Real Estate Finance and Grants Management, Division Director



Real Estate Finance and Grants Management, Division Director

Salary

$100,986.00 - $171,677.00 Annually

Location

FAIRFAX (FH22), VA

Job Type

FT Salary W BN

Job Number

22-00748

Department

Housing & Community Dev

Opening Date

04/09/2022

Closing Date

4/22/2022 11:59 PM Eastern

Pay Grade

S33

Posting Type

Open to General Public

Job Announcement

This job opportunity is being re-announced. If you applied previously, you do not need to re-apply to be considered.

The Department of Housing and Community Development (HCD) is seeking an experienced leader to serve as the Division Director for Real Estate Finance and Grants Management. This is an exciting opportunity to support the Fairfax County Redevelopment and Housing Authority (FCRHA) in its work to preserve, expand and facilitate affordable housing opportunities in Fairfax County. Directs and supervises a key division in HCD composed of professional, technical and administrative staff responsible for two broad areas of operations:

Real Estate Finance - Branch overseeing the following functions: tax credit financing, the use of short-term debt incurred by the FCRHA and its affiliated entities, all FCRHA bond issues, syndication of housing tax credits, and all FCRHA lending and equity investments.

Grants Management - Branch responsible for the management of major federal grants on behalf of HCD and the FCRHA.

These two operational areas fund or finance a broad array of affordable housing and community development programs and participate in real estate development.
Organizes and directs all real estate financing functions in accordance with federal, state, local and investor requirements including establishing policies, procedures, and loan underwriting standards. Establishes and maintains relationships with bond and tax credit investors, lenders, and grantors. Oversees the competitive process for local and federal affordable housing development funds and acts as key liaison to the housing finance industry and the local affordable housing development community. Serves as a member of HCD's senior management team which plans, implements, administers, and evaluates county-wide housing and community development strategies, programs and services. Acts as a lead in negotiating terms of loans, grants, equity investments, and other forms of financing capitalized by federal, state, and local sources. Oversees the coordination of the Consolidated Community Funding Advisory Committee. Oversees preparation of grant applications, the award of contracts for federal Community Development Block Grant (CDBG)/HOME funds, and monitoring of compliance with contract terms and conditions.

Visit the HCD Website (please link to https://www.fairfaxcounty.gov/housing/ ) to learn more about the great work we’re doing in the community

Illustrative Duties

Serves as a member of HCD’s senior management team which plans, implements, administers
and evaluates County-wide housing and community development/revitalization strategies,
programs and services;
Manages a large division with responsibility for multiple programs, projects and various federal
and local regulations;
Establishes financing policies and procedures in accord with FCRHA, County, Federal, State and
Lender/Investor Requirements;
Establishes underwriting procedures, internal controls and ensures compliance of loans
originated by the FCRHA;
Assures compliance as a FHA mortgagee for the FHA co-insurance program;
Supervises preparation of pro forma analyses, long term cash flow analyses, feasibility analysis,
source and use statements, and a variety of financial reports;
Oversees the issuance of tax exempt bonds and the syndication of low income housing tax
credits for the FCRHA;
Acts as a lead in negotiating terms of loans, grants, equity investments, and other forms of
financing capitalized by funds provided through the Housing Flexibility Fund, the Housing Trust
Fund, federal and other state and local sources;
Negotiates fees for FCHRA/HCD services as a lender;
Negotiates terms and conditions of FCRHA bond documents, loan agreements, partnership
agreements to meet the best interest of the county and FCRHA;
Cultivates and maintains relationships with bond trustee, bond holders, partners and investors;
Coordinates preparation and reviews all items from the Real Estate Finance and Grants
Management Division to the Board of Supervisors, FCRHA and FCRHA Committees.
 

Required Knowledge Skills and Abilities

Extensive knowledge and experience in real estate finance, particularly tax exempt bonds, debt
financing, housing tax credits;
Extensive experience in structuring and negotiating complex financing transactions;
Extensive knowledge of federal, state, and local housing programs, regulations and standards;
Thorough knowledge of, and ability to effectively apply, managerial methods, practices, theories,
and processes;
Knowledge of the laws, regulations and standards pertaining to financial management of Created programs;
Knowledge of the issues relating to public and private participation in real estate acquisition/sale,
financing and construction;
Knowledge of business process re-design methodologies;
Ability to plan, organize, coordinate, assign and evaluate the work of professional and support
staff in a complex, highly interactive work environment;
Ability to direct programs requiring coordination with other governmental agencies, private
developers, lending institutions and citizen organizations;
Ability to conduct needs assessment and strategic planning;
Ability to communicate effectively, both orally and in writing;
Ability to structure, prepare and deliver concise, understandable presentations on complex
issues;
Ability to establish and maintain effective working relationships with elected and appointed
officials and representatives of public, private sector and community organizations.

Employment Standards

EMPLOYMENT STANDARDS: 
Any combination of education, experience, and training equivalent to the following:(Click on the aforementioned link to learn how Fairfax County interprets equivalencies for “Any combination, experience, and training equivalent to”) Graduation from an accredited four-year college or university with a bachelor’s degree in Real Estate Finance, Public or Business Administration, Information Systems or a related field, plus six years of progressively responsible managerial experience conducting and directing real estate financial transactions, with knowledge and experience with government programs. Two years of the required experience must have included responsibility for supervision of professional staff. A master’s degree in an appropriate field may be substituted for one year of the required experience.

CERTIFICATES AND LICENSES REQUIRED: 
Driver's license.

NECESSARY SPECIAL REQUIREMENTS:
The appointee to this position will be required to complete a criminal background check, a credit report, and a driving record check to the satisfaction of the employer.
All newly hired employees are required to be fully vaccinated against COVID-19 (two weeks after the last required dose) as a condition of employment or obtain approval of a medical or religious exemption prior to their start date. Proof of an exemption or vaccination status will be required during the pre-employment onboarding process. New employees who obtain an exemption from the vaccine mandate for medical or sincerely held religious beliefs will still be subject to the weekly testing requirement. Vaccinated employees and employees with a medical or religious exemption will complete the attestation online on their first day of employment or shortly thereafter.

PREFERRED QUALIFICATIONS:

  • A broad understanding of real estate finance, bond sales issues, and low-income housing tax credit program.
  • Extensive knowledge of federal grants and compliance requirements.
  • Experience working with elected and/or appointed boards, authorities, commissions and community organizations. Ideal candidate would be results driven, with strong communication and demonstrated leadership skills.

PHYSICAL REQUIREMENTS:
Duties are generally sedentary, performed in a normal office environment. All duties performed with or without reasonable accommodations.
 
SELECTION PROCEDURE:
Panel interview, may include practical exercise.

Fairfax County Government prohibits discrimination on the basis of race, color, religion, national origin, sex, pregnancy, childbirth or related medical conditions, age, marital status, disability, sexual orientation, gender identity, genetics, political affiliation, or military status in the recruitment, selection, and hiring of its workforce.  
 
Reasonable accommodations are available to persons with disabilities during application and/or interview processes per the Americans with Disabilities Act. Contact 703-324-4900 for assistance. TTY 703-222-7314. EEO/AA/TTY.

Merit Positions

Fairfax County is proud to offer employees an attractive and comprehensive benefits program, including the following:

  • Medical/Vision/Dental Insurance Coverage
  • Group Term Life Insurance
  • Long Term Disability
  • LiveWell Program
  • Flexible Spending Programs
  • Paid Leave (annual, sick, parental, volunteer activity, and more!)
  • Paid Holidays
  • Contributory Retirement Plan
  • Deferred Compensation
  • Employee Assistance Program
  • Employees' Child Care Center
  • Commuter Benefit Program
  • Continuous Learning Opportunities

NOTE:  Fairfax County Government is a qualifying employer under the Public Service Loan Forgiveness program. For more information about the PSLF program: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service

For additional details please visit the County's benefits webpage.

 

Non-Merit Positions

  1. Non-Merit Benefit Eligible: scheduled to work a minimum 1,040 hours and no more than a maximum of 1,560 hours in a calendar year.
    • Medical/Vision/Dental Insurance Coverage
    • Flexible Spending Program
    • Deferred Compensation
  2. Temporary:  scheduled to work a maximum of 900 hours in a calendar year.
    • No benefits

01
What is the highest level of education that you have completed?
  • Less than 12th grade
  • High school diploma or GED
  • Some college
  • Associate's degree
  • Bachelor's degree
  • Master's degree
  • Doctorate degree
02
Is your degree in one of the following disciplines?
  • Real estate finance
  • Public administration
  • Business administration
  • Information systems
  • Related field
  • Non-related field
  • None of the above
03
If you answered "Other (related field)" or "Other (non-related field)" for the previous question, please list the discipline of your degree. If this question does not pertain to you, or you do not have a degree, enter "Not applicable."
04
If you answered "Some college" for the highest level of education completed, please indicate the number of quarter or semester hours you have completed towards a related degree.
  • Less than 45 quarter hours
  • 45 to less than 90 quarter hours
  • 90 to less than 135 quarter hours
  • 135 to less than 180 quarter hours
  • 180 or more quarter hours
  • Less than 30 semester hours
  • 30 to less than 60 semester hours
  • 60 to less than 90 semester hours
  • 90 to less than 120 semester hours
  • 120 or more semester hours
  • Not applicable
05
How many years of full-time progressively responsible managerial experience do you have conducting and directing real estate financial transactions, with knowledge and experience with government programs?
  • None
  • Less than one year
  • One to less than two years
  • Two to less than three years
  • Three to less than four years
  • Four to less than five years
  • Five to less than six years
  • Six to less than seven years
  • Seven to less than eight years
  • Eight to less than nine years
  • Nine to less than ten years
  • Ten or more years
06
How many years of professional full-time experience do you have supervising professional staff?
  • None
  • Less than one year
  • One to less than two years
  • Two to less than three years
  • Three to less than four years
  • Four to less than five years
  • Five to less than six years
  • Six or more years
07
Do you currently possess a valid driver's license?
  • Yes
  • No
08
How many years of progressively responsible managerial experience do you have in the fields of real estate, real estate finance and lending programs or grants management?
  • None
  • Less than one year
  • One to less than two years
  • Two to less than three years
  • Three to less than four years
  • Four to less than five years
  • Five or more years
09
How many years of full-time equivalent professional-level experience in financing or loan underwriting do you have?
  • None
  • Less than one year
  • One to less than two years
  • Two to less than three years
  • Three to less than four years
  • Four to less than five years
  • Five or more years

Required Question

Agency
Fairfax County
Address
12000 Government Center Pkwy. Suite 270

Fairfax, Virginia, 22035
Phone
703-324-4900