About this opportunity
LIHTC Leaders lists this Director of Housing Finance opportunity in sacramento, California. Review the employer’s description below for duties, qualifications and application requirements.
Job description
About The Employer
Mutual Housing California is a locally controlled nonprofit that develops and manages sustainable affordable housing that strengthens neighborhood assets and empowers resident leaders. Residents are partners in building thriving, equitable communities.
Location: Sacramento, CA
Work Arrangement: Hybrid
Employment Type: Full-time
Compensation: $130K-$170K
Role Summary
Reporting to the VP of Real Estate, the Director of Housing Finance provides leadership on the Housing Development (HDV) project financing and pipeline. The Director is responsible for coordinating, monitoring and ensuring financial feasibility and compliance as housing development projects move through the financing, construction, and post-construction phases of development, and for supporting Mutual Housing's growth by designing and implementing systems for communication and information sharing within the department, across Mutual Housing, and with outside parties. The position works with HDV Directors in sourcing, originating, coordinating, and implementing all aspects of the development process. Projects may include new construction, acquisition and rehabilitation, portfolio syndication, inclusionary housing, and joint ventures with other developers.
What You'll Do
Strategy & New Business Development
Support the VP of Real Estate in developing strategic goals and implementation strategies for Housing Development activities
Support organizational growth by designing and implementing communication and information-sharing systems within Housing Development and with Property Management, Community Development, Asset Management, Accounting, Communications, the board of directors, and outside partners
Provide analysis and recommendations to the Director of Acquisitions and VP of Real Estate on potential sites, purchase agreements, development plans, financing plans, and partnerships
Source, identify, and evaluate potential new project sites and properties
Negotiate acquisition agreements, as applicable, with the Director of Acquisitions
Conduct preliminary feasibility analyses and organize critical community support
Research and secure sources of predevelopment, construction, and permanent financing from public and private sources
Propose recommendations for lenders, investors, and public programs
Department Leadership & Management
Coordinate with Housing Development Project Managers, Senior Project Managers, Assistant Project Managers, Interns, and other HDV staff on project-specific work, ensuring quality control and timely delivery in securing and closing project financing
Review operating and development budgets and lender and investor documents, review construction draws and monitor budgets, and coordinate transitions through lease-up, start of operations, cost certification, stabilization, and conversion
Assist Project Managers in working with financial and syndication consultants, and recommend project lenders and investors to the VP of Real Estate
Review and advise the VP of Real Estate on development-related documents, including loan documents, financing term sheets, applications to outside entities, and grant and loan applications
Take an active role in problem-solving on new and existing projects, including leading negotiations or troubleshooting the most difficult or sensitive situations with outside parties
Recruit, interview, and make hiring recommendations for Housing Development staff, and ensure staff have appropriate training
Assist the VP of Real Estate in developing the annual department budget
Relationship Management & Representation
Develop and maintain positive relationships with lenders, investors, and other project partners and outside parties
Make presentations to and negotiate with government agencies, public and private funders, and community organizations
Provide staff support to one or more Board committees
Participate in cross-departmental leadership teams or other Mutual Housing teams as assigned
Represent Mutual Housing on one or more boards of outside community and policy organizations, likely related to local or statewide policy
Required Qualifications
At least seven to ten years of progressive experience in housing development, with demonstrated project management skills and hands‑on supervisory leadership overseeing complex development projects, with strong financial, legal, and community strategic and analytical thinking
Demonstrated experience negotiating and problem-solving with lenders, investors, public agencies, and other members of the development team
Knowledge of and experience using and staying in compliance with low‑income housing tax credits, tax‑exempt bonds, and other public and private financing programs
Well‑organized and detail‑oriented, with the ability to manage team workflow across multiple priorities; proficiency in financial analysis using Excel and in Microsoft Word
Strong verbal communication, writing, and presentation skills
Proven ability to provide motivational leadership while working collaboratively in a team environment, including multicultural settings
Ability to perceive problems and initiate timely corrective action
Ability to develop and maintain cooperative relationships with lenders, investors, public sector staff and officials, funders, community organizations, and other nonprofits involved in housing development and services to low‑income households
Ability to travel to community locations within a 90-mile radius of the Sacramento office
Sensitivity to the needs and concerns of low‑income individuals, and commitment to the mission and vision of Mutual Housing California
Bachelor's degree from a four‑year college or university
Preferred Qualifications
Bachelor's or Master's degree in business administration, economics, finance, public administration, community development, or a related field
Physical Requirements & Working Conditions
Sacramento-based, hybrid schedule, Monday-Friday 8:00 AM-5:00 PM. Requires travel to community locations within a 90-mile radius of the Sacramento office.
Benefits
Medical, dental, and vision (Kaiser plan fully covered for employee and dependents)
employee assistance program
401(k) with company match up to 6%
16 paid holidays including the week between Christmas and New Year's
2 floating holidays
generous paid time off
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Worksite address
sacramento, CA, 95828, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.