About this opportunity
PK Companies lists this Area Director opportunity in south bend, Indiana. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Reports To: Regional Director of Property Management
Employment Type: Full-Time
Annual Salary Range: $70,000 - $80,000
Position Overview
We are seeking a highly experienced Area Directorto lead operational recovery and long-term stabilization efforts across a diverse affordable housing portfolio. This position will primarily focus onunderperforming properties, including communities requiring operational turnaround, compliance correction, physical rehabilitation, and lease-up stabilization.
The portfolio includes properties operating under USDA Rural Development (RD), LIHTC, HUD, and Missing Middle housing programs. The successful candidate will bring strong leadership, compliance expertise, and proven experience improving occupancy, financial performance, team culture, and regulatory standing in challenged assets.
This is a hands-on leadership role requiring decisive action, strategic thinking, and the ability to drive measurable results in complex environments.
Primary Responsibilities
Lead recovery strategies for underperforming or distressed communities including operational, financial, compliance, and physical challenges
Assess property performance and implement corrective action plans focused on occupancy growth, expense control, and resident retention
Stabilize site operations through leadership restructuring, training, and performance accountability
Partner with ownership and asset management to execute turnaround timelines and performance benchmarks
Provide intensive oversight during transition periods, staffing changes, or agency interventions
Affordable Housing Compliance Oversight
Ensure portfolio compliance with:USDA Rural Development regulations
LIHTC program requirements
HUD housing programs
State and local affordable housing guidelines
Correct compliance deficiencies and prevent recurrence
Prepare properties for agency reviews, audits, MORs, and investor inspections
Act as senior compliance resource for regional and site teams
Lease-Up & Rehabilitation Leadership
Provide executive oversight for active lease-up communities, ensuring compliance-driven leasing strategies and milestone achievement
Oversee operational execution during property rehabilitation and capital improvement projects
Coordinate closely with construction, development, and relocation teams
Maintain resident communication standards and minimize operational disruption
Analyze financial statements, budgets, and operational KPIs to identify risk and improvement opportunities
Drive improvements in occupancy, collections, expense management, and NOI performance
Develop stabilization budgets and recovery forecasts
Monitor delinquency trends and implement collection strategies
Leadership & Team Development
Directly supervise Regional Managers and/or Property Managers within assigned portfolio
Recruit, mentor, and develop high-performing operational teams
Establish accountability standards and performance expectations
Intervene quickly to resolve leadership or culture challenges at struggling sites
Stakeholder & Agency Relations
Serve as primary operational liaison with ownership groups, investors, lenders, and regulatory agencies
Provide clear reporting on stabilization progress and risk mitigation efforts
Collaborate with Asset Management, Compliance, Maintenance, and Development teams to align operational strategy
Required Qualifications
Minimum 8–10 yearsof progressive property management experience with multi-site or regional leadership
Demonstrated success stabilizing distressed or underperforming affordable housing assets
Extensive experience with RD, LIHTC, and HUD programs
Proven experience overseeing lease-ups, repositioning efforts, or rehabilitation projects
Strong financial analysis and operational troubleshooting skills
Ability to lead through change and manage high-pressure environments
Willingness to travel frequently within assigned region
Preferred Certifications
HCCP, COS, SHCM, or equivalent affordable housing certifications
CPM or ARM designation preferred
Experience working with agency corrective action plans or receivership/transitional assets a plus
What Success Looks Like
Stabilized occupancy and improved financial performance across distressed assets
Successful completion of lease-ups and rehabilitation transitions
Reduced compliance findings and improved audit outcomes
Strong, sustainable on-site leadership teams
Properties transitioned from recovery phase to stabilized operations
Performance-based bonus opportunities tied to stabilization goals
Professional development and leadership growth opportunities
Opportunity to directly impact communities through housing revitalization
PK Housing is an Equal Opportunity Employer!
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Worksite address
south bend, IN, 46626, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.