Regional Manager, Affordable Housing

What You'll Actually Do

This role puts you over a portfolio of affordable housing communities across the Colorado Springs and Denver markets, reporting up through Asset Living's third-party management structure. The compliance side of affordable housing is front and center here. You'll monitor LIHTC application and annual recertification processes, conduct file reviews, run semi-annual physical inspections, and stay current with regulatory agencies. If you've managed affordable portfolios before, you already know that a single file error can create audit exposure that ripples back to ownership. That's the standard you're held to.

Beyond compliance, this is a full regional management role. You'll build and manage operating budgets, review monthly variances against budget, and push toward the highest achievable NOI through cost control and occupancy strategy. You'll also handle capex planning, oversee vendor contracts and work in progress at your sites, and ensure property closeout and ownership reporting land on time. On the personnel side, you'll hire, train, coach, and when necessary counsel or terminate site staff, with proper documentation and coordination with HR. Approving timesheets, signing off on salary requests for Community Managers, and keeping your teams running at a consistent standard all fall to you.

Leasing and marketing aren't an afterthought. You'll develop yearly marketing plans, evaluate leasing technique effectiveness at the site level, and implement resident retention programs. Affordable communities carry their own leasing dynamics, and you'll need to understand how income restrictions, waitlists, and recertification timelines affect occupancy strategy differently than a conventional portfolio.

What You Bring

• Hands-on experience managing LIHTC and/or Section 8 communities, including file reviews and regulatory reporting
• Demonstrated ability to oversee multiple sites simultaneously as an off-site regional leader
• Experience building and managing operating budgets with monthly variance analysis
• A track record of developing on-site staff through coaching, documentation, and consistent performance management
• Working knowledge of Fair Housing and EHO/Affirmative Fair Housing requirements
• Comfort with the administrative side: reporting accuracy, invoice coding, deposit reconciliation, and closeout processes

Context Worth Knowing

Asset Living is a large third-party management firm with an NMHC top-50 ranking and an AMO designation through IREM. Their affordable housing division sits alongside conventional multifamily, student, build-to-rent, and single-family rental operations, which matters for how this role connects to the broader organization. You're not operating in isolation. Decisions on staffing, capex, and budgets run through a Regional and Senior VP layer, and you'll coordinate regularly with HR and ownership reporting teams.

The Colorado Springs and Denver markets have seen significant affordable housing pressure in recent years, with tax credit developments becoming a more prominent part of the housing stock as rents have climbed across both metros. Strong regional managers in affordable housing tend to have an edge when they treat the compliance infrastructure with the same rigor they give to financial performance. The candidates who stand out at this level know how to read a T-12 and a regulatory agreement in the same sitting.