FINANCE AND DEVELOPMENT PROJECT MANAGER

Full time
Locationlacounty Calendar05/19/2020   Full time
Imagine yourself working for a dynamic and innovative County agency with a high-profile role as a core participant in Los Angeles County's broad-ranging efforts to address the region's affordable housing and homelessness crises. The Los Angeles County Development Authority (LACDA) administers federal, state, and local funds that are made available to for-profit and nonprofit housing developers for the development and preservation of affordable and special needs housing. The LACDA also administers federal and local funds to support low- and moderate-income homeownership, single and multifamily home rehabilitation and sound mitigation, and various community and economic development projects and initiatives.    The agency works hand-in-hand with multiple Los Angeles County departments and other cities in Los Angeles County in ongoing coordination across a wide range of development initiatives.  Funded primarily with federal grants, the LACDA prides itself on sponsoring new solutions to local issues and forming partnerships with private and public agencies. To learn more about the agency's work in support of its mission to Build Better Lives and Better Neighborhoods, please visit www.lacda.org.
 
DESCRIPTION OF POSITION
 
As part of the Housing Investment & Finance Division, the Finance and Development Project Manager – Development Specialist IV works as a member of the Finance & Development Unit and, with limited supervision, will be responsible for performing specialized and complex assignments in evaluating and underwriting affordable housing projects and financing and overseeing those projects through construction and permanent conversion. This position requires the use of independent judgment and problem solving techniques and requires considerable knowledge of affordable housing financing, as well as various program regulations and procedures. This position requires a highly organized self-starter with a high energy level, sound judgement and discretion, and the ability to communicate effectively with co-workers, 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 and have mentoring responsibilities over staff.

 

Essential Job 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. Other duties may be assigned.
 
Under limited supervision:
  • Evaluates and performs reviews and analyses of affordable housing loan applications and funding strategies.
  • 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 supportive services conditions of loan approval.
  • Provides support for County homelessness and affordable housing initiatives.
  • Monitors supportive services provided by housing developers and service agencies to ensure integration of services with funded projects.
  • Performs a wide variety of activities related to policy analysis and research including designing, implementing, coordinating, evaluating, reporting and monitoring of LACDA 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 reports for Board deliberation and approval.
  • Maintains and tracks project budgets and expenditure of funds.
  • Performs a variety of administrative duties including: disseminating Notices of Funding Availability and/or Requests for Proposals or Qualifications, evaluating applications for financing, and performing other procurement tasks, and other duties as assigned.
 
CORE COMPETENCIES
  • Comprehensive 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.
  • Expertise with rules, regulations, and practices governing affordable multifamily housing development, acquisition/rehabilitation, and other housing-related activities.
  • Financial analytical skills with an in-depth understanding of affordable multifamily housing finance; various federal, state and local funding sources, including Low-Income Housing Tax Credits and bond financing; experience with development and operating budgets; and the ability to negotiate with housing developers and investors.
  • Extensive 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 finance, with a solid knowledge of federal and state tax credits.
  • Ability to be proactive and capable of resolving complex problems expeditiously.
  • Interpersonal skills to establish and maintain cooperative working relationships with colleagues at all levels.

 

Qualifications

 

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.
  • Must have five (5) years of progressively responsible professional staff experience in affordable housing development and administration.
  • Must have a high-level of proficiency using Microsoft Office suite.
 
Desirable Qualifications
  • Master's 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.
  • Experience with affordable housing financing and supportive services.
  • Experience with public and private development financing and local, state, and federal housing programs.

 

Additional Information

 

To be considered, all qualified applicants are encouraged to apply online at http://www.lacda.org. In the Work Experience section of your online application clearly describe your experience as it relates to the qualifications. Failure to provide this information may result in eliminating your application from further consideration.
 
Please include a resume and cover letter with your application but note that a resume cannot be substituted for any section of the online application and/or supplemental application. If your application is incomplete, it may be rejected at any stage of the examination process. Work experience must be supported by the experience in your application. "See resume" is not an acceptable answer.
 
To receive credit for a four-year college or university degree or Master's degree, you must attach the following to the application at the time of filing:
  • Copy of College or University Degree or official transcripts that indicate graduation.

Human Resources staff will notify all applicants of their application status via email. You are responsible for monitoring correspondence from this office by checking your email account in a timely manner.

Successful applicants must possess a valid California Driver's License and an acceptable driving record, complete background investigation, Live Scan fingerprint search, pre-employment physical and drug screening prior to appointment.
 
Those applicants whose qualifications most closely meet the needs of the position will be invited for the examination process. 

 
DEADLINE:  OPEN UNTIL FILLED.  APPLY IMMEDIATELY, POSITION MAY CLOSE WITHOUT PRIOR NOTICE.
 
RECRUITMENT NUMBER: 20005

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