Director of Housing Finance

Job Description

Job Description

Join Mutual Housing California’s Mission to Build Equitable Communities! 

Are you passionate about affordable housing and empowering communities? Do you believe in creating vibrant, inclusive neighborhoods where everyone can thrive? Mutual Housing California is seeking dedicated professionals to join our innovative team and advance our mission of developing, managing, and supporting sustainable affordable housing where residents are partners in creating equitable communities.

Our team is our strength! 

When you join Mutual Housing California you will be surrounded by affordable housing professionals who are an experienced force for revitalizing low-income communities by strengthening neighborhood assets and developing community leadership.

About Mutual Housing 

At Mutual Housing California, we are driven by a powerful mission: to develop and manage sustainable affordable housing that strengthens neighborhood assets and empowers resident leaders. Founded with the vision of revitalizing low-income communities, we are a locally controlled nonprofit committed to addressing historic inequities by creating high-quality, affordable housing in safe, healthy neighborhoods. Our residents are at the heart of everything we do, partnering with us to build thriving, equitable communities.

We look forward to meeting you! 

If you’re inspired to join a mission-driven team dedicated to affordable housing and community empowerment, we want to hear from you!

Together, let’s create sustainable, affordable housing where residents and communities thrive!

Our compensation and benefits show how much we value our team.

• Medical, Dental, Vision, & Employee Assistant Program: Kaiser plan fully covered for Employee and dependents
• Optional Life, Long Term Disability, Critical Illness, Identity Theft Protection and Accident Insurance
• Generous paid time off, including 16 paid holidays which includes the week between Christmas and New Years
• 2 Floating Holidays (16 hours)
• 401K Plan with company match up to 6%

Position: Director of Housing Finance
Location: Sacramento (Hybrid)
Schedule: Full Time, Exempt, Monday – Friday 8:00 AM – 5:00 PM
Compensation: $130,000 - $170,000

Job 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 of Housing Finance is responsible for coordinating, monitoring and ensuring financial feasibility and compliance as they bring housing development projects through the financing, construction, and post construction phases of development, as well as supporting Mutual Housing’s growth by leading and/or assisting in designing and implementing systems for effective communications and information sharing both within the department, other Mutual Housing departments, and outside parties. The position will work 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, and joint ventures with other developers.

Responsibilities:

STRATEGY & NEW BUSINESS DEVELOPMENT

• Supporting VP of Real Estate in developing strategic goals and implementation strategies for Housing Development activities.
• Supporting organizational growth by assisting in designing and implementing communication and information-sharing systems within Housing Development and between Housing Development and other departments (Property Management, Community Development, Asset Management, Accounting, Communications), the board of directors, and outside partners.
• Providing analysis and recommendations to the Director of Acquisitions and VP of Real Estate on potential sites, purchase agreements, development plans, financing plans, and potential partners and partnerships.
• Sourcing, identifying, and evaluating potential new project sites and properties.
• Negotiating acquisition agreements, as applicable, with Director of Acquisitions.
• Conducting preliminary feasibility analyses and organizing critical community support.
• Researching and securing sources of predevelopment, construction, and permanent financing from public and private sources.
• Propose recommendations for lenders, investors and public programs

DEPARTMENT LEADERSHIP AND MANAGEMENT

• Coordinating with Housing Development Project Managers, Senior Project Managers, Assistant Project
• Managers and Interns and other any other HDV staff as they pursue project-specific work. This includes ensuring effective methods and high levels of quality control and timely delivery for housing development efforts in securing and closing on project financing, reviewing operating and development budgets and lender and investor documents, reviewing construction draws and monitoring budgets, and coordinating successful transitions through lease up, start of operations, cost certification, stabilization and conversion.
• Oversight specifically includes assisting Project Managers in working with financial/syndication consultants and recommending project lenders and investors to VP of Real Estate.
• Review and advise VP Real Estate a full array of development-related documents including loan documents, financing term sheets, applications to outside entities, grant and loan applications.
• Becoming actively involved in problem-solving on new and existing projects.. This may include taking the lead in negotiating and/or troubleshooting the most difficult or sensitive situations, especially those that involve outside parties.
• Recruiting, interviewing, making final recommendations in hiring Housing Development staff to VP ensuring they have safe and healthy work environment and ensuring staff have appropriate training.
• Assisting VP of Real Estate in developing annual department budget.

RELATIONSHIP MANAGEMENT AND REPRESENTATION OF MUTUAL HOUSING CALIFORNIA

• Developing and maintaining positive relationships with lenders, investors, and other project partners and outside parties.
• Making presentations to and negotiating with government agencies, public and private funders and community organizations.
• Providing staff support to one or more of the Board committees.
• Participating in cross-departmental leadership teams or other ad hoc Mutual teams as assigned.
• Participate in analyzing and advocacy on policy impacts on Mutual Housing development activities.
• Representing Mutual Housing on one or more boards of outside community and policy organizations. Would likely be related to local or statewide policy.

Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• At least seven to ten years’ progressive experience in housing development, with demonstrated project management skills and hands-on supervisory leadership in 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 utilizing and staying in compliance with low income housing tax credits, tax exempt bonds and other public and private financing programs.
• Well-organized, detail oriented, with ability to manage team work flow with multiple priorities; proficiency in financial analysis using Excel and with word processing software such as Microsoft Word.
• Strong verbal communication skills and evidence of clear writing ability. Strong presentation skills.
• Proven ability to provide motivational leadership while working collaboratively in team environment, including multicultural settings.
• Ability to perceive problems and initiate timely corrective action.
• Ability to develop and maintain cooperative relationships with prospective lenders, investors, public sector staff and officials, funders, and community organizations as well as other nonprofit organizations involved in housing development and services to low-income households.
• Must be able to travel to community locations within 90 mile radius of Sacramento office.
• Sensitivity to the needs and concerns of low-income individuals.
• Appreciation of and commitment to the mission & vision of Mutual Housing California.

Education / Experience:

• Bachelor's degree (B. A.) from four-year college or university. Bachelor’s or Master’s Degree in business administration, economics, finance, public administration, community development or other related field is preferred.

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.

**NO CALLS FROM STAFFING AGENCIES OR RECRUITERS PLEASE**

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