• Job Description

  Req#: 5003042
  
  
  About Harris County Housing & Community Development:
  Harris County Housing & Community Development provides life-enhancing projects and programs to residents of Harris County.
  Our services include spurring community investment through the provision of homebuying programs, partnering with community members and housing developers to build diverse housing options that uplift communities and offer other assistance that support community building.
  
  
  Multi-Family Asset Manager Overview:
  The Harris County Housing Finance Corporation (established 1980), and its subsidiary Harris County Community Land Trust Management Corporation (established 2020) currently have an estimated 8,000 affordable multi-family units in its long-term portfolio and current private activity bond financing pipeline resulting from long-term 99-year ground-leases and ownership involving General Partnerships.
  
  
  This newly-created Asset Management position will be responsible for leading long-term compliance, monthly asset performance, including tracking project fees and the receipt of the same with accounting staff, and overall monitoring the actions of the general partners of assigned projects to ensure they fulfill the obligations under the partnership agreement. The position is supported by a strong multi-disciplinary team of professionals assigned to the HCHFC. The affordable rental housing portfolio includes a high percentage of projects with 4% low-income housing tax credits (LIHTC) and private activity bonds, 9% LIHTC projects, (all under Texas Department of Housing & Community Affairs (TDHCA) compliance and regulatory agreements), and workforce non-tax credit projects.
  Responsibilities include measuring project performance, risk management, preparing monthly board reports, conducting site visits, monitoring to ensure compliance within LIHTC guidelines, and year 15 re-syndications, capital structuring events.
  
  
  Duties and Responsibilities:
  The Multi-Family Asset Manager will be responsible for conducting asset management activities, including providing analysis, monitoring, compliance review, reporting, and detailed recommendations regarding assigned projects. The Multi-Family Asset Manager will have involvement across the entire project investment period.
  • Track and report on projects under construction/substantial rehabilitation and/or lease-up, comparing actual progress to projections.

  • Conduct desk reviews, annual site visits to evaluate property management, property marketability, management plan and physical condition of properties. Review monthly financials and rent/occupancy performance, review quarterly reporting, annual review of tenant files, and evaluate compliance with agreements, and TDHCA tax credit project compliance when applicable.

  • Review and approve annual operating budgets.

  • Analyze monthly/quarterly financials and year-end audited financials against pro-forma budget, closing model projections and comparable projects and research reason(s) for variances.

  • Monitor reserve levels, review requests for replacement and operating reserves and recommend approvals.

  • Receive all consent requests from general partners, including refinances, addition of debt, change in management company, perm loan conversions, etc. Advise and consult with executive leadership on recommendations.

  • Maintain accurate project documentation by entering and updating data in organization’s database.

  • Interact with individuals from state finance agencies, accounting firms, construction companies, lenders and development companies as warranted to ensure property performance is known and understood and general partner is meeting its obligations under the partnership agreement.

  • Work with management/owners to resolve compliance issues, promptly reporting on non- compliance, identifying related risks and recommending action plans to resolve.

  • Other duties as assigned

    • This Job Description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this position.

    • Management may, at its discretion, assign, or reassign duties and responsibilities to this job at any time.
  
  Harris County is an Equal Opportunity Employer
  https://hrrm.harriscountytx.gov/Pages/EqualEmploymentOpportunityPlan.aspx
  If you need special services or accommodations, please call (713) 274-5445 or email ADACoordinator@bmd.hctx.net
  
  This position is subject to a criminal history check. Only relevant convictions will be considered and, even when considered, may not automatically disqualify the candidate.
  Education:
  • Bachelor’s degree in Business, Accounting, Finance, Real Estate or related area
  Experience:
  • Four (4) to five (5) years of experience in affordable housing industry involving multi-family housing property management and/or asset management,

    compliance and financial performance, specifically involving LIHTC projects, and other local regulatory agreement compliance and reporting requirements involving non-tax credit projects

  • Proven track record of success in overseeing a portfolio of multifamily properties, assuring long-term compliance with regulatory and partnership agreements, assuring project operational performance remains at established optimal levels, tracking occupancy and monthly performance, financial performance, assuring reports are prepared, and projects monitored , and assuring all conformance with THDCA and LIHTC requirements occurs, managing risks through strategic planning, financial analysis, and property operations

  • Experience in establishing and maintaining effective working relationships with professionals such as: general partners, property managers, investors, bankers/lenders, and governmental officials

  • Previous experience in real estate development/management, construction, accounting, and/or financial analysis
  Knowledge, Skills, and Abilities:
  • Demonstrated completion of LIHTC training and other asset management oversight training

  • Demonstrated ability to communicate complex information to various audiences, verbally and in writing

  • Proficiency in Microsoft Office Suite (Word and Excel) and related real estate management databases
  Licensure:
  • Valid Driver's License (Texas upon hire)
  
  
  NOTE: Qualifying education, experience, knowledge, and skills must be documented on your job application. You may attach a resume to the application as supporting documentation but ONLY information stated on the application will be used for consideration. See Resume will not be accepted for qualifications .
  Position Type and Typical Hours of Work:
  • Full-time | Grant-funded

  • Monday - Friday 8:00AM - 5:00PM; weekends and evenings when required

  • Flexible/hybrid work schedule is available
  Work Environment:
  • The job is performed in a professional office environment

  • This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines
  Physical Demands:
  • Sedentary work - Exerting up to 20 pounds of force occasionally, and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects, including the human body.

  • Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met
  
  
  Employment may be contingent on passing a drug screen and meeting other standards.
  
  Due to a high volume of applications positions may close prior to the advertised closing date or at the discretion of the Hiring Department.

• About the company

  Office of Commissioner Tom S. Ramsey, P.E.

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