Senior Affordable Housing Asset Manager - Remote

HumanGood; Sacramento (CA); Remote; USD 110,000 - 130,000; Full time

Benefits offered by this job

Health, Dental and Vision plans

PTO 20 days + holidays

401(k) with employer match

HSA option

Tuition reimbursement

Cell phone plan stipend

Cell phone stipend

Employee assistance program

Job summary

HumanGood is seeking a Senior Asset Manager to operate independently under the Asset Management Lead/Director to ensure the long-term financial and physical well-being of LIHTC and HUD communities. You will develop strategies to maximize portfolio value and cash flow while coordinating with lenders, investors, and regulators.

Role emphasizes budgeting, compliance, and long-term capital planning, with oversight of asset performance from stabilization through first full fiscal year.

Qualifications

• 6+ years of experience in Affordable Housing required.
• 4+ years of experience with LIHTC funding required.
• 4+ years of experience in Affordable Housing asset management preferred.
• BA degree in finance, public administration, business, or related field (MA preferred). Work experience may be substituted
• Understanding of operations of affordable housing
• Experience working with multiple internal and external clients.
• Ability to follow-through and deliver work assignments on time.
• Conscientious to work detail and well organized are essential.
• Multifamily subsidy sources, including Section 42 low-income housing tax credits, state or local housing funding
• Knowledge of HUD real estate policies and/or transactions

Responsibilities

• Develop and implement strategies to maximize portfolio value, cash flow, and long-term financial performance, including recapitalization opportunities.
• Identify underperforming or “Watch List” properties and recommend corrective strategies.
• Monitor properties through stabilization and the first full fiscal year to ensure pro forma performance.
• Independently monitor properties transitioning into operations to ensure pro forma performance through stabilization and the first full fiscal year.
• Analyze budgets against projections, benchmarks, and goals to ensure compliance with affordability, operating expenses, reserve funding, and cash distribution requirements.
• Support Operations in developing project budgets that meet debt service coverage, reserve funding, and cash flow distribution needs.
• Monitor operating expenses and provide variance explanations; propose creative solutions to financial challenges.
• Review and track annual budgets, audited financials, tax returns, and capital accounts; ensure timely submission to stakeholders.
• Review and complete waterfall calculations and distribution summaries.
• Participate in long-term capital planning and ensure reserve accounts are adequately funded.
• Coordinate with Finance and Operations to ensure timely reserve draws and insurance claim processing.
• Track and support property tax exemptions and appeals

Skills

Affordable Housing

LIHTC funding

Asset management

Education

BA in finance/public administration/business

MA preferred

Job description

HumanGood is seeking a Senior Asset Manager to operate independently under the Asset Management Lead/Director to ensure the long-term financial and physical well-being of LIHTC and HUD communities. You will develop strategies to maximize portfolio value and cash flow while coordinating with lenders, investors, and regulators.

Role emphasizes budgeting, compliance, and long-term capital planning, with oversight of asset performance from stabilization through first full fiscal year.