Affordable housing laid the foundation of Related Companies and we continue to place a high priority on developing, acquiring and preserving housing for this sector. In fact, over 60% of our 50,000+ residential apartment homes under our management are part of one or more affordable housing programs, and an additional 20% of these homes provide workforce housing.
In the area of acquisitions and refinancing, we pursue properties that meet one of the following criteria: Section 8 properties with project-based contracts; Section 236 properties in need of rehabilitation; Section 42 LIHTC properties with expiring low-income restrictions; Section 515 FmHA properties with loans that can be prepaid; or other assisted properties, including HODAG, HOME, federal or state-financed public housing.
Many of the buildings we encounter are in need of substantial upgrading and preservation in order to continue to properly fulfill the needs of their tenants. Given our 42 years of experience in debt and equity financing – as well as our extensive management of government-assisted properties – we are well positioned to buy out existing owners who lack the resources and experience to recapitalize and, therefore, wish to exit the affordable housing arena. In addition, with our extensive development experience, we bring the knowhow to expertly rehabilitate the units, thus assuring the continued viability of these projects for years to come.
Related Management has an exciting opportunity for a dynamic Tax Credit Administrative Assistant for a 400 units property located near Long Beach, CA.
Responsibilities will include:
front office reception, recertification’s processing, calculations, and other tax credit related tasks as well as
administrative tasks as directed by property manager. The position requires exceptional customer service skills, positive and professional demeanor and the ability to work as part of a team. This is an excellent opportunity to join an industry leader and grow with us in an environment that is both challenging and energetic. We are looking for someone who wants to contribute his or her talent to the team. Most importantly, we are looking for a positive person who will add the strength of their personality to an already wonderful mix of committed and dedicated employees.