Affordable Housing Asset Manager - Mountain Housing Opportunities
Position Announcement: Affordable Housing Asset Manager
Mountain Housing Opportunities
Always in the forefront of affordable housing innovation, Mountain Housing Opportunities offers a new opportunity to their thriving and growing nonprofit – an Affordable Housing Asset Manager.
Do you have a heart to improve housing conditions by eliminating threats to life, health, and safety? Do you have a passion for serving low-income elderly, veterans, disabled, single-parent, and large family households in Asheville and Western North Carolina?
Do you value diversity, equity, and inclusion and can you demonstrate this professionally and personally? Are you the new Affordable Housing Asset Manager at Mountain Housing Opportunities (MHO)?
MHO continues to expand and improve its services to meet the critical needs of the residents of Asheville and Buncombe and surrounding counties. MHO knows that more than 20,000 households in Western NC struggle to afford a safe, attractive home in a good neighborhood, and that more than 45% of people of color face housing insecurity.
MHO serves more than 2,000 households each year and builds an average of more than 80 new homes annually. Now, MHO seeks an Asset Manager to join a dedicated team and help achieve the organization’s strategic vision.
What will you do as MHO’s Affordable Housing Asset Manager?
MHO’s asset management team is responsible for the long-term ownership interest in a strong portfolio of affordable apartment communities and commercial developments. The portfolio includes 29 residential properties with 1,346 units, a 9,060 square-foot commercial property, and ownership interest in three mixed-use condominium associations.
The Affordable Housing Asset Manager will be accountable for the active and strategic pursuit of the long-term goals and objectives of a portfolio of specific properties. The goals are focus on mission impact, financial and physical sustainability, and maintaining positive relationships with property funders and regulatory agencies. The Affordable Housing Asset Manager reports to the Director of Asset Management.
Specific performance accountabilities include, but are not limited to the following:
- Oversee a portfolio of 18 to 20 residential and commercial assets, ensuring the highest performance of each asset against strategic goals.
- Provide analysis and strategy for new developments, acquisitions, and rehabilitations, helping MHO make strategic and informed decisions on opportunities
- Ensure long-term sustainability of new developments, acquisitions, and rehabilitation projects through informed contributions to project planning.
- Monitor ongoing physical property conditions and performance against established benchmarks, operating trends, market forces and initial projections.
- Identify and positively resolve problems related to watch list properties.
- Monitor, analyze, and report on audited financial statements, current and historical financial performance, and program compliance, completing reports as required.
- Conduct periodic market research to maintain an understanding of rental market in each location.
- Develop and implement multiyear capital improvement plans in cooperation with third-party management company.
- Ongoing analysis of property financing, suggesting debt restructuring, repositioning, partner exits, etc. when appropriate.
- Monitor quality of third-party property management through review of performance against property management contracts and management plans, property financial reports, regulatory compliance, and resident satisfaction surveys.
Mountain Housing Opportunities (MHO) is a nonprofit housing and community development organization serving principally Asheville, Buncombe County, and other areas of western North Carolina. Our mission is to build and improve homes, neighborhoods, communities, and lives, and to build hope and dignity in the people we serve. We believe that if you work in this community, you should be able to live here in a safe, attractive affordable home in a good neighborhood, and when you retire or if you become disabled, this should still be true.
MHO produces over $15 million each year in affordable and workforce housing development, apartment leasing and management, home lending, housing preservation in the form of Emergency Home Repairs for low-income homeowners, and neighborhood revitalization. Since our founding in 1988, MHO has helped over 7,000 households and now serves more than 2,000 people each year in our combined programs.
The foundation of MHO’s core values is diversity, equity, and inclusion. MHO’s commitment to this foundation is unwavering, across all of our work. These principles are central to our mission and to our impact. We know that having varied perspectives helps generate better ideas to solve the complex housing problems of a changing and increasingly diverse world. With that and with leadership support from the NeighborWorks of America, a national network of housing and community development organizations, MHO is working to build on our positive record of diversity, equity, and inclusion by incorporating DEI principles and practices in all areas of MHO operations, programs, hiring and human resources, training, promotions, contracting, management, and governance. MHO looks forward to a new team member who can join this continued effort.
Want to know more? Visit MHO’s website at www.mtnhousing.org.
Key lived experiences, attributes, and skill sets sought in the Affordable Housing Asset Manager
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