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Associate Asset Manager (Foster City) at MidPen Housing · Foster…
Skills
Job Description
About MidPen
At MidPen, we build communities that change lives. Since 1970, we have been committed to our mission: to provide safe, affordable housing of high quality to those in need; establish stability and opportunity in the lives of residents; and foster diverse communities that allow people from all ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect.
We develop affordable housing, provide professional property management for all our communities, and coordinate robust onsite support programs that help residents thrive. We are active in 12 Northern California counties and have earned recognition as one of the nation’s leading non-profit developers and stewards of affordable housing. Our current portfolio of more than 130 properties is home to 20,000 working families, seniors, and people with special needs. We take pride in delivering affordable housing solutions, and we invite you to join us on a journey toward social, economic, and racial equity.
MidPen is, once again, proud to be certified as an official Great Place to Work® in 2025.
Location: Foster City Corporate Office
Associate Asset Manager, Real Estate Transactions
The Associate Asset Manager, Real Estate Transactions (AMRET) reports to the Associate Director of Asset Management, Real Estate Transactions and manages assigned projects within MidPen’s stabilized portfolio. Responsibilities include property rehabilitations, loan modifications and refinancings, investor buyouts, and other capital transactions. The role works closely with internal teams and external partners to ensure effective coordination and execution.
This is a hybrid position, currently requiring office work on Tuesdays, Wednesdays, and Thursdays, with reliable internet required for remote work.
Responsibilities:
- Monitor RFPs/NOFAs and identify funding opportunities for capital projects, refinancing, and other portfolio needs.
- Support preparation and submission of funding applications.
- Ensure all governing documents are reviewed by internal parties prior to execution, as required, and all final documents are completed and distributed to applicable parties
- Maintain updated internal records, models, trackers, and reports.
- Coordinate internal/external approvals and ensure required post‑modification updates across departments.
- Facilitate communication through meetings, status updates, and resident/staff notifications for impacted projects.
- Assist with refinancing research, loan modifications, and management of financing activities through close.
- Manage budgets, cost tracking, schedules, and ensure adherence to building guidelines on property rehab projects.
- Oversee warranties, O&M materials, and collaborate cross‑functionally to determine optimal scope and timely completion of capital improvements.
- Assist with due diligence for 15‑year investor limited partner buyouts and ensure timely draws of loan/grant funds and pursuit of rebates.
Qualifications:
To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the education, knowledge, skill, and/or ability required.
Knowledge, Skills, and Abilities
- Proficient in Excel, Word, and Outlook.
- Skilled in preparing financial feasibility analyses, strategic plans, and narrative reports.
- Strong analytical abilities for solving complex problems.
- Excellent written, verbal, and reading communication skills.
- Effective in fast‑paced, flexible environments with strong project‑management abilities.
- Self‑starter who requires minimal supervision.
- Committed to MidPen’s Mission and Values.
- Valid California driver’s license with reliable transportation and current auto insurance.
Physical Requirements
- Constantly perform desk-based computer tasks, frequently sitting
- Occasionally stand/walk, reach/work above shoulders, grasp lightly/fine manipulation, grasp forcefully, use a telephone, sort/file paperwork or parts, lift/carry/push/pull objects that weigh up to 15 pounds
- Rarely twist/bend/stoop/squat, kneel/crawl
Education and Experience
- Bachelor's degree in Finance, Community Development, Economics, Urban Planning, or related field plus 2 years’ experience in low-income housing development or asset management, or combination of education and relevant work experience
Pay Range $85,000 - $95,000 Annual Salary - Pay based on applicable experience and qualifications
Benefits and Compensation (see here for full details)
- Health Insurance
- Dental, Vision, Life & Disability Insurance
- 403(b) Retirement Investment
- Employee Education Reimbursement Program
- Paid Parental Leave
- FSA for Childcare, Medical, and Commuter Benefits
- EAP Program
- Pet Insurance
- Paid Time Off
- Company Holidays
- Wellness Days
EQUAL OPPORTUNITY EMPLOYER
MidPen Housing Corp. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
We are committed to providing an inclusive and accessible hiring process. If you need a reasonable accommodation for any part of the application or interview process, please notify your recruiter. Consistent with its obligations under the law, MidPen Housing Corp. will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.