Asset and Development Project Manager at Housing Up – WASHINGTON, District of Columbia

Job Title: Asset and Development Project Manager

FLSA Status: Full-time, Exempt

Department: Operations

Reports To: Chief Executive Officer

Direct Reports: None

Housing Up builds thriving communities in Washington, DC by developing affordable housing and offering comprehensive support services to homeless and low-income families. We provide a range of housing options that include - permanent supportive housing, rapid re-housing and affordable housing with resident services. We are also a nonprofit affordable housing developer with more than 600 units of housing in our portfolio. We believe that people who have safe, affordable housing and genuine opportunities are empowered to transform their lives.

Founded in 1990, over the past 33+ years, our organization has grown from serving 14 families in one building in Northwest DC to serving more than 900 families throughout the city. Housing Up is now one of the city’s largest homeless services providers and is a critical partner in the District’s plan to end family homelessness. Housing Up is a Housing First organization and is proud to be a critical partner in Mayor Muriel Bowser’s plan to make homelessness “rare, brief, and nonrecurring”.

Position Summary

Under the supervision of and in close collaboration with the Chief Executive Officer, the Asset and Development Project Manager will play a critical role in Housing Up's real estate practice, focusing on asset management, development project oversight, financial analysis, compliance monitoring, and strategic portfolio management. This position serves as the primary liaison between Housing Up and property management companies, development partners, lenders, investors, and regulatory agencies.

The ideal candidate will bring both asset management expertise and development project coordination skills, with a strong understanding of affordable housing finance (including LIHTC and NMTC), property operations, and capital planning. This role is essential to ensuring Housing Up's properties remain financially stable, physically well-maintained, and in full regulatory compliance while supporting the organization's mission to provide high-quality housing and services.

Essential Functions

Asset Management

Portfolio Oversight & Property Management Coordination:

Serve as primary Housing Up contact for property management companies (currently Riverview Property Management and others)Review and analyze monthly property financial statements, rent rolls, occupancy reports, and operating budgetsMonitor property performance metrics including occupancy rates, rent collection, operating expenses, and net operating income (NOI)Conduct quarterly property inspections and site visits to assess physical condition, maintenance needs, and complianceCoordinate with property management to address tenant issues, lease-up challenges, and property operations

Financial Analysis & Reporting:

Prepare annual operating budgets for each property in collaboration with property managementAnalyze budget-to-actual variances and recommend corrective actionsCoordinate annual rent increases in compliance with regulatory restrictionsReview and approve capital improvement proposals, contractor bids, and scope of workDevelop and maintain 5-10 year capital replacement schedules and reserve studies for portfolio propertiesPrepare quarterly asset management reports for COO and annual reports for Board of DirectorsCoordinate annual property tax appeals and exemption applications

Regulatory Compliance & Reporting:

Ensure compliance with LIHTC (Low-Income Housing Tax Credit) requirements including tenant income certifications, rent restrictions, and annual reportingMonitor compliance with HUD, DC Department of Housing and Community Development (DHCD), and other regulatory agenciesCoordinate annual property inspections (REAC, LIHTC, local housing authority)Prepare and submit required reports to investors, lenders, and government agenciesMaintain property files including partnership agreements, regulatory agreements, loan documents, and compliance recordsTrack compliance deadlines and ensure timely submission of certifications and reports

Capital Planning & Improvements:

Develop annual capital improvement plans and budgets for each propertyReview and approve capital project proposals, including contractor selection and biddingOversee capital improvement projects from planning through completionEnsure capital projects are completed on time, within budget, and meet quality standardsCoordinate funding draws from replacement reserves and capital improvement loansMaintain capital project documentation including contracts, change orders, invoices, and completion certificates

Development Project Management

Pipeline Project Coordination:

Attend all meetings related to projects in the development pipelineCoordinate with development partners, architects, engineers, contractors, and consultantsManage third-party vendors including surveyors, environmental firms, appraisers, and legal counselTrack project timelines, budgets, and deliverables using project management toolsPrepare progress reports for CEO, Board, development partners, and fundersCoordinate predevelopment activities including site due diligence, feasibility analysis, and entitlement applications

Construction Oversight (for projects under construction):

Attend regular construction meetings and site visitsReview and approve contractor payment applications and change ordersMonitor construction progress, budget, and scheduleCoordinate punch list completion and final inspectionsEnsure compliance with construction contracts, plans, and specifications

Partnership & Stakeholder Coordination:

Serve as Housing Up liaison to development partners (e.g., Somerset Development, other co-developers)Attend partnership meetings and coordinate Housing Up's role in joint venturesFacilitate communication between development team, property management, and Housing Up program staffCoordinate lease-up planning and transition from construction to operations

Strategic Portfolio Management (10% of role)

Support CEO in evaluating new development opportunities and partnershipsConduct financial feasibility analysis for potential acquisitions or development projectsAssist with preparation of funding applications (LIHTC, grants, loans)Research affordable housing trends, financing programs, and best practicesContribute to strategic planning for Housing Up's real estate portfolioSupport refinancing or restructuring initiatives for existing properties

Required Qualifications

Bachelor’s degree in real estate development, urban planning, construction management, business administration, finance, or related fieldMinimum 5 years of direct experience in affordable housing development, asset management, property management, or project managementDemonstrated experience with affordable housing financing (LIHTC, tax-exempt bonds, government subsidy programs)Proven track record managing multiple projects or properties simultaneously

Technical Knowledge:

Real estate finance and affordable housing underwritingLIHTC program requirements and complianceProperty operations and financial analysisConstruction management principlesFederal, state, and local affordable housing programs (HUD, DHCD, etc.)Partnership structures (limited partnerships, LLCs)

Software Proficiency:

Advanced Microsoft Excel (financial modeling, data analysis, pivot tables)Microsoft Word and PowerPoint (reports, presentations)Property management software (Yardi, RealPage, or similar) - preferredProject management tools (Asana, Monday.com, MS Project, or similar) - preferredComfort learning new systems and databases

Preferred Qualifications

Asset management experience with affordable housing portfolio (strongly preferred)LIHTC compliance knowledge and experienceDevelopment experience from predevelopment through construction completionProperty management background or close collaboration with property management companiesWashington, DC market knowledge including local regulations, agencies, and affordable housing programsNonprofit development or public-private partnership experienceProfessional certifications such as: Certified Property Manager (CPM)Accredited Asset Management Specialist (AAMS)

Work Environment/Physical Effort

Valid driver's license, reliable vehicle, and proof of auto insurance (required for property site visits across DC)Ability to work occasional evenings and weekends for property events, construction meetings, or emergency issuesAbility to conduct site visits including walking properties, climbing stairs, and assessing physical conditionsAbility to travel to multiple property sites throughout Washington, DCAbility to conduct property inspections including walking developments, climbing stairs, and accessing roofs, basements, and mechanical areasAbility to sit for extended periods while conducting financial analysis and report writingAbility to lift and carry up to 25 pounds (files, laptops, materials)

Salary and Benefits

Salary $75,000-$95,000 (Depending on qualifications and experience)

Housing Up offers a competitive benefits package including health insurance, retirement plan with company match, paid vacation and sick leave, commuter benefits, summer Fridays, tuition assistance, new hire/referral bonuses, professional development budgets, and a work environment aimed at a healthy work-life balance.

Housing Up is an equal opportunity employer and considers all qualified applicants equally without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, or disability status.