Regional Vice President - Affordable

Elmington Living • Charlotte, NC

29d • Hybrid

About The Position

At Elmington Living, we don't just manage properties — we build communities people are proud to call home. As the team behind 70+ affordable and market-rate assets across the country, we've earned our reputation through relentless care, sharp execution, and an eye for detail that never quits, guided by People First, Always. Execution with Integrity. Excellence by Design.

POSITION SUMMARY The Regional Vice President (RVP) is responsible for the overall operational, financial, and compliance performance of an assigned affordable housing portfolio spanning multiple markets. The RVP leads a team of Regional Managers and sets strategic direction for their portfolio. Regional Managers serve as the primary escalation point for property-level performance, staffing, and regulatory matters; the RVP is the next-level escalation point for issues such as failed inspections, budget variances beyond an established threshold, or staffing/HR matters a Regional Manager is unable to resolve. This role partners closely with the EVP of Property Management, asset management, and ownership/investor stakeholders to ensure portfolio-wide goals are met.

Requirements

• 8+ years of progressive property management experience, including multi-site oversight in affordable housing
• Specific experience in the markets served by this role's portfolio is required
• Deep working knowledge of LIHTC, HUD/Section 8, and state housing finance agency compliance requirements
• Proven track record managing a large, geographically dispersed portfolio and team
• Experience with RealPage/OneSite, Yardi, or Fortress preferred
• Fair Housing certification required within 7 days of employment
• Strong understanding of cash flow and its impact on portfolio-wide financial performance
• Strategic thinking with strong financial and operational acumen
• Executive-level communication, both written and verbal
• Ability to lead through influence across a large, distributed team
• Sound judgment under pressure, particularly in compliance and risk situations
• High degree of professional discretion and polish in ownership-facing settings

Nice To Haves

• Certifications such as Certified Property Manager (CPM), Housing Credit Certified Professional (HCCP), or Certified Occupancy Specialist (COS) a plus

Responsibilities

• Own the financial and operational health of their portfolio, measured primarily through NOI, NRI, bad debt, management fee, and physical and economic occupancy performance to budget
• Set regional strategy in alignment with company objectives and communicate priorities down through Regional Managers
• Review and approve annual budgets, variance explanations, and reforecasts for the region
• Partner closely with asset management and Regional Managers on capital planning, repositioning, and long-term asset strategy across the portfolio
• Represent the region in leadership meetings, ownership calls, and investor reporting
• Develop and maintain portfolio-level action plans addressing underperforming properties, tracking progress against budgeted performance targets
• Manage accounts receivable (AR) and accounts payable (AP) performance across the portfolio and be able to speak to trends, outliers, and aging with ownership and executive leadership
• Conduct site visits across the portfolio at least monthly for in-market properties and at least quarterly for out-of-market properties to assess property condition, team performance, and compliance/operational readiness
• Conduct formal quarterly site inspections across the portfolio, documented with a written inspection report/scorecard, and drive corrective action on any findings
• Ensure financial reporting and budget timelines are met across the portfolio by holding Regional Managers accountable for property-level deadlines
• Schedule and deploy Operations Specialists and Floating Maintenance across properties within the portfolio based on need
• Ensure full portfolio compliance with LIHTC, HUD, Section 8, and other affordable housing program requirements
• Oversee readiness and outcomes for REAC, MOR, and state agency inspections and audits across the region
• Ensure compliance findings are promptly escalated and resolved in partnership with the compliance department
• Monitor recertification timeliness and income/asset qualification accuracy portfolio-wide
• Conduct weekly one-on-one meetings with each direct-report Regional Manager to review performance, priorities, and support needs
• Hire, coach, and develop Regional Managers; build bench strength and succession plans across the region
• Conduct regular performance reviews and set development plans for direct reports
• Drive a culture of accountability, professionalism, and resident-first service across the portfolio
• Partner with L&D on training initiatives and leadership development programs

Benefits

• Medical, dental, and vision coverage begins on the first of the month following your hire date, with no long waiting period.
• Life insurance
• Short- and long-term disability coverage
• 401(k) plan with company match after 90 days
• Unlimited PTO

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed