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City of Charlotte-Housing Trust Fund Manager

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Charlotte
 NC
Postal Code
28202
Country
United States

This job is no longer active.

Description


Charlotte’s local government, with more than 7,000 employees and a $2.39 billion budget, works hard to ensure that the community will be a winning city for everyone – a truly remarkable place to live, work, learn and play.

Housing & Neighborhood Services focuses on creating vibrant, diverse neighborhoods through the delivery of four major service areas: Community Engagement, which works to create successful neighborhoods where people of diverse backgrounds and incomes can build successful lives, Code Enforcement, which works to improve the appearance of communities and maintain standards of living, Housing Services, which provides a wide array of programs and services for families residing the City of Charlotte, as well as CharMeck 311, which provides important information and services for customers in the City of Charlotte and Mecklenburg County.

Function: Community

Job Title: Housing Trust Fund Manager (job code 267900 HNS Program Manager)

Summary: The Housing Trust Fund Manager fills a critical senior leadership position within the Housing Services Division. This position oversees the management of the City’s Housing Trust Fund, a multimillion-dollar investment tool designed to create and preserve below market rate housing options in the City of Charlotte. The HTF Manager is responsible for the full life cycle of HTF investments including developing requests for proposals, reviewing proposed developments, financial underwriting, due diligence, contract development, loan closing and construction oversight.  

Major Duties and Responsibilities:

This position will manage the City’s Housing Trust Fund (HTF), including city-funded multi-family and single-family developments.  Duties include:

  • Administering the HTF Request for Proposal process, underwriting, evaluating, and preparing financial commitments and loan closings to approved developments.
  • Financing and approval of all draw requests for construction.
  • Monthly/quarterly project reports, providing research and analysis on affordable housing as required, and reviewing all rezoning petitions to provide housing department comments.
  • Provides Charlotte-Mecklenburg Home Consortium and Community Housing Development organizations technical assistance and financing housing programs and developments.

Knowledge, Skills & Abilities:

  • Experience in financing affordable housing is required.  Ability to prepare computer generated financial proforma, cash flow reports and can blend financial analysis techniques with problem-solving skills.  Proven ability to handle multiple high-pressure complex projects creatively, flexibly, and independently.
  • Sound understanding of the affordable, rental, multi-family development process and at least five years’ experience in affordable multi-family real estate development, management, financing, construction, and rehabilitation, including at least one year of experience in program and project management
  • Multi-family underwriting experience and the ability to independently assess the financial feasibility of proposed developments
  • Understanding of multi-family asset management
  • Understanding of multi-family ownership entities, debt structuring and equity financing, and single-family mortgage financing packages for single and multi-family housing new construction and rehabilitation projects
  • Ability to establish and analyze financial models that will contribute to the development of affordable and workforce housing
  • Working knowledge of multi-family operations and federal and state housing and community development regulations, programs and resources
  • Working knowledge of general, financial, and construction administration; inspection, and housing mortgage and financing
  • Excellent Interpersonal, oral and written communication skills
  • Ability to work with for profits and non-profit developers, charitable groups, and provide information on City housing programs
  • Ability to exercise good judgment, think strategically with innovative ideas and focus on detail as required by the job

Preferred Qualifications:

  • Graduation from a four-year college or university in public or business administration, or finance; or an equivalent combination with at least seven years of experience 
  • A master’s degree is preferred with five years of experience or a demonstrated record of equivalent experience and training.
  • Coursework in finance, accounting, public administration, community development, urban planning and real estate.
  • Housing Development Certification a plus.
  • Bilingual skills (Spanish/English) a plus, but not required
Minimum Qualifications:
High school graduation or equivalent and seven years relevant work experience, OR Associates degree and five years relevant work experience, OR Bachelor's level degree and three years relevant work experience, OR Master's level degree and one year of relevant work experience

Salary:  $79,519 to $86082, based on experience

How to Apply:  Please submit your application at www.charlottenc.gov 


 
 

Experience


5+ to 7 years


This job is no longer active.

Development Government/Education Charlotte Full Time NC Business Development, Financial Analysis, Underwriting Affordable Property Developer other