Affordable Housing Lending Manager

What You’ll Be Doing

Dream Job Alert!! $5,000.00 Sign On Bonus! Remote Work Option

The Affordable Housing Lending Manager leads innovative development and preservation programs providing affordable housing across the County. A highly visible position within the Housing Affordability & Community Revitalization Department and a key member of the Equitable Housing and Community Development Division management team, this position oversees the County’s Affordable Housing Development Program, the Wake Affordable Housing Preservation Fund, and Affordable Homeownership Program.

The ideal candidate for this position is knowledgeable about affordable housing development, particularly multifamily development and the Low-Income Housing Tax Credit program, and is able to independently manage the programs in their portfolio.

Essential Functions:
-Administers the Affordable Housing Development Program to provide gap financing to affordable housing developments, primarily those leveraging Low Income Housing Tax Credits. This includes financial underwriting of proposals.
-Oversees the $61.6 million Wake Affordable Housing Preservation Fund, managing the Fund Administrator contract, advising on underwriting decisions where needed, and evaluating reporting.
-Manages the administrator contract for the Affordable Homeownership Program by providing technical assistance, monitoring program activity, and implementing changes where necessary.
-Cultivates and maintains relationships with developers and other partner organizations to promote Wake County affordable housing goals and programs.

For positions with a remote work option, all Wake County Government remote workers must reside in one of the following states or districts: North Carolina, Florida, Georgia, South Carolina, Maryland, Tennessee, Virginia, Pennsylvania, or Maine.

About Our Team

Wake County Department of Housing Affordability and Community Revitalization goal is to ensure that quality affordable housing is available and accessible for all Wake County residents. As the population and economy continue to grow in Wake County, the need for affordable housing development and preservation increases. Not only do more units of affordable housing need to be built, but housing services must be provided to support families and individuals to access or maintain safe, decent, affordable housing. Affordable housing is also critical to preserving Wake County’s economic competitiveness by offering housing to workers of all income levels, supporting housing stability and economic opportunity for its residents, and furthering Wake County’s commitment to healthy and inclusive growth. The Department’s programs include Community Revitalization, Development Financing, Homeless and Prevention Services, Emergency Shelter, Support Services and Permanent Supportive Housing. The Housing and Community Revitalization (HCR) Division operates to increase and preserve affordable housing through development and revitalization efforts benefiting the million residents of the County, in coordination with twelve municipalities and development partners. It also ensures the administration and compliance for Federal grant and locally funded programs focused on neighborhood revitalization, rehabilitation, development, and public infrastructure projects benefiting low and moderate-income households.

The Basics (Required Education and Experience)

• Bachelor’s degree
• Four years of experience job-related experience
• Equivalent education and experience are accepted

Beyond the Basics (Preferred Education and Experience)

• Master’s Degree in one of the following disciplines: Finance, Community Development, Public Administration or Business Administration
• Five (5) years of Housing Development Finance including: Project Financing, Valuation, Loan Administration, Real Estate, and/or Underwriting Direct experience within an Affordable Housing Program. Familiarity working in or with the Multifamily mortgage industry or financial institutions
• Master’s degree in Finance, Community Development, or Public Administration

How Will We Know You’re ‘The One’?

• Detailed understanding of various housing financing strategies and grant compliance
• Significant experience with affordable housing development finance, lending, and underwriting
• Excellent speaking, listening and written communication skills including the ability to negotiate complex financial transactions and facilitate the implementation of new programs
• Demonstrated successful ability to participate in a multidisciplinary team with the willingness to examine relevant viewpoints and explores alternative approaches
• Critical problem solving and analytical thinking skills to identify program needs and propose viable solutions
• Ability to provide project management and oversight for consultants and partners to evaluate, design and launch programs
• Possesses the ability to manage a number of priorities simultaneously, as well as establish and meet deadlines
• Ability to build solid cross-functional relationships internally and externally to identify and maintain partnerships and research best practices
• Ability to take prompt action to accomplish objectives
• Ability to take action to achieve goals beyond what is required
• Ability to be proactive
• Provides excellent customer service in all interactions, including the ability to make decisions without regard to that personal prejudices, biases, and experiences

About This Position

Location: Waverly F. Akins Wake County Office Building Raleigh, NC 27602
Employment Type: Regular
Work Schedule: Mon – Fri 8:30 am – 5:15 pm
Hiring Range: $63,386 -$72,240
Posting Closing Date: 7:00 pm on 12/6/2022

Apply Here