Job Description

Job Title: Affordable Housing Asset Specialist

Reports To: Chief Administrative Officer

FLSA Status: Exempt

Department: Administrative

The Affordable Housing Asset Specialist is responsible for overseeing a portfolio of affordable housing properties to maximize financial performance, maintain regulatory compliance, preserve physical assets, and support long-term ownership objectives. This role serves as a liaison among property management teams, investors, regulatory agencies, and senior leadership while ensuring compliance with affordable housing programs including LIHTC, TCAC, HUD, and the San Diego Housing Commission.

Who We Are

Established in 1970, Serving Seniors helps San Diego County’s low-income seniors overcome poverty through whole-person, wraparound support including meals, housing, health and social services, and enrichment activities. We work at numerous sites across the county and in the homes of hundreds of homebound seniors. Our flagship Gary & Mary West Senior Wellness Center in downtown San Diego is unlike any other senior center in the nation. Bringing together a range of supportive services under one roof, the Senior Wellness Center operates 365 days a year and offers two floors of integrated care, including health and social services, housing navigation, enrichment activities, lifelong learning, a Cyber Café and linkage to over 25 onsite direct service partners, including a senior dental center. Last fiscal year, we provided over 1.5 million meals and coordinated services to over 13,265 older adults.

Our Mission: Helping seniors in poverty live healthy and fulfilling lives.

Our Vision: All seniors, regardless of income, are able to thrive, engage in their communities, lead purposeful lives, and have a place they call home.

Our Core Values:

Advocacy - Acknowledging and supporting the needs of older adults at the individual, community, and policy-level.

Person-Centered - Seeing the whole person, providing coordinated support, and treating all with dignity and respect.

Integrity – Representing the values of honesty, trust, and transparency within our community.

Compassion & Empathy – Approaching our work with a heartfelt desire to better understand and serve.

Impact – Measuring and evaluating programs to ensure that for every dollar invested, there is a positive impact in the lives of those we serve.

Intentional Involvement – Promoting an environment that nurtures differences and allows individuals to be their entire, authentic selves.

Top Workplace Award Recipient

Serving Seniors has received the San Diego Union-Tribune’s Top Workplaces Award nine out of the ten years the awards program has taken place, and most recently for six years in a row from 2019-2025.

Requirements

Key Responsibilities

Portfolio & Asset Management

• Monitor the operational, financial, and occupancy performance of a portfolio of affordable housing assets.
• Evaluate property performance against budgets, pro formas, and strategic objectives.
• Prepare and present monthly asset performance reports to senior leadership teams.
• Develop and maintain property profiles, asset records, and key portfolio documentation.

Compliance & Regulatory Oversight

• Ensure compliance with all applicable affordable housing regulations, policies, and program requirements, including:
  • Low-Income Housing Tax Credits (LITEC)
  • California Tax Credit Allocation Committee (TCAC)
  • HUD programs
  • San Diego Housing Commission
• Serve as a resource on affordable housing compliance requirements and best practices.

Property Management Oversight

• Monitor property management companies’ performance, policies, and operational practices.
• Conduct regular site visits to evaluate property condition, operations, and compliance.
• Collaborate with management teams to maintain occupancy, resident satisfaction, and operational efficiency.

Financial Management & Reporting

• Analyze financial statements, budgets, forecasts, and performance metrics.
• Identify variances and recommend strategies to improve asset performance.
• Prepare financial analyses and reports for senior leadership.
• Support annual budgeting and long-term financial planning efforts.

Capital Planning & Development

• Collaborate with CAO and property management to develop and maintain life-cycle capital plans for each property.
• Monitor capital improvement projects to ensure they remain on schedule and within budget.
• Communicate capital plan variances and funding needs during annual budgeting processes.
• Support the long-term preservation and sustainability of affordable housing assets.

Ownership & Transaction Management

• Lead efforts to prepare eligible LIHTC properties for Year 15 ownership transitions and buyouts.
• Coordinate due diligence, documentation, and stakeholder communications related to ownership transactions.
• Manage buyout transactions through completion.

Qualifications

Education

• Bachelor’s degree in Real Estate, Finance, Business Administration, Accounting, or a related field preferred.

Experience

• Minimum 3-5 years of experience in affordable housing, multifamily asset management, property management, or a related field.
• Demonstrated experience with Low-Income Housing Tax Credit (LIHTC) properties and compliance requirements.
• Experience with HUD programs strongly preferred.
• Experience in financial analysis, forecasting, budgeting, and executive-level reporting.

Knowledge & Skills

• Strong knowledge of affordable housing programs.
• Understanding of real estate finance, asset management principles, and capital planning.
• Knowledge of Area Median Income (AMI) calculations and affordable housing income restrictions.
• Proficiency in Microsoft Excel and other property management or asset management software systems.
• Strong analytical, organizational, and data management skills.
• Ability to interpret regulations, financial reports, and legal documentation.
• Excellent verbal and written communication skills.

Preferred Competencies

• Strategic asset management and portfolio optimization.
• Regulatory compliance and risk management.
• Financial modeling and forecasting.
• Capital planning and project oversight.

Why our current employees enjoy working for us:

• We offer a comprehensive benefits package. Serving Seniors pays 100% of employees medical & dental coverage. (For employees who qualify for benefits)
• We offer paid holidays and paid time off to all employees
• We offer a floating holiday to all employees
• We offer up to a 3% match on 403(b) retirement plans, to all employees
• We’ve been voted a best place to work for over five years in San Diego
• We are a stable company with over 50 years of experience
• We have served thousands of older adults throughout San Diego County making a positive impact and providing a higher quality of life to these individuals

Pay : 72k - 78k salary DOE

This employer is an Equal Opportunity/Affirmative Action and E-Verify employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.