Asset and Development Project Manager

Overview

Job Title:

Asset and Development Project Manager

FLSA Status:
Full-time, Exempt

Department:
Operations

Reports To:

Chief Executive Officer

Direct Reports:
None

Date Issued:
February 24, 2026

Date revised: N/A

Housing Up builds thriving communities in Washington, DC by developing affordable housing and offering comprehensive support services to homeless and low-income families. We provide a range of housing options that include - permanent supportive housing, rapid re-housing and affordable housing with resident services. We are also a nonprofit affordable housing developer with more than 600 units of housing in our portfolio.

We believe that people who have safe, affordable housing and genuine opportunities are empowered to transform their lives.

Founded in 1990, over the past 33+ years, our organization has grown from serving 14 families in one building in Northwest DC to serving more than 900 families throughout the city. Housing Up is now one of the city’s largest homeless services providers and is a critical partner in the District’s plan to end family homelessness. Housing Up is a Housing First organization and is proud to be a critical partner in Mayor Muriel Bowser’s plan to make homelessness “rare, brief, and nonrecurring”.

Under the supervision of and in close collaboration with the Chief Executive Officer, the Asset and Development Project Manager will play a critical role in Housing Up's real estate practice, focusing on asset management, development project oversight, financial analysis, compliance monitoring, and strategic portfolio management. This position serves as the primary liaison between Housing Up and property management companies, development partners, lenders, investors, and regulatory agencies.

The ideal candidate will bring both asset management expertise and development project coordination skills, with a strong understanding of affordable housing finance (including LIHTC and NMTC), property operations, and capital planning. This role is essential to ensuring Housing Up's properties remain financially stable, physically well-maintained, and in full regulatory compliance while supporting the organization's mission to provide high-quality housing and services.

Asset Management

• Portfolio Oversight & Property Management Coordination:
  Serve as primary Housing Up contact for property management companies (currently Riverview Property Management and others). Review and analyze monthly property financial statements, rent rolls, occupancy reports, and operating budgets. Monitor property performance metrics including occupancy rates, rent collection, operating expenses, and net operating income (NOI). Conduct quarterly property inspections and site visits to assess physical condition, maintenance needs, and compliance.
  
  Coordinate with property management to address tenant issues, lease-up challenges, and property operations.

Financial Analysis & Reporting

• Prepare annual operating budgets for each property in collaboration with property management. Analyze budget-to-actual variances and recommend corrective actions. Coordinate annual rent increases in compliance with regulatory restrictions. Review and approve capital improvement proposals, contractor bids, and scope of work. Develop and maintain 5-10 year capital replacement schedules and reserve studies for portfolio properties. Prepare quarterly asset management reports for COO and annual reports for Board of Directors.
  
  Coordinate annual property tax appeals and exemption applications.

Regulatory Compliance & Reporting

• Ensure compliance with LIHTC (Low-Income Housing Tax Credit) requirements including tenant income certifications, rent restrictions, and annual reporting. Monitor compliance with HUD, DC Department of Housing and Community Development (DHCD), and other regulatory agencies. Coordinate annual property inspections (REAC, LIHTC, local housing authority). Prepare and submit required reports to investors, lenders, and government agencies. Maintain property files including partnership agreements, regulatory agreements, loan documents, and compliance records.
  
  Track compliance deadlines…