Regional Manager, Affordable Housing

Affordable housing portfolios demand a different operating discipline than conventional multifamily. Compliance calendars, regulatory agency relationships, LIHTC certification timelines, and HUD reporting layers sit on top of the same NOI pressure every regional manager faces. Asset Living, a nationally recognized third-party management firm with an NMHC top 50 ranking and AMO accreditation, is adding a Regional Manager to oversee an affordable housing portfolio spanning communities in Issaquah, Puyallup, Tacoma, and Vancouver, Washington.

What the Role Actually Covers

This is a full-scope regional position. You own financial performance, personnel, leasing, maintenance oversight, and compliance across your portfolio. On the affordable side, that means keeping LIHTC application and annual recertification processes on track, conducting file reviews, managing regulatory agency interactions, and ensuring Section 8 and Equal Housing Opportunity procedures are followed without gaps. Semi-annual physical inspections are part of the calendar, not an exception to it.

Financially, you're building yearly operating budgets, tracking NOI performance against those budgets, writing monthly variance explanations when income or expense lines drift, and flagging capex needs before they become deferred maintenance problems. You'll review and approve vendor invoices, monitor large project contracts, and make sure property closeout and ownership reporting hit deadlines accurately.

On the people side, you screen, hire, coach, and when necessary, counsel out underperforming site staff. You approve timesheets, process salary increase requests, and coordinate with HR on documentation. Your community managers need a regional who gives them clear direction and consistent standards, not one who shows up only when something breaks.

Leasing responsibility includes developing annual marketing plans, evaluating staff closing rates and follow-up procedures, and building resident retention programs that reduce turnover. In affordable housing, concessions are limited by program rules, so your leasing strategy relies more on traffic quality, application processing speed, and occupancy management than on pricing flexibility.

Who Fits This Role Well

• Direct experience with LIHTC compliance, including file audits and recertification cycles
• Familiarity with Section 8 / HCV program requirements and regulatory reporting
• Proven track record managing on-site teams across multiple properties simultaneously
• Ability to read a T-12, build an operating budget, and explain variances in writing to ownership
• Working knowledge of fair housing law with the discipline to keep site staff consistently compliant
• Experience conducting or overseeing physical inspections with an eye toward both compliance and capex planning

The candidates who stand out in affordable housing regional roles aren't just strong operators. They understand that a failed file review or a missed recertification deadline can trigger regulatory consequences that no amount of good occupancy numbers can offset. The compliance layer here is real, and it runs parallel to every financial and leasing metric you're also accountable for. If you've managed that dual responsibility before, this role will feel familiar.