Salary : $57,086.91 – $80,937.00 Annually
Location : Alhambra, CA
Job Type: Regular
Remote Employment: Flexible/Hybrid
Job Number: 23084
Division: Housing Investment & Finance
Opening Date: 09/01/2023
Description
AFFORDABLE HOUSING ASSISTANT PROJECT MANAGER
DEVELOPMENT SPECIALIST II
FINANCE AND DEVELOPMENT UNIT
HOUSING INVESTMENT AND FINANCE DIVISION
$57,087- $80,937 Annually (DOQ)
REGULAR
The Los Angeles County Development Authority (LACDA) is a dynamic, innovative agency created in 1982 by the Board of Supervisors to generate affordable housing and economic redevelopment throughout Los Angeles County and participating cities. Funded primarily with federal grants, the LACDA is an industry leader in sponsoring new solutions to housing and forming partnerships with private and public agencies. To apply and find out more about the LACDA, please visit our web site at www.lacda.org.
DIVISION OVERVIEW
The Housing Investment and Finance Division administers federal, state, and local funds that are made available to for-profit and non-profit housing developers for the development and preservation of affordable and special needs housing. Additionally, it supports low- and moderate-income homeownership, single and multifamily home rehabilitation and sound mitigation, and various community and economic development projects and initiatives.
POSITION OVERVIEW
As part of the Finance and Development Unit within the Housing Investment and Finance Division, the Affordable Housing Assistant Project Manager – Development Specialist II works under the direct or general guidance of a supervisor and will be responsible for performing specialized and complex assignments for the purpose of creating new affordable and special needs/homeless housing, and preserving and expanding existing affordable housing.
The Assistant Project Manager is an entry-level position, where employees are expected to have knowledge of real estate development or affordable housing development and preservation and must be able to follow instructions on the management of projects, underwriting to determine a project’s financial feasibility, loan negotiation, construction monitoring, lease-up, and permanent financing. This position requires a highly organized self-starter who takes initiative to problem solve and manage multiple tasks with competing deadlines. The Affordable Housing Assistant Project Manager should exercise sound judgement and discretion along with the ability to communicate effectively with co-workers, developers, businesses, residents, County staff, and other community stakeholders.
Essential Job Duties
The below statements are intended to describe the general nature and scope of work performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required. Other duties may be assigned.
- Under immediate supervision:
- Reviews and analyzes affordable housing loan applications.
- Underwrites acquisition, predevelopment, construction, and permanent public loans.
- Prepares development and loan agreements, ancillary and collateral documents, and 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 LACDA funds at 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.
- Assists in procurement solicitation, evaluation, negotiation, and contract preparation.
- 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 Loan Committee and Board deliberation and approval.
- Performs a variety of administrative duties including disseminating Requests for Proposals or Qualifications, assisting in performing procurement tasks.
- Perform other related duties as assigned.
Qualifications
A combination of education and/or experience that provides the required knowledge, skills, and abilities to perform the essential functions of the position. A typical combination includes:
- Bachelor’s degree in Public Administration, Business Administration, Urban Planning, Real Estate Development, or related field.
- Two (2) years of experience in real estate project management, loan administration, or housing financing.
*Resume and cover letter must be submitted with your application
Desirable Qualifications:
- Master’s degree in Public Administration, Business Administration, Urban Planning, Real Estate Development, or a related field.
- Experience in housing underwriting and lending.
- Experience analyzing and reviewing real estate proformas to evaluate a project’s feasibility and compliance with agency guidelines.
- Experience with public financing resources for affordable and supportive housing development, Low-Income Housing Tax Credits, and/or tax-exempt bond financing.
- Knowledge of permanent supportive housing and services provided to special needs populations.
Knowledge of:
- Public lending requirements, workflow, and timing in the administration of a range of affordable housing funding sources, 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
Skill in:
- Composing comprehensive, well-written reports
- Communicating effectively orally and in writing
- 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
Ability to:
- Prioritize multiple projects utilizing effective time management skills
- Determine strategies to achieve goals
- Work independently
- Compile and analyze complex data
- Consult, facilitate, collaborate, and negotiate
Additional Information
Equal Opportunity
Los Angeles County Development Authority (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 Los Angeles County Development Authority, 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 and include an updated resume.
In the Work Experience section of your online application, provide a description of the work you performed as it relates to the position. For each job held, include the dates of employment, name and address of your employer, position title, hours per week, and supervisor.
Please thoroughly answer all supplemental questions. Do not answer “see resume”.
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
Following the review of application materials, the most qualified candidates will be contacted for an assessment test and/or interview. Please check the email account you used for the application process for a communication regarding the status of your application.
Salary compensation is dependent on qualifications (experience, education, knowledge, skills, and abilities). Initial salary placement is generally made between the start and mid-point of the posted range. New hires are not eligible to start at the maximum of the posted range.
Conditions of Employment
Prior to the start of employment, successful applicants will be subject to a post-offer medical examination and criminal background check as a condition of employment. Background check information will be considered in determining the applicant’s suitability for the position.
Successful applicants must possess a valid California Class C Driver’s License, an acceptable driving record, and must comply with the LACDA’s Motor Vehicle Safety Policy during employment.
Proof of authorization to work in the United States will be required at the time of hire.
Employment with the LACDA is at-will and may be terminated at any time with or without cause.
DEADLINE: SEPTEMBER 15, 2023 @ 11:59 PM
APPLY IMMEDIATELY, POSITION MAY CLOSE WITHOUT PRIOR NOTICE.
RECRUITMENT NUMBER: 23084
As a regular full time employee you are eligible to receive the following benefits offered by the Los Angeles County Development Authority(LACDA):
- Thirteen paid holidays*
- Ten days (80 hours) of Vacation based on years of service up to twenty days (160 hours) of vacation time subject to the conditions listed under LACDA Provided Leave
- Twelve days (96 hours) of sick time subject to the conditions listed under LACDA Provided Leave
- One (8 hour) floating holiday (must be utilized by December 31)
- $10,000 group Term Life and Accidental Death & Dismemberment Insurance Policy
- Short term and long term disability insurance
- Paid jury duty and witness leave up to 176 hours per year
- Paid bereavement leave up to three days is permitted in the event of death of an immediate family member
- Medical / Dental / Vision
- Flexible Spending Accounts (Health Care & Dependent Care)
- Supplemental Employee and Dependent Life Insurance
- Employee and Family Accidental Death & Dismemberment Insurance
- Employee Assistance Program
- CalPERS
- 457 Deferred Compensation Plan
- Bilingual Pay (if applicable)
In addition to the above, the LACDA’s Flexible Benefits Plan is authorized under Section 125 of the Internal Revenue Code, and permits employees to use pre-tax dollars to pay for their portion of the cost of benefits under the Plan through “Salary Redirection” arrangements.
As part of this plan the LACDA will contribute $1000.00 per month, effective on the first (1st) of the month following the completion of one (1) full month of compensated service.
Changes to CalPERS:
The LACDA is a participant of the California Public Employees Retirement System (CalPERS). Effective January 1, 2013, an employee who is hired by the LACDA and who is enrolled in CalPERS for the first time, is not eligible for CalPERS reciprocity OR has a break in service greater than 6 months (aka “New Member”), shall be enrolled in the CalPERS benefit formula of 2% at 62 and pay the 8.25% member contribution.
An employee who is hired by the LACDA from another CalPERS agency, or an agency with CalPERS reciprocity, or with a break in service of 6 months or less (aka “Classic Member”) shall receive the CalPERS benefit formula of 2% at 60 and pay 2.5% of the 7% member contribution. It’s important to note that if a member has a break in service of more than six months but returns to service with the same employer, the member would be considered a “Classic Member.”
*Traffic Court Specialist (TCS) employees receive one additional holidays.
For additional benefits information, please visit our website – www.lacda.org
01
Only your application and supplemental responses will be reviewed to determine minimum qualifications. PLEASE CHECK YOUR ANSWERS CAREFULLY. Mistakes or incomplete responses may result in disqualification. Do not rely on a resume or respond “see resume ” as it will not be used to determine qualifications. All information is subject to verification at any time in the examination and hiring process. Falsification of any information may result in disqualification or dismissal.
- I understand the information above
02
A resume and cover letter must be submitted with your application. If either document is not submitted, it may result in disqualification.
- I understand the information above
03
Please select your highest educational level:
- High School Diploma or GED
- Some College
- Associate’s Degree
- Bachelor’s Degree
- Graduate Degree
04
Please select the years of experience in real estate project management, loan administration, or housing financing.
- Less than 1 year
- 1 year, but less than 2 years
- 2 years or more
05
Please describe your experience in real estate project management, loan administration, or housing financing. In your response, please include the employer and dates where you gained this experience. If you do not have this experience, please type N/A.
06
Do you possess a Master’s degree?
- Yes
- No
07
Do you have experience in housing underwriting and lending?
- Yes
- No
08
Please describe your experience in housing underwriting and lending. In your response, please include the employer and dates where you gained this experience. If you do not have this experience, please type N/A.
09
Do you have experience analyzing and reviewing real estate proformas to evaluate a project’s feasibility and compliance with agency guidelines?
- Yes
- No
10
Please describe your experience analyzing and reviewing real estate proformas to evaluate a project’s feasibility and compliance with agency guidelines. In your response, please include the employer and dates where you gained this experience. If you do not have this experience, please type N/A.
11
Do you have experience with public financing resources for affordable and supportive housing development, Low-Income Housing Tax Credits, and/or tax-exempt bond financing?
- Yes
- No
12
Please describe your experience with public financing resources for affordable and supportive housing development, Low-Income Housing Tax Credits, and/or tax-exempt bond financing. In your response, please include the employer and dates where you gained this experience. If you do not have this experience, please type N/A.
13
Describe your knowledge of permanent supportive housing and services provided to special needs populations.
Required Question