Job Information
Bellingham & Whatcom County Housing Authorities Asset Manager in Bellingham, Washington
ABOUT THE BELLINGHAM HOUSING AUTHORITY:
The Bellingham Housing Authority (BHA), an independent municipal organization, is a high performing leader in affordable housing. BHA offers opportunities for people to thrive by ensuring access to quality, affordable homes. Our vision is that every person has the opportunity to live in a safe, secure, affordable home.
We are recruiting for an experienced and service focused Asset Manager. This is an excellent opportunity for someone who thrives in a fast-paced environment and is committed to the highest standards in public service.
JOB SUMMARY:
This position is responsible for the strategic oversight and effective administration of BWCHA's Low-Income Housing Tax Credit (LIHTC) portfolio. Success in this position requires ensuring full program compliance, safeguarding the physical and financial integrity of each property, and maintaining a strong understanding of community dynamics and resident needs.
In addition to portfolio management, this position provides support to the Maintenance, Development and Executive Departments. Responsibilities include oversight of third-party property management company(s), representing BWCHA at community meetings, coordinating monitoring and compliance reviews, contributing to strategic planning efforts, and evaluating opportunities for program growth and expansion.
ESSENTIAL JOB FUNCTIONS:
- Oversees the third-party property management of BWCHA's LIHTC portfolio.
- Develops, manages and monitors operating budgets for the LIHTC portfolio and uses information to inform spending and project planning
- Supervises and provides front line support to LIHTC Property Management Staff, including recruiting/selection, training, performance reviews, organizational development, and employee relations.
- Supervises and oversees proper program administration (including eligibility, leasing, property management and unit inspections), assuring compliance with program requirements.
- Develops and implements short-term and long-term plans and strategies to maintain effective and efficient program operations.
- Develops and implements written operational policies, procedures, and materials in compliance with changing Federal, State, and local regulations.
- Performs general office management for the LIHTC team, including conducting department meetings, scheduling staff, and approving purchases.
- Acts as a hearing officer in the resolution of claims made by applicants and participants.
- Serves as a key relationship manager with LIHTC partners.
- Prepares and submits investor/funder reporting, including but not limited to monthly financial and occupancy reports, annual WBARS reporting, responding to annual report, NSPIRE and other audit/review findings.
- Monitors non-federal management agreements, tenant selection plans, leases and other related documents to ensure compliance.
- Receives, processes, and analyzes financial statements and other information on a monthly basis to identify trends, project program performance, identify emerging asset or portfolio issues and ensure budget compliance.
- Works to create partnerships in support of BWCHA initiatives including support services, tenant retention and other partnership to ensure resident success.
- Collaborates with other departments including maintenance, development and accounting to ensure property performance.
- Acts as a liaison with clients, community partners, public officials and others representing BWCHA in various venues building relationships, partnerships, furthering BWCHA's mission.
- Participates in strategic planning related to capital needs, staffing, utilization and resident programming.
OTHER JOB FUNCTIONS: &nb