Asset Manager 03-26

Housing Authority of The City of Austin • Austin, TX

2d • $85,000 - $100,000 • Hybrid

About The Position

Established in 1937, the Housing Authority of the City of Austin (HACA) is a national leader in providing safe, healthy and affordable housing options for the Austin community. HACA's mission is to cultivate sustainable affordable housing communities and partnerships that inspire self-reliance, growth and optimism. The Austin Affordable Housing Corporation (AAHC) is looking for a dynamic and experienced Asset Manager – Acquisitions to oversee a growing portfolio of multifamily residential properties throughout the Austin metroplex. This position is responsible for driving asset performance, executing strategic business plans, and managing key relationships with joint venture partners and third-party property management companies. The Austin Affordable Housing Corporation (AAHC) is committed to providing safe, stable, and deeply affordable housing to Austin residents. We partner with third-party property management firms to operate a diverse portfolio of affordable housing communities across the city. Our mission is rooted in trust, equity, and long-term community impact. What you will do in this position:

Requirements

• Minimum of seven (7) years of experience in residential asset management, with a strong focus on affordable multifamily housing.
• Austin market experience required.
• Demonstrated expertise in financial modeling, leasing strategy, budgeting, forecasting, and investment analysis.
• Experience managing assets within joint ventures and working with third-party property management companies.
• Ability to interpret and apply real estate agreements, including leases, loan documents, and partnership agreements.
• Bachelor's degree required

Nice To Haves

• MBA or related graduate degree preferred
• Advanced proficiency in Microsoft Excel ; experience with RealPage, ResMan, and Yardi is a plus.
• Strong written and verbal communication skills, with the ability to clearly present strategies, recommendations, and decisions to internal and external stakeholders.
• Proven leadership experience, including managing teams and direct reports.
• Ability to prioritize multiple assignments and consistently meet deadlines in a fast-paced environment.

Responsibilities

• Portfolio & Financial Oversight Oversee the performance of affordable multifamily assets, including physical operations, leasing, and financial results.
• Review property financial statements, budgets, and forecasts to identify risks, opportunities, and performance trends.
• Track asset performance against budgets, pro formas, and market benchmarks.
• Develop and maintain financial models to project returns, distributions, and capital events.
• Monitor loan covenants and financing compliance.
• Strategic & Market Engagement Monitor multifamily and affordable housing market trends, submarket conditions, and competitive properties to inform asset strategies and positioning.
• Provide guidance on leasing and marketing strategies, including pricing, concessions, absorption goals, and branding initiatives.
• Capital Planning & Operations Maximize asset value through operational efficiencies and strategic capital planning.
• Conduct site visits to stabilized and transitioning properties to assess physical condition, operational performance, and on-site team effectiveness.
• Maintain availability outside of normal business hours to address urgent issues and support crisis management as needed.
• Stakeholder Communication & Reporting Collaborate closely with property management teams and joint venture ownership to ensure transparency, alignment, and accountability.
• Partner with joint venture asset management teams to deliver timely, accurate reporting and analysis.
• Promote a culture of innovation, collaboration, performance excellence, and customer service across internal and external partners.

Benefits

• Paid sick leave, annual leave, birthday leave & federal holidays
• 100% of employee health insurance premiums paid by the agency
• Supplemental health, dental, vision, and life insurance options for employees and family
• Employee Assistance Program
• Hybrid work schedule available

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level