New York State Homes & Community Renewal · 19 hours ago
Asset Manager
New York, NY
Full-time
Onsite
Mid Level
3+ years expNew 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 Asset Manager will be responsible for the asset management and compliance monitoring of the Agency’s existing affordable housing portfolio, ensuring regulatory compliance and enhancing the financial health of assigned projects.
FinanceProperty ManagementReal Estate
Hiring Manager
Carmen Hendrickson, MBA
Responsibilities
Comprehensive compliance monitoring of a designated portfolio of projects in the Asset Management portfolio financed by the HTFC and/or DHCR including HTF, TKEY, HOME, LIHC and SLIHC for regulatory compliance, physical and financial status and habitability standards
Interact frequently with owners and property managers regarding the operation and management of the property; perform periodic site inspections and management evaluations as required by the project’s regulatory agreements and Agency’s policies
Implement and enforce the Agency’s regulatory requirements regarding financial reporting, property use restrictions, lease analysis and the low-income unit set aside requirements
Develop recommendations to enhance the long term financial and physical health of projects assigned to the Asset Manager
Review financial and operating reports submitted by project owners; upon request, submit periodic physical and financial status reports. Reviews project operations and record keeping for compliance with applicable laws and regulations
Prepare field reports, correspondence, and corresponding follow-up to site visits
Instruct managing general partners, managing agents and site staff on proper management practices for improving overall operation and compliance with applicable program requirements
Develop, implement and manage corrective action to resolve project non-compliance issues and enhance physical and financial performance of portfolio projects
Perform on-going project maintenance activities including review of rent increases, reserve withdrawals, insurance, leases and repair requests
Qualification
Required
Requires minimum of 3-5 years' experience in property management of affordable housing or closely related field, which may include real estate finance and/or accounting or business administration
Excellent analytical, organizational, problem-solving, computer & communication (oral & written) skills are essential
Proficiency in Microsoft Office (Word, Excel, and PowerPoint) are essential
Occasional overnight travel and a valid NYS driver's license are required
Physical capacity to perform unrestricted travel and conduct building, unit inspections and on-site regulatory compliance audits
Preferred
Bachelor's degree in real estate finance, accounting, or business administration
Certification and/or proficiency with HUD 4350 Requirements and Low-Income Housing Tax Credit Program Compliance
Company
New York State Homes & Community Renewal
Welcome to New York State Homes and Community Renewal (HCR)! New York State Homes and Community Renewal is your statewide housing resource.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Betsy Mallow
Executive Deputy Commissioner & COO
Jenna Pastor
Human Resources Business Partner
Recent News
Rochester Business Journal
2025-01-10
Rochester Business Journal
2024-11-24
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