Development Officer

Please go to for details of this position and to apply.

Special Note: The posted salary is an estimate of the potential annual pay. Final offer will be dependent on qualifications and experience.

Anticipated Hiring Pay Scale : Candidates can expect to be hired within the 8-step annual salary range of $170060.80 - $209144.00.

***POSITION OPEN UNTIL FILLED***

Characteristics of the Class: Under general direction and reporting to the Director of Development the Development Officer (DO) performs complex professional work of considerable difficulty managing HACLAs real estate portfolio including development redevelopment repositioning of assets and acquisition. The DO represents HACLA with external stakeholders in advancing assigned projects and is responsible for the successful execution of assigned projects including financial feasibility budget schedule regulatory approvals transaction closing construction conversion and transition to operations and asset management.

The DO works independently to direct and coordinate a development team relying on internal and external project staff third party consultants and development partners to source and evaluate development opportunities negotiate the repositioning of assets acquisition and rehabilitation of new assets and redevelopment of large complex public housing sites among other projects. The Development Officer is responsible for leading project due diligence and delivery establishing milestones and budgets and securing public and private financing. Additionally the DO will lead the underwriting and negotiating terms for purchase agreements development and consultant contracts purchase and sale agreements along with property and ground leases and complex financing documents related to real estate transactions. The DO also leads financial and real estate closings coordination of required executive and Board approvals and will work closely with the City State HUD and other regulatory bodies on entitlements underwriting reporting environmental review financing applications relocation and other community stakeholder related obligations.

Examples of Essential Functions:

• Oversight and management of complex real estate projects which includes affordable and market-rate housing acquisitions development and rehabilitation programs and operations; major public infrastructure projects; and mixed use mixed income development from inception and predevelopment through construction conversion and transition to operations and Asset Management.
• Leads and coordinates real estate and financial closings and project conversion activities including satisfaction of lender investor and public agency requirements permanent financing conversion cost certification placed-in-service requirements and issuance of IRS Form 8609s where applicable.
• Prepares scopes of work Requests for Proposals Requests for Qualifications and other related documents with respect to development projects; coordinates and organizes documents related to the procurement process and leads a team that reviews analyzes and evaluates development solicitation proposals received in response to such procurements; and analyzes and manages the resulting services contracts schedules and budgets.
• Identifies and develops project acquisition and funding opportunities; and feasibility analyses of new acquisition and development projects including development budgets sources and uses preparing and reviewing development and operating proformas cash flows and financing scenarios and other financial analyses.
• Identifies pursues and negotiates public and private financing sources including tax credits tax-exempt bonds conventional debt public subsidies grants and other financing sources; coordinates with lenders investors public agencies and financial consultants through financial closing and conversion.
• Negotiates reviews interprets and guides execution of development-related agreements including ground leases joint development agreements exclusive negotiation agreements reciprocal easement agreements and covenants; helps resolve legal contractual and technical issues by working with internal and outside counsel on such agreements including purchase and sale agreements financing documents and regulatory agreements where applicable.
• Analyzes and interprets real estate appraisals development proformas project budgets and other financial information related to development projects and uses such analyses and interpretations to inform development related agreements including working with financial consultants to complete review and negotiation.
• Provides owner-level oversight during design and construction including monitoring project scope schedule budget contingency change orders financing requirements and significant project risks and coordinates with architects engineers contractors construction manager(s) development partners and consultants to resolve issues affecting project delivery.
• Directs and manages master planning including California Environmental Quality Act (CEQA) and National Environmental Policy Act (NEPA) processes for large redevelopment projects; coordinates with third party consultants resident and community organizations and project partners on the preparation of planning documents according to project schedules.
• Reviews monitors and evaluates the effectiveness and efficiency of programs and services methods and procedures; supervises and coordinates activities of staff; consults with and assists various HACLA officials and agency representatives in the resolution of problems; makes recommendations or takes corrective action as appropriate.
• Coordinates development activities with HACLA departments outside agencies and organizations including legal counsel; provides staff assistance to the Chief Strategic Development Officer; prepares and may present reports updates and other necessary communications.
• Organizes and leads community outreach efforts and facilitates stakeholder and leaseholder meetings to garner support receive input related to any projects as well as provide important information which can includes coordination of relocation right-to-return commitments and other applicable resident protections for assigned projects.
• Guides the development and implementation of Development Services goals objectives policies budgets and priorities for assigned portfolio; recommends appropriate service and staffing levels; allocates resources accordingly.
• Participates in the development of departmental policy and procedures; recommends and assists with the implementation of policies and procedures in assigned activities.
• Attends participates and may present at professional meetings and conferences; stays abreast of new trends and innovations in the fields of real estate urban planning finance redevelopment and affordable housing development and rehabilitation.
• May be required to drive a vehicle to different sites and/or locations.
• Performs other related duties as may be assigned.

Knowledge of and Track Record in Utilizing:

• The theories principles and practices of real estate development transit-oriented development land use planning urban design project management contract administration and negotiation and business and public administration.
• Principles and practices of municipal planning including environmental regulations and public policy issues land use entitlements and obtaining approvals and permits from other agencies.
• Principles of community development and public engagement.
• Large scale multi-family development and redevelopment activities including utilization of low-income tax credit and bond financing.
• Project cash flows pro-forma of financial statements sources and uses of funds to maximize the potential returns to HACLA from its assets and from the sale of tax credits and revenue bonds to potential investors and other funding sources.
• Pro-forma analysis of development costs cash flow operating costs including direct construction costs and related activities.
• Approaches with obtaining tax-exempt financing preparing bid documents for soliciting investors lenders underwriters and/or credit enhancers and assisting with negotiations.
• Preparing applications for private and public funding from other government agencies.
• Negotiating fees expenses and terms of investment and closing financial transactions.
• Partnership agreements disposition lease and loan agreements especially relative to Department of Housing & Urban Development (HUD) regulations.
• Negotiation and deal structuring with developer/partners property owners and government agencies.
• Preparation negotiation and finalization of construction contracts loan documents and assistance with resolution of financing issues for each component of the project and other related agreements.

Minimum Requirements:
Education and Experience:
Bachelors Degree in Business Administration Economics Public Administration UrbanPlanning Real Estate Management Engineering Architecture or a closely related field - AND - Six (6) years of work experience in public housing affordable housing or a real estate redevelopment environment; including at least (3) three years of senior level management experience; or the equivalent combination of education and experience which meet the minimum qualifications requirement.
Desired Qualifications:

• Experience in sourcing structuring and negotiating real estate transactions preferably with experience in affordable housing transactions which include public subsidies low-income housing tax credits and tax-exempt bonds.
• Advanced management experience in reviewing creating preparing and modeling real property financing which shall include work in government-assisted programs for developing and financingmixed-use/mixed-income affordable and market rate developments including both multifamily housing and commercial elements.
• Experience managing complex real estate development projects through multiple phases of the development lifecycle.
• Extensive experience in Excel creating pro formas budget planning and control fiscal management and personnel administration.
• Advanced experience in project management inclusive of direct oversight of real estate and community development projects.
• Advanced experience in real estate underwriting including the ability to independently evaluate complex development and acquisition opportunities prepare and review development and operating pro formas sources and uses cash flow projections investor level returns financing structures sensitivity analyses and assess overall project feasibility and risk.
• Masters Degree in Business Real Estate Finance Economics Urban Planning or related field.

Special Requirement : Must possess a valid California Class C Drivers License.

APPLICATION PROCESS

Applications will be reviewed for relevant experience education and/or training. Applications must be detailed and complete for proper evaluation. Resumes may be included but may not be submitted in lieu of application content . Only the most-qualified applicants will be considered and may be invited to the interview and selection process.

SELECTION PROCEDURE Applications will be reviewed for relevant experience education and training. The application must be detailed and complete for proper evaluation.

HIRING INFORMATION
All job offers are contingent upon providing a successful completion of a pre-employment evaluation which includes: a post-offer medical examination (includes drug and alcohol screening) criminal records check employment history and education verification and documentation of the right to work in the United States.

Candidates will start at step o ne (1) of an eight (8) step salary range unless there are special exceptions in accordance with agency Personnel Rules.

DISABILITY ACCOMMODATION
Testing Accommodations: If you require an accommodation due to a physical mental or learning disability please call or email no less than 72 hours prior to testing date for special assistance. Special testing accommodations may be arranged if verification of the disability is provided by a physician rehabilitation counselor or other authority.

Candidates who require a reasonable accommodation in any portion of the selection process should state their need in writing when submitting an application.

NOTE: The provisions of this announcement do not constitute an expressed or implied contract and any provisions contained in this announcement may be modified or revoked without notice.

We are an Equal Opportunity/Affirmative Action Employer.

Pursuant to the Housing Authority of the City of Los Angeles Conflict of Interest Policy new and existing employees are required to refrain from participating in activities employment or enterprises which are in conflict with public interest and/or with his or her duties as an employee of the Authority. A copy of the Conflict of Interest Policy may be obtained by visiting our website at:

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Required Experience:

Unclear Seniority