Asset Manager

Written By Raven Bates

Release date: October 20, 2025

Anticipated Start Date: On or before November 24,2025

Applications will be reviewed on a rolling basis, and the position will be open until filled.  

Position Overview 

VCDC’s Asset Managers support our network of affordable housing partners served by the Low-Income Housing Tax Credit program throughout Virginia and the surrounding states. This position will oversee a portfolio of approximately 35-50 properties at any time and work collaboratively with them to help maximize operating performance and ensure program compliance. 

This is a mid-level portfolio and relationship management position that is well suited for someone that has prior experience in housing and community development, a knowledge of property management and the Low-Income Housing Tax Credit program, and an expertise in developing, analyzing, and managing project budgets. Our ideal candidate has a passion for mission-driven community development and creating equitable and affordable housing opportunities. 

About VCDC

VCDC is a nonprofit community development organization based in Richmond, Virginia. We provide capital solutions and strategic partnerships to support affordable housing and community development across Virginia and beyond. Our work includes equity investments backed by Low-Income Housing and Historic Tax Credits, compliance and capacity-building support, and consulting services. Through our affiliates, the Virginia Community Development Fund (VCDF) and Virginia Community Development Advisory Services (VCDAS), we also offer lending and technical assistance for housing, commercial, and economic development projects. 

Our work is guided by the following values: 

  • People – We go the extra mile for those we serve and work with. 

  • Partnerships – We collaborate with empathy, curiosity, and shared purpose. 

  • Community – We define success by the housing and economic security we help deliver. 

  • Equity – We invest in overcoming injustice and advancing opportunity. 

Key Responsibilities 

  • Portfolio Oversight 

    • Manage the financial health and operational performance of approximately 35–50 properties within VCDC’s portfolio, ensuring full compliance with Section 42 (Low-Income Housing Tax Credit) requirements. 

    • Review and analyze monthly and quarterly property financial reports and audited financial statements, identifying trends, variances, and potential financial or operational risks. 

    • Analyze and evaluate annual operating budgets to identify financial and operational risks, assess accuracy, and ensure alignment with performance expectations. 

    • Monitor resident income certifications and occupancy eligibility to ensure ongoing compliance with LIHTC and other applicable regulations. 

    • Identify and help mitigate risks that could lead to the loss of tax credits or negatively affect residents, investors, or the property’s reputation. 

    Technical Assistance & Partner Support 

    • Provide technical assistance and guidance to property managers, owners, and general partners to support effective operations and long-term asset performance. 

    • Conduct on-site visits and property inspections across Virginia and adjacent states to evaluate physical conditions, review compliance documentation, and strengthen relationships with management agents. 

    • Offer targeted support in areas such as marketing and leasing strategies, budgeting, LIHTC compliance, and preventative maintenance planning. 

    • Closely monitor and assist with “watch list” properties, collaborating with management agents and sponsors to improve financial and operational outcomes. 

    • Participate in the planning and delivery of property management training conferences and related capacity-building initiatives. 

    Additional Responsibilities 

    • Actively contribute to cross-departmental initiatives and teams as assigned. 

    • Travel regularly to properties, primarily within Virginia, for inspections, audits, and technical assistance; some overnight travel required. 

    • Perform other duties assigned to support the goals and mission of the organization. 

Performance Expectations 

VCDC Asset Managers are expected to deliver consistent, high-quality technical and operational support across their assigned portfolio. They ensure regulatory compliance, promote financial stability, and foster strong, collaborative relationships with partners. Success in this role requires strategic thinking, sound judgment, and a proactive approach to identifying and solving problems. Asset Managers are also expected to demonstrate adaptability, accountability, and clear, responsive communication with all stakeholders. 

Qualifications 

At VCDC, we recognize that skills and impact come from a variety of paths. If you believe you have the skills and experience to succeed in this role, even if you do not meet every listed qualification, we encourage you to apply. 

A successful applicant will:  

  • Be a confident self-starter with strong interpersonal skills and a collaborative, personable approach. 

  • Manage multiple priorities and deadlines with flexibility, creativity, and sound problem-solving. 

  • Work independently and resourcefully while maintaining alignment with team goals. 

  • Build and maintain positive, professional relationships with colleagues and external partners. 

Ideal candidates will bring many of the following qualifications: 

  • A College Degree and/or unique lived/employment experience that will help you successfully service up to 50 clients/properties at a time is required. 

  • Certifications: Preferred certifications include Housing Credit Certified Professional (HCCP), Certified Housing Asset Manager (CHAM), Accredited Residential Manager (ARM), Certified Apartment Portfolio Supervisor (CAPS), or Certified Property Manager (CPM). 

  • 6 years in residential property or asset management, with a focus on affordable housing and LIHTC compliance. 

  • Technical Skills: 

  • Proficiency in Office 365, Excel, and Adobe Acrobat, with strong communication skills for engaging stakeholders across email, phone, and in-person settings. 

  • Preferred: Familiarity with CRM software and project management tools for streamlined workflow and partner relationship management. 

Work Environment & Additional Information 

  • Location/Primary Base of Operations: Richmond, VA 

  • Work Arrangement: Hybrid (Remote/In-Person) 

  • Position Type: Full-Time, Exempt  

  • Typical Work Schedule is 9:00am-5:00pm, Monday through Friday, though hours may shift occasionally based on business needs. 

  • Travel: A valid driver’s license is essential. This role requires extensive travel across Virginia and surrounding regions, with frequent overnight stays to conduct on-site inspections, compliance audits, and provide technical assistance.  

 

  • Reports To: Director of Asset Management 

  • Department: Asset Management 

  • Supervisory Responsibility: No 

  • Organizational Culture: VCDC fosters a values-driven culture grounded in our mission. Team members are expected to work with purpose and clarity, lead with integrity and inclusion, communicate transparently and collaboratively, and commit to continuous learning and improvement. 

  • Physical Requirements The physical demands and requirements described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to: sit, move, communicate (verbally and written), frequently lift objects up to 20 pounds, and read, analyze, and calculate various types of data and information. In addition, site visits and inspections may require kneeling, crouching and squatting. Reasonable accommodation will be made to enable individuals with disabilities to perform the essential functions of the role. 

Compensation & Benefits

At VCDC, we believe compensation should reflect both the impact of the work and our commitment to organizational values. We use national and local salary surveys, structured pay bands, and internal benchmarking to ensure our pay practices are fair, competitive, and transparent. 

  • Salary and Pay Band: $55,000-$85,000. This represents the full compensation range for the role over time, not necessarily the starting salary.  

  • Starting Salary: The expected starting salary will be commensurate with experience, skills, and qualifications. Candidates should expect an offer within the lower to mid-range based on relevant experience, with progression opportunities tied to performance and tenure. 

  • Bonuses: Performance-based bonuses may be available depending on individual and organizational outcomes. 

Our total compensation package includes a range of financial, wellness, and professional benefits: 

  • Health & Wellness: Medical, dental, and vision insurance with 100% employer-covered options; 24/7 telemedicine; a confidential Employee Assistance Program (EAP) offering mental health and wellness support; and access to a free office gym 

  • Time Off & Flexibility: Generous paid time off (PTO) and volunteer time off; hybrid work environment; free parking; casual dress; and ergonomic workstations 

  • Financial Security: Employer-paid life, AD&D, and long-term disability insurance; retirement plan with employer-funded contribution after one year; and tech/cell phone stipend (as applicable) 

  • Professional Growth: Tuition reimbursement, industry certification support, and a mission-driven, learning-focused culture 

  • Note: Benefits and compensation details are provided for informational purposes and are subject to change. 

How to Apply

Please submit your resume and a brief cover letter describing your interest and qualifications here. Applications will be reviewed on a rolling basis, and the position will be open until filled.  

Apply Now

Equal Opportunity & Equity Statement 

VCDC is an equal opportunity employer committed to building a diverse and inclusive team. We recruit, employ, train, compensate, and promote without regard to race, religion, color, national origin, sex, sexual orientation, gender identity or expression, age, disability, veteran status, or any other protected status as required by law. 

Background Check Notice 

All offers of employment at VCDC are contingent upon the successful completion of a background check. This may include verification of employment and education history, reference checks, Social Security validation, and a review of criminal history. A criminal record does not automatically disqualify a candidate. We consider the nature of the offense, how long ago it occurred, its relevance to the role, and whether it presents an unreasonable risk to our organization or community. 

Raven Bates