Housing Finance Analyst - Range 1

Job Description:

Housing Finance Analyst - Range 1

Description

Description

Classification: Represented by SHRA Employee Association
To finance, assist in the development of, and establish programs and policies that provide affordable housing and neighborhood revitalization

Candidates who most closely match the education and experience requirements may be invited to the Oral Exam for this classification. Candidates must successfully pass the oral exam in order to be placed on the eligible list for this classification. Candidates may be required to bring a copy of a cash flow statement that they have completed and present it to the panel as part of the examination.

Essential Areas of Responsibility

Through a variety of funding sources, the Development Department finances affordable housing developers to preserve and develop multifamily affordable housing in the City and County of Sacramento. In addition, the department works collaboratively with the City and County on the development and implementation of housing policy, including the City's and County's inclusionary housing programs and initiatives. This position will assume the duties outlined in the Job Description and will have responsibility for the housing finance data systems, internal and external reporting, GIS mapping, and assisting with housing policy research.

Education & Experience

Housing Finance Analyst I:

Education: Bachelor's Degree in Public Administration, Community Development, Urban Planning, Social Services, Business, Banking or related field AND

Experience: Minimum of one year experience in commercial real estate development, affordable housing, community planning, finance, or project delivery work in community development, redevelopment or similar organization.

Job Duties & Responsibilities

Program Development
• Develop housing finance programs that provide multifamily affordable housing and/or revitalize older deteriorated neighborhoods
• Seek funding from private and public entities to further leverage use of Agency funds and development objectives
• Undertake market studies and gather other relevant information on effective housing programs and financing

Project Implementation and Management
• Lead or participate in project teams for major housing developments or programs
• Manage contracting and performance of development-related entities (engineers, architects etc. ) for major projects
• Review applications for loan and grant financing and bond issuances leading to funding recommendations
• Complete financial analysis and risk assessments consistent with Agency underwriting policies and program guidelines
• Prepare proposals for developer selection and other required consultants, including bond counsel and bond underwriters
• Prepare reports and recommendations for governing board approval
• Prepare and review Agency loan and bond documents
• Coordinate intra-Agency communication with construction management and development staff to secure efficient project reviews
• Review complex legal documents related to Agency lending or guarantees
• Evaluate housing developments requesting financing under state or federal programs
• Organize, attend and coordinate meetings with developers, lenders and other related parties to communicate Agency programs and policies

Policy and Strategy Development
• Develop and articulate housing finance and development policies at local, state and federal levels
• Communicate Agency's positions at local, state and federal hearings
• Assist development staff in planning neighborhood strategies by providing technical expertise and project information
• Establish priority activities for Agency involvement and incorporation in Agency strategic plan
• Organize, attend and coordinate meetings with government officials to plan common strategies and policies for affordable housing finance and development

In addition to being a part of an influential organization in the Sacramento community, employees in this classification are eligible for many great benefits. Some of these benefits include:

• 12 paid holidays plus 3 floating holidays
• Agency closure the last full week of December
• 2 weeks of vacation per year with increasing accruals based on years of service
• 12 sick days per year
• Free Medical and Dental insurance for full family (through CalPERS)
• Free Vision insurance for up to Employee + 1
• CalPERS Pension Retirement
• $10,000 life insurance
• Bilingual pay - 5% additional
• Downtown parking subsidy of $175/month (eligible locations)
• Tuition and Student loan reimbursement up to $5,250 per year
• Professional Development opportunities

Retirement benefits
Employees who retire with SHRA are eligible for the following CalPERS benefits.

• CalPERS pension
• Free medical insurance after retirement after 20 years of service

Additional benefits

• Bilingual certified staff receive an additional 5% each pay period once they have been tested and certified as a bilingual resource.
• SHRA employees are eligible for Agency-paid student loan repayments up to the IRS limit of $5,250 per calendar year through 2024.
• SHRA is also a qualified employer for the Public Service Loan Forgiveness (PSLF) program. The PSLF program forgives the remaining balance on your Direct Loans.

Closing Date/Time: Continuous

Salary:

$68,532.99 - $87,467.27 Annually