Senior Asset Manager, Affordable Housing & LIHTC

Decatur Housing; Decatur (GA); Vor Ort; USD 90.000 - 130.000; Vollzeit

Zusammenfassung

Decatur Housing seeks an Asset Manager to maximize financial, physical, and operational performance of its affordable housing portfolio including LIHTC, PBRA, PBV, and HUD-assisted properties.

You will oversee budgets, capital plans, compliance, and development support, collaborate with investors, lenders, and consultants, and ensure timely reporting to regulators and partners. A bachelor’s degree and at least 5 years in affordable housing asset management are required.

Qualifikationen

• Bachelor’s degree in Finance, Accounting, Real Estate, Urban Planning, Public Administration, Business Administration, or related field.
• Minimum of 5 years of experience in affordable housing, asset management, real estate finance, property operations, development, or related field.
• Experience with LIHTC properties required.
• Experience with affordable housing, development, HUD programs (PBV/PBRA) preferred.
• Experience analyzing property financial statements, budgets, and cash flow models.
• Understanding of development financial structures, including tax credit equity, conventional debt, bonds, and public funding sources.
• Ability to manage multiple projects and competing deadlines.

Aufgaben

• Monitor the portfolio’s financial performance, including budgets, operating statements, cash flow, reserve balances, and financial ratios.
• Analyze monthly and quarterly property financial reports and recommend strategies to improve revenue, occupancy, and operating efficiency.
• Review and evaluate property operating budgets and capital plans.
• Monitor operating and replacement reserve accounts and recommend funding strategies.
• Assess property performance against underwriting projections and investor expectations.
• Develop and track key performance indicators for occupancy, collections, operating expenses, debt coverage, and physical condition.
• Ensure compliance with LIHTC regulations and extended-use agreements.
• Monitor tenant income certifications, rent restrictions, utility allowances, and required annual recertifications.
• Coordinate compliance reporting with consultants, syndicators, and investors.
• Evaluate management practices to reduce the risk of IRS Form 8823 findings.
• Support Property Management during state housing finance agency audits and reviews.
• Stay current on LIHTC regulations and industry best practices.
• Monitor compliance with applicable HUD regulations and related requirements, including PBV, HCV, PBRA, Fair Housing, and Uniform Guidance.
• Coordinate responses to HUD reviews, audits, REAC inspections, and management assessments.
• Ensure accurate and timely submission of required regulatory reports and certifications.
• Support Financial Data Schedule (FDS), subsidy, and grant compliance activities.
• Oversee longterm capital planning.
• Review and update Capital Needs Assessments (CNAs) and Physical Needs Assessments (PNAs).
• Identify and prioritize capital improvements and modernization projects.
• Monitor major rehabilitation projects and reservefunded expenditures.
• Develop strategies to preserve affordability and extend asset life.
• Support Year 15 compliance and repositioning initiatives.
• Identify improvements to inspection procedures and strengthen quality control.

Kenntnisse

LIHTC

Asset management

Regulatory compliance

Financial analysis

Development coordination

Ausbildung

Bachelor’s degree in Finance/real estate/urban planning

Jobbeschreibung

Decatur Housing seeks an Asset Manager to maximize financial, physical, and operational performance of its affordable housing portfolio including LIHTC, PBRA, PBV, and HUD-assisted properties.

You will oversee budgets, capital plans, compliance, and development support, collaborate with investors, lenders, and consultants, and ensure timely reporting to regulators and partners. A bachelor’s degree and at least 5 years in affordable housing asset management are required.