Employment

Midwest Housing Equity Group employs professionals who are passionate, skilled and knowledgeable about the affordable housing industry. A job at MHEG is more than just a job. It’s an opportunity to change lives for a better tomorrow. We value our employees and offer a comprehensive and competitive benefits packages to reflect that appreciation.

Affordable Housing Compliance Specialist - Omaha, NE

SUMMARY OF POSSIBLE DUTIES

  • Field questions from property managers/owners regarding LIHTC compliance issues.
  • Provide technical support through research using various handbooks or a phone call to State Agencies.
  • Assist in keeping property managers apprised of new information, laws passed, forms, etc in regards to the Low Income Housing Tax Credit Program.
  • Monitor and assist with maintaining the most current compliance forms for each state.
  • Monitor and maintain working folders to include all current information.
  • Update individual property lease-up spreadsheets with current information and prepare Initial Tenant Status Report for new projects and then upload onto Integratec Database Website.
  • Monitor funding sources and track rent/income percentages are being maintained.
  • Monitor market-specific changes to rent and utility allowances.
  • Notify managers of any corrections/suggestions for files or reports.
  • Maintenance of all initial property files.
  • Initiate phone calls with property management/owners prior to lease up to review requirements.
  • Assist with new lease-up of properties. Review and retain all initial tenant files in hard copy and electronic formats.
  • Annual Audit Responsibilities include: audit of property management files for compliance, on-site inspection of properties for compliance, follow up with any outstanding issues with the audit and site inspection findings.
  • Attend State Monitoring Agency trainings and other compliance classes as necessary to maintain proficiency with LIHTC compliance rules.

The above job description can be changed at any time.

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Affordable Housing Compliance Specialist - Omaha, NE

Asset Manager - Oklahoma City, OK

SUMMARY OF POSSIBLE DUTIES

Job Purpose: The Asset Manager will oversee a portfolio of Low-Income Housing Tax Credit projects through financial review, site visits and problem resolution/workouts as needed. This position requires a working knowledge of real estate and accounting.

  • Manage and monitor real estate portfolio of approximately 35 - 45 projects from lease-up throughout the 15 year compliance period.
  • Conduct annual project site visits (internal and external inspection).
  • Identify and follow-up on problems with projects and work with general partners to help resolve issues.
  • Provide training in accounting, as needed, to partners and managers.
  • Track reserve levels and prepare and review requests for release of replacement and operating reserves.
  • Assist the CFO & DOAM with annual audit of lower/upper tier investments.
  • Assist with the preparation of quarterly investor reports.
  • Work with Asset Stabilization Manager on problem project resolution.
  • Obtain, review and input annual operating budgets of portfolio.
  • Input (Excel) and analyze (i.e.; budget comparison and watch list criteria) monthly financial reports of real estate portfolio. Assist property manager in developing ways to maximize income and control expenditures.
  • Assist partners/managers with rental analysis taking into account all sources of funding and their respective guidelines.
  • Track compliance with insurance and real estate taxes.
  • Monitor real estate taxes; direct appeals where warranted. If requested, assists with appeals process.
  • Provide assistance with data input on data base regarding relevant fund and property information on quarterly basis to expedite investor reporting.
  • Gather information as needed on investor requests.

Qualifications:

  • One-three years prior experience in accounting, housing, real estate, finance and/or property management required
  • BS or BA in accounting, finance or related field required
  • Knowledge of real estate terminology and concepts required; basic knowledge of LIHTC and strong financial analysis skill is preferred
  • Strong computer skills, knowledge of MS Word, Excel and Outlook is required
  • Strong organizational skills and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines
  • Must be highly motivated, be able to work independently, solve problems and possess strong written and oral communication skills
  • Incumbent is expected to demonstrate strong ethics in interpersonal relations and work as an effective, collaborative team member

The above job description can be changed at any time.

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Asset Manager - Oklahoma City, OK

To be considered for any position, you must email the following items to career@mheginc.com

MHEG job application (Download Here)
Cover letter
Resume

To be considered for an internship, you must email the following items to career@mheginc.com

Intern application (Download Here)
Resume