Affordable Property Manager (Multi-Site – LIHTC, HUD & PSH) at Meritus Property Group – Portland, Oregon

Meritus is comprised of a committed team of commercial and multi-family management professionals that take great pride in being stewards of the built environment, operating assets efficiently, and providing an outstanding tenant experience.

The Affordable Property Manager is responsible for the day-to-day operations, financial performance, compliance, and resident experience across a portfolio of affordable housing communities. This is a multi-site role supporting LIHTC, HUD, and Permanent Supportive Housing (PSH) programs.

This position requires a strong working knowledge of affordable housing compliance, financial management, and resident-centered operations. The ideal candidate is highly organized, detail-oriented, and comfortable managing multiple properties, deadlines, and regulatory requirements simultaneously.

• Complete and oversee initial certifications, annual recertifications, and interim income certifications for LIHTC, HUD, and PSH programs
• Maintain accurate, audit-ready resident files in compliance with IRS Section 42, HUD, and applicable state and local regulations
• Manage and maintain a 120/90/60-day notice tracking system to ensure timely recertifications, lease renewals, and regulatory notices
• Prepare properties for agency reviews, investor audits, MORs, and other compliance inspections
• Ensure consistent Fair Housing compliance and adherence to landlord-tenant laws

• Prepare annual operating budgets in collaboration with ownership and leadership
• Create monthly budget variance narratives, identifying trends, risks, and recommended corrective actions
• Code and approve invoices accurately and timely in accordance with budget and internal controls
• Monitor property financial performance, accounts receivable, and expense controls across the portfolio
• Support rent collection efforts and resident repayment plans as needed

• Oversee daily operations across multiple affordable housing sites to ensure consistency with company policies and regulatory requirements
• Support on-site teams with operational guidance, compliance oversight, and problem-solving
• Coordinate with maintenance teams and vendors to ensure timely unit turns, repairs, and capital needs
• Conduct site visits and inspections to ensure properties meet physical, safety, and presentation standards

• Support leasing activities including application processing, income verification, and eligibility determinations
• Monitor occupancy, waitlists, and leasing activity across the portfolio
• Ensure resident communications, notices, and enforcement actions are handled professionally and consistently
• Promote a resident-centered approach while maintaining program integrity, particularly within PSH communities

• Prepare and submit required operational, financial, and compliance reports
• Communicate regularly with leadership regarding property performance, risks, and opportunities
• Maintain organized documentation and reporting systems across all assigned sites

Required

• 2+ years of experience in affordable housing property management
• Hands-on experience with LIHTC compliance, including income certifications and recertifications
• Working knowledge of HUD and/or PSH programs
• Experience preparing annual budgets and monthly budget variance narratives
• Experience coding and approving invoices
• Strong organizational skills and ability to manage multiple properties and deadlines
• Proficiency with Yardi or similar property management software
• Excellent written and verbal communication skills

Preferred

• Experience managing multi-site affordable portfolios
• Familiarity with state housing agencies, investor reporting, and audit processes
• Industry certifications (ARM, CAM, HCCP, COS, or equivalent)
• Experience working in resident-centered or supportive housing environments

• Combination of office and on-site property work
• Regular travel between assigned properties
• Valid driver’s license and reliable transportation required

This role offers the opportunity to manage a diverse affordable housing portfolio, contribute directly to housing stability for vulnerable populations, and play a key role in financial and compliance performance across multiple communities.