Director of Multifamily Housing Finance Programs

San Diego Housing Commission - San Diego, CA (30+ days ago)

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Applications must be submitted online for consideration

Salary: $84,697.60 - $142,833.60 annually

Type: Regular, Full Time, Full Benefits

Application Deadline: Open until filled

Class Characteristics:

Oversees, directs, and participates in all activities related to lending of funds and issuance of private activity bonds for the creation and preservation of multifamily rental housing within the City of San Diego. Short term and long term planning, development and administration of departmental policies, guidelines, procedures, and services. This class collaborates with various divisions and departments in a variety of administrative, coordinative, analytical, and liaison capacities. Successful performance of the work requires knowledge of lending and investing, financing programs, public policy, Commission functions and activities, and the ability to gain an understanding of the existing Policies and Procedures at the Commission in order to advise the organization as to potential improvements, changes, additions or deletions. Responsibilities include coordinating the activities of the department with those of other departments and outside agencies and managing and overseeing the complex and varied functions of the department. The incumbent is accountable for accomplishing departmental planning and operational goals and objectives and for furthering Commission goals and objectives within general policy guidelines.

Examples of Essential Job Functions:

  • Assumes full management responsibility for all department programs, services, and activities.
  • Develops, directs, and coordinates the implementation of goals, objectives, policies, procedures, and work standards for the department; establishes, within Commission policy, appropriate budget, service, and staffing levels.
  • Plans, develops, and manages the Housing Commission’s Multifamily Rental Housing Loan Program, Multifamily Mortgage Revenue Bond Program.
  • Asset management oversight of the Housing Commission’s Multifamily Rental Housing loan portfolio.
  • Supervises, directs and evaluates direct reports, processing employee concerns and problems, directing work, counseling, disciplining, and completing employee performance appraisals.
  • Coordinates daily work activities of assigned unit/staff; organizes, prioritizes, and assigns work; monitors status of work in progress and inspects completed work’ consults with assigned staff, assists with complex/problems situations, and provides technical expertise and guidance to staff members in the resolution of issues.
  • Performs project feasibility analysis for multifamily projects
  • Perform project eligibility analysis through evaluation of development projects and qualifications of development team including; developers, management agents, general contractors , and other key participants
  • Collect and analyze the financial and credit information of the various project participants from available public and private financing sources to determine ability to meet the financial requirements of proposed project
  • Negotiates loan deal terms and structures financial underwriting of multifamily transactions; responsible for underwriting, feasibility evaluations, and maximizing and leveraging resources; oversees the closing of deals.
  • Builds and maintains relationships and networks with developments partners, project stakeholders, and the general public; advocates agency goals and policies and various public settings.
  • Manages and participates in the development and administration of the department’s annual budget; directs the forecast of additional funds needed for staffing, equipment, materials, and supplies; directs the monitoring of and approves expenditures; directs and implements adjustments as necessary.
  • Selects, trains, motivates, and directs department personnel; evaluates and reviews work for acceptability and conformance with department standards, including program and project priorities; works with employees on performance issues; implements discipline and termination procedures; responds to staff questions and concerns.
  • Contributes to the overall quality of the department’s service by developing, reviewing, and implementing policies and procedures to meet legal requirements and Commission needs; continuously monitors and evaluates the efficiency and effectiveness of service delivery methods and procedures; assesses and monitors the distribution of work, support systems, and internal reporting relationships; identifies opportunities for improvement; directs the implementation of change.
  • Conducts a variety of departmental, organizational, and operational studies and investigations; recommends modifications to programs, policies and procedures as appropriate.
  • Oversees the development of consultant requests for proposals for professional services and the advertising and bid processes; evaluates proposals and recommends project award; coordinates with legal counsel to determine Commission needs and requirements for contractual services; negotiates contracts and agreements and administers same after award.
  • Represents the department to other Commission departments, elected officials, and outside agencies; explains and interprets departmental programs, policies, and activities; negotiates and resolves significant and controversial issues.Participates in and makes presentations to the Housing Authority, Housing Commission, and a variety of boards and commissions; attends and participates in professional group meetings; stays abreast of new trends and innovations in the fields of HUD and other federal, state and local regulations pertaining to department operations.
  • Maintains and directs the maintenance of working and official departmental files.
  • Monitors changes in laws, regulations, and technology that may affect Commission or departmental operations; implements policy and procedural changes as required.
  • Responds to difficult and sensitive public inquiries and complaints and assists with resolutions and alternative recommendations.
  • Performs other duties as assigned.


Knowledge of:

  • Loan structuring, underwriting, and closing affordable housing transactions
  • Financial modeling, pro forma analysis, investor underwriting, cost estimating, and analysis of affordable housing resources.
  • Advanced principles and practices of Federal, State, and local housing programs including but not limited to: Low Income Housing Tax Credits, Private Activity Bonds, HOME, CDBG, State of California Department of Housing and Community Development, CalHFA, FHLB.
  • Completing funding applications for affordable housing funding sources including low income housing tax credits, tax-exempt bonds, grants, and soft loans.
  • Principles, practices, and procedures of funding sources and grant funds disbursement.
  • Business practices of tax credit investors and affordable housing lenders, including soliciting debt and equity proposals for LIHTC projects.
  • Capacity to manage multiple projects simultaneously and the ability to work independently.
  • Project and/or program management, analytical processes, and report preparation techniques.
  • Project management of all stages of affordable housing development from predevelopment through construction and lease up.
  • Administrative principles and practices, including goal setting, program development, implementation, and evaluation, and supervision of staff, either directly or through subordinate levels of supervision.
  • Budget development, contract administration, Commission-wide administrative practices, and general principles of risk management related to the functions of the assigned area.
  • Organizational and management practices as applied to the analysis and evaluation of projects, programs, policies, procedures, and operational needs.
  • Applicable Federal, State, and local laws, regulatory codes, ordinances, and procedures relevant to assigned area of responsibility.
  • Principles and practices of employee supervision, including work planning, assignment, review and evaluation, and the training of staff in work procedures.
  • Methods and techniques for the development of presentations, business correspondence, and information distribution.
  • Research and reporting methods, techniques, and procedures.
  • Record keeping principles and procedures.
  • Modern office practices, methods, and computer equipment and applications related to the work.
  • Prepare clear and concise reports, correspondence, policies, procedures, and other written materials.
  • Interpret, apply, explain, and ensure compliance with applicable Federal, State, and local policies, procedures, laws, and regulations.
  • Effectively represent the Commission in meetings with government agencies, community groups, and various businesses, professional, and regulatory organizations, and in meetings with individuals.
  • Techniques for effectively representing the Commission in contacts with governmental agencies, community groups, and various business, professional, educational, regulatory, and legislative organizations.
  • Techniques for providing a high level of customer service by effectively dealing with the public, vendors, contractors, and Commission staff.

Ability to:

  • Develop and implement goals, objectives, policies, procedures, work standards, and internal controls for the department and assigned program areas.
  • Provide administrative and professional leadership and direction for the department and the Commission.
  • Prepare and administer large and complex budgets; allocate limited resources in a cost effective manner.
  • Interpret, apply, and ensure compliance with federal, state, and local policies, procedures, laws, and regulations.
  • Plan, organize, direct, and coordinate the work of management, supervisory, professional, and technical personnel; delegate authority and responsibility.
  • Analyze and interpret financial statements.
  • Select, motivate, and evaluate the work of staff and train staff in work procedures.
  • Research, analyze, and evaluate new service delivery methods, procedures, and techniques.
  • Effectively administer special projects with contractual agreements and ensure compliance with stipulations; effectively administer a variety of asset management programs and administrative activities.
  • Conduct effective negotiations and effectively represent the Commission and the department in meetings with governmental agencies, contractors, vendors, and various businesses, professional, regulatory, and legislative organizations.
  • Prepare clear and concise reports, correspondence, policies, procedures, and other written materials.
  • Conduct complex research projects, evaluate alternatives, make sound recommendations, and prepare effective technical staff reports.
  • Establish and maintain a variety of filing, record-keeping, and tracking systems.
  • Organize and prioritize a variety of projects and multiple tasks in an effective and timely manner; organize own work, set priorities, and meet critical time deadlines.
  • Operate modern office equipment including computer equipment and specialized software applications programs.
  • Use English effectively to communicate in person, over the telephone, and in writing.
  • Use tact, initiative, prudence, and independent judgment within general policy, procedural, and legal guidelines.
  • Establish, maintain, and foster positive and harmonious working relationships with those contacted in the course of work.

Education & Experience:

  • Bachelor’s degree in Finance, Business, Real Estate, or Related program.
  • 7+ yrs. of experience in affordable housing real estate development financial structuring including 2+ years in a supervisory or management capacity
  • Experience working for a tax credit investor, bank, or community lending institution.
  • Experience working for an affordable housing developer or Housing Agency.
  • Acquisition/Rehab, new construction and supportive housing experience highly desirable.
  • Proven ability to work effectively with low‐income, diverse, multi‐ethnic populations.
  • Excellent interpersonal and business communication skills, both written and verbal.

Licenses and Certifications:

Possession of, or ability to obtain, a valid California Driver’s License by time of appointment.

Physical Demands:

Must possess mobility to work in a standard office setting and use standard office equipment, including a computer; to operate a motor vehicle and to visit various Commission and meeting sites; vision to read printed materials and a computer screen; and hearing and speech to communicate in person, before groups, and over the telephone. This is primarily a sedentary office classification although standing in work areas and walking between work areas may be required. Finger dexterity is needed to access, enter, and retrieve data using a computer keyboard or calculator and to operate standard office equipment. Positions in this classification occasionally bend, stoop, kneel, reach, push, and pull drawers open and closed to retrieve and file information. Employees must possess the ability to lift, carry, push, and pull materials and objects weighing up to 25 pounds.

Environmental Elements:

Employees work in an office environment with moderate noise levels, controlled temperature conditions, and no direct exposure to hazardous physical substances. Employees may interact with upset staff and/or public and private representatives in interpreting and enforcing departmental policies and procedures.

Job Type: Full-time

Salary: $84,697.60 to $142,833.60 /year


  • Finance: 1 year
  • Accounting: 1 year


  • Bachelor's