SUMMARY This individual will work very closely with the onsite property managers, evaluate portfolio performance and identify opportunities for future profitability growth.
JOB DUTIES - Budget planning and analysis
- Property variance analysis
- Cash flow analysis.
- Overseeing performance of a regional portfolio of properties (2500 to 3500 units).
- Respond to requests for information from the investors and capital clients.
- Preparing an annual operating plan which includes lease objectives for each property, operating and capital budgets.
- Assist Property Manager in evaluating and resolving operational issues.
- Required travel to visit sites monthly to ensure compliance.
AFFORDABLE HOUSING DUTIES AND RESPONSIBILITIES - Operates the property in compliance with regulatory agency, lender, investor, and other applicable compliance requirements.
- Ensures resident files, certifications, and re-certifications are completed accurately and timely.
- Passes file audits, physical inspections of units and buildings, and/or management and occupancy reviews.
- Comply with standards for affirmative marketing, including proper completion and maintenance of the Affirmative Fair Housing Marketing Plan (AFHMP) HUD 935.2.
- Market to agencies identified in the AFHMP as well as maintaining availability information with local housing authorities and commercial publications. Maintain AFHMP Binder.
- Ensures that all applications qualify in reference to the Rental Criteria specific to the assigned property. Ensures that all application paperwork is completed and complies with the requirements of the project's programs.
- Prepares for and passes file audits, physical inspections of units and buildings, and/or management and occupancy reviews.
- Lease to households that meet the assigned property's income restrictions, rental criteria and when applicable HUD guidelines.
- Review and update as necessary the Unit Status Report in comparison to tenant lease files to ensure information accuracy.
- Oversee and maintain all new lease and lease renewal practices according to HUD guidelines inclusive of the certification and verification process; process annual recertification and tenant notification documentation at 120, 90, and 60-day increments; process interims as required if assigned to a HUD governed property.
- Ensure property maintains it applicable fractions and set aside requirements identified in the property LURA if assigned to a Tax Credit property.
- Perform supportive service as outlined in the properties LURA and maintain proper documentation; assist as needed with the planning and implementation of social services programs. Programs should be coordinated with the social services provider. Maintain Supportive Service Binder.
- Handle recordkeeping and reporting responsibilities in accordance with the HUD/TC/ADHP/HOME/Bond regulations.
- Maintain all resident files per HUD/TC/ADHP/HOME/Bond guidelines.
- Prepare for, respond to, and oversee corrections needed to meet requirements for all Management Reviews if assigned to a HUD governed property.
- Ensure all physical deficiencies are corrected per violation/inspection notices so that subsidy may be reinstated, or findings corrected.
- Oversee REAC/UPCS inspections including preparation for and corrections to deficiencies noted on findings report.
- Maintain waiting and transfer list per HUD/CA/TC guidelines. Regularly seeks to understand and anticipate resident needs.
- Inspects property two-three times per week including periodic visits to all residents.
- Assist new resident moving in by notifying them of community procedures, parking, hours, night access, mail, etc.
- Along with Property Performance Review (PPR) completes quarterly unit inspections to identify, report, and prevent REAC inspection deficiencies.
- Properly coordinates the administration of supportive services with the Social Service Provider to ensure resident support.
- Maintains a proper Wait List in accordance with HUD/State Monitoring Agency guidelines when applicable.
EDUCATION AND EXPERIENCE - A bachelor's degree in real estate, Finance, or Business is preferred but not required.
- Minimum of five (5) years of progressive experience as an asset manager in the affordable multi-family sector.
- Experience with Housing Assistance Program (HAP) vouchers is required.
- National Affordable Housing Management Association Certifications preferred, but not required.
- Three years (3) of affordable housing property management experience overseeing a busy complex and staff that includes responsibility for financial and operational results, HUD/TC/AHDP/HOME/Bond administration, and staff supervision to ensure compliance with site-specific programs.
- Strong knowledge of HUD policies as well as Project Based Section 8 rules and regulations for Project Based Affordable Housing; Strong knowledge of Tax Credit/AHDP/HOME/Bond polices for Tax Credit/AHDP/HOME/Bond Properties.
- Thorough and current knowledge of the most recent version of the 4350.
- Knowledge of HUD Secure Systems; TRACS, IMAX, EIV on a HUD governed property.
- Excellent customer service skills and the ability to develop a rapport with the residents, community staff and HUD administrator/State Monitoring Agency.
- COS Certification on a HUD governed property.
- Prior experience with distressed properties is a must.
- Must be hands on and a strong communicator
- Strong organizational and analytical skills
- Ability to problem solve and apply critical thinking skills.
- Practiced experience running distressed real estate
- Fundamental knowledge of construction rehabs and working jobs
- Principal experience in understanding all operating and financial statement review to optimize property operations
- Sound communication and organization experience; the incumbent must be able to be make sound business decisions under a small company environment
Lynd Management Group, LLC does not discriminate based on race, color, religion, age, gender identity or expression, national origin, disability, veteran status, sexual orientation, marital status, or any other classification protected by Federal, state, or local law. Any information provided will be used only in the compilation of data for EEO/Affirmative Action reporting. Completion of this data is voluntary and will not affect your opportunity for employment and/or terms or conditions of employment.
Lynd Management Group, LLC participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S.
Lynd Management Group, LLC participa en E-Verify y proporcionará al gobierno federal la información de su Formulario I-9 para confirmar que usted está autorizado para trabajar en los EE.UU.