Asset Manager of Leasing and Compliance

Mission Economic Development Agency (MEDA) - Rooted in the Mission and focused on San Francisco, MEDA’s mission is to strengthen low- and moderate-income Latino families by promoting economic equity and social justice through asset building and community development.

MEDA is advancing strategies to create asset building opportunities for San Francisco’s Latino families and in the Mission District through: (1) our core, integrated Asset Building Programs related to housing, financial capability, workforce development, business development, and tax preparation; (2) serving as a backbone agency to advance educational achievement and family economic success through the Mission Promise Neighborhood 2-generation approach; (3) creating and preserving affordable housing and commercial real estate in the Mission District through Community Real Estate; (4) providing access to capital and innovative financial products through the Adelante Fund; and (5) Policy & Advocacy efforts that support our mission.

POSITION DESCRIPTION

MEDA is rapidly expanding our preservation of small apartment buildings in response to keeping families in the Mission district and surrounding neighborhoods in San Francisco. The Asset Manager Leasing and Compliance Monitoring will be responsible for the leasing and compliance of the affordable housing real estate portfolio for Mission Economic Development Agency as part of a growing and dedicated team. Reporting to the Sr. Asset Manager, the Asset Manager Leasing and Compliance Monitoring will be expected to be a critical member of the Asset Management team.

The ideal candidate will be passionate about building community value through the development of residential and commercial buildings in the face of intense development pressures. The candidate will be an intuitive problem solver who is meticulously detailed oriented, able to work independently, possesses superior communication skills, is technology savvy, has a strong sense of initiative, and delivers results. Activities and tasks range from leasing to regular monitoring and compliance.

Responsible for the monitoring and compliance of MEDA’s Small Sites Program. Work closely with the Sr. Asset Manager and the Associate Director of Asset Management to identify and implement long-term strategies to ensure that property management and asset managers comply with applicable rules and regulations, agreements, and operating procedures to meet organizational objectives for asset building, sustainability, community, and economic development.

Essential Job Functions

• Under the supervision of the Sr. Asset Manager, this position is responsible for the leasing and compliance of MEDA’s Small Sites Portfolio (SSP) as it relates to Compliance and Regulatory obligations, which may include some organizational operations processes.
• Develop standard operating procedures, compliance policies, and procedures to ensure compliance with program guidelines and local, Federal/State regulatory agreements.
• Respond to requests for information from Regulatory Agencies, lenders, and stakeholders.
• Represent MEDA before MOHCD, stakeholders, industry partners, and other organizations.
• Be the point of contact for subsidy referrals and the section 8 program.
• Assist in the preparation of annual reports.
• Participate in internal/external audits to confirm compliance with program requirements, including rent limits, income limits, other eligibility, and lease requirements.
• Carry out the annual rent increase process for the portfolio.
• Enter and maintain data in Salesforce.
• Maintain a high occupancy level.
• Marketing and leasing of available units in accordance with an approved marketing plan, resident selection criteria, MOHCD SSP guidelines, and Federal/State, local and regulatory requirements.
• Maintain waitlist in DAHLIA Housing Portal System in accordance with program guidelines and regulatory requirements.
• Conduct unit tours, show available units to prospective tenants, answer questions regarding the leasing of the available unit and secure the units after each showing.
• Ensure timely turnover of vacant units. Ensure units are turnkey and inspection ready.
• Responsible for carrying out the tenant screening process. Review and approve tenant applications, and execute the lease agreements.
• Maintain a schedule of initial and annual income certifications. Complete initial and annual recertifications according to the timeline.
• Support all Property Management needs related to leasing and compliance related matters.
• Research partnership agreements, financing documents, regulatory agreements, and other sources to determine ownership objectives.
• Coordinate and monitor annual local-mandated filings.
• Perform other assignments and duties as assigned.

Qualifications and job requirements

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below represent the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• High school diploma AND 4 years related housing experience, Associate degree with 2 years’ work experience in affordable housing or bachelor’s degree preferred.
• Certified Tax Credit Specialist (TCS) or Certified Occupancy Specialist (COS); or willing and able to obtain certifications within 90 days of employment.
• Strong working knowledge of Fair Housing law, HUD regulations, the Tax Credit Program, and the Section 8 Program.
• Experience in affordable housing and/or multi-family residential and commercial with non-profit and small business real estate finance preferred.
• Familiar with Salesforce and DAHLIA Housing Portal System, a plus.
• Ability to work within project teams.
• Proven ability to develop and maintain cooperative relationships with individuals from diverse backgrounds, including board members, public sector staff and officials, representatives of other nonprofit organizations, vendors, and people from low-income households.
• Commitment to green-building and sustainable policies and practices.
• Commitment to providing long-term affordable housing and organizing low-income people to stabilize communities and create social change.
• Well-developed verbal and written communication skills.
• Strong organizational skills and attention to detail.
• A high degree of independence, initiative, responsibility, and accountability, as well as capability in a team environment.
• Ability to anticipate needs, risks, and problems and to be proactive.
• Must be able to travel to community or resident locations throughout the city of San Francisco.
• Strong proficiency in using MS Office Word, Excel, Google Docs, Google+, Google Drive, and Dropbox is needed.
• Willingness and ability to attend occasional evening and weekend meetings and events.

Compensation: $75,000 - $80,000 per year, DOE; medical, dental, vision & retirement plan included.