Asset Manager - Affordable Housing (LIHTC/Preservation Focus) - JN-062026-7029800

Critical role, driving portfolio performance to maximize financial/social impact
One of the fastest growing affordable housing developers in the country

About Our Client

Our client is one of the fastest-growing affordable housing developers in the country, recognized for its innovative approach to preservation and community-focused investment strategies. To support continued expansion, the firm is seeking an Asset Manager to oversee a dynamic portfolio of affordable housing assets, with a strong emphasis on LIHTC, Section 8, and preservation-oriented housing initiatives. This role is critical to driving portfolio performance, executing business plans, and partnering closely with internal teams, investors, and operating partners to maximize both financial and social impact.

Job Description

The ideal candidate combines technical asset management expertise with a commercial mindset, strong interpersonal presence, and the ability to influence stakeholders and drive outcomes.

Key Responsibilities

Manage a portfolio of 3 -15 assets (800-3,000 units), ensuring financial and operational performance aligns with investment objectives
Oversee LIHTC compliance, Section 8/HUD programs, and preservation initiatives, including refinancing and syndication
Develop and execute asset-level business plans, including capital improvements, lease-up strategies, and operational efficiencies
Monitor property performance through detailed review of financial statements, budgets, variance analyses, and KPIs
Partner with property management and development teams to optimize operations, address challenges, and drive NOI growth
Lead interactions with investors, lenders, and public agencies, providing clear, strategic reporting and recommendations
Identify and implement value-enhancing strategies, including repositioning, cost management, and revenue optimization
Support capital events, including acquisitions, dispositions, refinancing, and investor reporting
Travel to portfolio locations regularly to maintain direct oversight and relationships

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

Required Qualifications

Extensive experience in affordable housing asset management, with a strong preference for LIHTC and preservation deals
Hands-on experience with programs such as Section 8, HUD, and (ideally) NYCHA PACT
Proven track record managing a portfolio in the range of 800-3,000 units (3-15 assets)
Strong tenure at prior firms demonstrating stability and progressive responsibility
Ability to confidently represent ownership in front of investors and stakeholders, with strong communication and persuasion skills
Willingness and ability to commute to NYC at least 3 days/week and travel across the portfolio

Preferred Background

Experience at an affordable housing developer or owner-operator strongly preferred
Candidates who have successfully transitioned from property management or construction into asset management will be considered
Advanced degree preferred (MS in Real Estate, Finance, Accounting, or related discipline)
Strong understanding of real estate finance, capital structures, tax credits, and compliance frameworks
Commercially sharp with a "deal mindset" and strong financial instincts
Solutions-oriented and proactive; anticipates issues and drives resolution
Polished, credible, and influential; able to gain buy-in from investors and partners
Strong networking ability and relationship builder within the affordable housing ecosystem
Operates with an ownership mentality and a high level of accountability
Candidates from banking backgrounds are less preferred compared to those with direct real estate/operator experience