Affordable Regional Property Manager

Meritus Property Group•Portland, OR

About The Position

Regional Property Managers are responsible for overseeing the daily operations of a diverse portfolio of affordable multifamily housing communities in accordance with company policies, regulatory requirements, lease agreements, and applicable federal, state, and local laws. This role requires a strong understanding of affordable housing programs and compliance requirements, including LIHTC, HUD, RD, and other subsidized housing programs as applicable. Regional Property Managers report directly to the Vice President of Multifamily for Meritus Property Group.

Requirements

Bachelor’s Degree preferred; equivalent industry experience considered
6–10 years of multifamily property management experience required, with affordable housing management experience strongly preferred
Experience overseeing portfolios of 1,000+ units and scattered-site communities preferred
Strong knowledge of affordable housing programs including LIHTC, HUD, Section 8, Rural Development (RD), and other subsidized housing programs as applicable
Experience preparing for and responding to compliance audits and agency inspections
Experience managing on-site staff and maintenance teams across multiple locations
Knowledge of applicable landlord/tenant laws, fair housing regulations, and affordable housing compliance requirements
Ability to work independently, multi-task, and adapt to changing priorities in a fast-paced environment
Proficiency in Yardi required; experience with other software programs including Microsoft Office, SAP Concur, and TenantTech preferred
Strong communication, leadership, organizational, and problem-solving skills

Responsibilities

Oversee and direct day-to-day operations across an assigned affordable housing portfolio, including the direct management and support of on-site teams
Ensure properties remain in compliance with all applicable affordable housing regulations and program requirements, including but not limited to LIHTC, HUD, Rural Development (RD), and other agency requirements
Monitor occupancy, recertifications, file compliance, waitlists, and reporting requirements to maintain program compliance and minimize audit findings
Partner with compliance teams and site staff to prepare for agency inspections, audits, and file reviews
Maximize property performance while maintaining compliance with affordability restrictions and program guidelines
Responsible for monthly review of financial reporting and budget variance analysis, while overseeing the annual budgeting process with owners and property managers
Monitor property performance metrics including occupancy, delinquency, concessions, and resident retention
Design and implement competitive and effective incentive compensation programs
Develop and implement marketing and leasing strategies that align with affordable housing regulations and target populations
Perform regular site visits to ensure smooth operations, evaluate curb appeal and property condition, and conduct physical inspections of communities
Maintain positive relationships with ownership groups, regulatory agencies, vendors, and residents
Recruit, train, coach, and develop on-site staff in partnership with Human Resources, including performance management and disciplinary action as needed
Ensure teams are properly trained on affordable housing compliance requirements, fair housing laws, and company policies and procedures
Monitor accounts receivable and accounts payable functions for each property
Other related duties as needed or assigned