Asset Manager - Senior Community Development Specialist I (9774)
- 1 Van Ness Ave, San Francisco, CA 94103, USA
- Fill Type: Temporary Exempt
- Work Hours: Regular
- Job Code and Title: 9774-Senior Community Development Specialist I
Mayor’s Office of Housing and Community Development (MOHCD)
MOHCD’s mission is to support San Franciscans with affordable housing opportunities and essential services to build strong communities. We are industry leaders in financing the development, rehabilitation and preservation of affordable housing. Through our financing, we strengthen the social, physical and economic infrastructure of San Francisco’s low-income neighborhoods and communities in need. We actively collaborate with community-based organizations, non-profits, affordable housing developers, and other City agencies and staff, in our pursuit of a more equitable and affordable San Francisco. In our hiring practices, we strive to build teams that reflect the diversity of our City and the populations we serve, and we urge qualified candidates of all races, ethnicity, sexual orientation, and gender identity to apply.
MOHCD’s Housing Division
MOHCD is organized into two divisions – Housing and Community Development.
The Housing division focuses on creating housing policies and funding programs that create safe, stable, and affordable housing. We are recognized nationally for our ground-breaking work to transform public housing through the HOPE SF and RAD initiatives; acquire and rehabilitate existing properties through innovative financing structures; steward an extensive portfolio of affordable housing; and expand that portfolio by advancing new housing production and inclusionary housing policies. Our diverse staff and leadership work together to:
- Guide and coordinate citywide housing policies under direction of the Mayor and through collaboration with the Board of Supervisors.
- Administer a diverse set of financing programs to develop new affordable housing, preserve existing housing, and acquire and rehabilitate housing at-risk of market speculation.
- Monitor the long-term affordability and physical viability of the City’s publicly-assisted affordable housing portfolio of over 25,000 units, providing funding for needed repairs and upgrades to ensure sustainable operations and habitability for residents.
- Incubate new programs, initiatives, and financing tools that further our production and preservation activities.
- Conduct program evaluation and research to document housing needs and trends and communicate accomplishments to elected officials, collaborating partners, and the public at large.
The Senior Community Development Specialist I (Asset Manager) performs difficult and complex housing program analysis and oversight. The Asset Manager serves on the Housing Division’s Asset Management Team, which focuses on preserving the City’s existing investments in affordable housing. The position reports to the Senior Asset Manager.
The Asset Manager performs a number of complex multifamily housing duties, including but not limited to:
- Preserving the City’s existing investments in affordable housing through transactional asset management such as refinancing, recapitalization, repositioning, and workouts.
- Monitoring projects for compliance with a wide range of occupancy, financial and capital needs requirements; enforcing contracts and overseeing completion of remedial actions
- Identifying, interpreting and applying laws, policies, and regulations as necessary for compliance monitoring, transactional work, and policy and procedures development.
- Leading project workouts and capacity-building activities for lower-performing grantees/borrowers/owners.
- Reviewing and making recommendations regarding the programs, operating budgets, and proposed activities of entities receiving funds.
- Inspecting buildings and recommending physical improvements based on site visits and capital needs assessments.
- Leading negotiations with prospective and existing grantees/borrowers/sponsors regarding compliance, funding, workouts, capital needs, and tenant complaints; actively building mutually-beneficial relationships with project sponsors/owners/borrowers.
- Leading the drafting and processing of documents for loan, note and ground lease amendments, subordinations, LP exits, security agreements, deeds of trust, declarations of restrictions, etc; collaborate with deputy city attorneys to prepare, review and execute these contracts and other necessary documents.
- Shepherding ground lease amendments and other applicable documents through the approval of the Board of Supervisor as needed.
- Drafting complex memoranda requesting approvals from Directors and/or for Citywide Multifamily Housing Loan Committee.
- Managing complex multi-project recapitalization deals through sponsor negotiations, financial analysis, and approvals with Loan Committee; overseeing closings and recordations in collaboration with the loan Administrators.
- Participating in policy, procedures, and systems development.
- Providing technical assistance on program operations and systems, and support to project internal and external staff, senior management, and different key stakeholders.
- Collecting data, working with confidential information and preparing a variety of reports, memoranda, and correspondence.
- Invoicing, calculating accrued interest, collecting and processing loan payments, and managing draws for small rehabs.
- Fielding and responding to inquiries from residents and community members.
- Related duties as required.
The stated desired qualifications will be used to identify job finalists at the end of the selection process when candidates are referred for hiring.
- A minimum of 2 years of relevant experience in affordable housing development and/or real estate finance, preferably in San Francisco.
- Possession of a baccalaureate degree from an accredited college or university in a field related to real estate development, planning, business, public policy, or finance.
- Excellent verbal and written communication and strong interpersonal skills.
- Strong analytical and quantitative skills.
- Strong organizational and project management skills.
- Knowledge of and intermediate-level experience with word processing and database and information management systems.
- Ability to work with windows-based computers and use multiple software applications simultaneously.
- Advanced ability with Excel spreadsheets, including development of complex mortgage loan models and budget variance analyses.
- Direct experience in the development and/or management of affordable housing assets including acquisition/rehabilitation, refinancing, resyndications, year 15 buy-outs and LP exits, capital improvements, affordable housing finance, pre-development, construction administration, and project close-out.
- Direct experience interpreting and enforcing compliance monitoring procedures and other elements of Federal, State and local governmental programs such as CDBG, HOME, LIHTC, tax-exempt bonds, HUD Section 811 and 202, Section 8 Project-based and tenant-based vouchers, CalHFA and HCD programs, and MOHCD programs, etc.
- Experience with contract negotiations and enforcement, especially government contracts.
- Experience in overseeing capital improvement projects related to housing or community facilities.
- Experience and expertise prioritizing multiple assignments with competing needs and continually revising priorities as conditions change. Ability to work with minimum supervision in a team environment and to handle detail-oriented work.
- Ability to drive an automobile and possession of a valid California driver's license, and to conduct on-site walking inspections, which often require climbing stairs.
1. Possession of a baccalaureate degree from an accredited college or university AND three (3) years of administrative/professional experience in community development, housing development, workforce development, finance, education, social work, children/youth work, or criminal justice; OR
2. Possession of a baccalaureate degree from an accredited college or university with a major in one of the following fields: public or business administration, urban planning, government, social work, education, finance or criminal justice AND two (2) year of administrative/professional experience in community development, housing and/or housing development, workforce development, finance, education, social work, children/youth work, criminal justice; OR
3. Possession of a Master's degree from an accredited college or university in public policy, planning, social work, public administration, finance, education, criminal justice, or business administration; AND one (1) year of administrative/professional experience in community development, housing and /or housing development, workforce development, finance, education, social work, children/youth work, or criminal justice; OR
4. Possession of a Juris Doctor degree from an accredited college or university AND one (1) year of administrative/professional experience in community development, housing and/or housing development, workforce development, finance, education, social work, children/youth work, or criminal justice.
Verifiable administrative/professional experience involving community development, housing and/or housing development, workforce development, finance, education, social work, children/youth work, or criminal justice may substitute for the educational requirement in Minimum Qualification #1 on a year-for-year basis.
The San Francisco Mayor’s Office for Housing and Community Development is hiring for multiple positions. You may review the various job descriptions and apply to join our amazing team through Smart Recruiters.
APPLICANT DEADLINE - Open until filled
Salary Range (9774) - $98,436 - $119,600
All your information will be kept confidential according to EEO guidelines.
CONDITION OF EMPLOYMENT: All City and County of San Francisco employees are required to be vaccinated against COVID-19 as a condition of employment. For details on how it is applicable to your employment, please click here.
The City and County of San Francisco encourages women, minorities and persons with disabilities to apply. Applicants will be considered regardless of their sex, race, age, religion, color, national origin, ancestry, physical disability, mental disability, medical condition (associated with cancer, a history of cancer, or genetic characteristics), HIV/AIDS status, genetic information, marital status, sexual orientation, gender, gender identity, gender expression, military and veteran status, or other protected category under the law.
Carol Isen - Human Resources Director