecycle.
- Monitor properties during construction and lease-up by reviewing construction draws, capital requests, project updates, and other supporting documentation.
- Serve as a primary point of contact for developers, general partners, property management companies, and other external partners following project closing.
- Review tenant files and supporting compliance documentation based on property-level risk assessments.
- Partner with property management compliance contacts to collect required forms, certificates, and other documentation.
- Analyze lease-up progress, construction timelines, and anticipated placed-in-service dates to prepare tax-credit projections.
- Review and approve cost certifications, Form 8609 documentation, state eligibility statements, and other LIHTC-related deliverables.
- Review property-level tax returns, interim financial statements, and audited financial statements.
- Evaluate operating results, financial trends, budget-to-actual variances, liquidity, and other performance indicators to identify risks and opportunities.
- Prepare investor reporting, including quarterly construction and lease-up memorandums, project summaries, and other internal and external reporting.
- Manage the collection of asset management fees through the company’s real estate database.
- Review project documentation for consistency with closing pro formas, partnership agreements, due-diligence materials, and other closing documents.
- Coordinate with underwriting, tax, finance, acquisitions, and other internal teams to provide portfolio data and support ongoing reporting requirements.
- Build and maintain strong, long-term relationships with development and operating partners while proactively identifying and resolving issues.
Qualifications:
- Bachelor’s degree in accounting, finance, real estate, business, or a related field.
- Three to five years of experience in LIHTC, affordable housing, tax-credit syndication, real estate asset management, or a closely related field.
- Experience reviewing or working with LIHTC documentation, including cost certifications, Form 8609s, state eligibility documentation, tax-credit projections, construction draws, and/or investor reporting.
- Strong understanding of real estate financial statements, property-level performance analysis, and affordable-housing program requirements.
- Excellent written, verbal, presentation, and interpersonal communication skills.
- Proven ability to manage multiple priorities, work independently, and meet time-sensitive deadlines.
- Proactive, solutions-oriented approach with strong analytical and problem-solving skills.
- Ability to work effectively both independently and collaboratively across internal teams and external stakeholders.
Preferred background:
- Experience in LIHTC asset management, tax-credit syndication, affordable housing investing, development, underwriting, or property operations.
- Familiarity with construction monitoring, lease-up reporting, investor reporting, and partnership-level documentation.
- Experience managing relationships with developers, general partners, property management companies, and/or institutional investors.
Why this opportunity
This role offers meaningful exposure to the full lifecycle of LIHTC investments - from construction and lease-up through stabilized operations - within a collaborative platform that values strong relationships, thoughtful risk management, and professional growth. The successful candidate will have the opportunity to take ownership of a portfolio, work directly with experienced industry professionals, and build long-term expertise in affordable housing asset management.
Form 8609 is central to LIHTC allocations and certification, and cost certifications generally support the eligible-basis determination used in the tax-credit process; for that reason, I retained those terms in the posting but framed the work as reviewing and managing documentation rather than personally issuing those forms.