Affordable Housing Asset Manager (Housing Community Developer IV)

$70,550.69 - $117,584.69 Annually
Dec 10, 2018
Jan 21, 2019
Full Time
Multiple positions may be filled from this job announcement. The Department of Housing and Community Development (HCD) is searching for a results-oriented, team player for their Asset Management Division. Under general supervision of the Director of Rental Housing, the Asset Manager will be responsible for taking initiative to ensure that properties are physically well-maintained and in compliance with all lender, U.S. Treasury, HUD and other regulatory requirements, including HCD policies and procedures, agreements, programs and covenants. As an integral member of HCD, the candidate must interact in a thoughtful and collaborative manner with the community level and senior management and exemplify the highest standards of honesty, respect, integrity, and discretion.
  • Performs regular financial analysis of assigned portfolio's operating results and performance versus their business plan and searches for opportunities to maximize revenue and minimize expenses.
  • Conducts on-site property inspections and file review; identifies and documents deficiencies in property condition, cleanliness, and service levels.
  • Conducts preliminary analysis on repositioning of properties and recommends ways to enhance the property.
  • Keeps current on market factors that impact the positioning and performance of assigned portfolio.
  • Ensures a complete and clear understanding of federal, state and local program requirements for assets within portfolio.
  • Assists in the annual involvement of the property audits.
  • Reviews and analyzes annual operating budgets and business plans.
  • Assists the division director with understanding factors impacting monthly, quarterly and annual reporting results.
  • Documents and communicates regularly regarding the performance of the assigned assets and/or portfolio performance with Division Director.
  • As required, attends public meetings and presents information on HCD programs.
  • Portfolio of properties may have many layers of federal and state subsidies such as Low-Income Housing Tax Credit (LIHTC), Project Based Vouchers (both RAD and regular), Community Development Block Grant (CDBG), Home Investment Partnership Program (HOME), Affordable Dwelling Units (ADU) and Section 8 Project Based Rental Assistance Vouchers.
  • Coordinates activities for projects within assigned portfolio with other asset managers and other HCD staff (i.e. Property Management, Property Improvement and Maintenance, Financial Management, Real Estate Finance, Grants Management, and Design, Development and Construction Divisions) and other Fairfax County agencies and related groups.
NOTE: The starting salary for this position will not exceed the mid-point of the salary range. Employment Standards MINIMUM QUALIFICATIONS:
Depending on the area of expertise listed below, any combination of education and experience equivalent to a bachelor's degree plus the required years of experience will be considered.

For positions in Asset Management Division:
A bachelor's degree in public or business administration, real estate finance, or related field, plus four years of progressively responsible managerial experience in the fields of real estate, real estate finance, affordable housing asset management, or property management. A master's degree in a related field may be substituted for one year of the required experience.

The appointee to this position will be required to complete a criminal background check, a credit check and a driving record check to the satisfaction of the employer.

  • Preferred candidates will have a bachelor's degree in Business Administration, Finance or progressive working experience and knowledge within the area of asset management, local and federal housing programs, and/or residential multifamily housing development.
  • Solid budget and financial management background, with working knowledge of financial underwriting and modeling to create/manipulate/review pro-formas, budgets, cash flow analysis, and forecasting reports.
  • Strong written and oral communication skills are critical.
  • Outstanding customer service skills and ability to establish and maintain effective working relationships.
  • Ability to plan and implement activities in order to ensure effective and efficient utilization of resources.
  • Advanced knowledge of Excel and YARDI.
  • Strong team leadership skills.
  • Experience working with the public, is preferred.
The job will require routine visits to properties within the assigned portfolio, however duties require walking, standing bending, stooping, reaching, carrying/lifting items under 15 pounds in weight, and sitting for lengthy periods. Must be able to operate a motor vehicle. Visual acuity is required to read data on computer monitor and operate keyboard driven equipment. Must be able to communicate verbally and in writing. Duties may be performed with or without reasonable accommodations.

It is the policy of Fairfax County Government to prohibit discrimination on the basis of race, sex, color, national origin, religion, age, veteran status, political affiliation, genetics, or disability in the recruitment, selection, and hiring of its workforce.

Reasonable accommodations are available to persons with disabilities during application and/or interview processes per the Americans with Disabilities Act. Contact 703-324-4900 for assistance. TTY 703-222-7314. EO/AA/TTY. Fairfax County is proud to offer employees an attractive and comprehensive benefits program, including the following:
  • Medical/Vision/Dental Insurance Coverage
  • Flexible Spending Programs
  • Contributory Retirement Plan
  • Life Insurance
  • Long-Term Disability Insurance
  • Paid Leave (Sick and Vacation)
  • Employee Assistance Program
  • Employees' Child Care Center and Fitness Center
  • Flexible Schedule and Telework Options
  • Transportation Subsidy
  • Discount Educational Programs
For additional details please visit the County's benefits webpage.
01 What is the highest level of education that you have completed?
  • Less than 12th grade
  • High school diploma or GED
  • Some college
  • Associate's degree
  • Bachelor's degree
  • Master's degree
  • Doctorate degree
02 If you answered "Some college" for the highest level of education completed, please indicate the number of quarter or semester hours you have completed towards a related degree.
  • Less than 45 quarter hours
  • 45 to less than 90 quarter hours
  • 90 to less than 135 quarter hours
  • 135 to less than 180 quarter hours
  • 180 or more quarter hours
  • Less than 30 semester hours
  • 30 to less than 60 semester hours
  • 60 to less than 90 semester hours
  • 90 to less than 120 semester hours
  • 120 or more semester hours
  • Not applicable
03 If you indicated that you have a degree in the previous question, please indicate your area of study below. If you do not have a degree, please indicate "not applicable."
  • Business administration
  • Public administration
  • Real estate finance
  • Other (related field)
  • Other (non-related field)
  • Not applicable
04 If you answered "Other (related field)" or "Other (non-related)" for the previous question, please list the discipline of your degree. If this question does not pertain to you, or you do not have a degree, enter "Not applicable."
05 How many years of full-time equivalent progressively responsible managerial experience do you have in the fields of real estate, real estate finance, affordable housing asset management, or property management?
  • None
  • Less than one year
  • One to less than two years
  • Two to less than three years
  • Three to less than four years
  • Four to less than five years
  • Five to less than six years
  • Six to less than seven years
  • Seven to less than eight years
  • Eight to less than nine years
  • Nine or more years
06 Please indicate which of the following areas of residential/multifamily housing program management you have at least FOUR years of progressively responsible experience working with? Check all that apply.
  • Multifamily Asset Management
  • Multifamily Property Management
  • Low Income Housing Tax Credit (LIHTC)
  • Federally Subsidized Programs (HCV, PBV, PBRA, CDBG, HOME, SPRAC, etc.)
  • None of the above
07 How many years of "hands on" experience do you have working in commercial or multifamily asset management?
  • None
  • Less than one year
  • One to less than two years
  • Two to less than three years
  • Three to less than four years
  • Four to less than five years
  • Five to less than six years
  • Six to less than seven years
  • Seven to less than eight years
  • Eight or more years
08 How many years of full-time equivalent experience do you have preparing financial analysis?
  • None
  • Less than one year
  • One to less than two years
  • Two to less than three years
  • Three to less than four years
  • Four to less than five years
  • Five to less than six years
  • Six to less than seven years
  • Seven or more years
09 Please indicate which of the following you have experience working with. Check all that apply.
  • Using data collection tools and procedures to develop capital needs assessments, housing market analyses, and project viability studies
  • Working with staff to ensure long-term sustainability of property assets
  • Developing Pro-Formas, Development Budgets and Sources and Uses
  • Developing and monitoring cash flow projections, capital funds, financials, and budgets
  • Conducting property risk assessments and risk analysis reporting and recommendations
  • Review and analyses of legal and/or loan documents and financial reports
  • Work with lenders, investors or funders (third party partners)
  • Monitoring of construction process and construction draws
  • Collaborating with staff and other agencies to develop plans for providing supportive services
  • Successfully establishing and maintaining positive relations with the public, community work groups and/or citizen organizations and related groups,
  • Ensuring compliance with financial lenders and governmental contractors
  • Monitoring maintenance and progress expenditures
  • Quality control, compliance and auditing (i.e. LIHTC; Section 8 Program)
  • None of the above

Required Question

Similar jobs