Housing Development Supervisor I
19 hours ago
Albuquerque
Job Description GENERAL SUMMARY This position is responsible for assisting the Director and the Assistant Director of the Housing Development Department in supervising the day-to-day activities required in managing the various Federal and State Housing programs within the department. The duties of this position include managing staff member(s) and assisting them with the daily management of their programs. This position is not responsible for disciplinary actions but will report any program and policy violations or performance issues to the Director or Assistant Director for further action. The position will maintain their current role in the department in conjunction with the following duties. ESSENTIAL DUTIES & RESPONSIBILITIES The intent of this job description is to provide a representative summary of the major duties and responsibilities performed by incumbents of this job. Employees may be requested to perform job-related tasks other than those specifically presented in this description. • Supervise staff member(s)., • Perform all duties as described in the Job Description for HD Development Loan Manager to include:, • Review loan applications submitted by developers for the construction or acquisition/rehabilitation of low-income rental housing., • Evaluate development cost budgets, sources of funds, income and expense projections, and cash flow projections to determine whether projects meet program underwriting standards and other requirements., • Prepare loan award summaries and underwriting analyses of projects and present them to department directors, committees, and MFA Board of Directors as appropriate., • Review loan documents for all loan closings and loan modifications, coordinate review by outside counsel and, when necessary, coordinate all closing items with Loan Processor(s) and Program Coordinator(s)., • Coordinate with the Loan Processor(s) and Program Coordinator(s) and oversee the preparation of the loan approval letters and loan documentation for all loan closings and loan modifications., • Review all required documentation for completeness and accuracy., • Coordinate review of loan documents by outside counsel when necessary., • Participate in pre-closing due diligence calls with the development team, equity investor, bank, etc. to ensure accurate loan documents and timely loan closing., • Participate in construction due diligence calls as needed, and review and recommend approval of monthly construction draw requests., • Update policies, underwriting standards, and underwriting processes in response to changes and in accordance with all program regulations and requirements for assigned programs and keep staff informed of relevant statutory, regulatory, or internal policy changes., • Participate in the establishment/revision of program policy and operating procedures for, and implementation of, new and existing funding programs., • Participate in marketing new and existing funding programs., • Track program funding availability and loan activity for each assigned program., • For the 542(c) Risk Sharing or HOME loan programs, provide HUD with all required materials, advise borrowers on completion of HUD-2530 forms, coordinate with MFA Environmental Officer on environmental reviews, obtain HUD Firm Approval Letter, and perform subsidy layering reviews as required by specific loan program., • For the 542(c) Risk Sharing loan program, conduct annual loan loss reserve analysis., • New Mexico Housing Trust Fund (NM HTF) program, present projects to Advisory Committee as needed., • Modify existing loans as needed by analyzing project financials, restructuring payment terms, obtaining proper level of approval for the proposed modification, and working with outside counsel to draft modification documents., • Process ownership change requests, in accordance with all assigned program policies, regulations and requirements, and collect and review organizational documents and financial statements to properly effect the change., • Process 542(c) Risk Sharing loan repayment requests, including submitting requests with required documents to HUD for approval., • Provide technical assistance, training, and support to all MFA partners, including developers, borrowers, governmental representatives and agencies, housing authorities, etc. on various programs, policies, and processes. Provide review on internal and external audits., • Provide training and technical assistance to all HDD staff (on-going)., • Responsible for tracking the status of department reporting., • Responsible for department website content., • Assist Director and Assistant Director in providing program back-up within the department., • Assist Director and Assistant Director with Quality Control of department documents., • Assist in managing production goals., • Represent Housing NM/MFA at various initiative meetings and public/private events., • Attend trainings, read publications, and employ other measures to maintain current knowledge of department programs., • Take the lead and work with Development Loan Managers to develop Notices of Funding Availability (NOFAs), Requests for Quotes (RFQs), Requests for Proposals (RFPs), and similar tools for secuaring funds, services, etc., • Perform other related duties of a similar nature and level as assigned. Education and Experience Bachelor’s degree with a concentration in finance related field or three years’ experience with federal housing or housing development programs such as HOME, NHTF, NMHTF, or other State funded programs for low- and moderate-income families is preferred. Conditions of Employment • Ability to interpret federal regulations as it pertains to the program being managed., • Strong organization and analytical skills, • Strong communication skills, synthesizing information, • Ability to be tactful., • Interpret and understand MFA's programs and contract documents., • Exceptional written and oral communication skills, • Strong time management skills, • General accounting skills, • Work with MFA's Legal Counsel., • Facilitate training and/or provide technical assistance in a variety of ways., • Capability of preparing and reviewing various reports., • Problem solving capabilities., • Communicate regulatory and contractual requirements., • Must be able to prioritize workload and perform multiple tasks simultaneously., • Must be able to adapt to changing environments and deadlines., • Must be able to work independently., • Define problems, collect data, establish facts, and draw valid conclusions., • Perform mathematical computations such as addition, subtraction, multiplication, division., • Calculate percent distributions, increase rates, and similar computations., • Exercise good judgment and focus on detail as required by the job., • Operate standard office equipment, such as computer keyboards and monitors, copiers, scanners, and telephones., • Use (or learn to use) computer software and systems applicable to the position., • Provide Exceptional Customer Service to internal and external customers 100% of the time., • Demonstrate a positive attitude, • Demonstrate respectful behavior, • Foster teamwork and collaboration, • Exhibit honesty and integrity in communications and actions, • Take initiative, • Dependable, Reliable, Adaptable and Productive, • Strive to become the subject matter expert in your position, • Practice and uphold established Leadership Values, • Set clear goals and expectations to hold staff accountable, • Assume responsibility and hold yourself-accountable for the overall performance of your department The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is performed in a standard office or indoor environment. Essential functions are regularly performed without exposure to adverse environmental conditions however, employees may be exposed to minor inconveniences such as occasional noise, exposure to computer screens, crowded working conditions, and/or minor heating, cooling, or ventilation problems. Employees in the position may be exposed to rude/irate customers, or other individuals. PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Performing the essential functions typically requires exerting up to 10 pounds of force occasionally and/or a negligible amount of force frequently. The work involves sitting most of the time. The work typically involves talking, hearing, and seeing; keyboarding, typing, and use of a computer monitor; moving and organizing papers and other light office materials; filing and retrieving documents; and similar sedentary office work. MFA is an Equal Opportunity Employer.