Portfolio Preservation Manager (Housing Development)

Organization Background Aeon is a nonprofit developer, owner, and manager of affordable communities in the Twin Cities. For 40 years, we have been at the forefront of creating housing that goes beyond shelter. Our housing serves as a platform for resilience, opportunity, and lasting impact. With a portfolio of almost 5,000 apartment homes, Aeon provides stability for thousands of residents each year. We focus on bold, forward-thinking solutions that address the need for affordable housing. Through innovation, collaboration, and an unyielding commitment to community, we help create opportunities for residents to build stronger, more sustainable futures. Join a mission-driven team that is shaping the future of affordable housing and making a lasting impact. Learn more at www.aeon.org . Position Summary Aeon is seeking a Portfolio Preservation Manager to lead strategies that strengthen and extend the impact of its existing affordable housing portfolio. This is a critical role on Aeon's Housing Development team, responsible for ensuring the ongoing viability, regulatory compliance, and financial performance of Aeon's housing assets. The Portfolio Preservation Manager will work across Aeon departments, and with public agencies, lenders, and investors, to identify and execute opportunities for asset repositioning, recapitalization, refinancing, and reinvestment that strengthen portfolio performance and sustain long-term impact. This position reports to Aeon's Executive Vice President of Housing Development. Key responsibilities may include, but are not limited to: Financial Strategy & Capital Structuring Analyze asset performance, capital needs, and long-term financial sustainability. Collaborate with Housing Development team to structure refinancing and preservation transactions. Evaluate capital improvement needs and align funding strategies to support reinvestment. Lead underwriting and financial modeling for preservation and repositioning efforts. Lead or support efforts to secure funding, including preparing applications and working with funding partners. Portfolio Strategy & Preservation Planning Identify opportunities for recapitalization, refinancing, and long-term affordability extensions. Review regulatory agreements, affordability restrictions, and expiration timelines. Develop preservation plans to ensure long-term financial and physical viability of properties. Skills and Qualifications: The ideal candidate brings a proactive, solutions-oriented approach to navigating complex financial and regulatory challenges. A commitment to collaboration, equity, and meaningful community impact is essential. Qualifications include: Experience in affordable housing finance, asset management, lending, syndication, or government housing programs Strong understanding of LIHTC, HUD programs, bond financing, and other affordable housing subsidy structures Experience analyzing financial performance, underwriting deals, or managing housing portfolios Ability to interpret regulatory agreements, compliance requirements, and affordability restrictions Strong analytical and financial modeling skills Experience working with multiple stakeholders, including public agencies, lenders, and investors Strong communication skills and ability to translate complex financial and regulatory information clearly Commitment to equitable development and preserving long-term affordable housing Ability to engage in culturally responsive communication and work effectively with people from a wide range of backgrounds. A valid driver's license, vehicle insurance, and regular access to a reliable vehicle are required. Physical Requirements Ability to remain in stationary position for extended periods while working at a computer and attending meetings. Ability to operate standard office equipment, including computers, phones, and printers. Ability to move about the office to access files, meeting spaces, and office equipment. Ability to reach above and below shoulder height to access file cabinets, storage areas, and office supplies. Ability to lift and carry materials up to 15 pounds on an occasional basis, such as meeting materials or event supplies. Ability to regularly tour existing and prospective properties, and active construction sites, including walking units, common areas, and grounds, navigating uneven terrain, climbing stairs, and working in outdoor weather conditions. Ability to communicate clearly and effectively, both verbally and in writing, in person and through virtual platforms. Ability to work in environments with moderate noise levels, including shared office spaces, meetings, and event settings. The physical requirements described above represent the essential functions of the job and may be performed with or without reasonable accommodations. Compensation, Hours and Location This position has a range of pay of $105,000–$135,000 per year, depending on experience and skillset. Aeon offers a comprehensive benefits package that includes medical, dental, vision, life insurance, long-term disability, retirement plan, generous paid time off, and an employee assistance program. This full-time position generally follows a Monday–Friday schedule, typically 8:30 a.m.–5:00 p.m., requiring occasional evenings, early mornings, or other hours to accommodate special events, and key organizational priorities. This is a hybrid position based out of Aeon's Central Office in the North Loop of Minneapolis, with regular on-site visits to current, future, and potential Aeon properties, as well as other community locations. In-person work is typically expected on Tuesdays and Wednesdays. On remote workdays, the employee must be available to travel for scheduled or urgent on-site visits, trainings, and meetings. Candidates must either currently reside in or plan to relocate to the Twin Cities metro area prior to a start date. If you are interested in applying for this position, please visit: https://aeonmn.applicantpro.com/jobs/4073689 Position is open until filled. Aeon values a diverse work environment. People of color, individuals with disabilities, members of the LGBTQ+ community, and people from other underrepresented communities are strongly encouraged to apply. Aeon is an Equal Opportunity / Affirmative Action Employer Employees and residents are encouraged to apply.