Senior Manager - Affordable Housing Trust Fund

City of Richmond•1500 East Main Street, VA

About The Position

The City of Richmond’s Department of Housing and Community Development is seeking a Senior Manager to provide leadership and management of the programmatic and financing functions of the Affordable Housing Trust Fund (AHTF). Under the general supervision of the Department Director, this role provides strategic oversight of a comprehensive housing program made up of multiple interconnected projects. The Senior Manager coordinates initiatives, allocates resources, manages budgets, mitigates program-level risks, monitors performance, resolves issues, and communicates progress to executives and stakeholders to advance the city’s housing goals and expand housing options for residents. The position advises on affordable housing finance and development or preservation processes and on aligning funding sources. It leads a team comprising a Senior Project Development Manager, a Management Analyst (AHTF Compliance Officer), and a housing consultant, and coordinates division personnel supporting active projects. The Senior Manager establishes monitoring practices for affordable housing and bond projects, oversees development of funding NOFAs and RFPs, reviews and underwrites requests for City funding, and helps ensure deals meet investment program requirements. The role also collaborates with legal counsel on development agreements, assists in identifying funding tools, and supports City and RRHA redevelopment collaborations. This is a grant-funded position that may be reviewed for extension beyond five years. The maximum hiring compensation is capped at a salaried rate of $140,000 per year.

Requirements

Bachelor’s degree from an accredited college or university in public administration, business administration, real estate, or a related field; a master’s degree is preferred.
Seven years of experience in housing operations management, including at least two years of senior-level management experience in public housing, affordable housing, and/or real estate redevelopment, or an equivalent combination of education and experience.
Mastery of general management, public and business administration, housing finance, and real estate development principles and their application in government.
Expertise in housing finance, affordable housing development, and rehabilitation.
Demonstrated experience managing housing development projects, land acquisition and disposition, planning and development, design, construction, and financing.
Mastery of affordable housing programs and applicable federal and local laws and regulations.
Advanced leadership, management, and communication skills.
Competence using personal computers and software such as Microsoft Word and Outlook, and ability to learn software required for assigned tasks.
Ability to perform detailed work on multiple concurrent tasks, with frequent interruptions and under time constraints.
Ability to perform the essential duties, including regular talking; frequent fingering, hearing, seeing, and repetitive motions; and occasional climbing, balancing, stooping, kneeling, crouching, crawling, reaching, standing, walking, pushing, pulling, lifting, feeling, and grasping.

Nice To Haves

Master’s degree in public administration, business administration, real estate, or a related field.
Familiarity with DownHome software.

Responsibilities

Work with the Department Director and senior management to accomplish the department’s affordable housing goals and assist in updating the Housing Plan.
Advise on programmatic processes for affordable housing finance, development, and preservation, including alignment of funding sources and efficient resource management.
Lead a team of a Senior Project Development Manager, a Management Analyst (AHTF Compliance Officer), and a housing consultant; coordinate personnel supporting open projects.
Monitor subordinate compliance with regulations, procedures, and effective management practices, and lead subordinate managers in improving productivity.
Establish and ensure the use of effective project monitoring tools and best practices for City affordable housing development and preservation projects, including new Bond projects.
Oversee development of NOFAs and RFPs for affordable housing development funding.
Analyze City funding requests, perform underwriting reviews, and ensure deals are structured to meet investment program requirements.
Collaborate with the City Attorney’s Office or Special Counsel on development contracts and agreements.
Help identify additional financial tools and resources for affordable housing development.
Assist the Director or designee with RRHA/City collaborations, including redevelopment projects at Creighton Court, Highland Grove, Mosby Court, and Gilpin Court.
Advise the Director on resolving sensitive issues related to affordable housing development projects.
Ensure compliance with applicable federal, state, and local regulations and requirements.
Participate in developing Department strategic plans and provide project updates and reports as required.
Attend public and business meetings about City housing finance and development initiatives with the Director and/or Deputy Director, and follow up as appropriate.
Perform other related duties as assigned.