Associate Director, Real Estate Finance – Housing Community Developer V

Job Description

Job Ttitle: Associate Director, Real Estate Finance – Housing Community Developer V

Company: Fairfax County
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Description: Make a difference – join our team to empower communities and build futures!The Fairfax County Department of Housing and Community Development works in partnership with the Redevelopment and Housing Authority to serve the people of Fairfax County by creating housing opportunities to promote inclusive and thriving communities. Help make our vision of a community everyone can afford to call home a reality!We are looking for a housing finance professional who wants to make a real difference in the community and grow professionally as part of one of the finest affordable housing teams in the nation. Join a team of passionate public servants who bring a full suite of policies, programs, and financial tools to help solve the affordability crisis. In addition to deploying the many lending tools and authorities of this unique agency, the Associate Director of Real Estate Finance helps determine the strategic direction of the Division. This position reports to the division director for Real Estate and Community Development Finance and is responsible for the complete operations of Real Estate Finance (REF), including structuring and closing complex affordable housing financing transactions. The position provides supervision to highly skilled and specialized staff including Housing Community Developer IVs. The position will manage the underwriting process for loans, and tax-exempt bonds, and manage self-development deals as well. Working collaboratively with other county departments, outside agencies and third-party developers, and financing partners is a critical part of this position.The candidate must have a deep understanding of real estate and affordable housing finance and how to structure and negotiate real estate transactions for public benefit. The candidate will have experience in underwriting, negotiations, and project closings, as well as in housing programs and policy. The candidate will need to take projects and funding requests through the county’s internal approval process, as well as obtain funding awards from outside lending agencies and investors. The candidate will have strong project management, planning, communication, and analytical skills, as well as the ability to build relationships across sectors and partner with both internal and external stakeholders.The assigned program areas of this position are: Affordable housing finance, financial transactions, real estate finance, municipal bonds, Low-Income Housing Tax Credit (LIHTC).Read about Fairfax County Department of Housing and Community Development, click . And review the Fairfax County Redevelopment and Housing Authority Fiscal Year 2023 annual report.We are committed to the One Fairfax Policy by intentionally considering equity when making policies, delivering programs and services, considering diverse ideas and perspectives, and communicating with transparency in the decision-making processes. Click here to learn more about the policy.Working for Fairfax County Government offers a culture of well-being that empowers, educates, and engages employees and promotes a holistic approach to physical, mental, emotional, social, spiritual, and financial wellness.Watch these videos to learn more:

• Click

to watch a video on Working for Fairfax County Government * Click
to watch a video on benefits offered by Fairfax County Government.MINIMUM QUALIFICATIONS:
(Click on the aforementioned link to learn how Fairfax County interprets equivalencies for “Any combination, experience, and training equivalent to”) Graduation from an accredited four-year college or university with a bachelor’s degree in a related field of study such as planning, engineering, architecture, economics, construction science, business or public administration, finance, real estate, social work, public policy or other related field; Plus five years of experience related to an assigned program area. PREFERRED QUALIFICATIONS:

• A leader who derives satisfaction from the success of others, mentoring, and professional growth.
• Meaningful experience analyzing and executing complex commercial transactions, managing legal risks, and negotiating complex agreements and financial instruments.
• Thorough understanding of affordable housing related market forces including general real estate principles, supply and demand economics and other multifamily demand drivers.
• Experience in affordable housing development financing and working knowledge of local, state and federal housing programs and financing tools, including LIHTC.
• Demonstrated effective negotiation skills, and ability to build strong relationships with development partners, investors, banks, funding agencies, and other entities.
• Ability to successfully manage transactions of a varied and complex nature, organize multiple tasks and set team priorities while meeting project deadlines.
• Exceptional written and verbal communication skills, including the ability to communicate high-level information to a non-technical audience and expertise in synthesizing data and crafting a compelling narrative in presentations.

NECESSARY SPECIAL REQUIREMENTS:

• The appointee to the position must satisfactorily complete a criminal background check.
• This position is considered essential personnel and will be required to report to work during times designated countywide as approved for unscheduled leave regardless of the emergency situation (i.e., weather, transportation, other disaster).

PHYSICAL REQUIREMENTS:
Work is generally sedentary in nature; however, incumbent is required to frequently move about to perform office work such as accessing files, attending meetings, making presentations, operating general office equipment, and performing other essential job duties; may be required to move items up to approximately 15 pounds in weight. Ability to read information on a computer monitor; effectively communicate; operate keyboard-driven equipment and computer. All duties performed with or without reasonable accommodations.SELECTION PROCEDURE:
Panel interview.The population of Fairfax County is very diverse where 38.7% of residents speak a language other than English at home ( ) and we encourage candidates bilingual in English and a foreign language to apply to this opportunity.Fairfax County Government prohibits discrimination on the basis of race, color, religion, national origin, sex, pregnancy, childbirth or related medical conditions, age, marital status, disability, sexual orientation, gender identity, genetics, political affiliation, or military status in the recruitment, selection, and hiring of its workforce. Reasonable accommodations are available to persons with disabilities during application and/or interview processes per the Americans with Disabilities Act. Contact 703-324-4900 for assistance. TTY 703-222-7314. EEO/AA/TTY.#LI-CP1

Salary:

Location: Fairfax, VA

Date: Mon, 30 Dec 2024 03:12:20 GMT
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