Development Specialist III (49 views)

Alhambra, CA
July 26, 2017 2017-09-24
Job Description

As part of the Economic and Housing Development Division, the Affordable Housing Project Manager – Development Specialist III works as a member of the Housing Development Unit and, under the general guidance of a supervisor, will be responsible for performing specialized and complex assignments in underwriting affordable housing financing and overseeing projects through construction and permanent conversion. This position requires the use of independent judgment and problem solving techniques and requires experience with affordable housing financing and supportive services, as well as various program regulations and procedures. This position requires a highly organized self-starter with a high energy level, sound judgment and discretion, and the ability to communicate effectively with developers, businesses, residents, County staff and other community stakeholders. In addition, this position may be required to have program management responsibilities over a program/project area.

Under general supervision:

  • Performs reviews and analyses of affordable housing loan applications.
  • Underwrites acquisition, predevelopment, construction and permanent public loans; prepares development and loan agreements and ancillary and collateral documents; and negotiates with developers.
  • Ensures compliance with financial, design and services conditions of loan approval.
  • Provides support for County homelessness and affordable housing initiatives.
  • Evaluates and monitors supportive services provided by housing developers and service agencies to ensure integration of services with permanent and transitional housing.
  • Performs a wide variety of activities related to policy analysis and research including designing, implementing, coordinating, evaluating, reporting and monitoring on Commission programs and objectives for the purpose of the creation of new and preservation of existing affordable and special needs/homeless housing.
  • Interprets County, state and federal policies and regulations; and converts to policies and procedures.
  • Provides technical assistance and guidance to cities, County departments and community-based organizations.
  • Prepares timely, complete, accurate and concise written technical documents, including the preparation of reports for Board deliberation and approval.
  • Performs a variety of administrative duties including: preparing project budgets; disseminating Notices of Funding Availability and Requests for Proposals or Qualifications; evaluating applications submitted and performing other procurement tasks; and other duties as assigned.

JOB COMPETENCIES

  • General understanding of public lending requirements, workflow, and timing in the administration of local, state, and federal funds, especially as it applies to the leveraging of other public funding sources.
  • Experience with rules, regulations, and practices governing affordable multi-family housing development, acquisition/rehabilitation, and other housing-related activities.
  • Financial analytical skills with an understanding of affordable multi-family housing finance; various federal, state and local funding sources, including low-income tax credits and bond financing; and experience with development and operating budgets.
  • General knowledge of the issues and evolving best practices related to the development and operation of permanent supportive housing for homeless and special needs populations, including supportive services; property management; coordinated entry systems; rental subsidies; and local, state and federal homeless programs.
  • Highly developed written and oral communication skills, including the preparation of reports, briefing papers, and correspondence.
  • Excellent organizational, coordination, problem solving and time management skills, including the planning and managing of multiple projects.
  • Experience with affordable housing financing, with a knowledge of federal and state tax credits.
  • Ability to be proactive and capable of resolving problems expeditiously.
  • Interpersonal skills to establish and maintain cooperative-working relationships with colleagues at all levels.
  • Minimum Selection Requirements
    • Must have a four-year college or university degree in Public Administration, Business Administration, Urban Planning, Real Estate Development, or a related field. A Master’s degree in one of these fields may substitute for one year of experience.
    • Must have two (2) years of responsible professional staff experience in affordable housing development and administration.
    • Must have a high-level of proficiency using Microsoft Office Suite.

    Desirable Qualifications

    • Master degree in Public Administration, Business Administration, Urban Planning, Real Estate Development, or a related field.
    • Experience in affordable housing underwriting and lending.
    • Experience working in the public sector.