About Octavia Hill Association
Octavia Hill Association (OHA) is a mission-driven organization that has been providing high quality rental housing to Philadelphia households for more than 120 years. OHA was founded in 1896 to provide spacious row homes to working people of limited means, while providing investor/shareholders with a 3% return. “Friendly rent collectors” provided guidance and support to tenants and assured that rental units were maintained to high standards. The OHA portfolio has now grown to 449 rental units located in a number of neighborhoods across the city. The portfolio includes a mix of units, some of which were developed using Low Income Housing Tax Credits (LIHTC) or other subsidy programs and remain subject to affordability restrictions and ongoing compliance requirements.
OHA is a shareholder-owned corporation. The largest shareholder is Community Ventures, a non-profit affordable housing developer. The two organizations routinely engage in consultative services with each other, principally with respect to property management and development services. Each is governed by an independent Board of Directors. From time to time, the boards meet jointly and there are several individuals that serve on the boards of both organizations. The annual operating budget of the Association and its affiliated partnerships exceeds $4 million.
About the Position
The President and CEO is responsible for the day-to-day management of the organization and its fifteen-person staff. This includes oversight of the management of the rental portfolio to achieve budgeted financial returns, acceptable vacancy rates, and ongoing maintenance sufficient to protect organizational assets and ensure quality of life for tenants. This individual will also be responsible for developing – with Board engagement – a longer term capital plan for the portfolio intended to preserve and leverage existing assets and to identify opportunities for future development.
The President and CEO reports directly to the Chair of the OHA Board of Directors and assists in setting agendas for the board and its standing committees. The President and CEO is also responsible for shareholder relations and communications, including preparation of the Annual Report and coordination of the annual stockholder meeting.