JOB
DEVELOPMENT OFFICER
FINANCE AND DEVELOPMENT UNIT
HOUSING DEVELOPMENT AND PRESERVATION DIVISION
$90,984.92 - $127,379.31 Annually (DOQ)
REGULAR POSITION
Initial salary placement is generally made between the start and mid-point of the posted range. New hires are not eligible to start at the maximum of the posted range.
LACDA OverviewThe Los Angeles County Development Authority (LACDA) is a dynamic, innovative agency created in 1982 by the Board of Supervisors. The LACDA’s core pillars include housing and community development programs that benefit the unincorporated Los Angeles County areas and various incorporated cities that participate in LACDA programs. Funded primarily with federal grants, the LACDA is an industry leader in sponsoring new solutions to housing and forming partnerships with private and public agencies. To find out more about the LACDA, please visit our web site at www.lacda.org.
Division Overview
The Housing Development and Preservation Division (HDP) administers federal, state, and local funds that are made available to for-profit and non-profit housing developers for the development and preservation of affordable and special needs housing. Additionally, it supports low- and moderate-income homeownership, single and multifamily home rehabilitation and sound mitigation, and various community and economic development projects and initiatives.
Position Overview
Under general direction, the Development Officer performs a variety of professional administrative, technical, and analytical duties in support of the Finance and Development unit within HDP. The Development Officer is responsible for managing LACDA’s loans and other interests on multiple affordable housing projects from project conception through completion. This position underwrites acquisition, predevelopment, construction, and permanent public loans; conducts feasibility analysis; negotiates loan terms and conditions; reviews and monitors the loan development and construction process; provides technical assistance to LACDA’s borrowers; may administer RFP's; and performs related duties, as assigned.
EXAMPLE OF DUTIES The below statements are intended to describe the general nature and scope of work performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required. Management reserves the right to add, modify, change, or rescind the work assignments of different position sand to make reasonable accommodations so that qualified employees can perform the essential functions of the job.
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Performs a variety of responsible and complex administrative, technical, and analytical duties in support of development projects awarded through the Authority’s NOFA and other solicitation processes; ensures compliance with applicable laws, policies, and guidelines, including NOFA guidelines and regulatory requirements associated with other funding sources.
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Participates in the administration of select project phases, including but not limited to predevelopment, construction loan closing, construction, project lease-up, or permanent loan conversion.
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Analyzes a variety of loan documents, verifications, and financial proformas necessary for loan approval; performs loan underwriting and review of due diligence items, ensuring compliance with Authority requirements.
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Verifies and reviews forms and reports for completeness and conformance with established regulations and procedures; applies Authority, departmental, and program policies and procedures in determining completeness of applications, records, and files.
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Interprets and applies Authority, division, and departmental policies, procedures, and regulations related to assigned area of responsibility; ensures program and project activities comply with legal and regulatory requirements.
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Serves as a liaison with developers, lenders, contractors, vendors, project managers, other agencies, and Authority staff to obtain and relay information and to coordinate activities among stakeholders.
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Prepares and processes various documents requiring professional knowledge of the Authority and division’s functions, which may include contracts, agreements, legal/official documents, applications, correspondence, and periodic reports.
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Assists in negotiating, collaborating, and conferring with developers, contractors, consultants, lenders, and other stakeholders involved in project execution.
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Collaborates with third party investors, lenders, and asset managers on each project; assists with coordinating project financing functions with multiple stakeholders.
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Prepares, composes, and edits a variety of written communications including reports, correspondence, legal documents, contracts, agreements, Requests for Proposals, tax credit and loan applications, Loan Committee reports, and financial documents related to assigned responsibilities; reviews documents for accuracy, completeness, and conformance to applicable standards and regulations prior to approval by management
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Conducts research, analyzes information, and prepares comprehensive reports on topics related to assigned projects and programs.
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Attends and participates in professional group meetings and stays abreast of new trends and innovations in the fields of real estate development and affordable housing.
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Organizes, coordinates, maintains, and updates departmental record systems; enters and updates information with departmental activity, files, and report summaries; retrieves information from systems as required.
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Performs other related duties as assigned.
SUPPLEMENTAL INFORMATION
Equal Opportunity
The LACDA is an equal opportunity employer committed to valuing diversity in the workforce and fostering an inclusive workplace for all employees.
Reasonable Accommodation
If you are an individual with a disability and need to request reasonable accommodations under the Americans with Disabilities Act (ADA), please call the LACDA, Human Resources at (626) 586-1687 or via email at [email protected].
Application Process
To be considered, all applicants are required to apply online by the filing deadline. Applications will be reviewed for possession of minimum qualifications and evaluated according to the essential functions of the job. In the Work Experience section of the application, applicants must demonstrate their experience by providing a clear description of the work performed as it relates to the position. Each job held must include the dates of employment, name and address of the employer, position title, hours per week, and supervisor. Please note resumes will not be reviewed to determine qualifications.
Supplemental questions are considered a part of the application process and must be carefully answered. All required questions must be completed before the application can be submitted. The supplemental questions will be used to evaluate the applicant's education, training, and experience.
Education Verification
To receive credit for required education, applicants must attach a copy of their diploma, degree, or official/unofficial transcripts. Please note foreign degrees (or degrees completed outside of the United States) require an evaluation of U.S. equivalency conducted by a credential evaluation service such as The National Association of Credential Evaluation Services (NACES)or the Association of International Credential Evaluators, Inc. (AICE).
Please include three (3) professional references in the "Reference" section of your application.
Failure to comply with this application process may result in disqualification.
Screening and Selection Process
Following the review of application materials, the most qualified candidates will be contacted via email and text messaging, if elected, for an assessment test and/or interview. Please check the email account provided on the application for important communications regarding the status of your application and/or next steps.
Part-time experience will be evaluated on the basis of its fractional equivalent of a 40- hour workweek. All required experience must be paid.
Salary Compensation
Salary compensation is determined based on qualifications, which include experience, education, knowledge, skills, and abilities. Initial salary placement typically falls between the start and mid-point of the posted range. Promotional hires receive a standard promotional increase. New hires cannot start at the maximum of the posted range. Upon employment, regular full-time employees become eligible for annual merit-based salary increases contingent upon their performance ratings, provided there is room within the established salary range.
Conditions of Employment
Candidates selected from the process will receive an offer of employment contingent upon the successful completion of satisfactory reference checks, a post-offer medical examination, a criminal background check, and a driving record check. Background and driving record check information will be considered in determining the applicant's suitability for the position.
Possession of a valid California Driver’s License to be maintained throughout employment or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions.
Failure to meet these pre-employment requirements will be grounds for withdrawal of the conditional offer of employment.
Proof of authorization to work in the United States will be required at the time of hire.
Employment with the LACDA is at-will and may be terminated at any time with or without cause.
DEADLINE: June 30, 2026, at 11:59 PM
APPLY IMMEDIATELY, THE POSITION MAY CLOSE WITHOUT PRIOR NOTICE.
RECRUITMENT NUMBER: 26016
