Regional Manager, Affordable Housing

Property Management Jobs; Los Angeles (CA); On-site; USD 120,000 - 180,000; Full time

Job summary

Asset Living in Los Angeles seeks a senior Regional Property Manager to oversee a portfolio of affordable housing communities across the area, balancing file reviews, inspections, budgets, and guidance to Community Managers. You’ll drive LIHTC compliance, Section 8 requirements, and regular reporting to owners, while developing annual budgets and managing vendor contracts.

The role emphasizes off-site leadership, effective people management, and timely regulatory interactions, with a focus on

Qualifications

• Direct experience with LIHTC compliance, including recertification and regulatory reporting.
• Working knowledge of Section 8 and HUD program requirements.
• Ability to manage multi-site portfolios and provide off-site leadership.

Responsibilities

• Oversee a portfolio of affordable housing communities across Los Angeles, guiding site operations and ensuring timely reporting.
• Develop yearly operating budgets and monitor monthly variances to maximize NOI through cost controls and revenue management.
• Coordinate with Community Managers on delinquency, recertification timelines, and leasing performance.
• Ensure LIHTC compliance, Section 8 procedures, and regulatory reporting with agencies as needed.
• Hire, coach, and evaluate site staff; approve timesheets and ensure proper documentation and routing to HR.

Skills

LIHTC compliance

Section 8 / HUD

multi-site leadership

budgeting & variances

staff management

fair housing knowledge

emergency coordination

Job description

What You’ll Actually Do

This role sits above the property level, which means your days look different from a site manager's but the accountability doesn't shrink. You're overseeing a portfolio of affordable housing communities across the Los Angeles area, which means your week will move between file reviews, physical inspections, budget variance conversations, and one-on-ones with Community Managers who need guidance on everything from delinquency to recertification timelines.

The affordable housing piece carries real regulatory weight. LIHTC compliance isn't something you hand off. You're monitoring application and annual recertification processes, ensuring proper Section 8 procedures are followed, and interfacing directly with regulatory agencies when needed. File reviews happen regularly, and semi-annual physical inspections are part of the job. If a LIHTC file is out of order or a unit fails inspection, the fallout lands on your portfolio.

On the financial side, you're developing yearly operating budgets, reviewing monthly income and expense variances, and pushing toward the highest possible NOI through cost control and revenue management. You'll also weigh in on capex recommendations and monitor large vendor contracts and work in progress at your sites. Ownership financial reports need to be accurate and delivered on time. That's a standard you enforce, not just track.

Personnel management takes up more of your bandwidth than some Regional roles. You screen, hire, coach, and when necessary, terminate site staff. You approve timesheets, sign off on salary requests for Community Managers, and make sure counseling statements and written evaluations are properly documented and routed to HR. Affordable housing communities often carry leaner staffing than conventional Class A properties, so when a site is short-handed, you feel it.

What You Bring

• Direct experience with LIHTC compliance, including recertification processes and regulatory reporting
• Working knowledge of Section 8 / HUD program requirements
• Demonstrated ability to manage multi-site portfolios as an off-site leader
• Experience developing and managing operating budgets, with the ability to explain variances in writing
• Strong personnel management background, including hiring, performance documentation, and terminations
• Familiarity with fair housing law, EHO requirements, and affirmative fair housing obligations
• Ability to manage emergency response situations and coordinate with on-site staff and ownership

What to Expect Going In

Asset Living is a large third-party management firm, which means you're operating within established systems and reporting upward to a Senior Vice President. The structure is there, but affordable housing regional work in Los Angeles carries its own challenges. The regulatory environment in California is dense, agencies scrutinize compliance closely, and the resident base has real needs that don't pause for business hours. Emergency situations pull you in regardless of the calendar.

What separates strong candidates here is the combination of LIHTC fluency and genuine management instinct. Plenty of people understand the compliance piece. Fewer can also hold a Community Manager accountable for leasing performance, push back on a vendor invoice, and write a clear monthly budget narrative for ownership. The candidate who lasts in this role handles all three without treating any of them as secondary.