Affordable Housing Asset Manager (135 views)

1 South Pack Square, Asheville, NC 28801 US
November 16, 2022 2023-01-15
Job Description

What will you do as MHO’s Asset Manager?  

MHO’s asset management team is responsible for the long-term ownership interest in a strong portfolio of affordable apartment communities and commercial developments. The portfolio includes 29 residential properties with 1,346 units, a 9,060 square-foot commercial property, and ownership interest in three mixed-use condominium associations.   

The Affordable Housing Asset Manager will be accountable for the active and strategic pursuit of the long-term goals and objectives of a portfolio of specific properties. The goals are focus on mission impact, financial and physical sustainability, and maintaining positive relationships with property funders and regulatory agencies. The Affordable Housing Asset Manager reports to the Director of Asset Management. 

Specific performance accountabilities include, but are not limited to the following: 

  • Oversee a portfolio of 18 to 20 residential and commercial assets, ensuring the highest performance of each asset against strategic goals. 
  • Provide analysis and strategy for new developments, acquisitions, and rehabilitations, helping MHO make strategic and informed decisions on opportunities  
  • Ensure long-term sustainability of new developments, acquisitions, and rehabilitation projects through informed contributions to project planning. 
  • Monitor ongoing physical property conditions and performance against established benchmarks, operating trends, market forces and initial projections. 
  • Identify and positively resolve problems related to watch list properties. 
  • Monitor, analyze, and report on audited financial statements, current and historical financial performance, and program compliance, completing reports as required. 
  • Conduct periodic market research to maintain an understanding of rental market in each location. 
  • Develop and implement multiyear capital improvement plans in cooperation with third-party management company. 
  • Ongoing analysis of property financing, suggesting debt restructuring, repositioning, partner exits, etc. when appropriate. 
  • Monitor quality of third-party property management through review of performance against property management contracts and management plans, property financial reports, regulatory compliance, and resident satisfaction surveys. 

Key lived experiences, attributes, and skill sets sought in the Affordable Housing Asset Manager 

  • Working knowledge of housing programs and at least three years of finance, accounting, development or property management experience for a nonprofit organization or equivalent experience; knowledge of finance, accounting, property management and development preferred.  
  • Ability to demonstrate compassionate service with diverse individuals from all walks of life, including, but not limited to, race, income, age, and ability. 
  • Strong interpersonal skills required to relate to renters, partners, and colleagues. Ability to work well in a collaborative environment. 
  • Demonstrated appreciation of the mission and work of Mountain Housing Opportunities. 
  • Demonstrated ability to think strategically with a thorough understanding of strategic housing development. 
  • Must be self-motivated, results oriented and able to set priorities while working on numerous projects simultaneously. 
  • Excellent interpersonal, organizational, communication (both verbal and written), analytical and negotiating skills. 
  • High energy, positive “can-do” attitude, curious, flexible, team-oriented, with strong attention to detail and a good sense of humor. 
  • Open to becoming certified in Asset Management in first two years. 
  • Proficient with computer skills and knowledge of Microsoft Excel.