Senior Development Officer (Multifamily & Single-Family Asset Management), Housing Department

Our diverse and inclusive workforce of more than 7,000 employees play a key role in the success of San José, the heart of the Silicon Valley. All City of San José employees work together as one team to make San José a vibrant, innovative, and desirable place to live and work. Visit here to learn more about our One Team Leadership Values and Expectations, including quality and excellent customer service and here to learn more about San José.

The City of San José is an equal opportunity employer. Applicants for all job openings will be considered without regard to age, race, color, religion, sex, national origin, sexual orientation, disability, veteran status or any other consideration made unlawful under any federal, state or local laws. The City of San José is committed to offering reasonable accommodations to job applicants with disabilities. If you need assistance or an accommodation due to a disability, please contact us at 408-535-1285, 711 (TTY) , or via email at CityCareers@sanjoseca.gov .

About the Department

The City of San José Housing Department is a leader in the production of affordable housing. Its mission is to strengthen and to revitalize our community through housing and community development programs. The Housing Department has an operating budget of approximately $119 million annually and 112 employees, the department administers multiple local, state, and federal funds. The Housing Department is committed to creating and supporting a diverse work environment with a staff that values inclusion.

Position Duties

The City of San José Housing Department is seeking a talented, energetic, and experienced individual to serve as a full-time Senior Development Officer with its Asset Management Program overseeing multifamily and single-family portfolios. This key leadership role will oversee a portfolio of over 22,000 affordable housing units and ensure long-term financial and physical sustainability of the City’s investments in affordable housing. The selected candidate will lead a talented team responsible for monitoring compliance, evaluating financial and operational performance, and guiding reinvestment and repositioning strategies.

Salary range for this classification is $140,846.16 - $171,509.52 annually. This salary range includes an approximate five percent (5%) ongoing non-pensionable compensation. Actual salary shall be determined by the final candidates’ qualifications and experience.

An ideal candidate for this position will be a collaborative and innovative leader with excellent interpersonal skills, as well as possessing a strong work ethic and commitment to customer service. In addition, they will possess knowledge in training, mentoring, and motivating a diverse workforce. They will need expertise in Limited Partnership exits, property ownership transfers, loan restructurings, refinancing, and re-syndications with tax exempt bond issuance.

Key responsibilities for this position include but not limited to:

• Lead the planning and implementation of asset management strategies to protect and optimize the City’s affordable housing portfolio.
• Oversee long-term compliance and health of the portfolio, including affordability restrictions, physical condition, and financial viability.
• Develop, implement, and update policies and procedures that support the City’s asset management goals.
• Understand and ensure compliance with CDLAC//TCAC and other Federal, State and local regulations and policies and reporting requirements.
• Coordinate with developers, property managers, finance agencies, legal counsel, and other City departments to ensure responsible management and high standards of accountability and performance of City-assisted properties.
• Evaluate portfolio performance and risk to make projections of loan repayments and capital events; evaluate past and future financial performance of operating properties, including net cash flow, regulatory compliance, and property and supportive services management.
• Review and approve development transfers, capital and operating budgets, income and rent requirements, property management plans changes, reserve withdrawal requests or repayment requirements on affordable housing projects.
• Administer the existing Single-Family Homebuyer Program, including overseeing the processing of borrower payments, coordinating payoff and reconveyance requests, and ensuring compliance with program guidelines and regulatory requirements.
• Supervises professional staff to include: prioritizing and assigning work; conducting performance evaluations; ensuring staff are trained; and, making hiring, termination, and disciplinary recommendations and any other recommendations related to the change in status of employees.
• Performs other related work as required.

Minimum Qualifications

Education: Bachelor’s Degree from an accredited college or university in Finance, Business Administration, Planning, Housing, Economics, Public Administration, Political Science, Sociology or related field.

Experience: Five (5) years of increasingly responsible professional level, directly related work experience, including two (2) years of supervisory experience.

Acceptable Substitution: Additional related experience may be substituted for the education requirement on a year-for-year basis.

Required Licensing: Possession of a valid State of California driver's license.
Form 700 Requirement: This position requires a disclosure of outside investments, real property interest, income, and business positions. You must complete and file an “Assuming Office Form 700” with the City Clerk’s Office within the first 30 days of employment with the office.

Desirable Qualifications

• Experience in commercial lending, housing principles, policies, practices, and in support of housing development is highly desirable.
• Experience in loan portfolio management, financial performance risk assessment and underwriting.
• Proficiency in data dashboards, or financial modeling tools.

Other Qualifications

The ideal candidate will possess the following competencies, as demonstrated in past and current employment history.

• Job Expertise -Demonstrates knowledge of and experience with applicable professional/technical principles and practices, Citywide and departmental procedures/policies and federal and state rules and regulations.
  • Knowledge of real estate finance, development, marketing, and appraisal.
  • Knowledge of housing loan portfolio management and underwriting.
  • Knowledge of commercial real estate assessments.
• Communication Skills - Effectively conveys information and expresses thoughts and facts clearly, orally and in writing; demonstrates effective use of listening skills and displays openness to other people's ideas and thoughts.
• Collaboration - Develops networks and builds alliances; engages in cross-functional activities.
• Multi-Tasking - Can handle multiple projects and responsibilities simultaneously; has handled a wide variety of assignments in past and/or current position(s).
• Analytical Thinking - Strong analytical skills approaching a problem or situation by using a logical, systematic, sequential approach.
• Project Management - Ensures support for projects and implements agency goals and strategic objectives.
• Supervision - Sets effective long and short-term goals based on a good understanding of management practices; establishes realistic priorities within available resources; provides motivational support; empowers others; assigns decision-making and work functions to others in an appropriate manner to maximize organizational and individual effectiveness.
• Initiative - Exhibits resourceful behaviors toward meeting job objectives; anticipates problems, is proactive, and avoids difficulties by planning ahead; displays willingness to assume extra responsibility and challenges; pursues continuing education opportunities that promotes job performance.

Selection Process:

The selection process will consist of an evaluation of the applicant's training and experience based on the application and responses to all the job specific questions. Applicants are expected to write their own essays/responses. Please be advised that use of AI content in your responses may result in your removal from the hiring process. Only those candidates whose backgrounds best match the position will be invited to proceed in the selection process. Additional phases of the selection process will consist of one or more interviews.

You will be prompted to answer the following job-specific questions in the online application process:

• Please describe your leadership approach in managing staff and building a high-performing team. How do you support professional development, ensure accountability, and foster collaboration in a regulatory or mission-driven environment?
• Please describe your experience managing a housing portfolio. Include the number of units or properties involved, your role in financial and physical oversight, and any strategies you used to identify and mitigate portfolio risk.
• Please provide an example of a time you led a compliance resolution or asset repositioning initiative. What was the issue, how did you engage stakeholders (e.g., developers, property managers, legal or finance teams), and what was the outcome?

You must answer all questions to be considered, or your application may be deemed incomplete and withheld from further consideration. Please also ensure to attach your resume while submitting your application.

If you have questions about the duties of these positions, the selection or hiring processes, please contact Vaishali Vashistha at vaishali.vashistha@sanjoseca.gov.

Additional Information:

Employment Eligibility: Federal law requires all employees to provide verification of their eligibility to work in this country. Please be informed that the City of San Jose will NOT sponsor, represent or sign any documents related to visa applications/transfers for H1-B or any other type of visa which requires an employer application.

You must answer all job-specific questions to be considered for this vacancy or your application will be deemed incomplete and withheld from further consideration. Applicants are expected to write their own essays/responses. Please be advised that use of AI content in your responses may result in your removal from the hiring process.

Please note that applications are currently not accepted through CalOpps or any other third party job board application system.

This recruitment may be used to fill multiple positions in this, or other divisions or departments. If you are interested in employment in this classification, you should apply to ensure you are considered for additional opportunities that may utilize the applicants from this recruitment.

Please allow adequate time to complete the application and submit before the deadline or the system may not save your application. If your online application was successfully submitted, you will receive an automatic confirmation email to the email address you provided. IF YOU DO NOT RECEIVE THE CONFIRMATION, please email CityCareers@sanjoseca.gov and we will research the status of your application.

The City of San Jose offers a wide range of core health benefits including Medical, Dental, Vision, Employee Assistance Program, Life Insurance, Disability, and Savings Plans. Please visit the City's benefits pagefor detailed information on coverage, cost, and dependent coverage.

For information on the City’s Retirement Plan(pension for full-time employees), please visit the Office of Retirement Services website. You will be able to view information based on different Sworn/Federated job classification.

In additional to the benefits above, there is an additional perks siteto explore further benefits of working for the City of San Jose like paid leave, educational reimbursements, and holiday pay are specific to the job classification and union membership.

Closing Date/Time: 7/30/2025 11:59 PM Pacific

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• City of San Jose

• 408-535-1285

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