Direct Lending Program Analyst (PA3)

State of Oregon • Salem, OR

3d • Remote

About The Position

Oregon Housing & Community Services (OHCS) is looking for a person to be a Direct Lending Program Analyst in the Affordable Rental Housing (ARH) Division. This person will act as the senior lender on projects by issuing bonds and lending proceeds for permanent, long-term financing. If you are ready to take on a new challenge in your career, then we want to hear from you about this exciting opportunity. The person in this position serves as the Oregon Housing and Community Services (OHCS) authority and technical expert for the Direct Lending Program - a state lending initiative designed to finance affordable housing development in Oregon. OHCS holds statutory authority to re-launch this program and act as the senior lender on projects by issuing bonds and lending proceeds for permanent, long-term financing. The position leads the development and administration of the Direct Lending Program in collaboration with internal teams, other state agencies, local governments, and community organizations. Responsibilities include establishing program standards, policies, and procedures; directing program operations; and implementing ongoing changes to meet evolving needs in alignment with OHCS goals and legislative mandates. This work ensures compliance with state requirements, mitigates risk to OHCS, and directly influences how collaborators access and utilize program resources. The position is responsible for creating and maintaining all program materials—including manuals, applications, guidelines, administrative rules, and web content—and provides consultative guidance to internal staff and external partners. Decisions made in this role have significant impact on affordable housing development statewide and shape how lenders, developers, and agencies interact with OHCS programs.

Requirements

• A Bachelor's Degree in Business or Public Administration, Behavioral or Social Sciences, or a degree related to the agency program that demonstrates the capacity for the knowledge and skills; and four years’ experience coordinating or administering a program -OR- Any combination of experience or education equivalent to seven years of experience that typically supports the knowledge and skill requirements listed for the classification.

Nice To Haves

• Experience in issuing bonds, credit-enhanced transactions, and lending proceeds for permanent, long-term financing.
• Strong background/experience in program resource tracking, management, and reporting.
• Ability to prioritize and organize tasks and manage multiple projects simultaneously.
• Experience promoting diversity, equity, and inclusion principles and practices in the workplace.
• Knowledge of federal financing programs, particularly those related to HUD, Federal Housing Administration and/or other federal credit programs.
• Strong financial analysis background and experience with affordable multifamily underwriting.
• Experience working with amortizing debt products.
• Intermediate understanding of affordable housing finance and development.
• FHA Risk Share, agency lending, and Multifamily Accelerated Processing (MAP) experience preferred.
• Familiarity with Oregon affordable real estate finance and development.
• Knowledge of federal, state, and local funding programs, and financial policy.

Responsibilities

• Establishing program standards, policies, and procedures
• Directing program operations
• Implementing ongoing changes to meet evolving needs in alignment with OHCS goals and legislative mandates
• Creating and maintaining all program materials—including manuals, applications, guidelines, administrative rules, and web content
• Providing consultative guidance to internal staff and external partners

Benefits

• A positive environment that offers opportunities for career growth and cross-training.
• An agency that supports and encourages work/life balance and overall wellness.
• Generous benefits package including, employer-paid health insurance, vacation, and sick leave, eleven paid holidays, three paid personal days, flexible spending accounts, and an employer contribution retirement plan (PERS).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level