Housing Finance Program (HFP) Project/Program Manager (PPM III)

King County•Chinook Building 401 5th Avenue Seattle, WA

1d•Hybrid

About The Position

King County's Department of Community and Human Services (DCHS) provides equitable opportunities for people to be healthy, happy, and connected to community. This role is for a skilled senior project manager with a passion for supporting equitable affordable housing throughout King County, with experience in affordable housing, capital community development, or real estate transactions. The Housing Finance Program (HFP) within DCHS works with partners internal and external to King County to make affordable housing projects a reality through capital and operating/services funding support. Types of projects funded by King County include permanent housing for people exiting homelessness with supportive services, transit-oriented development projects that are affordable to low- and moderate-income households, long-term affordable home ownership opportunities, and equitable, community-driven affordable housing development. The ideal candidate will have affordable rental housing and/or homeownership development, new construction and/or rehabilitation experience, skills in building trusted relationships with a range of partners including communities of color and demonstrated success supporting housing for historically marginalized communities. The central focus of this position is developing and implementing the Housing Finance Program’s Requests for Proposals, overseeing the Interim Loan Program and Credit Enhancement Programs, as well as updating HFP policies and procedures. In addition, the Project Program Manager (PPM) III will be underwriting and actively managing projects in different phases of development to ensure that they are feasible, on track, and achieve King County’s full spectrum of affordable housing goals. The tangible results of the position’s work are the approximately 10,000 affordable housing units created or preserved in King County.

Requirements

Bachelor's degree in public administration, urban planning, real estate, finance or related field and/or equivalent combination of education and experience.
Minimum of four years related work experience in affordable housing, and/or real estate lending with demonstrated recent experience in processing and underwriting housing transactions (rental and/or homeownership) involving multiple local, state and federal fund sources.
Demonstrated experience drafting affordable housing contracts and ensuring project compliance with fund source requirements.
Demonstrated ability to work independently, problem solve, and coordinate with a team.
Demonstrated knowledge of public funding for affordable housing, including federal programs such as HOME, Low Income Housing Tax Credits and 4% bonds.
Strong facilitation, negotiation, and creative problem-solving skills.
Demonstrated experience applying equity and social justice principles and practices, and understanding of place, race-based, policy and systems-based inequities.
Excellent written and verbal communications skills and the ability to communicate effectively and work collaboratively with diverse stakeholders including funding partners, jurisdictions, affordable housing developers/providers, investors, community organizations, County teams, and the public.
Demonstrated experience developing and presenting recommendations to the public and decision makers.
Demonstrated Proficiency in Microsoft Office Suite: Word, Excel, Outlook and the internet.

Nice To Haves

Working knowledge of issues facing the affordable housing industry, specifically the local issues of King County.
Financial modeling and data manipulation skills, such as the ability to analyze several financial scenarios and analyze data to predict outcomes.
Experience managing people and processes.
Demonstrated experience engaging community and developing trusted partnerships.

Responsibilities

Develop and manage Housing Finance Program Requests for Proposals (RFPs) for affordable housing.
Work with internal and external partners to draft at least one, and perhaps 2 or 3 RFPs per year.
Plan and oversee evaluation and recommendation processes.
Develop and present recommendations to decision making bodies.
Manage complex and time-sensitive real estate closings, including conducting proper due diligence with assistance from counsel, negotiating loan terms with borrower and partner funders, and drafting/reviewing contracts and loan documents to ensure the County's regulatory requirements, interests, and resources are accurately reflected.
Develop and revise standard operating procedures, HFP program guidelines, and policies as needed.
Draft reports for advisory committees and transmittals to County Council reporting on funding activity and status.
Review and analyze project proposals, conduct feasibility analyses, underwrite transactions with multiple funding sources and make funding recommendations for affordable housing projects that meet housing objectives throughout the County.
Effectively advocate for King County’s affordable housing objectives during project negotiations and in meetings with stakeholders such as other public funders; participate in working groups as needed.
Meet with affordable housing developers and other key stakeholders to discuss and identify challenges and opportunities for potential projects in their planning stages.
Integrate an equity and social justice framework into program duties and communications.
Oversee contracts independently during the construction phase, monitor construction progress and coordinate review/approval of funding disbursements with the fiscal department.
Collect due diligence and manage project close-out; maintain project and database files.
Work collaboratively with the Housing Finance Program team, across departments, and with external partners to deploy funding resources to address housing needs.
Respond to inquiries and provide technical assistance to borrowers and co-workers across County departments.
Supervise HFP staff as they contract funding awards and draft closing documents, or work on other projects and tasks as determined necessary.
Perform other related duties or special projects as assigned.