Market Incentives Asset Manager

City of Seattle, WA

$98K — $114K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Two years of experience in affordable housing compliance monitoring, property management, or related field.
  • Bachelor's Degree in business or public administration, urban planning, architecture, or similar.
  • Three years of experience with an Associate Degree in a related field is acceptable.
  • Four years of relevant experience without a degree is also valid.
  • Technical knowledge of affordable housing programs, including federal tax credits and funding programs.

Responsibilities

  • Review annual housing project reports for compliance regarding rent and income restrictions.
  • Develop and maintain asset management policies in collaboration with stakeholders.
  • Provide training and technical assistance to property managers and owners.
  • Conduct audits of tenant files as part of compliance checks.
  • Strengthen compliance practices through interpersonal communication with community members.

Benefits

  • Comprehensive benefits package including vacation, holiday, and sick leave.
  • Medical, dental, vision, life, and long-term disability insurance for employees and dependents.
  • Hybrid work schedule with flexibility for individual agreements between employee and supervisor.
Full Job Description
Salary: $47.39 - $55.19 Hourly
Location : Seattle Municipal Tower, 700 5th Ave., Seattle, WA
Job Type: Classified Civil Service, Regular, Full-Time
Job Number:
Department: Office of Housing
Opening Date: 07/13/2026
Closing Date: 7/28/2026 4:00 PM Pacific

Position Description
THE JOB
We are recruiting for a Market Incentives Asset Manager to join the Asset Management Unit. We are looking for applicants who are personable and accountable and want to help provide people with affordable housing and stability. Your work will shift between asset management and compliance, depending on workload.
Job Responsibilities
Your top priorities in this role will be:
  • Reviewing annual reports of affordable housing projects for contractual compliance, with particular focus on rent and income restrictions, household eligibility, and unit set-asides. Annual report reviews culminate in a compliance summary and may include follow-up correspondence and notices of corrective actions as needed. This priority includes a periodic audit of tenant files.
  • Developing and maintaining asset management policies and procedures in collaboration with internal and external stakeholders to ensure long-term program viability and program compliance.
  • Providing training and technical assistance to property managers and owners to strengthen compliance and asset management practices, and providing technical assistance to tenants.

You will be effective in this role with a combination of the following knowledge and experience:
  • Technical expertise in affordable housing programs such as the federal Low- Income Housing Tax Credit, Multifamily Tax Exemption Program (MFTE), and other funding HOME, Section 8, and other funding programs.
  • Experience in property management, asset management, community development, compliance monitoring, or real estate.
  • Knowledge of Washington State Tenant Landlord Law.

You will be most successful in this role with a combination of the following skills and abilities:
  • Clear and professional written and oral communication.
  • Contract administration and contract management.
  • Interpersonal and negotiation skills.
  • Ability to work effectively with team members, coworkers, industry colleagues, building owners/managers, and community members.
  • Ability to take initiative, work well independently, and use reliable judgment in difficult situations.
  • Ability to maintain professionalism and diffuse tense situations.
  • Computer literacy and a working knowledge of Word, Excel, Outlook and SharePoint.

Qualifications
In addition to the qualities mentioned above, you will need to possess the below required qualifications (or a combination of education and/or experience and/or training which provides an equivalent background required to perform the work of the class):
  • Two years of progressively responsible experience in affordable housing compliance monitoring, property management, real estate, program management, planning, research, architecture, or a related field
  • Bachelor's Degree in business or public administration, urban planning, architecture, or a related field

OR
  • Three years of progressively responsible experience in affordable housing compliance monitoring, property management, real estate, program management, planning, research, architecture, or a related field
  • Associate Degree in business or public administration, urban planning, architecture, or a related field

OR
  • Four years of progressively responsible experience in affordable housing compliance monitoring, property management, real estate, program management, planning, research, architecture, or a related field

Additional Information
This full-time (1.0 FTE) civil service position is eligible for overtime, is classified as a Community Development Specialist BU, and is governed by a collective bargaining agreement between the City and the union, PROTEC17 - Professional Unit.

Pay: The full pay range for this step-progression position is $47.39 - $55.19 per hour. New employees typically begin at Step 1 of the pay progression, which is $47.39 hourly. Current City employees' starting rate of pay will be based on Personnel Rules regarding promotions.

Working Schedule: This position offers the flexibility of a hybrid work schedule. Employees will be expected to be in-office three times a week. This position will require the ability to work a flexible schedule, as there may be occasional travel that is required. Individual schedules will be based on agreement between the employee and their supervisor.

Hiring Timeline: First round interviews for this position are tentatively scheduled for the week of August 17-21, 2026.

Accommodations: We will ensure that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact Sandra Wong at [email protected] to request accommodation.

Benefits: The City of Seattle offers a comprehensive benefits package including vacation, holiday, and sick leave as well as medical, dental, vision, life and long-term disability insurance for employees and their dependents. More information about employee benefits is available on the City's website at: Please select an option under the heading "Most Employee Benefits."

Application Process:
Please submit your application at no later than 4:00 PM Pacific Time on Tuesday, July 28, 2026. To be considered for this position, in addition to completing your application fully, please attach:
  • A PDF of your current resume
  • A cover letter clearly describing how your knowledge, skills, and abilities prepare you for the job responsibilities and qualifications outlined in this job announcement.

Incomplete applications will not be considered.
The City of Seattle offers a comprehensive benefits package including vacation, holiday and sick leave as well as medical, dental, vision, life and long-term disability insurance for employees and their dependents.

More information about employee benefits is available on the City's website at:
01

Tell us about your experience in reviewing annual reports of affordable housing projects for contractual compliance.
02

Tell us about your experience in developing and maintaining asset management policies and procedures where you had to work with both internal and external stakeholders.
03

This position offers the flexibility of a hybrid work schedule. Employees will be expected to work in-office a minimum of three days a week. Individual schedules will be determined between you and your supervisor. Please confirm your understanding and ability to meet the needs of this role.
  • Yes
  • No

04

To be considered for this position, your application must be complete. Did you attach a cover letter and resume to this application?
  • Yes
  • No

Required Question

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