Job Title: Asset Manager, Compliance and Monitoring
Location: San Francisco. Hybrid.
Department: Asset Management
Reports To: Senior Asset Manager
Job Status: Exempt, Full-Time
Compensation: $110,000.00-$120,000.00 per year, DOE; medical, dental, vision & retirement plan

SUMMARY:

The Asset Manager-Compliance and Monitoring position at Mission Housing Development Corporation will manage, for each property asset, overall compliance requirements with governing documents, regulatory agreements, loan documents and any other pertinent items, establish a system for reporting both internally and externally, and collaborate with appropriate stakeholders to ensure that compliance is maintained, achieving asset performance goals through analysis and due diligence.

Minimum Qualifications:

• At least four years of experience working in affordable housing and/or residential property management setting.
• Experience working in affordable housing properties with multiple layers of funding.
• Three years of experience in income averaging and in the leasing-up of newly constructed 100% affordable housing buildings.
• Knowledge of HUD, TCAC, HOME, HCD, MOHCD, and other guidelines/programs.
• 504 Compliance Certification required.
• Demonstrated knowledge of Fair Housing Laws as well as other regulations and rules.
• Certified Occupancy Specialist (COS) or Tax Credit Specialist (TCS).
• Relevant experience with HUD, RAD, HSH, bonds, tax credits and layered subsidies.
• Experience working in affordable housing properties with multiple layers of funding.
• Familiarity with affordable housing management principles, including funding and regulatory requirements, landlord/tenant law, and fair housing regulations.
• Sensitivity to challenges facing low-income and monolingual residents.
• Ability to work collaboratively with different levels of management and government agencies.
• Capacity to work independently and exercise own judgment in problem-solving.
• Experience working in the nonprofit sector.
• Excellent organizational, administrative, financial, and communication skills (written and oral)
• Proficient in Microsoft Word, Excel & Outlook and Property Management or data tracking software.
• Advanced proficiency in MS Office suite and property management software i.e. YARDI.
• Ability to negotiate.
• Strong time management and organizational skills with attention to detail, and technical project management.
• Excellent written, verbal communication and relationship management skills.
• Strong interpersonal and communication skills.
• Extensive problem-solving and flexibility while remaining focused on solutions

• Ensures that each property developed has legal document summaries, with the financial responsibilities of each partnership and project loan summarized as well as rent restrictions.
• Monitors compliance with governing documents and works with appropriate staff to make sure that compliance is maintained.
• Establishes tickler system for reporting.
• Schedules and coordinates on-going file reviews and ensure files for accuracy and compliance with income limit, rent limit, utility allowances based on regulatory agreements, partnership agreements, other program requirements and resident selection criteria.
• Keeps current on all updates and changes in government agencies’ regulations e.g. TCAC, HUD, MOHCD, HCD etc.
• Manages annual filing requirements, such as SOI, AOP and POP and welfare tax exemption filings.
• Assists Asset Management in preparing reports for funders, investors, and regulatory agencies;
• Updates forms, documents, resident selection criteria;
• Maintains ongoing communications regarding compliance issues with Property Management and Asset Management;
• Coordinates with Property Management to ensure that all 1st year tenant files are in compliance;
• Provides compliance status reports for the entire portfolio to Asset Management;
• Participates in lease-up and/or marketing at new and existing properties;
• Assists Property Management in developing corrective action plans based on internal and external audit findings;
• Attends HUD trainings and LIHTC compliance workshops to stay updated;
• Reviews and approves annual property management budgets.
• Monitors property operations results in relation to budgets/ ops reviews.
• Identifies and manages property(ies) on the watch list/critical list.
• Manages construction draws on small scale capital improvement projects for properties in assigned portfolio.
• Creates and updates asset business plans focused on identifying and mitigating property-related risk.
• Performs/monitors property inspections (including annual inspections).
• Performs other duties as considered appropriate and consistent with the mission of Mission Housing, including working at occasional community-building activities, programs and events (i.e., annual on-property community activities, Carnaval, Sunday Streets, fundraisers, etc.) – as needed or assigned, during or outside regular business hours.
  **Disclaimer: The employer reserves the right to change or assign other duties, if necessary.

Minimum Qualifications:

• At least four years of experience working in affordable housing and/or residential property management setting.
• Experience working in affordable housing properties with multiple layers of funding.
• Three years of experience in income averaging and in the leasing-up of newly constructed 100% affordable housing buildings.
• Knowledge of HUD, TCAC, HOME, HCD, MOHCD, and other guidelines/programs.
• 504 Compliance Certification required.
• Demonstrated knowledge of Fair Housing Laws as well as other regulations and rules.
• Certified Occupancy Specialist (COS) or Tax Credit Specialist (TCS).
• Relevant experience with HUD, RAD, HSH, bonds, tax credits and layered subsidies.
• Experience working in affordable housing properties with multiple layers of funding.
• Familiarity with affordable housing management principles, including funding and regulatory requirements, landlord/tenant law, and fair housing regulations.
• Sensitivity to challenges facing low-income and monolingual residents.
• Ability to work collaboratively with different levels of management and government agencies.
• Capacity to work independently and exercise own judgment in problem-solving.
• Experience working in the nonprofit sector.
• Excellent organizational, administrative, financial, and communication skills (written and oral)
• Proficient in Microsoft Word, Excel & Outlook and Property Management or data tracking software.
• Advanced proficiency in MS Office suite and property management software i.e. YARDI.
• Ability to negotiate.
• Strong time management and organizational skills with attention to detail, and technical project management.
• Excellent written, verbal communication and relationship management skills.
• Strong interpersonal and communication skills.
• Extensive problem-solving and flexibility while remaining focused on solutions.