Affordable Property Manager

Position Summary

The Affordable Property Manager is responsible for the day-to-day operations, financial performance, compliance, and resident experience across a portfolio of affordable housing communities. This is a multi-site role supporting LIHTC, HUD, and Permanent Supportive Housing (PSH) programs.

This position requires a strong working knowledge of affordable housing compliance, financial management, and resident-centered operations. The ideal candidate is highly organized, detail-oriented, and comfortable managing multiple properties, deadlines, and regulatory requirements simultaneously.

Key Responsibilities

Affordable Housing Compliance

• Complete and oversee initial certifications, annual recertifications, and interim income certifications for LIHTC, HUD, and PSH programs
• Maintain accurate, audit-ready resident files in compliance with IRS Section 42, HUD, and applicable state and local regulations
• Manage and maintain a 120/90/60-day notice tracking system to ensure timely recertifications, lease renewals, and regulatory notices
• Prepare properties for agency reviews, investor audits, MORs, and other compliance inspections
• Ensure consistent Fair Housing compliance and adherence to landlord-tenant laws

Financial Management & Budgeting

• Prepare annual operating budgets in collaboration with ownership and leadership
• Create monthly budget variance narratives, identifying trends, risks, and recommended corrective actions
• Code and approve invoices accurately and timely in accordance with budget and internal controls
• Monitor property financial performance, accounts receivable, and expense controls across the portfolio
• Support rent collection efforts and resident repayment plans as needed

Operations & Portfolio Oversight

• Oversee daily operations across multiple affordable housing sites to ensure consistency with company policies and regulatory requirements
• Support on-site teams with operational guidance, compliance oversight, and problem-solving
• Coordinate with maintenance teams and vendors to ensure timely unit turns, repairs, and capital needs
• Conduct site visits and inspections to ensure properties meet physical, safety, and presentation standards

Leasing, Occupancy & Resident Relations

• Support leasing activities including application processing, income verification, and eligibility demonstrations
• Monitor occupancy, waitlists, and leasing activity across the portfolio
• Ensure resident communications, notices, and enforcement actions are handled professionally and consistently
• Promote a resident-centered approach while maintaining program integrity, particularly within PSH communities

Reporting & Communication

• Prepare and submit required operational, financial, and compliance reports
• Communicate regularly with leadership regarding property performance, risks, and opportunities
• Maintain organized documentation and reporting systems across all assigned sites

Qualifications

Required

• 2+ years of experience in affordable housing property management
• Hands-on experience with LIHTC compliance, including income certifications and recertifications
• Working knowledge of HUD and/or PSH programs
• Experience preparing annual budgets and monthly budget variance narratives
• Experience coding and approving invoices
• Strong organizational skills and ability to manage multiple properties and deadlines
• Proficiency with Yardi or similar property management software
• Excellent written and verbal communication skills

Preferred

• Experience managing multi-site affordable portfolios
• Familiarity with state housing agencies, investor reporting, and audit processes
• Industry certifications (ARM, CAM, HCCP, COS, or equivalent)
• Experience working in resident-centered or supportive housing environments

Work Environment & Requirements

• Combination of office and on-site property work
• Regular travel between assigned properties
• Valid driver’s license and reliable transportation required

Why This Role

This role offers the opportunity to manage a diverse affordable housing portfolio, contribute directly to housing stability for vulnerable populations, and play a key role in financial and compliance performance across multiple communities.