Vice President, Affordable Housing

A Monday morning call lands on your calendar: a LIHTC property in your portfolio just received notice of an upcoming NSPIRE inspection, recertifications are running behind, and the site manager needs coaching before the auditors arrive. That's the kind of moment this role is built for.

What This Role Actually Covers

As Vice President of Affordable Housing Operations at Asset Living, you're the offsite operational leader for a portfolio that spans LIHTC, HUD, and other affordable regulatory programs. That means you're accountable for the full picture at every site: people, leasing performance, financial health, maintenance standards, and regulatory compliance. You're not reviewing reports from a distance. You're diagnosing problems early, coaching site staff through them, and making sure ownership clients get accurate, timely information.

On the financial side, you'll build and defend annual operating budgets, monitor NOI trends, flag expense variances, and bring capital improvement recommendations forward at the right time. You'll also keep a close eye on rent collections, deposit reconciliation, and property closeouts. Asset Living operates as a third-party fee management firm, so your ability to communicate proactively with clients and translate operational data into clear recommendations matters as much as your internal execution.

Leasing and compliance here aren't separate tracks. You'll make sure site staff understand how to lease within affordable program requirements, and you'll work directly with the compliance team to keep certifications and recertifications on schedule. NSPIRE preparation is part of your administrative oversight as well.

The People Side of the Job

A significant part of your time goes toward your teams. You'll hire, train, coach, and when necessary, counsel and separate staff using consistent, well-documented processes. You'll coordinate with HR and senior leadership on performance issues and compensation reviews, approve timesheets, and actively work to build site cultures where people perform well and stay. Affordable housing communities often carry higher operational complexity than conventional properties, and the staff on the ground feel that weight daily. Your job is to make sure they're equipped to handle it.

• Proven experience overseeing affordable housing portfolios with LIHTC and HUD programs
• Strong grasp of compliance requirements including certifications, recertifications, and NSPIRE standards
• Demonstrated ability to develop budgets, analyze financials, and drive NOI improvement
• Experience managing and developing on-site teams across multiple locations
• Effective communicator with ownership clients and internal leadership
• Fair housing knowledge and consistent application of company policies

What separates strong candidates from average ones in a VP-level affordable housing role is usually this: the ability to hold compliance rigor and people leadership in equal regard at the same time. Properties that run well under regulatory scrutiny almost always have a VP who treats staff development as seriously as they treat file audits. If you've built that balance across a multi-site portfolio, this role will fit how you already work.

Asset Living is one of the larger third-party management firms in the country, ranked in the NMHC top 50 and recognized as an Accredited Management Organization through IREM. The Atlanta base puts you close to a significant concentration of affordable housing development activity in the Southeast, where LIHTC pipelines have remained active even as other housing sectors have slowed.