Affordable Property Manager

Meritus Property Group•Portland, OR

About The Position

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.

Requirements

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
Valid driver’s license and reliable transportation required

Nice To Haves

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

Responsibilities

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
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
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
Support leasing activities including application processing, income verification, and eligibility determinations
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
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