Regional Vice President - Affordable

Elmington; Charlotte (NC); On-site; USD 150,000 - 230,000; Full time

Benefits offered by this job

Medical, Dental, Vision

Life Insurance

Short/Long-Term Disability

401(k) match

Unlimited PTO

Job summary

Elmington is seeking a Regional Vice President to lead the financial and operational health of a multi-market affordable housing portfolio. You will guide Regional Managers, align strategy with ownership goals, and drive regulatory compliance across LIHTC, HUD/Section 8, and state agencies.

You will oversee budgeting, capital planning, and performance reporting, ensuring timely inspections and portfolio-wide success while traveling regularly to properties and maintaining a resident-first,

Qualifications

• 8+ years of progressive property management experience, including multi-site oversight in affordable housing.
• Markets served by this role's portfolio are required.
• Deep working knowledge of LIHTC, HUD/Section 8, and state housing finance agency compliance requirements.
• Proven track record managing a large, geographically dispersed portfolio and team.
• Experience with RealPage/OneSite, Yardi, or Fortress preferred.
• Certifications such as CPM, HCCP, or COS a plus.
• Fair Housing certification required within 7 days of employment.

Responsibilities

• Own the financial and operational health of their portfolio, measured primarily through NOI, NRI, bad debt, management fee, and occupancy performance to budget.
• Set regional strategy in alignment with company objectives and communicate priorities down through Regional Managers.
• Review and approve annual budgets, variance explanations, and reforecasts for the region.
• Partner closely with asset management and Regional Managers on capital planning and long-term asset strategy across the portfolio.

Skills

Regulatory compliance

Leadership

Strategic planning

Financial acumen

Tools

RealPage/OneSite

Yardi

Fortress

Job description

At Elmington Living, we don't just manage properties — we build communities people are proud to call home. As the team behind 70+ affordable and market-rate assets across the country, we've earned our reputation through relentless care, sharp execution, and an eye for detail that never quits, guided by People First, Always. Execution with Integrity. Excellence by Design.

WHY YOU'LL LOVE WORKING HERE:

Elmington Living offers competitive compensation that reflects the market and the impact of the role, along with a comprehensive benefits package designed to support your well-being. Medical, dental, and vision coverage begins on the first of the month following your hire date, with no long waiting period. The company also provides life insurance and short- and long-term disability coverage. Employees become eligible for the 401(k) plan with company match after 90 days and for this position, unlimited PTO to recharge.

Position Summary

The Regional Vice President (RVP) is responsible for the overall operational, financial, and compliance performance of an assigned affordable housing portfolio spanning multiple markets. The RVP leads a team of Regional Managers and sets strategic direction for their portfolio. Regional Managers serve as the primary escalation point for property-level performance, staffing, and regulatory matters; the RVP is the next-level escalation point for issues such as failed inspections, budget variances beyond an established threshold, or staffing/HR matters a Regional Manager is unable to resolve. This role partners closely with the EVP of Property Management, asset management, and ownership/investor stakeholders to ensure portfolio-wide goals are met.

Key Responsibilities

Portfolio Leadership

• Own the financial and operational health of their portfolio, measured primarily through NOI, NRI, bad debt, management fee, and physical and economic occupancy performance to budget
• Set regional strategy in alignment with company objectives and communicate priorities down through Regional Managers
• Review and approve annual budgets, variance explanations, and reforecasts for the region
• Partner closely with asset management and Regional Managers on capital planning, repositioning, and long-term asset strategy across the portfolio
• Represent the region in leadership meetings, ownership calls, and investor reporting
• Develop and maintain portfolio-level action plans addressing underperforming properties, tracking progress against budgeted performance targets
• Manage accounts receivable (AR) and accounts payable (AP) performance across the portfolio and be able to speak to trends, outliers, and aging with ownership and executive leadership
• Conduct site visits across the portfolio at least monthly for in-market properties and at least quarterly for out-of-market properties to assess property condition, team performance, and compliance/operational readiness
• Conduct formal quarterly site inspections across the portfolio, documented with a written inspection report/scorecard, and drive corrective action on any findings
• Ensure financial reporting and budget timelines are met across the portfolio by holding Regional Managers accountable for property-level deadlines
• Schedule and deploy Operations Specialists and Floating Maintenance across properties within the portfolio based on need

Compliance & Risk Management

• Ensure full portfolio compliance with LIHTC, HUD, Section 8, and other affordable housing program requirements
• Oversee readiness and outcomes for REAC, MOR, and state agency inspections and audits across the region
• Ensure compliance findings are promptly escalated and resolved in partnership with the compliance department
• Monitor recertification timeliness and income/asset qualification accuracy portfolio-wide

Team Development

• Conduct weekly one-on-one meetings with each direct-report Regional Manager to review performance, priorities, and support needs
• Hire, coach, and develop Regional Managers; build bench strength and succession plans across the region
• Conduct regular performance reviews and set development plans for direct reports
• Drive a culture of accountability, professionalism, and resident-first service across the portfolio
• Partner with L&D on training initiatives and leadership development programs

Qualifications & Requirements

• 8+ years of progressive property management experience, including multi-site oversight in affordable housing
• Specific experience in the markets served by this role's portfolio is required
• Deep working knowledge of LIHTC, HUD/Section 8, and state housing finance agency compliance requirements
• Proven track record managing a large, geographically dispersed portfolio and team
• Experience with RealPage/OneSite, Yardi, or Fortress preferred
• Certifications such as Certified Property Manager (CPM), Housing Credit Certified Professional (HCCP), or Certified Occupancy Specialist (COS) a plus
• Fair Housing certification required within 7 days of employment

CORE COMPETENCIES

• Strong understanding of cash flow and its impact on portfolio-wide financial performance
• Strategic thinking with strong financial and operational acumen
• Executive-level communication, both written and verbal
• Ability to lead through influence across a large, distributed team
• Sound judgment under pressure, particularly in compliance and risk situations
• High degree of professional discretion and polish in ownership-facing settings

Work Environment & Physical Requirements

• Frequent regional travel required (estimated 40-60%), including site visits and fly-in markets
• Standard office and on-site property environments; some outdoor exposure during property tours
• Ability to work extended hours during budget season, audits, or urgent property issues
• Valid driver's license and reliable transportation required
• Ability to communicate effectively in person, by phone, and electronically
• Occasionally move about the office to access files, office equipment, and meeting locations
• Ability to lift, carry, push, or pull up to 15-25 pounds occasionally
• Ability to bend, reach, stoop, and kneel as needed
• Frequently stand, walk, climb stairs, and move throughout the property
• May be exposed to varying weather conditions while performing outdoor duties

At Elmington Living, we're redefining what property management can look like — and we're looking for leaders ready to help us raise the bar. With 70+ communities across the U.S. and a fast-growing presence rooted in Nashville, our work is driven by heart, hustle, and an unwavering commitment to doing things the right way. If you're ready to bring your experience, energy, and leadership to a company built on People First, Always. Execution with Integrity. Excellence by Design. — we'd love to meet you.

Elmington is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.

This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship