Seeking Real Estate Asset Manager or Asset Management Coordinator
Summer/Fall 2025
Housing Corporation of Arlington (HCA) is a 39-year old nonprofit community development corporation with a mission to provide affordable, stable housing and empower residents in order to build a more supportive and equitable community.
Our work is carried out by six full-time employees who support each other within a collegial environment that respects work-life balance. We aim to be intentional in how we carry out our work in order to meet diversity, equity and inclusion values. We look forward to welcoming another person into our team and benefiting from their unique energy and perspective.
HCA owns and operates a growing portfolio of 149 affordable rental housing units in Arlington, provides social services for our tenants and other low-income families to help them remain stable and housed, and engages HCA tenants and others in Arlington, in order to bring low-income families’ voice and influence to issues they care about.
HCA’s portfolio includes a 32-unit Low Income Housing Tax Credit (LIHTC) property purchased and renovated in 2012, a 48-unit new construction LIHTC project completed in 2022, and 69 units of scattered site properties ranging from 2 to 9 units. HCA’s portfolio is managed by a third-party property management firm, with HCA staff oversight. HCA also maintains a strong working relationship with the Town of Arlington.
HCA is growing. We are poised to acquire 59 residential units in fall 2025. Our 43-unit affordable Passive House development at 10 Sunnyside Ave will start construction in fall 2025 with expected completion in 2027. Staff are also developing a comprehensive renovation and refinancing plan for our older properties to fund much needed capital improvements, including deep energy retrofits.
The Asset Manager or Asset Management Coordinator (AM/AMC) is a new position at HCA, providing an opportunity for the right candidate to help shape the role. For distinction: the Asset Manager role requires deeper experience and leadership. The Asset Manager Coordinator role requires strong organizational skills and a commitment to grow in the affordable housing field.
About the Position:
The AM/AMC will support the financial and physical health of HCA’s growing affordable housing portfolio and help ensure its long-term performance for generations of tenants. The AM/AMC will coordinate with HCA’s 3rd-party property management firm – and also at times with HCA’s real estate, finance, and social service staff – to support oversight of property budgets, property maintenance, lender reporting, lender and investor compliance, and capital improvement projects.
This is a full-time, exempt position. The AM/AMC will report to the Executive Director.
Responsibilities:
- Work with property management to develop annual property budgets; analyze monthly property financial statements and work with property management to address concerns.
- Monitor and ensure receipt of cash flow, fees, and incentives due to HCA from each property.
- Provide oversight to the property management firm to track and ensure follow up on maintenance work orders, vacancies and lease up/turnover, rental arrearages, and rental assistance applications.
- Help develop and oversee proper implementation of HCA property management policies.
- Serve as point person for portfolio lenders and funders and support proper reporting and oversight as per agreements with property investors and lenders, and public funding partners.
- Maintain updated schedules of portfolio loans and grants.
- Coordinate with the Real Estate Project Manager to develop long-term capital improvements plans, including strategies to reduce emissions and energy use throughout the portfolio.
- Coordinate and direct property management firm to implement selected capital improvements.
- Provide portfolio summary reports to HCA’s Executive Director, Real Estate Project Manager, Finance Committee, and at times, Board of Directors.
- Oversee annual property insurance renewals, and coordinate with property management on any real estate insurance claims for properties
- Serve as the point person for HCA’s commercial tenants. Oversee commercial lease renewals and the resolution of requests from commercial tenants (3 commercial tenants expected by 2027).
- Develop and implement a system to measure the performance of HCA’s third party property management firm.
- Support the Director of Finance on property-related accounting questions as needed, including during the annual audit process and account reconciliations.
- Coordinate with HCA’s Social Service Manager and Civic Engagement Coordinator to support stable tenancies as appropriate for HCA tenants.
- Other responsibilities as may emerge.
The Asset Manager or Coordinator will also attend the meetings of the Finance and Real Estate Committees, and support day-of implementation of organizational wide efforts with the rest of the staff, such as HCA’s annual Walk for Affordable Housing and the Annual Meeting.
Our Ideal Candidate Will Bring:
- Passion for social justice and a drive to work towards equity.
- High level of organization, ability to self-direct, and demonstrated ability to oversee and coordinate activities among multiple players.
- Ability to proactively anticipate, manage, and constructively resolve challenges.
- Strong attention to detail and commitment to excellence in work product.
- Emotional intelligence, and ability to help build a welcoming community and culture.
- Ability to communicate effectively and build trusting work relationships with people of all ethnic, racial, educational, cultural, and economic backgrounds.
- Integrity and professionalism in order to handle and protect sensitive and confidential information
- Excitement at the idea of joining a small but mighty team at a growing, beloved nonprofit!
Additional Qualifications For Asset Manager:
- At least 3 years of professional experience in affordable housing development, real estate finance, property management and/or asset management.
- Experience working in affordable housing, on LIHTC projects, including on tax credit project lease up.
- Undergraduate or graduate degree in real estate, urban planning, or related field is a plus.
- Experience and knowledge in real estate budgeting and in the accounting principles of property and asset management.
- Experience with real estate energy efficiency and decarbonization strategies.
- Experience in building construction/building systems/capital projects preferred.
- Excellent analytical and software skills, particularly with Excel.
Additional Qualifications For Asset Management Coordinator:
- 1-2 years in real estate finance, property management and/or real estate asset management; or an undergraduate or graduate degree in real estate, urban planning, or related field.
- Professional or educational experience in affordable housing preferred, specifically with LIHTC projects.
- Proficiency with Microsoft Office, particularly with Excel.
- Strong mathematical skills.
- Ability to read financial reports and statements, and prepare and manage a budget.
- Familiarity with building energy efficiency and decarbonization strategies preferred.
- Familiarity with building construction/building systems/capital projects preferred.
Work Schedule: This is a full-time position of 40 hours a week. HCA operates under a hybrid schedule, with full-time employees required to work from our East Arlington office at least 3 days per week. Very occasional evening meetings or a weekend event may be required. Employees may set their own work hours, as long as they are generally working during HCA’s core hours of Monday through Friday, 10 am – 3 pm.
Compensation:
For Asset Manager: $75,000 – $90,000, depending on experience and skills, with up to $95,000 for an exceptional candidate.
For Asset Management Coordinator: $60,000 – $75,000 annual salary depending on experience and skills.
HCA offers health insurance, sick leave, vacation time, all state and national holidays off, partial cell phone reimbursement, and retirement savings plan through the Commonwealth of Massachusetts’ CORE program.
To apply: This is a rolling process; resumes will be reviewed as they come in until the position is filled. Email both your resume and a cover letter outlining your relevant experience and why you are interested in the position to: ESchwarz@HousingCorpArlington.org
HCA strives to be a safe, inclusive workplace for people of all backgrounds. We encourage applications from people of all races, religions, national origins, gender identities, gender expressions, sexual orientations, neurotypes, and ages, as well as from veterans and people with disabilities. If you believe in HCA’s mission, and feel you have the skills for this role, please apply!