Affordable Housing Asset Specialist

SERVING SENIORS • San Diego, CA

7d • $72,000 - $78,000 • Onsite

About The Position

The Affordable Housing Asset Specialist is responsible for overseeing a portfolio of affordable housing properties to maximize financial performance, maintain regulatory compliance, preserve physical assets, and support long-term ownership objectives. This role serves as a liaison among property management teams, investors, regulatory agencies, and senior leadership while ensuring compliance with affordable housing programs including LIHTC, TCAC, HUD, and the San Diego Housing Commission.

Requirements

• Minimum 3-5 years of experience in affordable housing, multifamily asset management, property management, or a related field.
• Demonstrated experience with Low-Income Housing Tax Credit (LIHTC) properties and compliance requirements.
• Experience with HUD programs strongly preferred.
• Experience in financial analysis, forecasting, budgeting, and executive-level reporting.
• Strong knowledge of affordable housing programs.
• Understanding of real estate finance, asset management principles, and capital planning.
• Knowledge of Area Median Income (AMI) calculations and affordable housing income restrictions.
• Proficiency in Microsoft Excel and other property management or asset management software systems.
• Strong analytical, organizational, and data management skills.
• Ability to interpret regulations, financial reports, and legal documentation.
• Excellent verbal and written communication skills.

Nice To Haves

• Bachelor’s degree in Real Estate, Finance, Business Administration, Accounting, or a related field preferred.
• Strategic asset management and portfolio optimization.
• Regulatory compliance and risk management.
• Financial modeling and forecasting.
• Capital planning and project oversight.

Responsibilities

• Monitor the operational, financial, and occupancy performance of a portfolio of affordable housing assets.
• Evaluate property performance against budgets, pro formas, and strategic objectives.
• Prepare and present monthly asset performance reports to senior leadership teams.
• Develop and maintain property profiles, asset records, and key portfolio documentation.
• Ensure compliance with all applicable affordable housing regulations, policies, and program requirements, including: Low-Income Housing Tax Credits (LITEC), California Tax Credit Allocation Committee (TCAC), HUD programs, San Diego Housing Commission.
• Serve as a resource on affordable housing compliance requirements and best practices.
• Monitor property management companies’ performance, policies, and operational practices.
• Conduct regular site visits to evaluate property condition, operations, and compliance.
• Collaborate with management teams to maintain occupancy, resident satisfaction, and operational efficiency.
• Analyze financial statements, budgets, forecasts, and performance metrics.
• Identify variances and recommend strategies to improve asset performance.
• Prepare financial analyses and reports for senior leadership.
• Support annual budgeting and long-term financial planning efforts.
• Collaborate with CAO and property management to develop and maintain life-cycle capital plans for each property.
• Monitor capital improvement projects to ensure they remain on schedule and within budget.
• Communicate capital plan variances and funding needs during annual budgeting processes.
• Support the long-term preservation and sustainability of affordable housing assets.
• Lead efforts to prepare eligible LIHTC properties for Year 15 ownership transitions and buyouts.
• Coordinate due diligence, documentation, and stakeholder communications related to ownership transactions.
• Manage buyout transactions through completion.

Benefits

• Serving Seniors pays 100% of employees medical & dental coverage. (For employees who qualify for benefits)
• Paid holidays
• Paid time off
• Floating holiday
• Up to a 3% match on 403(b) retirement plans

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level