Kelly Fowler
Springville,AL
Summary
Experienced Asset Manager with 15+ years of leadership in the multifamily affordable housing industry, specializing in regulatory compliance, portfolio performance optimization, and operational oversight. Extensive expertise in federal and state affordable housing programs, including HUD and LIHTC regulations. Proven ability to drive operational efficiency, maximize asset value, and enhance financial performance across diverse portfolios. Strategic and results-driven, with a strong record of implementing innovative solutions that strengthen compliance, improve NOI, and deliver sustainable returns to stakeholders.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Asset Manager/VP Affordable
SPM, LLC
Birmingham, AL
09.2023 - Current
- Oversees the financial and operational performance of a 42-property portfolio of Project-Based Section 8 and LIHTC communities, ensuring alignment with ownership and organizational objectives.
- Conducts a comprehensive analysis of monthly financials and annual audited statements to identify operational inefficiencies, financial risks, and performance improvement opportunities.
- Partners with senior and regional leadership to evaluate property performance and implement revenue-enhancement and expense-control strategies across the portfolio.
- Reviews and evaluates capital expenditure projects and major improvements for Reserve for Replacement (R4R) reimbursement; prepares detailed owner approval packages prior to HUD or lender submission.
- Leads HAP contract renewal assessments, advising ownership on optimal renewal strategies to maximize rental income and long-term asset value.
- Manages OCAF rent increase preparations and submissions; conducts utility consumption analyses to establish HUD-approved utility allowance baselines.
- Collaborates with the COO, CFO, and accounting teams on asset-level financial reporting and annual audit processes.
- Provides strategic guidance and compliance oversight to senior leadership, on-site management teams, and ownership groups to enhance operational performance and regulatory adherence.
Director of Operations
GGHA
Gadsden, AL
04.2022 - 09.2023
- Streamlined property management operations and partnered with the Executive Director to improve departmental efficiency, compliance, and overall performance.
- Directed maintenance, capital improvement, and modernization initiatives for public housing and multifamily communities, ensuring regulatory compliance and long-term asset preservation.
- Led the acquisition process for a Section 8 community, collaborating on grant applications and funding strategies to support property rehabilitation and capital improvements.
Regional Property Manager
SPM, LLC
Birmingham, AL
05.2017 - 04.2022
- Managed Section 8 portfolio initiatives with a strategic focus on revenue optimization, regulatory compliance, and operational efficiency.
- Analyzed monthly financial statements, identified budget variances, and prepared detailed performance reports to support owner-level financial decision-making.
- Developed and administered comprehensive annual operating budgets to align financial performance with ownership objectives.
- Led site preparation efforts for REAC inspections and HUD management reviews, contributing to consistently strong inspection outcomes and regulatory compliance.
Portfolio Manager
THM, LLC
Alpharetta, GA
06.2015 - 05.2017
- Oversaw a 1,100+ unit multi-state affordable housing portfolio, maintaining high operational standards, regulatory compliance, and quality control.
- Conducted comprehensive file audits and physical inspections to ensure adherence to HUD and LIHTC program requirements across all communities.
- Implemented operational strategies aligned with internal financial benchmarks, driving occupancy stability and income performance.
- Led asset performance evaluations and coordinated capital expenditure planning to support long-term property preservation and value enhancement.
Education
MBA - Business Administration
Georgia Southern University
05.2008
BBA - Logistics and Intermodal Transportation
Georgia Southern University
12.2003
Skills
- Proficient in Yardi, OneSite, and Microsoft Office Suite
- Extensive knowledge of HUD Handbook 43503 and IRC Section 42 (LIHTC) regulations
- Expertise in REAC inspections under NSPIRE and UPCS protocols
- Strong understanding of Fair Housing and Landlord/Tenant laws
- Portfolio management and multi-site oversight
- Advanced problem-solving and compliance resolution skills
Certification
- Specialist in Housing Credit Management (SHCM)
- Tax Credit Specialist (TCS)
- Certified Occupancy Specialist (COS)
- Certified Manager of Maintenance (CMM)
- Certified Manager of Housing (CMH)
- Housing Choice Voucher- HQS
- Site-Based Budgeting Specialist (SBS)
- Public Housing Manager (PHM)
Timeline
Asset Manager/VP Affordable
SPM, LLC
09.2023 - Current
Director of Operations
GGHA
04.2022 - 09.2023
Regional Property Manager
SPM, LLC
05.2017 - 04.2022
Portfolio Manager
THM, LLC
06.2015 - 05.2017
BBA - Logistics and Intermodal Transportation
Georgia Southern University
MBA - Business Administration
Georgia Southern University