Principal Housing Finance Manager

Management & Training Corporation•San Francisco, CA

3d•Hybrid

About The Position

The Principal Housing Finance Manager is BAHFA’s lead subject matter expert on affordable housing lending. This hands-on transactions role originates, underwrites, structures, and closes loans, then grows and stewards the resulting portfolio. The manager will launch the Regional Mixed Finance Fund, build its pipeline, and expand BAHFA’s lending footprint as new programs and products become available with BAHFA’s CDFI lending partner. The role leads the Regional Mixed Finance Fund transaction lifecycle, including project evaluation, underwriting, approval, negotiation, loan closing, and construction and conversion oversight. It also develops and implements financing products, manages portfolio performance and credit risk, creates lending policies and systems, supervises staff, and represents BAHFA with public, private, nonprofit, and community partners. The position works under the general direction of BAHFA’s Assistant Director. This is a term-limited position through June 30, 2029. The posting describes flexible schedules and hybrid work options. Applications are due Sunday, November 22, 2026, at 11:55 PM; first-round interviews are tentatively scheduled for Tuesday, December 1, 2026.

Requirements

Equivalent to a bachelor’s degree from an accredited college or university, with major coursework in planning, civil engineering, environmental science, business or public administration, or a related field; or an equivalent combination of training and experience providing the required knowledge, skills, and abilities.
Seven years of increasingly responsible professional experience administering programs in a field related to the assignment area is listed as a typical way to obtain the required qualifications.
At least seven years of progressively responsible affordable housing finance experience, with direct responsibility for originating, underwriting, structuring, and closing a substantial volume of complex transactions.
Deep knowledge of public and private financing sources, including tax-exempt bonds, 4% and 9% tax credits, subordinate and soft debt, public funding programs, acquisition and rehabilitation financing, and mixed-income development.
Demonstrated ability to evaluate complex development pro formas, financial models, and project cash flows, and to identify, price, and mitigate risk.
Ability to present and defend credit recommendations to elected officials, commissions, executives, and non-technical audiences.
Applicants relying on a degree issued outside the United States to meet minimum qualifications must submit an academic credential evaluation demonstrating equivalency with the application, unless an exception listed in the posting applies.

Nice To Haves

Experience originating and growing a pipeline or loan portfolio, with documented increases in volume, deployment, or units financed.
Experience managing a loan portfolio, including monitoring, workouts, and restructurings.
Knowledge of California affordable housing funding programs and financing tools.
Experience developing new programs, credit policies, or operating frameworks, ideally at a CDFI, public lender, housing finance agency, or community development bank.
Experience supervising, mentoring, or developing staff.
Familiarity with Bay Area housing systems, jurisdictions, and developers.
Commitment to advancing housing affordability, equity, and opportunity throughout the region.

Responsibilities

Lead the full transaction life cycle for the Regional Mixed Finance Fund, from origination and project evaluation through underwriting, approval, negotiation, loan closing, and construction and conversion oversight, coordinating with BAHFA’s CDFI lending partner.
Structure layered financing for acquisition, rehabilitation, preservation, and new construction, including subordinate debt, tax-exempt bonds, tax credit transactions, and state and federal funding.
Negotiate loan terms, intercreditor and subordination agreements, and closing documents with developers, co-lenders, investors, and counsel.
Present clear, defensible credit recommendations to leadership, loan committees, and Commissioners.
Lead implementation and growth of BAHFA financing products, including the Priority Sites and Preservation Loan and other products funded by state and federal funds.
Monitor portfolio performance, manage asset and credit risk, address troubled loans, and recommend refinements that strengthen long-term sustainability.
Evaluate and launch new financing tools, products, and partnerships to broaden BAHFA’s reach and attract additional capital as needed.
Develop underwriting standards, credit policies, evaluation frameworks, procedures, and internal controls for transparent, scalable lending.
Create tools to track the pipeline, program outcomes, financial performance, and compliance; establish key performance indicators and accountability reporting.
Supervise, mentor, and develop staff in a collaborative, high-performing, mission-driven team culture.
Lead complex, multi-year projects involving stakeholders, consultants, jurisdictions, and funding partners.
Represent BAHFA with local governments, affordable housing developers, nonprofits, lenders, funders, community stakeholders, and other regional partners.
Translate complex affordable housing finance concepts into clear, accessible information for decision-makers and public audiences.
Serve as a trusted advisor on affordable housing finance and program strategy.