Affordable Housing Asset Specialist

Description

Job Title: Affordable Housing Asset Specialist

Reports To: Chief Administrative Officer 

FLSA Status: Exempt 

Department: Administrative

Position Summary

The Affordable Housing Asset Specialist is responsible for overseeing a portfolio of affordable housing properties to maximize financial performance, maintain regulatory compliance, preserve physical assets, and support long-term ownership objectives. This role serves as a liaison among property management teams, investors, regulatory agencies, and senior leadership while ensuring compliance with affordable housing programs including LIHTC, TCAC, HUD, and the San Diego Housing Commission.

Who We Are

Established in 1970, Serving Seniors helps San Diego County’s low-income seniors overcome poverty through whole-person, wraparound support including meals, housing, health and social services, and enrichment activities. We work at numerous sites across the county and in the homes of hundreds of homebound seniors. Our flagship Gary & Mary West Senior Wellness Center in downtown San Diego is unlike any other senior center in the nation. Bringing together a range of supportive services under one roof, the Senior Wellness Center operates 365 days a year and offers two floors of integrated care, including health and social services, housing navigation, enrichment activities, lifelong learning, a Cyber Café and linkage to over 25 onsite direct service partners, including a senior dental center. Last fiscal year, we provided over 1.5 million meals and coordinated services to over  13,265 older adults.

Our Mission: Helping seniors in poverty live healthy and fulfilling lives.

Our Vision: All seniors, regardless of income, are able to thrive, engage in their communities, lead purposeful lives, and have a place they call home.

Our Core Values:

Advocacy - Acknowledging and supporting the needs of older adults at the individual, community, and policy-level.

Person-Centered - Seeing the whole person, providing coordinated support, and treating all with dignity and respect.

Integrity – Representing the values of honesty, trust, and transparency within our community.

Compassion & Empathy – Approaching our work with a heartfelt desire to better understand and serve.

Impact – Measuring and evaluating programs to ensure that for every dollar invested, there is a positive impact in the lives of those we serve.

Intentional Involvement – Promoting an environment that nurtures differences and allows individuals to be their entire, authentic selves.

Top Workplace Award Recipient

Serving Seniors has received the San Diego Union-Tribune’s Top Workplaces Award nine out of the ten years the awards program has taken place, and most recently for six years in a row from 2019-2025.

Requirements

Key Responsibilities

Portfolio & Asset Management

• Monitor the operational, financial, and occupancy performance of a portfolio of affordable housing assets.
• Evaluate property performance against budgets, pro formas, and strategic objectives.
• Prepare and present monthly asset performance reports to senior leadership teams.
• Develop and maintain property profiles, asset records, and key portfolio documentation.

Compliance & Regulatory Oversight

• Ensure compliance with all applicable affordable housing regulations, policies, and program requirements, including: 
  • Low-Income Housing Tax Credits (LITEC)
  • California Tax Credit Allocation Committee (TCAC)
  • HUD programs
  • San Diego Housing Commission
• Serve as a resource on affordable housing compliance requirements and best practices.

Property Management Oversight

• Monitor property management companies’ performance, policies, and operational practices.
• Conduct regular site visits to evaluate property condition, operations, and compliance.
• Collaborate with management teams to maintain occupancy, resident satisfaction, and operational efficiency.

Financial Management & Reporting

• Analyze financial statements, budgets, forecasts, and performance metrics.
• Identify variances and recommend strategies to improve asset performance.
• Prepare financial analyses and reports for senior leadership.
• Support annual budgeting and long-term financial planning efforts.

Capital Planning & Development

• Collaborate with CAO and property management to d