Working Title: Asset Manager / Housing Development Officer Senior
Job Class: Housing Development Officer Senior
Agency: Housing Finance Agency
Job ID : 88826
Location : St. Paul
Telework Eligible : Yes, up to 50% of scheduled workdays. Teleworking employees are required to live in Minnesota or within 50 miles of the St. Paul office if in Wisconsin.
Full/Part Time : Full-Time
Regular/Temporary : Unlimited
Who May Apply : Open to all qualified job seekers
Date Posted : 09/12/2025
Closing Date : 09/25/2025
Division/Unit : Multi Family / Asset Management
Work Shift/Work Hours : Day Shift
Days of Work : Monday - Friday
Travel Required : No
Salary Range: $30.80 - $45.47 / hourly; $64,310 - $94,941 / annually
Supervisor :Eric Thiewes
Classified Status : Classified
Bargaining Unit/Union : 214 - MAPE
FLSA Status : Nonexempt
Designated in Connect 700 Program for Applicants with Disabilities (https://mn.gov/mmb/careers/diverse-workforce/people-with-disabilities/connect700/) : Yes
This position requires an employee to be onsite at 400 Wabasha Street North, St Paul, Minnesota at least 50% of the time, with some opportunity to perform work from a telework location.
Telework (https://mn.gov/mmb-stat/policies/1422-telework.pdf) is available on a limited basis.
Only candidates residing in Minnesota or a state bordering Minnesota (Iowa, North Dakota, South Dakota, or Wisconsin) within 50 miles of the work address listed above are eligible for telework.
Candidates residing in Minnesota and more than 50 miles from the primary/principal work address above may be eligible to telework more than 50%.
Candidates residing 50 miles or more from the primary/principal work address in a state bordering Minnesota (Iowa, North Dakota, South Dakota, or Wisconsin) are not eligible to be hired, unless planning to relocate within 50 miles of the work location.
The work you'll do is more than just a job.
At the State of Minnesota, employees play a critical role in developing policies, providing essential services, and working to improve the well-being and quality of life for all Minnesotans. The State of Minnesota is committed to equity and inclusion, and invests in employees by providing benefits, support resources, and training and development opportunities.
Minnesota Housing is hiring! We're a mission-focused financial institution looking for a Asset manager who provides asset management oversight to a varied portfolio of affordable housing developments which include tax credit, amortizing loan, subsidized/rental assistance programs, and supportive housing serving formerly homeless households to ensure the assets are physically and financially viable for the long term and agency risks minimized.
Essential Job Duties
Analyzing the financial performance of developments, including vacancy rates, turnover, revenue and expense discrepancies, and market conditions. Offering guidance and assistance to ensure the development remains financially viable throughout the mortgage term.
Conducting inspections of developments to ensure they meet industry standards, ensuring residents have safe and sanitary living conditions.
Assessing both short-term and long-term capital requirements for developments. Assisting property owners with capital needs assessments. Coordinating with internal teams to facilitate funding referrals when necessary.
Evaluating funding requests by reviewing a range of documents, such as market studies, appraisals, financial statements, and operating comparisons. Providing recommendations based on the analysis.
Analyzing and approving operating budgets, as well as managing the processing of reserve draw requests.
Collaborating with other Agency teams to integrate an asset management perspective into collective efforts.
Continuously monitoring the operations of developments to ensure ongoing compliance with program requirements and loan agreements.
Providing customer service to various stakeholders, including residents, management staff, developers, owners, and other funding organizations. This involves fostering positive relationships and addressing their needs and concerns.
Perform other duties as assigned.
Minimum Qualifications
To be qualified for and considered for this position, applicants must meet all of the minimum qualifications listed below. Ensure that your resume contains descriptions of your work experiences sufficient for comparison against the requirements stated below and indicate the beginning and ending month and year for each job held.
Only applicants whose resumes clearly demonstrate fulfillment of each of these minimum qualifications will be considered for this position.
Three (3) years of multifamily residential property management experience including oversight of operations, affirmative marketing, tenant screening, rent collection, tenant relations, creating and following the inspection process, recognition of HVAC, roofing, windows and other capital needs items, rent collection process, and vendor relationships.
or
Three (3) years of experience developing multifamily residential property budgets, reviewing audits, financial statements, and market studies.
A Bachelor's degree in Business Administration, Finance, Accounting, Housing, Real Estate, or Community Development/Planning may substitute for one (1) year of professional experience - or - a Master's degree in the listed fields may substitute for 18 months of experience
AND
Familiarity with HUD and LIHTC: Knowledge and experience with Federal Housing and Urban Development (HUD) programs and the federal Low Income Housing Tax Credit (LIHTC) program are essential, indicating an understanding of the regulatory environment and funding sources within the affordable housing sector.
Physical Abilities: The role requires the ability to physically perform property inspections, which includes carrying files, standing, walking for extended periods, and reading tenant files. This physical capacity is necessary for assessing the condition of properties.
Valid Driver's License: A valid driver's license is a requirement, as the position involves up to 50% day travel with occasional overnight travel to visit and inspect developments.
Interpersonal and Team Skills: Demonstrated organizational, communication, time management, interpersonal, and team skills are crucial. These skills facilitate effective collaboration with colleagues, residents, property owners, and other stakeholders.
Mathematical and Reasoning Skills: The role requires demonstrated mathematical ability and reasoning skills, which are necessary for financial analysis, budgeting, and decision-making.
Overall, these qualifications emphasize a combination of property management expertise, financial acumen, regulatory knowledge, physical capabilities, and interpersonal skills necessary to excel in this position.
Preferred Qualifications
Two (2) years of multifamily residential asset management experience.
Knowledge of managing and operating supportive housing developments
Experience with complex financial review of audits, financial statements, appraisals, and market studies.
Our employees are dedicated to ensuring cultural responsiveness. Preferred candidates will have a variety of experiences working effectively with others from different backgrounds and cultures.
Physical Requirements
Requires moving office items such as file folders and small office tools.
A certain amount of walking and standing is often necessary in carrying out job duties.
Additional Requirements
This position requires successful completion of the following:
Reference Checks.
Job related background checks.
Conflict of Interest Disclosure.
Driver's License Check.
AN EQUAL OPPORTUNITY EMPLOYER
Minnesota State Colleges and Universities is an Equal Opportunity employer/educator committed to the principles of diversity. We prohibit discrimination against qualified individuals based on their race, sex, color, creed, religion, age, national origin, disability, protected veteran status, marital status, status with regard to public assistance, sexual orientation, gender identity, gender expression, or membership in a local commission as defined by law. As an affirmative action employer, we actively seek and encourage applications from women, minorities, persons with disabilities, and individuals with protected veteran status.
Reasonable accommodations will be made to all qualified applicants with disabilities. If you are an individual with a disability who needs assistance or cannot access the online job application system, please contact the job information line at 651-259-3637 or email careers@state.mn.us . Please indicate what assistance is needed.
