Affordable housing laid the foundation of Related Companies and we continue to place a high priority on developing, acquiring and preserving housing for this sector.
Over 60% of our 50,000 residential apartment homes under our management are part of one or more affordable housing programs, and an additional 20% of these homes provide workforce housing.
In the area of acquisitions and refinancing, we pursue properties that meet one of the following criteria: Section 8 properties with project-based contracts
Section 236 properties in need of rehabilitationSection 42 LIHTC properties with expiring low-income restrictionsSection 515 FmHA properties with loans that can be prepaidOther assisted properties, including HODAG, HOME, federal or state-financed public housing.
Many of the buildings we encounter are in need of substantial upgrading and preservation in order to continue to properly fulfill the needs of their tenants.
Given our 45 years of experience in debt and equity financing \u2013 as well as our extensive management of government-assisted properties \u2013 we are well positioned to buy out existing owners who lack the resources and experience to recapitalize and, therefore, wish to exit the affordable housing arena
Your role with the company:
This Property Manager is responsible for the overall day-to-day operations of a affordable housing community. The Property Manager is responsible for overall day-to-day operations of one or several properties including the supervision of office and maintenance functions in compliance with all company policies and procedures and all applicable Equal Employment Opportunity, Fair Housing and Human Rights statutes, as well as ensuring each property compliance with all and any applicable program regulations.
Supervise accounts payable/receivable.
Understanding of Operating Statements and Financial Budgets is a must.
Supervise all marketing, leasing and administrative functions for LIHTC and Project Based Section 8 property.
Hire, train and evaluates all office/maintenance staff.
Supervise site specific program administration, ensure compliance with each applicable agency (HDC, HCR, HUD, etc)
Superviss day-to-day maintenance operations.
Financial analysis and reporting.
Develop property budget.
Special projects as assigned.
Benefits and features:
Incentive bonus program
Training and development programs
Benefits including: Medical, Dental, Life & Disability, Paid Time Off, 401(K), Flexible Spending Accounts
Employee Recognition & Wellness Programs.
Two years supervisory skills.
Strong leadership, organizational, administrative skills.
Must be able to prioritize, handle multiple tasks and meet deadlines.
Working knowledge of Microsoft Office.
Strong financial skills.
Good problem solving skills.
Knowledge of Rent stabilization regulations, Section 8 vouchers, LIHTC, Project Based Section 8, Recertification and income calculation process.
Related is an Equal Opportunity Employer
Website : http://www.related.com
When pursuing real estate developments, acquisitions, finance and management, our creativity and commitment to excellence is unmatched in the industry.To always be the premier global real estate company by developing, owning, operating and financing superior developments in each of our market segments, thereby maximizing the benefits for our owners, partners, customers, communities and employees. To create a legacy of positive social, economic and physical impacts for all stakeholders. To sustain and enhance our already pre-eminent reputation within the industry. To offer a challenging and dynamic work environment for our employees. To be at the forefront of developing innovative solutions to the challenges that impact our business and the environment. In 1972, Stephen Ross founded Related Companies, known then as Related Housing Companies. From the beginning, Mr. Ross understood that only an experienced, multi-skilled team of professionals could drive Related to become what it is today – a fully integrated, highly diversified industry leader with expertise in virtually every aspect of development, acquisitions, management, finance, marketing and sales. During the 1970s, Related took the lead in financing and developing government assisted multi-family housing for long-term investment. It was a unique concept at the time and still is today. Related soon became the leading financier and developer of affordable housing in the country. By the start of 1980, Related rapidly diversified and over the next decade the company expanded the scope of its business and the range of its holdings. New projects included large-scale, market-rate multi-family developments as well as major metropolitan office and commercial properties. The financial services arm of the company grew considerably and became a major provider of debt and equity capital for private and public funds. The 1980s also brought about a name change in recognition of the company's new capabilities and expanded services, and the newly named Related Companies opened offices in Miami and Los Angeles to take advantage of opportunities around the country. While the real estate market took a downturn in the early 90s, Related began to acquire and reposition many assets, and its expertise was often sought out by owners of distressed properties. Following the downturn, Related led an urban and commercial resurgence, forming new partnerships and completing several mixed-use developments. Related also managed capital on behalf of several large institutions including the State Teachers Retirement System of Ohio, GM Pension Fund, MEPT and CalPERS, CreditRE and CertRE. Ventures with Credit-Suisse and Zurich Financial were also formed. In 1998, Related won the coveted bid to develop the prestigious Time Warner Center at Columbus Circle in Manhattan, which became an award-winning icon recognized around the world as a premier urban destination. At the onset of the 21st century, Related was poised to continue its expansion into new markets and forge new partnerships. In 2006, Related purchased Equinox® Holdings, Inc., further expanding the company’s capabilities into the fitness and lifestyle arena. Shortly thereafter, the company established partnerships with an elite consortium of investors to support the company’s significant growth potential and provide access to vast capital resources, and immediately began pursuing new transformative development projects of sizable scale, diversifying its portfolio and engaging opportunities abroad. In 2008, Related was selected to develop Hudson Yards, a new 28-acre neighborhood on the west side of New York City, and was tapped by Deutsche Bank to complete construction on the $4 billion Cosmopolitan Development in Las Vegas.