Regional Manager, Affordable Housing

Regional management in affordable housing is a different discipline than conventional multifamily, and most people who've done both will tell you that clearly. The compliance layer alone, LIHTC recertification cycles, Section 8 administration, regulatory agency relationships, fair housing documentation, changes the operational calculus at every level. Asset Living, one of the larger third-party management firms in the country and a consistent presence on the NMHC top 50 list, is adding a Regional Manager to oversee affordable housing communities across their Texas portfolio, with positions tied to Austin, Houston, and San Antonio.

The scope here is full-cycle regional oversight. You're responsible for NOI performance, personnel development, compliance adherence, and capital planning across a portfolio of affordable communities. That means building yearly operating budgets, evaluating income and expense variances monthly, and flagging capex needs before they become deferred maintenance problems. On the compliance side, you'll monitor LIHTC application processes and annual recertifications, ensure Section 8 policies are applied consistently, conduct file reviews and physical inspections, and maintain working relationships with regulatory agencies. That last piece, the agency relationship management, is often where regional managers either build credibility or lose it quickly.

The personnel piece is substantial. You'll carry responsibility for hiring, coaching, counseling, and when necessary terminating on-site staff. Salary review and approval flow through this role, as do timesheets, performance documentation, and compliance with company training standards. Effective regional managers in affordable housing know that strong community managers are the real multiplier for portfolio performance. Developing those people is where most of the compounding happens.

What strong candidates bring to this role

• Hands-on experience with LIHTC compliance, including annual recertification processes and file audits
• Familiarity with Section 8 / HUD program requirements and regulatory reporting
• A track record managing on-site teams across multiple properties simultaneously
• Financial fluency: budget development, variance analysis, and NOI management
• Experience conducting physical inspections and coordinating with regulatory agencies directly
• Comfort operating as an offsite leader who holds teams accountable without micromanaging

Texas is worth noting here. Austin, Houston, and San Antonio each have active affordable housing pipelines driven by state and local funding, which means properties in this portfolio may include newer lease-up assets alongside stabilized communities. Regional managers who understand how compliance obligations shift during a lease-up phase, when LIHTC files are being established for the first time, versus a stabilized property in recertification mode, will be ahead of the curve.

Career trajectory from this role typically points toward Senior Regional Manager, Vice President of Operations, or a compliance-focused director role if that's where your interest deepens. The skills you build here, regulatory fluency, multi-site personnel management, affordable-specific financial oversight, are genuinely transferable and increasingly in demand as affordable housing development continues to expand across major metros. Operators who know this space well are not easy to find, and that scarcity has real career value.