Development Officer

Salary Salary: $90,984.92 - $127,379.31 Annually Application Deadline Application Deadline: N/A Lacda Overview The Los Angeles County Development Authority (LACDA) is a dynamic, innovative agency created in 1982 by the Board of Supervisors. The LACDA’s core pillars include housing and community development programs that benefit the unincorporated Los Angeles County areas and various incorporated cities that participate in LACDA programs. 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 find out more about the LACDA, please visit our web site at Definition Under general direction, the Development Officer performs a variety of professional administrative, technical, and analytical duties in support of the Finance and Development unit within HDP. The Development Officer is responsible for managing LACDA’s loans and other interests on multiple affordable housing projects from project conception through completion. This position underwrites acquisition, predevelopment, construction, and permanent public loans; conducts feasibility analysis; negotiates loan terms and conditions; reviews and monitors the loan development and construction process; provides technical assistance to LACDA’s borrowers; may administer RFPs; and performs related duties, as assigned. Essential Job Duties Performs a variety of responsible and complex administrative, technical, and analytical duties in support of development projects awarded through the Authority’s NOFA and other solicitation processes; ensures compliance with applicable laws, policies, and guidelines, including NOFA guidelines and regulatory requirements associated with other funding sources. Participates in the administration of select project phases, including but not limited to predevelopment, construction loan closing, construction, project lease‑up, or permanent loan conversion. Analyzes a variety of loan documents, verifications, and financial proformas necessary for loan approval; performs loan underwriting and review of due diligence items, ensuring compliance with Authority requirements. Verifies and reviews forms and reports for completeness and conformance with established regulations and procedures; applies Authority, departmental, and program policies and procedures in determining completeness of applications, records, and files. Serves as a liaison with developers, lenders, contractors, vendors, project managers, other agencies, and Authority staff to obtain and relay information and to coordinate activities among stakeholders. Prepares and processes various documents which may include contracts, agreements, legal/official documents, applications, correspondence, and periodic reports. Assists in negotiating, collaborating, and conferring with developers, contractors, consultants, lenders, and other stakeholders involved in project execution. Prepares, composes, and edits a variety of written communications including reports, correspondence, legal documents, contracts, agreements, Requests for Proposals, tax credit and loan applications, Loan Committee reports, and financial documents related to assigned responsibilities; reviews documents for accuracy, completeness, and conformance to applicable standards and regulations prior to approval by management. Conducts research, analyzes information, and prepares comprehensive reports on topics related to assigned projects and programs. Organizes, coordinates, maintains, and updates departmental record systems; enters and updates information with departmental activity, files, and report summaries; retrieves information from systems as required. Performs other related duties as assigned. Qualifications Education and Experience: Any combination of education and/or experience that provides the required knowledge, skills and abilities to perform the essential functions of the position. Additional experience, as outlined below, may be substituted for required education on a year‑for‑year basis. Education Equivalent to a bachelor’s degree from an accredited college or university with major coursework in business or public administration, sociology, finance, urban planning, or other field related to assigned area of responsibility. Experience One (1) year of responsible experience providing administrative and/or project support related to real estate development, affordable housing programs, loan administration, housing finance, or a related field. Desirable Qualifications Experience performing affordable housing loan underwriting and lending. Experience analyzing and reviewing real estate proformas to evaluate a project’s feasibility and compliance with agency guidelines. Experience identifying public funding sources for affordable and/or supportive housing development such as Low‑Income Housing Tax Credits, tax‑exempt bond funding and/or other similar federal or local housing finance sources. Master’s degree in Public Administration, Business Administration, Urban Planning, Real Estate Development, Finance, or a related field. #J-18808-Ljbffr Better Angels Inc.