Shelia Davis
Director of Asset Management @Jubilee Housing
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WORK HISTORY
Director of Asset Management @Jubilee Housing
Primarily responsible for overseeing the financial performance of Jubilee’s Affordable Housing Funds and Commercial Real Estate Portfolio.• Key areas of responsibility include compliance, reporting and analysis; reviewing performance of property operations; combined investment of over $100M operations and review of investment performance; financial planning; and managing risks and opportunities. • The role reports to the Chief Officer of Operations and collaborates closely internally with the Director of Property Management, the Director of Real Estate Development, as well as with banks, investors, and government partners. Training all personnel on Onesite and Financial reporting’s, etc.• Create a Deal Book for all properties, resident services, re-entry homes, grants and respond to milestones financial analysis for each property.• Oversee the Compliance Department, Risk Management, Asset Management processing recertification\'s, LIHTC, Market and HUD paperwork.• Assure timely reporting to all third parties and Tax Credit deals and DC Housing Opportunities• Monitor internal dashboards and recommend corrective action when needed.• Review of audits and tax returns and timely delivery to third parties• Assess monthly operational performance throughout organizations etc.• Set annual budget goals and review short term cash flow and maximize waterfall opportunities.• Track property performance against original underwriting projections• Establish/implement year 15 and other refinance strategies.• Select and monitor third party contracts and manage life cycle activities.• Staff the Board’s asset management function.
EDUCATION
Lindenwood University
Bachelor of Science - BS, Business Administration and Management, General
ABOUT SHELIA DAVIS
Shelia Davis is a results-oriented professional with over twenty-five years of experience managing large affordable housing portfolios, new commercial developments, new acquisitions, housing compliance, and bringing distressed properties into compliance increasing occupancy rates. Ms. Davis has led efforts in identifying and facilitating new housing development, assisting living senior, veterans’ projects, commercial projects and rehabilitation projects for private companies and housing authorities across the United States. She has a strong reputation as a superb team builder with stellar interpersonal skills who is proficient, meticulous, and forward thinking. HUD financing programs and the financing and design of mixed income neighborhoods, a repositioning strategy was developed. Under the heading of “Preserve, Grow, Diversify, and Expand Capacity”, Ms. Davis led a yearlong process to increase mixed income developments, replace inadequate public housing subsidies with Section 8 subsidies and RAD rents, re-syndication of expiring use properties, and improve the cash flow on underperforming properties.
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