Do you want to work with a mission-driven organization that addresses racialized wealth gaps through revitalized housing? Urban Homeworks is hiring an Asset Manager to join the Real Estate team in partnership and under the direction of the Real Estate Director. The primary role is to evaluate the physical product and operations of UHW’s diverse portfolio of scattered-site affordable housing communities to allow the organization to make well-educated financial decisions and fulfill strategic goals. The ideal candidate for this role should have knowledge and experience in non-profit affordable housing management and financing.  

BENEFITS:

• Salary Range: $70,000 – $80,000
• 6 paid holidays
• Unlimited time off for full-time employees (subject to waiting period)
• Multiple health insurance options, subsidized by the employer, dental and vision package
• Retirement savings options
• Agency-sponsored life insurance and short-term and long-term disability
• Flexible work structure with hybrid and remote options

JOB RESPONSIBILITIES:

Asset Value Enhancement

• Assure the continued value of the buildings through efforts including but not limited to: refinancing, implementing capital improvement programs; undertaking special marketing efforts; initiating negotiations for improved tax, insurance, and utility rates; and creating significant resident service programs.
• Develop and manage capital improvement plans and apply for funding as needed.
• Solicit and evaluate consultant proposals and work closely with them to ensure  high-quality delivery of services, approval of documentation, and evaluation.

Property Management Oversight

• Draft asset management/strategic business plan for each property and/or portfolio owned by the organization.
• Bring property management plans into alignment with the organization’s general policies, procedures, goals, and values.
• Advertise for potential property management contractors, conduct interviews, and provide recommendations to leadership; seek best aligned management entity for the property or portfolio.
• Develop policies that will govern the work of the property management entity and monitor performance.

Performance Standards Development and Management

• Review and prepare reports for leadership and the Board to include financial, physical, and operational performance monitoring; clearly identify problems and provide action plans to resolve issues.
• Communicate routinely with all relevant stakeholders; ensure all required reports are prepared and submitted on time.
• Provide support and coordination around various funding (both public and private) programs.
• Lead monthly meetings with Property Management to ensure properties are well-maintained, resident requirements are met, reports are provided to lenders/partners, and appropriate services are rendered.

Property Acquisition and Disposition Consultation

• Analyze properties under consideration for acquisition and development, reviewing through multiple lenses (financial, programmatic, physical, managerial, and strategic).
• Manage onboarding of new assets.
• Identify potential properties for sale within organizational goals, financial needs, and priorities and make sure sales take place in the best possible manner.
• Create and implement strategic plans for disposition and assist in the selection of new operating partners.

REQUIRED QUALIFICATIONS:

Education and Experience:

• Education or experience commensurate with the role. Strong knowledge and experience in non-profit affordable housing management and finance preferred.

Knowledge, Skills and Abilities:

• Committed resolve for the Urban Homeworks mission, anti-racism practice, and housing justice.
• Strong analytical, mathematical, data management, and problem-solving skills.
• High level of familiarity and experience with housing development financial mechanisms and
• Ability to model operating data, including cash flows and real estate issues.
• Strong working knowledge of Microsoft Excel, as well as Word and Outlook, and ability to perform detailed reporting and financial analysis.
• Strong software skills with ability to quickly learn and use property management database software; Yardi experience is a plus.
• High degree of personal integrity, honesty, discretion, and financial
• Strong knowledge and experience in non-profit affordable housing management and finance preferred.
• Knowledge of HUD Section 8 and 236 verification processes preferred but not required.

Licenses and/or Certifications:

• Must have completed COVID-19 vaccination and/or will have completed the vaccine before starting, unless an accommodation request is approved.
• Valid driver’s license, access to reliable transportation, and the ability to meet Urban Homework’s driving record requirements. Please note that if the license was not issued in the state of Minnesota, you have 60 days after becoming a Minnesota resident in which to apply for your Minnesota driver’s license or permit (not applicable for new hires living out of state and working remotely).

ORGANIZATION SUMMARY:   

Urban Homeworks transforms condemned, underutilized, and neglected properties into safe, dignified rental or homeownership opportunities for low- to moderate-income—primarily BIPOC—households. Using housing as a platform to combat racial wealth gaps and create broader social change, UHW works to build community between neighbors, businesses, and contractors in South and North Minneapolis and the Frogtown Neighborhoods in St. Paul. By addressing the issues residents face inside and outside the home with community-centric care, UHW helps neighbors build the stable foundation needed to further overcome the barriers that perpetuate inequity and make their dreams a reality.

Our work, and the mindset by which we do it, is modeled after the example of brazen, unapologetic social justice left by Jesus. We seek to perpetuate the hope of Jesus in solidarity with self-determined and self-defined people and communities, leveraging housing equity as a platform for change. We invite people of all spiritual and religious beliefs, genders, orientations, abilities, cultural and class identities to join us in this fight. Black, Indigenous, and other POC are highly encouraged to get involved.  

Diversity and open expression are fundamental to the work of Urban Homeworks. We are passionate about building and sustaining an inclusive and equitable working environment where everyone can belong. Every member of our team enriches our work by exposing us to a broad range of ways to understand and engage with the world, identify challenges, and to discover, design, and deliver solutions. We welcome everyone to apply, especially those individuals who are underrepresented in our sector: individuals who identify as BIPOC, LGBTQI+ and gender fluid or gender nonconforming, individuals with disabilities (both seen and unseen), veterans, people of any age or family status. We encourage you to apply even if you feel like you don’t fit 100% of the technical requirements.  

Equal Opportunity Employer: All qualified applicants will receive consideration for employment without regard to age, race, color, religion, disability, marital status, national origin, sex, gender identity, sexual orientation, familial status, genetic information or a protected veteran’s status.

Our organization has a partnership with Metropolitan Alliance of Connected Communities (MACC) to provide administrative services including management of the recruiting process. If you apply for this position, you may see references to MACC in some online materials. You may also be contacted by a MACC employee to conduct or schedule an interview.