ASSET MANAGER

Overview

Urban Edge seeks to hire an Asset Manager. Urban Edge is one of the largest not-for-profit community development corporations (CDCs) in Massachusetts. We are at the intersection of Boston’s Latin Quarter and its historic African American neighborhood, in the heart of Jackson Square, where Jamaica Plain and Roxbury meet. We aim to foster diverse urban neighborhoods of choice populated by resilient families and sustained by dynamic webs of community relationships.

To achieve this goal, we build quality, affordable housing for low- and moderate-income households, advise hardworking families on homeowner services and offer financial education. We organize neighbors to become leaders of community change.

Urban Edge currently has an operating budget of over $8.5 million and employs a staff of over 35 people. We have developed nearly 1,600 units of affordable housing and currently maintain a portfolio of 1,500 units. Residents of our housing and our community are diverse and multilingual. In 2024, we served more than 2,500 families.

In late October of 2025, Urban Edge and our neighbors at Nuestra Comunidad (Nuestra) announced a merger. For the next two years, both organizations will retain their distinct identities as CDCs. Urban Edge will begin to introduce new programs and services to expand support for Nuestra residents, aligned with the missions of both organizations to strengthen communities and families, and to advance neighborhood revitalization, self-sufficiency, and inclusive prosperity.

Over time, Urban Edge will invest in Nuestra’s housing portfolio to stabilize the properties and secure the long-term sustainability of these essential community assets. Together, we will strengthen operations and services for the more than 800 families in Nuestra housing; grow our collective portfolio to over 2,500 affordable homes; and increase our financial capacity to reinvest in existing properties and enhance portfolio quality.

Urban Edge has a robust asset management program, led by our Director of Asset Management, which includes oversight of our professional property management company, and tracking property operations and performance benchmarks to facilitate long term sustainability. Urban Edge will take over the asset management of Nuestra’s properties in the coming year, with additional support from Opportunity Communities (Opp Co). Both portfolios will continue to receive professional property management services from Winn Management.

Urban Edge’s Director of Asset Management will oversee the management of Nuestra’s current portfolio. The new Asset Manager will be responsible for the financial, physical, and regulatory oversight of Urban Edge's current portfolio, under the direction of the Director of Asset Management.

We seek a dedicated person with strong analytical, financial, and communication skills. They will ensure the long-term sustainability of the properties while supporting the goals of residents and the community. The Asset Manager will monitor property performance, identify risks, recommend corrective actions, and collaborate with property management and ownership partners to optimize asset performance. They will have direct oversight of third-party property management companies, ensuring that they meet the performance standards, comply with regulatory requirements, and align with Urban Edge’s strategic objectives.

Key Responsibilities of the Asset Manager

• The Asset Manager will assume the following responsibilities for the current Urban Edge portfolio and support the Director of Asset Management as required:
• Financial Oversight:
  Monitor property operating performance, cash flow, debt service coverage, and replacement reserves across the portfolio.
• Conduct monthly and quarterly financial reviews, variance analyses, and prepare asset management reports.
• Support budgeting, reforecasting, and long-term capital planning.
• Regulatory & Compliance:
  Ensure compliance with LIHTC, HUD, MHFA, and other regulatory/financing requirements.
• Review annual audits and compliance filings, and work with external partners (investors,…