Job Abstract

• Reviews and analyzes affordable housing loan applications.
• Underwrites acquisition, predevelopment, construction, and/or permanent public loans.
• Prepares development and loan agreements, ancillary and collateral documents, and project financing negotiates with developers.
• Ensures compliance with the LACDA’s financial, design, and supportive services requirements.
• Reviews and processes payment applications which include monitoring project budgets and disbursing of LACDA funds at loan closing, construction, and/or permanent conversion.
• Provides support for County homelessness and affordable housing initiatives.
• Provides support for the issuance of Notices of Funding Availability.
• Performs a wide variety of activities related to policy analysis and research, including designing, implementing, coordinating, evaluating, reporting, and monitoring programs and objectives for the purpose of the creation of new and preservation of existing affordable and special needs/homeless housing.
• Interprets County, state, and federal policies and regulations and converts to policies and procedures.
• Provides affordable housing technical assistance and guidance to partners and stakeholders.
• Prepares timely, complete, accurate, and concise written technical documents, including the preparation of reports for the deliberation and approval of HIF’s Loan Committee and the County Board of Supervisors.
• Performs a variety of administrative duties including disseminating Requests for Proposals or Qualifications, assisting in performing procurement tasks, and other duties as assigned.

• Bachelor’s degree from a four-year college or university with a degree in Public Administration, Business Administration, Urban Planning, Real Estate Development, or related field.
• Three (3) years of progressively responsible professional experience in affordable housing development and/or affordable housing development finance.

• A Master's degree in Public Administration, Business Administration, Urban Planning, Real Estate Development, or a related field.
• Two (2) years of progressively responsible professional experience in affordable housing development and/or affordable housing development finance.

• Experience in affordable housing underwriting and lending.
• Experience analyzing and reviewing real estate proformas to evaluate a project’s feasibility and compliance with agency guidelines.
• Experience in affordable housing development and finance within the public sector.

• Public and private affordable housing financing and local, state, and federal housing support and subsidizing programs.
• Public lending requirements, workflow, and timing in the administration of a range of affordable housing funding sources, especially as it applies to the leveraging of other public funding sources.
• Rules, regulations, and practices governing affordable multifamily housing development, acquisition/rehabilitation, and other housing-related activities.
• Issues and evolving best practices related to the development and operation of permanent supportive housing for homeless and special needs populations, including supportive services, property management, coordinated entry systems, rental subsidies, and local, state, and federal homeless programs.
• Financial analytical skills with an understanding of affordable multifamily housing finance; various funding sources, including Low-Income Housing Tax Credits and tax-exempt bond financing; experience interacting with housing developers and investors.
• Affordable housing project analysis and loan underwriting
• Knowledge of the issues and evolving best practices related to the development and operation of permanent supportive housing for homeless and special needs populations, including supportive services, property management, coordinated entry systems, rental subsidies, and local, state, and federal homeless programs.
• General understanding of public lending requirements, workflow, and timing in the administration of a range of affordable housing funding sources, especially as it applies to the leveraging of other public funding sources.
• Affordable housing financing strategies

• Composing comprehensive, well-written reports.
• Communicating effectively orally and in writing, including the preparation of reports, briefing papers, and correspondence.
• Analyzing situations, identifying problems, and recommending solutions.
• Exercising sound judgement when making decisions.
• Interacting professionally with various levels of employees, outside representatives, and public officials.
• Establishing and maintaining cooperative working relationships with colleagues at all levels
• High level of proficiency using Microsoft Office Suite.
• Financial analysis with an understanding of affordable multifamily housing finance; various funding sources, including Low-Income Housing Tax Credits and tax-exempt bond financing.
• Organization, coordination, problem solving, and time management, including the planning and managing of multiple projects with time sensitive deadlines.

• Prioritize multiple projects utilizing effective time management skills.
• Determine strategies to achieve goals.
• Work independently and with a team.
• Compile and analyze complex data.
• Consult, facilitate, collaborate, and negotiate.

Equal Opportunity

The LACDA is an equal opportunity employer. We are committed to creating a workplace culture that embraces diversity, equity, and inclusion to advance our mission of building better lives and better neighborhoods.

Reasonable Accommodation

If you are an individual with a disability and need to request reasonable accommodations under the Americans with Disabilities Act (ADA), please call the LACDA, Human Resources at (626) 586-1687 or via email at hr.recruiter@lacda.org.

Application Process

To be considered, all applicants are required to apply online by the filing deadline. Applications will be reviewed for possession of minimum qualifications and evaluated according to the essential functions of the job. In the Work Experience section of the application, applicants must demonstrate their experience by providing a clear description of the work performed as it relates to the position. Each job held must include the dates of employment, name and address of the employer, position title, hours per week, and supervisor. Please note resumes will not be reviewed to determine qualifications.

Supplemental questions are considered a part of the application process and must be carefully answered. All required questions must be completed before the application can be submitted. The supplemental questions will be used to evaluate the applicant's education, training, and experience. Depending on the size of the applicant pool, the supplemental questions may be used as part of the supplemental screening.

To receive credit for required education, applicants must attach a copy of their degree or official/unofficial transcripts. Please note foreign degrees (or degrees completed outside of the United States) require an evaluation of U.S. equivalency conducted by a credential evaluation service such as The National Association of Credential Evaluation Services (NACES) or the Association of International Credential Evaluators, Inc. (AICE).

Please include three (3) professional references in the "Reference" section of your application.
Failure to comply with this application process may result in disqualification.

Screening and Selection Process

Salary Compensation

Conditions of Employment

FILING DEADLINE: APRIL 24, 2024 @ 11:59PM

APPLY IMMEDIATELY, POSITION MAY CLOSE WITHOUT PRIOR NOTICE.

RECRUITMENT NUMBER: 24023