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About the Role

The Asset Management Unit is responsible for the asset management and compliance monitoring of the Agency’s existing affordable housing portfolio, financed under various loan and subsidy programs.

Responsibilities

• Conduct comprehensive compliance monitoring of a designated portfolio of projects for regulatory compliance, physical and financial status, and habitability standards.
• Perform on-site file reviews and physical inspections of various project types.
• Interact with Owners and property managers regarding property operations and management, conducting site inspections and evaluations.
• Implement and enforce Agency’s regulatory requirements for financial reporting, property use restrictions, lease analysis, and low-income unit set-aside requirements.
• Develop recommendations to enhance the long-term financial and physical health of assigned projects.
• Review financial and operating reports submitted by project owners and submit periodic Physical and Financial Status reports.
• Prepare field reports, correspondence, and follow-up actions after site visits.
• Instruct managing general partners, agents, and staff on proper management practices for compliance.
• Develop, implement, and manage corrective actions for project non-compliance issues.
• Perform ongoing project maintenance activities, including review of rent increases, reserve withdrawals, insurance, leases, and repair requests.

Requirements

• Requires a minimum of 2 years’ experience in property management of affordable housing or a closely related field.
• Excellent analytical, organizational, problem-solving, computer, and communication skills are essential.
• Proficiency in Microsoft Office (Word, Excel, and PowerPoint) is essential.
• Occasional overnight travel is required.
• A valid NYS driver’s license is required.
• Physical capacity to perform unrestricted travel and conduct building, unit inspections, and on-site regulatory compliance audits.

Skills

• Real estate finance
• Accounting
• Business administration
• HUD 4350 Requirements
• Low-Income Housing Tax Credit Program Compliance
• Microsoft Office (Word, Excel, and PowerPoint)

Location

• Syracuse, NY

Work Type

• Hybrid

Experience Level

• 2 years

Education Level

• Bachelor’s degree in real estate finance, accounting, or business administration, preferred
• Four years of specialized experience or associate degree and two years of specialized experience may substitute for bachelor’s degree
• J.D. or master’s degree may substitute for one year of specialized experience
• Ph.D. may substitute for two years of specialized experience

Benefits

• Participation in New York State’s Health Insurance Program
• Participation in New York State & Local Employees’ Retirement System
• Promotional opportunities
• 37.5-hour work week
• Opportunity for compressed scheduling
• Paid time off benefits (vacation, sick, personal days, and federal holidays)
• 12 weeks of Paid Parental Leave
• Paid Family Leave
• Potential qualification for Federal Public Service Loan Forgiveness Program (PSLF)

About the Company

• New York State Homes and Community Renewal (HCR) is the State’s affordable housing agency, with a mission to build, preserve, and protect affordable housing and increase homeownership throughout New York State.
• HCR is committed to fostering a culture of diversity, equity, inclusion, and accessibility.
• HCR is committed to developing a workforce that represents the diverse population of New York State.
• HCR has offices in New York City, Albany, Buffalo, and Syracuse.
• HCR's mission encompasses single and multifamily housing finance, home improvement, rent regulation, housing subsidies, and community development.
• HCR partners regularly with a variety of public and private stakeholders.
• HCR seeks to provide a workplace environment that is productive, flexible, accountable, ethical, and caring.
• Employees are empowered to make a difference where they live and work.

Equal Opportunity

• New York State is an Equal Opportunity Employer (EOE)