Asset Manager – Affordable Housing

Asset Manager / Director – Affordable Housing

Location: Washington, DC–Baltimore or Atlanta, GA

Employment Type: Full-Time

About the Role

Our client is seeking a senior-level Asset Manager (Director/VP track) to play a foundational role in building and scaling their affordable housing platform. This is not a maintenance-style asset management role—this individual will work directly with leadership to establish best-in-class policies, procedures, and asset management infrastructure as the portfolio grows.

This is a hands-on, high-visibility position for someone who wants to be deeply engaged in their investments—not sitting behind a desk. The right candidate will be active in the field, regularly visiting assets, partnering with operators, and driving performance on the ground.

This role offers a clear path for career progression alongside company growth, with the opportunity to step into broader leadership responsibilities over time.

What You’ll Do

Platform Buildout & Leadership

• Partner directly with executive leadership to build and refine asset management processes, reporting frameworks, and operational standards
  
• Help shape portfolio strategy and contribute to long-term business planning
  
• Establish scalable infrastructure to support portfolio growth
  

Drive Asset Performance

• Lead financial analysis including monthly reporting, variance analysis, and KPI tracking
  
• Oversee budgeting, forecasting, and reforecasts
  
• Identify and execute strategies to increase NOI and asset value
  

Execute Business Plans

• Own asset-level strategies including lease-up, stabilization, repositioning, and long-term hold strategies
  
• Continuously track performance against underwriting and adjust execution as needed
  
• Proactively identify risks and implement solutions
  

Active Asset Oversight (In the Field)

• Maintain a strong on-the-ground presence through regular site visits
  
• Partner closely with third-party property managers to drive leasing, operations, and resident experience
  
• Hold operators accountable to performance metrics and business plans
  

Capital & Value Creation

• Develop and oversee capital improvement initiatives
  
• Ensure execution aligns with budget, timelines, and return expectations
  

Compliance Oversight

• Ensure adherence to LIHTC, HUD, and other affordable housing regulations
  
• Oversee audits, reporting, and regulatory compliance processes
  

Investor & Stakeholder Communication

• Prepare and deliver clear, concise reporting on asset performance
  
• Provide insights on risks, opportunities, and strategic decisions
  

Transaction Support

• Support acquisitions, dispositions, and refinancing efforts
  
• Lead asset onboarding and transition execution
  

• 6–10+ years of asset management experience, with meaningful exposure to affordable housing
  
• Strong working knowledge of LIHTC, HUD, and related compliance frameworks
  
• Demonstrated ability to drive asset performance and execute business plans
  
• Experience managing and influencing third-party property management teams
  
• Highly analytical with strong financial modeling and Excel skills
  
• Willingness and interest in being in the field regularly (not a desk-only role)
  
• Bachelor’s degree in Finance, Real Estate, Business, or related field
  

Preferred Background

• Experience within an owner/operator, private equity, or institutional platform
  
• Exposure to portfolio buildout or platform scaling
  
• Experience with redevelopment, repositioning, or value-add strategies
  
• Familiarity with regional housing agencies (DC, Maryland, Georgia)
  

Why This Role

• Build something: Direct involvement in shaping the asset management platform from the ground up
  
• High visibility: Work closely with leadership and influence investment strategy
  
• Growth trajectory: Clear path to Director/VP-level leadership as the company scales
  
• Impact + performance: Combine strong financial returns with meaningful affordable housing impact