Program Manager Senior III (058782)

Director of Rental Lending

Recruitment # 25-005484-0017 Filing Deadline – Open/Continuous

Salary - $118,937.00 - $161,507.00/yr. (Grade 25, Step 5 – 21, with promotional growth to

$185,523.00/yr.)

This is a Management Service position with full State of Maryland benefits.

Work that matters. The Maryland Department of Housing and Community Development (DHCD) is a national leader in the financing of affordable housing and revitalizing communities.  This is an opportunity to join this nationally-reorganized, award-winning organization and apply your skills to this high public purpose and challenging area.  Annually, DHCD finances approximately 4,000 units of multifamily rental housing in 40 properties, amounting to $500 million in construction and permanent financing.  Funding comes from a variety of sources, including state-appropriated funds, taxable and tax-exempt revenue bonds, federal low income housing tax-credits, federal HOME funds and other federal funds.  Additionally, DHCD administers rental assistance programs and innovative initiatives designed to expand affordable housing opportunities for person with disabilities, increase the energy efficiency and sustainability of affordable multifamily developments, and preserve rental housing.

The Division of Community Development Administration, Multi-Family has a current opening for it's Director of Multifamily Construction Finance Operations position.  This position has direct oversight of the Construction Finance Team and responsible for approving all disbursements of DHCD funds for the construction of affordable rental housing projects finances by the Department.

Grade

25

This position offers a salary range of $118,937 - $161,507/year, with potential for advancement up to $185,523 based on qualifications, equity, and hiring guidelines.  Initial salary offers are determined by qualifications, experience, and available budget, and typically do not exceed $161,507/year. 

Location of Position

7800 Harkins Road Lanham, MD 20706

The Maryland Department of Housing and Community Development Headquarters is located in Prince George’s County across from the New Carrollton Metro Stop.

The CDA Lending and Risk Director (LRD) supervises team leaders for construction management and underwriting as well loan processing staff to assess and mitigate the risks in particular projects as well as programmatically. The LRD coordinates with other personnel throughout the Department essential to project production including the Bond Finance Team, the Office of the Attorney General, and the Office of the Secretary along with others. Because the Rental Lending program lending program is responsible to contribute to a broad array of Departmental goals including energy conservation, assistance to vulnerable populations, and the opening opportunity to historically disadvantaged groups, the LRD coordinates with teams having primary responsibility for those goals to make provision for them in rental lending projects.

The LRD frequently determines how policies, practices, and procedures apply to specific projects when circumstances require additional review. Rental Lending projects inherently expose both the Department and a variety of stakeholders to several categories of risk including financial, reputational, and health and safety. In addition, the amount of funding deployed in particular projects must be sized according to underwriting and program criteria applied to projects developed in divergent circumstances.

Education: A Bachelor’s Degree from accredited college or university in field of Business Administration, Finance, Economics, Public Administration or related field

Experience: Ten years of experience in evaluation of applications across any of the three distinct areas: Tax-Exempt Bonds, Rental Housing Works, Energy Financing.  Low-Income Housing Tax Credits and Rental Housing Funds. including participation on the Rating and Ranking process Review Committee. Additionally, must have a minimum of five years supervisory experience.

Notes:

Candidates may substitute the possession of a Master’s degree in a job-related field from an accredited college or university for up to two years of the required experience.

Desired or Preferred Qualifications

• Experience with underwriting. 
• Experience with Tax-Exempt Bonds. 
• Experience with Rental Housing Works. 
• Experience with Energy Financing. 
• Experience with Low Income Tax Credits.

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We thank our Veterans for their service to our country and encourage them to apply.

As an equal opportunity employer, Maryland is committed to recruiting, retaining, and promoting employees who are reflective of the State’s diversity.

For more information and to apply:

https://jobapscloud.com/MD/sup/BulPreview.asp?R1=25&R2=005484&R3=0017&Viewer=Admin&Test=Y

• The Maryland Department of Housing and Community Development