Full-Time

AVP Asset Management

Multifamily

April Housing

April Housing

No salary listed

Texas, USA

Remote

Category
Real Estate (2)
,
Required Skills
Risk Management
Financial Modeling
Requirements
  • Minimum 7 years of experience in asset management, real estate, or property management, with a strong focus on affordable housing.
  • Demonstrated understanding of LIHTC, HUD programs, and other affordable housing regulations.
  • Strong financial acumen, including experience with financial modeling, budgeting, and reporting.
  • Understanding of affordable housing programs and compliance requirements.
  • Communicates Effectively.
  • Drives Results.
  • Plans and Aligns.
  • Manages Ambiguity.
  • Develops Talent/Professional Development.
  • Resilient.
Responsibilities
  • Develop and implement asset management strategies to maximize property performance, cash flow, and portfolio value while maintaining affordability commitments.
  • Prepare investment recommendation reports for new construction and rehabilitation, including a market assessment, proposed construction scope, and accompanying operating proforma.
  • Oversee a regional portfolio of affordable housing properties, ensuring compliance with HUD, LIHTC, and other federal, state, and local regulatory requirements.
  • Monitor and analyze property performance metrics, including occupancy, rent collections, operating expenses, and capital needs.
  • Conduct regular property and market evaluations to identify opportunities for improvement or risk mitigation.
  • Physically inspect each property within their portfolio with regular cadence
  • Manage property budgets and long-term financial planning, ensuring alignment with ownership goals.
  • Collaborate with property managers to optimize NOI (Net Operating Income) and meet financial targets.
  • Oversee annual audits, financial reporting, and tax credit compliance submissions.
  • Analyze neighborhood or market conditions and trends, identifying the potential impact on the existing portfolio
  • Partner with property management companies to ensure consistent execution of operational strategies.
  • Collaborate with Development and Acquisitions teams to ensure seamless transitions of newly acquired or developed properties into the portfolio.
  • Identify and mitigate potential risks, including physical, financial, and regulatory challenges.
  • Develop and implement corrective action plans as needed to address performance or compliance issues.

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