Armstrong McGuire
Director of Asset Management - Mountain Housing Opportunities (Hybrid Position)
Asheville, NC - Full Time
Ask Yourself
Are you passionate about improving homes, neighborhoods, communities, and lives?Do you have a proven track record of managing a portfolio of real estate-based assets?
Are you ready to leverage your skills to bring more affordable housing to Western North Carolina?
Why?
Mountain Housing Opportunities (MHO) seeks its next Director of Asset Management.
MHO produces over $10 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 6,000 households and now serves over 2,000 people each year in our combined programs. See www.mtnhousing.org.
MHO is working to build on our positive record of Racial Equity, Diversity, and Inclusion (REDI) by incorporating REDI principles and practices in all areas of MHO operations, programs, hiring and human resources, training, promotions, contracting, management, and governance.
What will you do as MHO's next Director of Asset Management?
The Director of Asset Management oversees the long-term stewardship and performance of MHO’s affordable housing portfolio. This senior leadership position requires a comprehensive understanding of affordable housing management, strong leadership skills, and the ability to balance financial performance with mission-driven outcomes.
- Developing and executing a comprehensive annual line of business operating plan
- Directing and supervising an asset management team with clear role assignments
- Fostering collaboration across departments (real estate development, resident services, fundraising, and accounting) and with external stakeholders (property management, investors, lenders, and government agencies)
- Providing strategic recommendations to senior leadership on portfolio management
- Identifying opportunities to improve portfolio performance and implement new initiatives, specifically a Resident Services Program
- Analyzing financial statements and real estate proformas to ensure properties meet or exceed financial performance targets
- Managing the portfolio debt schedule for refinancing coordination and preparing and submitting property tax exemption applications
- Identifying opportunities to improve portfolio performance and implement new initiatives
- Managing refinancing, rehabilitation, and disposition of properties as needed
- Work with property management to address urgent resident concerns that pose an immediate threat to health, safety and wellbeing including natural disasters
- Work with property management to ensure resident well-being and safety while monitoring property operations, occupancy, and physical conditions
- Ensure compliance with all applicable affordable housing regulations and funding requirements
- Oversee preparation of regular financial and monitoring reports on portfolio performance
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.
Key lived experiences attributes, and skillsets sought in a Director of Asset Management
- Bachelor's degree in Business, Finance, Real Estate, or related field; MBA or related education preferred
- 7-10 years of progressive experience in affordable housing asset management or equivalent experience
- Proven track record of successfully managing a portfolio of real estate-based assets
- Strong knowledge of affordable housing programs (LIHTC, HOME, Section 8, etc.)
- Excellent financial analysis and modeling skills
- Experience managing teams and developing staff
- Excellent communication and relationship-building skills
Additional Requirements
- Proficiency in relevant software applications (e.g., property management systems, financial modeling tools, Microsoft Office, or Google Workspace)
- Willingness to travel as needed to visit properties and attend industry events
Preferred
- Certified Housing Asset Manager (CHAM), Certified Property Manager (CPM), or related professional certification
- Experience with green/sustainable building practices
- Knowledge of resident services and supportive housing models
Think you are MHO's next Director of Asset Management?
To apply, click on the link to the MHO – Director of Asset Management position profile at ArmstrongMcGuire.com/jobs. You will see instructions for uploading your compelling cover letter, resume, salary requirements, and professional references. Please provide all requested information to be considered.
In case of any technical problems, contact [email protected]. No phone calls, please, and no applications will be accepted by email or directly from third-party posting sites.
It is the policy of MHO to provide equal opportunities without regard to race, color, religion, national origin, gender, gender identity, sexual preference, age, or disability. People of color and people of all national origins, genders, gender identities, sexual preferences, ages, disabilities, and other diverse groups are encouraged to apply.
