Regional Property Manager – Affordable Housing
Illinois Portfolio | Multifamily & Senior Communities
Full-Time | Home-Based with Travel
Starting Salary: $85,000+ annually
The Opportunity
A Top 25 multifamily property management company with a growing presence throughout the Midwest is seeking an experienced Regional Property Manager to oversee a portfolio of multifamily and senior affordable housing communities throughout Illinois.
We are looking for an experienced regional leader with a strong affordable housing background, including 6–8 years of LIHTC/tax credit experience and at least five years of experience managing communities with more than 50 units.
This is an excellent opportunity for a results-driven, hands-on leader who enjoys developing teams, improving property performance, and taking ownership of operational and financial results.
This position is home-based with regular travel throughout the assigned Illinois portfolio.
Who Will Thrive in This Role
We're looking for a hands-on Regional Property Manager who understands affordable housing and knows how to drive results through strong leadership.
The ideal candidate is comfortable digging into financials and KPIs, walking properties, coaching Property Managers, addressing compliance and operational challenges, and holding teams accountable for results. You should understand both the operational and compliance sides of LIHTC communities and be able to recognize problems, develop solutions, and follow through until results are achieved.
What You'll Do
- Lead, coach, and develop Property Managers across a portfolio of affordable housing communities
- Hire, onboard, train, and develop onsite teams
- Oversee property operations, including occupancy, collections, resident satisfaction, maintenance, compliance, and financial performance
- Develop annual property budgets and monitor monthly financial results
- Analyze financial performance, identify variances, and implement strategies to maximize revenue and control expenses
- Monitor property KPIs and create action plans for communities that are not meeting performance expectations
- Ensure compliance with LIHTC requirements and other applicable affordable housing programs
- Partner with compliance teams to ensure files, recertifications, and required documentation are accurate and completed timely
- Conduct regular site visits and physical property inspections
- Support new community lease-ups and stabilization efforts
- Work closely with development, construction, asset management, compliance, and operations teams
What We're Looking For
- 5+ years of multi-site/regional property management experience
- 6–8 years of LIHTC/tax credit experience
- Experience managing multifamily communities with more than 50 units
- Strong affordable housing knowledge and understanding of LIHTC compliance requirements
- Experience with HUD, HOME, RD, PBV, or other layered affordable housing programs is a plus
- Proven experience leading, coaching, and holding Property Managers and onsite teams accountable
- Strong understanding of occupancy, collections, budgeting, financial performance, maintenance operations, and compliance
- Experience turning around underperforming communities and developing measurable action plans preferred
- Lease-up and stabilization experience preferred
- Ability to analyze financials and KPIs and translate results into operational strategies
- Strong sense of urgency with the ability to successfully manage shifting priorities
- Strong leadership, communication, problem-solving, and customer service skills
- Ability and willingness to travel regularly throughout Illinois
Compensation & Benefits
Full-time benefits include:
- Choice of medical plans
- Dental and vision insurance
- 401(k) with company match
- Company-paid holidays
- PTO
- Performance-based bonus opportunities
Pay: $80,000.00 - $87,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Employee assistance program
Work Location: Hybrid remote in Chicago, IL 60617
