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About the Role
New York State Homes and Community Renewal (HCR) is seeking a Senior Asset Manager to join the Housing Trust Fund Corporation (HTFC). This role is responsible for the asset management and compliance monitoring of the Agency's existing housing loan portfolio, ensuring properties are managed effectively and comply with all regulatory requirements.
Responsibilities
- Conduct on-site compliance audits and physical inspections for assigned properties.
- Interact with Owners and property managers regarding property operations and management.
- Implement and enforce Agency regulatory requirements for financial reporting, property use, lease analysis, and low-income unit set-asides.
- Develop recommendations to improve the long-term financial and physical health of assigned projects.
- Review financial and operating reports submitted by project owners.
- Prepare field reports, correspondence, and follow-up actions after site visits.
- Maintain Prolink/SHARS/Samis systems, including setting up compliance requirements and importing reports.
- Supervise, train, and mentor a team of asset managers.
- Investigate and determine compliance requirements for projects prior to 8609 issuance.
- Prepare project-specific income limit and rent charts.
- Evaluate and import financial data into project annual risk analyses.
- Work with project owners and managers to develop solutions and strategies for compliance and performance improvement.
- Instruct partners, agents, and staff on proper management practices.
- Perform ongoing project maintenance activities, including review of rent increases and reserve withdrawals.
- Supervise work assignments, field audits, and schedules of the assigned team.
- Assist in other functions of the Statewide Asset Management Unit.
Requirements
- Bachelor’s degree and 4 years of LIHTC compliance experience required.
- LIHTC Certifications required.
- 2 years minimum supervisory experience.
- Ability to establish effective working relationships.
- Excellent oral and written communication skills.
- Strong analytical and organizational skills.
- 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.
Skills
- LIHTC compliance
- Property compliance audits
- Physical inspections
- Financial reporting
- Lease analysis
- Risk analysis
- Supervision
- Training
- Mentoring
- Analytical skills
- Organizational skills
- Oral communication
- Written communication
Location
- Buffalo, NY
Work Type
- Hybrid
Experience Level
- Senior
- 2 years minimum supervisory experience
Education Level
- Bachelor's degree
- LIHTC Certifications
- Associate degree
- J.D.
- Master's degree
- Ph.D.
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 eligibility 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.
- The Housing Trust Fund Corporation (HTFC) is part of HCR.
- The Office of Housing Preservation manages HCR programs that maintain and enhance the state's portfolio of existing affordable housing.
- The Statewide Asset Management Unit is responsible for the asset management and compliance monitoring of the Agency's existing housing loan portfolio.
- 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 with a variety of public and private stakeholders.
- HCR seeks to provide a productive, flexible, accountable, ethical, and caring workplace environment.
Equal Opportunity
- New York State is an Equal Opportunity Employer (EOE)
- NYS Homes and Community Renewal (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 embraces a diverse and inclusive work environment by encouraging all individuals, including those with disabilities, to apply to open positions at the agency.