Property Manager (LIHTC)

Job Description

Job Description

Property Manager (LIHTC / Affordable Housing Lease-Up)Position Summary

We are seeking an experienced Property Manager with a strong background in affordable housing and Low-Income Housing Tax Credit (LIHTC) programs to oversee the successful lease-up and ongoing operations of a new community. This role is ideal for a motivated professional who thrives in a fast-paced environment and is experienced in managing compliance requirements, resident file approvals, marketing initiatives, and occupancy growth from the ground up.

The Property Manager will play a key role in achieving stabilization goals while ensuring regulatory compliance, exceptional resident service, and operational excellence.

Essential Duties and Responsibilities

• Lead all aspects of the lease-up process for a new affordable housing community.
• Manage daily property operations, ensuring a high level of resident satisfaction and property performance.
• Oversee LIHTC and affordable housing compliance, including resident certifications, recertifications, income verifications, and file reviews.
• Ensure all resident files are complete, accurate, and compliant with applicable federal, state, and local housing regulations.
• Coordinate with compliance teams and monitoring agencies to secure timely file approvals.
• Develop and execute marketing and outreach strategies to drive leasing activity and achieve occupancy targets.
• Build relationships with community organizations, referral partners, and housing agencies to generate qualified applicant traffic.
• Conduct leasing activities, property tours, and applicant screenings in accordance with company and regulatory requirements.
• Monitor occupancy trends, leasing velocity, and market conditions, implementing strategies to support stabilization goals.
• Oversee rent collections, delinquency management, and resident relations.
• Coordinate maintenance operations to ensure the property is maintained in a safe, clean, and attractive condition.
• Prepare and manage operating budgets, financial reports, and property performance metrics.
• Supervise on-site staff and third-party vendors, fostering a collaborative and customer-focused culture.
• Ensure compliance with Fair Housing, LIHTC, and all applicable regulatory requirements.
• Perform regular property inspections and address operational issues proactively.

Qualifications

• Minimum of 3 years of property management experience, preferably within affordable housing and LIHTC communities.
• Previous experience managing a lease-up property strongly preferred.
• Strong knowledge of LIHTC regulations, compliance procedures, and affordable housing programs.
• Experience reviewing and approving resident qualification files.
• Proven track record of achieving occupancy and resident retention goals.
• Experience with property management software and Microsoft Office applications.
• High school diploma or equivalent required; Bachelor's degree preferred.

Desired Skills and Competencies

• In-depth understanding of affordable housing compliance and leasing regulations.
• Strong marketing, leasing, and resident retention skills.
• Excellent organizational and time management abilities.
• Ability to manage multiple priorities in a fast-paced lease-up environment.
• Strong analytical and financial management skills.
• Exceptional customer service and communication skills.
• Ability to lead teams and build positive relationships with residents, vendors, and community partners.
• Detail-oriented with strong problem-solving capabilities.

Physical Requirements

• Ability to walk the property regularly and conduct inspections.
• Ability to navigate stairs and various property locations.
• Ability to occasionally lift up to 25 pounds.

Work Environment

This position requires a combination of office administration, resident interaction, leasing activities, property inspections, and community outreach efforts. Occasional evening or weekend work may be required to support leasing events, resident functions, or operational needs.

Equal Opportunity Employer

We are committed to creating a diverse and inclusive workplace and encourage qualified candidates of all backgrounds to apply.

Ideal Candidate Profile

The successful candidate is a hands-on affordable housing professional who understands the complexities of LIHTC compliance and enjoys the challenge of bringing a new community from lease-up to stabilization. They are highly organized, compliance-focused, and capable of driving occupancy through effective marketing, outreach, and resident engagement strategies.