What You'll Be DoingThe
Affordable Housing Development and Lending Manager leads innovative development and preservation programs providing affordable housing across
Wake County. A highly visible position within the
Housing Affordability & Community Revitalization Department and a key member of the
Equitable Housing and Community Development Division management team, this position oversees the
County’s Affordable Housing Development Program, the
Wake Affordable Housing Preservation Fund and Affordable Homeownership Program.
The ideal candidate for this position has a strong foundation in affordable housing development and finance, particularly multifamily development and the Low-Income Housing Tax Credit program, is skilled at building and maintaining partnerships and is passionate about innovative approaches to affordable housing development and preservation. The position is perfect for an independent problem solver who wants to make a meaningful impact in community development.
Essential Functions: - Administers the Affordable Housing Development Program to provide gap financing to affordable housing developments, primarily those leveraging Low Income Housing Tax Credits. Conducts financial underwriting of proposals and negotiates with applicants to achieve County goals
- Oversees the $61.6 million Wake Affordable Housing Preservation Fund, managing the Fund Administrator contract, providing technical assistance to the Administrator to ensure Fund success
- Manages the administrator contract for the Affordable Homeownership Program, providing technical assistance to the Administrator and implementing best practices to create homeownership opportunities
- Cultivates and maintains relationships with developers and other partner organizations to promote Wake County affordable housing goals and programs
- Manages program data to provide reports for Division and Department leadership and support federal grant compliance activities
About Our TeamWake County Department of Housing Affordability and Community Revitalization goal is to ensure that quality affordable housing is available and accessible for all Wake County residents. As the population and economy continue to grow in Wake County, the need for affordable housing development and preservation increases. Not only do more units of affordable housing need to be built, but housing services must be provided to support families and individuals to access or maintain safe, decent, affordable housing. Affordable housing is also critical to preserving Wake County’s economic competitiveness by offering housing to workers of all income levels, supporting housing stability and economic opportunity for its residents, and furthering Wake County’s commitment to healthy and inclusive growth. The Department’s programs include Community Revitalization, Development Financing, Homeless and Prevention Services, Emergency Shelter, Support Services and Permanent Supportive Housing. The Housing and Community Revitalization (HCR) Division operates to increase and preserve affordable housing through development and revitalization efforts benefiting the million residents of the County, in coordination with twelve municipalities and development partners. It also ensures the administration and compliance for Federal grant and locally funded programs focused on neighborhood revitalization, rehabilitation, development and public infrastructure projects benefiting low and moderate-income households.
The Basics (Required Education and Experience) - A Bachelor’s degree in finance, real estate, business, public policy/administration, planning, or other related field
- Five years of job-related experience
- An equivalent combination of education and experience accepted
- Please include ALL prior work experience on your application and resume.
Beyond the Basics (Preferred Education and Experience) - Experience in multifamily development, commercial real estate valuation or multifamily loan underwriting
- Knowledge of the Low Income Housing Tax Credit program and HUD entitlement programs including HOME and CDBG
- Master’s degree in finance, real estate, business, public policy/administration, planning or other related
- communication and project management skills
- Significant experience with affordable housing development finance, lending and underwriting
How Will We Know You're 'The One'? - Detailed understanding and knowledge of various housing financing strategies and grant compliance
- Excellent speaking, listening and written communication skills including the ability to negotiate complex financial transactions and facilitate the implementation of new programs
- Demonstrated successful ability to participate in a multidisciplinary team with the willingness to examine relevant viewpoints and explores alternative approaches
- Critical problem solving and analytical thinking skills to identify program needs and propose viable solutions
- Ability to provide project management and oversight for consultants and partners to evaluate, design and launch programs
- Possesses the ability to manage a number of priorities simultaneously, as well as establish and meet deadlines
- Ability to build solid cross-functional relationships internally and externally to identify and maintain partnerships and research best practices
- Ability to take prompt action to accomplish objectives, achieve goals beyond what is required and be proactive
- Provides excellent customer service in all interactions, including the ability to make decisions without regard to that personal prejudices, biases and experiences
About This PositionLocation: Waverly F. Akins Wake County Office Building Raleigh, NC 27601
Employment Type: Regular
Work Schedule: Mon - Fri 8:30am - 5:15pm
Hiring Range: $72,051-$129,698
Market Range: 72,051.00 - 129,698.00
Please include
ALL prior work experience on your application and resume.
Posting Closing Date: 7:00 pm on 7/12/2024
What Makes Wake GreatHome to the State Capital, Wake County is one of the fastest growing areas in the nation and the most populous county in the state, with more than 1.1 million residents. The County has received national and international rankings and accolades from publications such as Money, Fortune, and Time magazines as being one of the best places to live, work and play. The central location of the County allows for a short drive to the spectacular mountains or coast. Wake County Government is governed by a seven-member Board of Commissioners, who are elected at-large to serve two-year terms. Wake County Government has a general operating budget of $1.874 billion, employs over 4400 employees, experiences minimal turnover, and is an award-winning leader in wellness and technology initiatives; such as offering employees and covered spouses free access to the Employee Health Center. Wake County Government offers a wide range of training and development opportunities, a stable career in public service with a balance of work and family life, flexible work schedules and a competitive salary and benefits package.
Equal Opportunity StatementWake County provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics.
Background Check StatementPosition may require a background check that may include: criminal, credit, motor vehicle, education, and sexual offender registry or others based on job requirements. Unless required by state law, a record of conviction will not automatically exclude you from consideration for employment. Wake County Government is an Equal Opportunity Employer.
Emergency Service Worker StatementIn the event of an emergency, as determined by the County Manager or designee, participation in preparedness and response operations should be expected. Employee may be required to fill a temporary assignment in a role different from standard duties, work hours and/or work location in preparation for, during and after the emergency. Employee may also be required to participate in relevant exercises and regular preparedness training.
