Development Officer - Housing Project Manager & Asset Management Portfolio Manager

City of San Jose•San Jose, CA

10d•Onsite

About The Position

The City of San José Housing Department is a leader in the development of affordable housing, with a mission to strengthen and revitalize the community through housing and neighborhood investment. The department provides loans for affordable housing development and manages a portfolio of over 17,000 housing units valued at over $700 million. The City Council has a goal to create 25,000 housing units in the next five years, with 10,000 of those being affordable. The Housing Department has an operating budget of approximately $19 million and 112 employees, and is committed to creating and supporting a diverse and inclusive work environment.

Requirements

Bachelor’s Degree from an accredited college or university in Planning, Housing, Geography, Economics, Business Administration, Public Administration, Political Science, Sociology or related field and four (4) years of increasingly responsible directly related work experience, including one (1) year performing work of a similar nature and level as Development Specialist with the City of San José.
Additional related experience may be substituted for the education requirement on a year-for-year basis.
Possession of a valid State of California driver’s license may be required for some assignments.
Demonstrates knowledge of and experience with applicable professional/technical principles and practices, Citywide and departmental procedures/policies and federal and state rules and regulations.
Knowledge of urban renewal, neighborhood preservation, low-income housing programs or affordable housing development.
Effectively conveys information and expresses thoughts and facts clearly, orally and in writing; demonstrates effective use of listening skills and displays openness to other people's ideas and thoughts.
Develops effective relationships with co-workers and supervisors by helping others accomplish tasks and using collaboration and conflict resolution skills.
Experienced with common business computer applications including but not limited to: MS Outlook, MS Word, MS PowerPoint, MS Access, and MS Excel.
Approaching a problem or situation by using a logical, systematic, sequential approach.
Develops networks and builds alliances; engages in cross-functional activities.
Understands the relationship of the budget and resources to the strategic plan; complies with administrative controls over funds, contracts, and procurements.
Ensures support for projects and implements agency goals and strategic objectives.
Sets effective long and short-term goals based on a good understanding of management practices; establishes realistic priorities within available resources; provides motivational support; empowers others; assigns decision-making and work functions to others in an appropriate manner to maximize organizational and individual effectiveness.

Nice To Haves

Extensive experience at a management level in banking, lending or real estate development with a strong underwriting, loan servicing and regulatory compliance background.
Extensive experience in affordable housing finance, real estate asset management, banking, lending, or commercial real estate.
Strong analytical, financial, and regulatory compliance skills.
Experience interpreting complex legal and financial documents.
Demonstrate the ability to evaluate project performance while balancing risk management with long-term affordable housing preservation objectives.

Responsibilities

Managing housing programs or projects to include: determining the scope of the project, developing strategies and policies, coordinating staff and other resources, providing technical assistance/support, managing project budgets, negotiating contracts and agreements, writing reports, approving change orders, and leading the marketing, promotion and outreach activities.
Underwriting loans for the production, rehabilitation and preservation of affordable rental housing with tax credit and/or tax-exempt bond financing, with a focus on determining feasibility and effect on the City’s repayments, risks and policy objectives.
Reviewing financial statements and proformas for feasibility.
Overseeing the administration of the City’s Inclusionary Housing Ordinance and Incentive Programs.
Managing support staff.
Monitoring the financial performance of the City's affordable housing portfolio by reviewing annual operating budgets, audited financial statements, reserve balances, cash flow analyses, loan servicing activities, and project financial performance to identify risks and recommend appropriate strategies to protect both the borrower and the City's investment.
Administering and enforcing financing agreements, regulatory agreements, affordability restrictions, and other loan documents by interpreting and applying local, state, and federal regulations, negotiating amendments, processing loan modifications, collecting fees and residual receipt payments, and ensuring compliance with City lending requirements.
Overseeing regulatory compliance activities, including reviewing tenant income certifications, rent schedules, management plans, insurance coverage, physical inspection reports, and other compliance documentation to ensure adherence to affordability requirements, fair housing laws, and applicable federal, state, and local regulations.
Conducting project risk assessments and portfolio analyses to evaluate the financial and operational health of affordable housing developments, developing asset management strategies, and preparing recommendations, reports, and presentations for executive management and the City Council.
Managing housing programs or projects, including developing policies and procedures, coordinating with internal staff, property owners, lenders, regulatory agencies, and community partners, providing technical assistance, negotiating agreements, and supporting the implementation of departmental initiatives.