PROGRAM MANAGER III (052857)
Team Leader-MF Loans HDP
Recruitment #15-005478-0024
Department | DHCD - Div of Dev Finance - Housing Dev Program |
---|---|
Date Opened | 7/22/2015 10:19:00 AM |
Filing Deadline | 8/6/2015 11:59:00 PM |
Salary | $60,543 - $88,424/year |
Employment Type |
Full-Time
|
HR Analyst | Alicia Townsend |
Work Location |
Prince George's
|
Introduction
This is a permanent Management Service position w/State of Maryland Benefits.
Work that Matters. The Maryland Department of Housing and Community Development (DHCD) is a national leader in the financing of affordable housing and revitalizing communities. This is an opportunity to join this nationally-recognized, award-winning organization and apply your skills to this high public purpose and challenging area. Annually, DHCD finances approximately 2,700 units of multifamily rental housing in 40 properties, amounting to $350 million in construction and permanent financing. Funding comes from a variety of sources, including state-appropriated funds, taxable and tax-exempt revenue bonds, federal low income housing tax credits, federal HOME funds and other federal funds. Additionally, DHCD administers rental assistance programs and innovative initiatives designed to expand affordable housing opportunities for persons with disabilities, increase the energy efficiency and sustainability of affordable multifamily developments, and preserve rental housing.
GRADE
21
DBM Salary guidelines apply for current State employees.
LOCATION OF POSITION
7800 Harkins Rd Lanham, MD 20706
DHCD's Headquarters Office is located in Prince George's County at the New Carrollton Metro stop.
POSITION DUTIES
DHCD has an immediate opening for an experienced multifamily real estate development professional to work as a full-time Team Leader for its Multifamily Rental Housing Programs. The position is located within the Community Development Administration. The position is one of three Team leader positions with joint responsibility for the underwriting and origination of loans and grants under all Multifamily Housing programs, including Low Income Housing Tax Credits, Rental Housing funds, Partnership Rental Housing Program, Multifamily Bond Program, and Emergency Shelter and Transitional Housing Grant Program. These loans are made for projects which utilize other private and public funding. The projects generally consist of multiple sources of financing; including federal Low Income Housing Tax Credits, high risk factors; complex or unique financing structures; variable rate financing; and combinations of taxable and tax-exempt bond issues. The duties include managing the underwriting and construction review through initial closing for all projects. The position will directly supervise 2-3 underwriters and a Construction Administrator, who supervises construction management staff. The position reports to the Deputy Director for Multifamily Housing Development.
The responsibilities generally involve making decisions concerning financial transactions for DHCD loans from $500,000 to over $10,000,000. The position is responsible for: (1) supervising and providing training opportunities for the underwriting and construction staff in the unit; (2) ensuring that loans assigned to the team are analyzed, underwritten, and processed in accordance with departmental laws, regulations, guidelines, handbooks and policy, including timeliness; (3) underwriting and closing complex multifamily bond financings and tax credit transaction; and (4) participating as a member of the HDP management group.
Working with the members of the management staff, the position will be responsible for: (1) managing the underwriting and construction review of State and federally funded loans originated by HDP; (2) developing underwriting standards and ensuring consistent and professional application of these standards; and (3) training the multifamily underwriting and loan processing staff. The person in the position must be able to handle multiple competing priorities under short timeframes. The ability to understand, direct, and analyze complex real estate transaction from application through construction start and lease-up, as well as to synthesize complex material into short, understandable memos and presentations is critical. Presentations before the Housing Finance Review Committee and the Board of Public Works are routine aspects of the position.
MINIMUM QUALIFICATIONS
Please read carefully. Minimum Qualifications are REQUIRED. Please read carefully.
Education: A Bachelor’s degree from an accredited college or university.
Experience: Five years of professional experience in multifamily lending or development in either the public or private sector. Two years of this experience must have involved affordable housing lending or development, including experience with the Federal Low Income Housing Tax Credit program. Ability to demonstrate experience supervising staff, overseeing and coordinating the general operations of a unit, including responsibility for timely closing of loans or similar complex tasks, applying rules and regulations, and exercising responsibility for the development of policies or procedures.
Notes:
1) Additional experience in multifamily lending or development may be substituted on a year-for-year basis for the required education.
2) Additional graduate level education from an accredited college or university may be substituted at the rate of 30 semester credit hours on a year- to -year basis for the required general experience.
DESIRED OR PREFERRED QUALIFICATIONS
Preference will be given to those with demonstrated experience managing a multifamily rental housing development project from concept through construction to initial occupancy, including familiarity with the following programs:
o Federal Low-Income Housing Tax Credit or related federal investment tax credit programs;
o affordable rental housing preservation programs;
o FHA-insured multifamily housing insurance programs;
o taxable and tax-exempt bond financing programs;
o energy efficiency programs for affordable multifamily housing; and
o disability or supportive housing.
Successful applicants will be able to work under tight timeframes, balance multiple competing demands, and effectively oversee and direct the work of professional staff.
SELECTION PROCESS
EXAMINATION PROCESS
BENEFITS
FURTHER INSTRUCTIONS
Online applications are STRONGLY preferred. However, if you wish to submit a paper application, you may mail your application and materials to:
Alicia Townsend, Department of Housing & Community Development
Office Human Resources, 7800 Harkins Road Lanham, MD 20706.
All application materials must be received by the filing deadline. If you are unable to upload your transcripts into the system, please send via email to ohr.dhcd@maryland.gov. Please include the following information in the body of the email:
Attn: Alicia Townsend, Recruitment Manager
Your First and Last name
Last 4 of SS#
Recruitment #
Classification (Job Title) of Recruitment
Incorrect application forms, or resumes in place of the application, will not be accepted. If you are interested in the position and cannot apply online please fill out the revised paper application which can be found on JobAps.
TTY Users: call via Maryland Relay
We thank our Veterans for their service to our country, and encourage them to apply. As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.