Manager, Multifamily Programs (Mortgage Finance)
Apply NowCompany: Housing Opportunities Commission Of Montgomery County
Location: Kensington, MD 20895
Description:
Manager, Multifamily Programs
The Housing Opportunities Commission of Montgomery County (HOC) was established in 1974 to better respond to the County's need for affordable housing. HOC is authorized to acquire, own, lease, and operate housing; to provide for the construction or renovation of housing; obtain financial assistance from any public or private source to assist its housing activities; and arrange for social services, resident services, and daycare.
Job Description:
The Manager, Multifamily Programs is a senior level professional position with responsibility for managing multifamily operations of the Housing Opportunities Commission of Montgomery County (the "Commission" or "HOC").
This position is responsible for supporting the affordable housing development and preservation goals in Montgomery County through HOC's Strategic Plan. The incumbent is responsible for managing the operations of the multifamily program operations within the Mortgage Finance Division. The multifamily operations is responsible for the development of financing plans for HOC projects, managing the execution and conversion of FHA risk share and Federal Financing Bank loans and the evaluation of various capital sources. The incumbent will be responsible for managing the activities and development of multifamily personnel as well as coordinating the activities with Real Estate Development, Legal, Compliance, Asset Management, Property Management and Finance.
The incumbent will have extensive knowledge of multifamily financing programs, both debt and equity, taxable and tax-exempt bond financing process and the underwriting of multifamily projects. The incumbent will be responsible for the development and presentation of materials for various meetings, including, but not limited to committees of the Commission.
Example of Duties:
Minimum Qualifications:
Experience:
Education:
Knowledge Skills and Abilities:
HOC is an equal-opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. HOC promotes a drug-free workplace.
HOC conducts criminal background checks, employment reference checks, and where applicable, reviews driving records in determining suitability for employment. Selected applicants will be required to submit to pre-employment drug and alcohol screening. Employment is contingent upon drug and alcohol test results.
The Housing Opportunities Commission of Montgomery County (HOC) was established in 1974 to better respond to the County's need for affordable housing. HOC is authorized to acquire, own, lease, and operate housing; to provide for the construction or renovation of housing; obtain financial assistance from any public or private source to assist its housing activities; and arrange for social services, resident services, and daycare.
Job Description:
The Manager, Multifamily Programs is a senior level professional position with responsibility for managing multifamily operations of the Housing Opportunities Commission of Montgomery County (the "Commission" or "HOC").
This position is responsible for supporting the affordable housing development and preservation goals in Montgomery County through HOC's Strategic Plan. The incumbent is responsible for managing the operations of the multifamily program operations within the Mortgage Finance Division. The multifamily operations is responsible for the development of financing plans for HOC projects, managing the execution and conversion of FHA risk share and Federal Financing Bank loans and the evaluation of various capital sources. The incumbent will be responsible for managing the activities and development of multifamily personnel as well as coordinating the activities with Real Estate Development, Legal, Compliance, Asset Management, Property Management and Finance.
The incumbent will have extensive knowledge of multifamily financing programs, both debt and equity, taxable and tax-exempt bond financing process and the underwriting of multifamily projects. The incumbent will be responsible for the development and presentation of materials for various meetings, including, but not limited to committees of the Commission.
Example of Duties:
- Manage multifamily operations of the Mortgage Finance Division, including interaction with internal and external stakeholders.
- Manage and develop multifamily personnel, consisting of underwriting and analytic staff.
- Lead the development of financing plans, including the management of underwriting and bond financing activities required under the financing plans
- Engage with HOC personnel in the identification and development of strategies to address issues related to multifamily properties.
- Responsible for the preparation of quarterly and ad hoc reports to the Commission.
- Act as subject matter expert regarding capital and equity sources for financing of multifamily properties.
Minimum Qualifications:
Experience:
- At least ten years of progressively responsible experience in multifamily mortgage financing, including underwriting.
- Experience in mortgage finance with state and local finance agencies.
- Five years of experience in the management of personnel
Education:
- Graduation from an accredited college or university with a degree in finance, investments or a related field.
Knowledge Skills and Abilities:
- Knowledge of the various sources for financing real estate.
- Knowledge of bonds and bond market.
- Knowledge of appraisal practices.
- Knowledge of underwriting practices.
- Knowledge of local, state and federal housing programs.
- Ability to perform financial analysis, development and operating budgets of housing developments, and prepare and develop reports for the Commission.
- Ability to organize, direct and develop personnel.
- Ability to communicate clearly both orally and in writing.
- Ability to deal with people tactfully, effectively and equitably with people.
HOC is an equal-opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. HOC promotes a drug-free workplace.
HOC conducts criminal background checks, employment reference checks, and where applicable, reviews driving records in determining suitability for employment. Selected applicants will be required to submit to pre-employment drug and alcohol screening. Employment is contingent upon drug and alcohol test results.