Housing/community Developer V - Associate Director Real Estate Finance

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Job Announcement
The Department of Housing and Community Development (HCD) is looking for a results-oriented, motivated self-starter to become Associate Director for the Real Estate Finance team. This senior manager will be responsible to oversee and manage the complex real estate financing that helps to make affordable housing a reality in Fairfax County. Leads the team in developing, managing, and closing complex financial transactions involving low income housing tax credits and tax exempt bonds. Collaborates with internal and external customers, including senior management and third-party clients. Develops marketing plans for HCD's financing programs. Negotiates terms with bankers and underwriters on financing plans for housing projects and programs. Responsible for the complete operations of the branch, including structuring, underwriting and closing complex financing transactions. Responsible for implementing policies, legal and program compliance, and management of multi-million dollar loan programs and financing transactions; including but not limited to maintaining the status of the FCRHA affiliates and corporation. Provides supervision to highly skilled and specialized staff including Housing Community Developer IV's.
Illustrative Duties
(The illustrative duties listed in this specification are representative of the class but are not an all-inclusive list. A complete list of position duties and unique physical requirements can be found in the position description.)
Oversees a large branch within a division and manages more than one program with significant funding implications and high degree of specialization and complexity for the County and is responsible for program's compliance with federal, state and local laws and regulations;
Prepares and presents policies, analyses and reports to the Fairfax County Redevelopment and Housing Authority (FCRHA), the Fairfax County Board of Supervisors, high level agency staff, citizen boards, representatives of the Department of Housing and Urban Development (HUD) and other federal and state officials;
Directs efforts to seek outside funding opportunities ranging from federal or state programs to public/private partnerships. Prepares responses or oversees preparation of responses to Notices of Funding Availability, and Requests for Proposals;
Prepares Requests for Proposals and other solicitations on behalf of the FCRHA or HCD;
Evaluates responses and participates in a leadership capacity as part of a selection committee;
Negotiates terms and price;
Undertakes complex development and financing of housing projects;
Develops and implements new programs and policies, including the documentation of procedures, guidelines and handbooks. Sets performance measures.
Establishes and works toward achievement of program goals and objectives, implementing corrective action when required;
Serves as a point of contact for federal, state and local officials and FCRHA commissioners regarding program policies and procedures;
Plans and sets goals and priorities for the program and subordinate staff, providing significant coaching and training;
Plays key role in carrying out specific strategic work of the agency;
Analyzes program progress and implements corrective action when necessary;
Makes presentations regarding programs to County agencies, business and industry representatives, nonprofit groups and the public;
Prepares complex reports for use by the County, state and federal government;
Represents the agency on interagency and community work groups and committees;
Develops and provides training to Housing and Community Development (HCD) staff and outside groups as requested;
Manages staff as part of a critical group or program;
Responsible for hiring, evaluation, coaching, and disciplinary action;
Reviews and coordinates applications for certain federal, state, and grant awards;
Leads regular program, branch and team meetings to improve inter- and intra-division communication and coordination of activities and projects;
Participates in development of the branch's budget submission and reviews expenditures; and
Acts for the division director in his/her absence.
Required Knowledge Skills and Abilities
(The knowledge, skills and abilities listed in this specification are representative of the class but are not an all-inclusive list.)
Expert knowledge of federal, state and local housing programs, regulations and standards;
Thorough knowledge of, and ability to effectively apply managerial methods, practices, theories and processes;
Knowledge of the issues relating to the application of supervised programs for real estate acquisition/sale, negotiations, financing and construction;
Knowledge of loan processing, underwriting and general real estate finance in the housing industry using a variety of private, federal, state and local programs;
Ability to plan, organize, coordinate, assign and evaluate the work of professional and support staff in a complex, highly-interactive team-based work environment;
Ability to direct programs requiring coordination with other governmental agencies, private developers, lending institutions, partnerships and citizen organizations;
Ability to oversee reporting for a variety of complex projects;
Ability to communicate effectively, both orally and in writing;
Ability to structure, prepare and deliver concise, understandable presentations on complex issues;
Ability to establish and maintain effective working relationships with elected and appointed officials and representatives of the public/private sector and community organizations.
Employment Standards
MINIMUM QUALIFICATIONS:
Any combination of education, experience, and training equivalent to the following:
(Click on the aforementioned link to learn how Fairfax County interprets equivalencies for Any combination, experience, and training equivalent to) A bachelor's degree in public or business administration, real estate finance or related field, plus five years of progressively responsible managerial experience in the fields of real estate, real estate finance and lending programs or grants management. A master's degree in a related field may be substituted for one year of the required experience.
PREFERRED QUALIFICATIONS:
Extensive experience in tax-exempt bond financing, loan underwriting, tax credit syndication and other complex financing structures; Direct knowledge of and experience with financial analysis, mortgage finance, finance structuring and underwriting; Document preparation and review; Program compliance related to the use of a variety of private, federal, state and local loan and grant programs for multi-family affordable housing and commercial revitalization; Working with the public, elected officials and government agencies; Planning and implementing activities in order to ensure effective and efficient utilization of resources. Must be results driven, organized, and detail-oriented, with the ability to manage multiple priorities; Have excellent communication skills (verbal, written and presentation); Have strong team leadership skills with supervisory experience and a commitment to staff development.
NECESSARY SPECIAL REQUIREMENTS:
The appointee to the position must satisfactorily complete a criminal background check and a credit report check. This position is considered essential personnel and will be required to report to work during times designated countywide as approved for unscheduled leave regardless of the emergency situation (i.e., weather, transportation, other disaster). All newly hired employees are required to be fully vaccinated against COVID-19 (two weeks after the last required dose) as a condition of employment or obtain approval of a medical or religious exemption prior to their start date
. Proof of an exemption or vaccination status will be required during the pre-employment onboarding process. New employees who obtain an exemption from the vaccine mandate for medical or sincerely held religious beliefs will still be subject to the weekly testing requirement. Vaccinated employees and employees with a medical or religious exemption will complete the attestation online on their first day of employment or shortly thereafter.
PHYSICAL REQUIREMENTS:
Job is generally sedentary in nature, however, job entails walking, standing, sitting, climbing stairs, reaching and bending; uses hands to grasp, handle, or feel. Visual acuity is required to read data on a computer monitor. Incumbent must be able to operate keyboard driven equipment and computer. Ability to communicate with others verbally and in writing. Employee may be required to lift up to 15 lbs. All duties performed with or without reasonable accommodations.
SELECTION PROCEDURE:
Panel interview.
Fair**** for assistance. TTY 703-222-7314. EEO/AA/TTY.

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