Associate Asset Manager (Foster City)

MidPen Housing has been developing and managing affordable housing across Northern California since 1970. Their portfolio spans more than 130 properties and houses roughly 20,000 residents, including working families, seniors, and people with special needs. The Associate Asset Manager, Real Estate Transactions sits inside that operation at the corporate level in Foster City, focused specifically on capital transactions within the stabilized portfolio.

What You'll Actually Do

This role lives at the intersection of finance, project coordination, and compliance. On a given week, you might be tracking a loan modification through internal approvals, pulling together a funding application in response to a NOFA, and monitoring draw schedules on an active rehab. The work isn't glamorous. It's detailed, document-heavy, and requires you to stay organized across multiple projects that each move at their own pace.

Property rehab work means managing budgets and schedules, coordinating scope decisions with internal teams, and tracking warranties and O&M materials after construction wraps. On the financing side, you'll support refinancings and loan modifications from research through close, assist with due diligence on 15-year investor limited partner buyouts, and make sure grant and loan draws go out on time. You'll also monitor RFPs and NOFAs to spot funding opportunities that could support capital needs across the portfolio.

Communication is a bigger part of the job than it might look on paper. You'll coordinate with lenders, investors, internal departments, and residents or staff when a project affects occupied properties. Keeping everyone informed without letting things slip through requires real follow-through.

What You Bring

• Bachelor's degree in Finance, Economics, Urban Planning, Community Development, or a related field, plus at least two years in affordable housing development or asset management (or an equivalent combination)
• Solid Excel skills and comfort building or working through financial feasibility analyses
• Experience preparing narrative reports and strategic documents for internal or external audiences
• Strong project management habits: you track your own deadlines, flag issues early, and don't need to be reminded twice
• Valid California driver's license with reliable transportation and current auto insurance
• Genuine alignment with MidPen's mission around affordable housing and community stability

A Few Things Worth Knowing

This is a hybrid role. You're expected in the Foster City office Tuesdays through Thursdays. The pay range is $85,000 to $95,000 annually, depending on experience, and MidPen's benefits package includes health, dental, vision, life and disability insurance, a 403(b) retirement plan, paid parental leave, employee education reimbursement, FSA options, an EAP, and pet insurance.

What separates strong candidates here is less about credentials and more about working style. Affordable housing transactions involve a lot of moving parts across agencies, investors, lenders, and internal teams, often with tight timelines tied to funding cycles. People who do well in this kind of role tend to be genuinely comfortable in ambiguity, good at tracking details across long project timelines, and willing to do the unglamorous documentation work that keeps transactions from falling apart at the finish line. If you've worked in LIHTC development, affordable housing asset management, or community development finance, that experience will translate directly.