Sr. Asset Manager

New York Housing Trust Fund • Buffalo, NY

6d • $0 - $103,968 • Hybrid

About The Position

This position is with the Housing Trust Fund Corporation (HTFC), an agency of New York State Homes and Community Renewal (HCR). HCR is the State's affordable housing agency, dedicated to building, preserving, and protecting affordable housing and increasing homeownership across New York State. The Statewide Asset Management Unit is responsible for the asset management and compliance monitoring of the Agency's existing housing loan portfolio, which includes various loan and subsidy programs. This role offers a possible hybrid work opportunity.

Requirements

• Bachelor’s degree and 4 years of LIHTC compliance experience required.
• LIHTC Certifications required.
• 2 years minimum supervisory experience.
• Ability to establish effective working relationships.
• Excellent oral and written communication skills.
• Strong analytical and organizational skills.

Nice To Haves

• Substitutions: four years of specialized experience or associate degree and two years of specialized experience may substitute for bachelor’s degree; J.D. or master’s degree may substitute for one year of specialized experience; Ph.D. may substitute for two years of specialized experience.

Responsibilities

• Conduct on-site LIHTC/HOME/Housing Trust Fund/Turnkey/SLlHC/HUD 236/Mitchell Lama/HCR financed/supervised property compliance audits/physical inspections for assigned portfolio.
• Interact frequently with Owners and property managers regarding the operation and management of the property; perform periodic site inspections and management evaluations as required by the project's regulatory agreements and Agency policy.
• Implement and enforce the Agency's regulatory requirements regarding financial reporting, property use restrictions, lease analysis and the low-income unit set aside requirements.
• Develop recommendations to enhance the long term financial and physical health of projects assigned to the Asset Manager.
• Review financial and operating reports submitted by project owners; upon request, submit periodic Physical and Financial Status reports.
• Review project operations and record keeping for compliance with applicable laws and regulations.
• Prepare field reports, correspondence, and corresponding follow-up to site visits in a timely manner.
• Maintain Prolink/SHARS/Samis: setup compliance requirements for new projects, establish applicable income limits and rent maximums in system on an annual basis, import Annual and Monthly reports onto the systems.
• Supervise, train, and mentor a team of asset managers.
• Pre8609 Reviews: investigate and determine compliance requirements for projects about to be issued 8609s, evaluate annual tenant events in Prolink or any other software used by HCR to ensure that projects are fulfilling all compliance responsibilities as of the issuance date and are performing due diligence in fulfilling federal, state, and local requirements.
• Prepare project-specific income limit and rent charts for assigned portfolio when HUD publishes new MTSP and HERA charts.
• Prepare, evaluate, and import financial data into project's annual risk analysis for assigned portfolio.
• Work with project owners and managers to prepare materials, recommend solutions, action plans, or strategies that will ensure compliance and improve project performance.
• Instructs managing general partners, managing agents and site staff on proper management practices for improving overall operations and compliance with applicable program requirements.
• Perform on-going project maintenance activities including review of rent increases, reserve withdrawals, tax and insurance escrows, leases and repair requests.
• Supervise work assignments, field audits, and schedules of assigned team.
• Assist in other functions/duties of the Statewide Asset Management Unit.

Benefits

• Extensive benefits package including participation in New York State’s Health Insurance Program and New York State & Local Employees’ Retirement System.
• Promotional opportunities for dedicated professionals.
• Work-life balance benefits including a 37.5-hour work week, opportunity for compressed scheduling, and paid time off benefits (vacation, sick, personal days, and federal holidays).
• 12 weeks of Paid Parental Leave.
• Paid Family Leave.
• Eligibility for Federal Public Service Loan Forgiveness Program (PSLF).

What This Job Offers

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