Job Postings

The Opportunity Finance Network (OFN) is seeking an energetic, entrepreneurial, and dedicated leader to serve as Chief Strategy and Operations Officer (CSOO) to support and lead the organization at a time of unprecedented growth.

Manna is seeking an energetic and accomplished Chief Financial Officer (CFO) to work with Manna’s new President & CEO to advance Manna’s work as a strong and high performing, financially strong organization and support implementation of operational vision and strategy.

Analyzes the financial feasibility of the project by considering projected income and expenses, costs of acquisition, construction, or rehabilitation, and potential funding sources. Assists in preparing for the project a development plan that includes pro forma development budgets identifying interim (acquisition and construction) and /or permanent financing requirements, construction or rehabilitation expenses, operating income and expense projections, and subsidy needs. Communicates with private and public financial partners on matters involving funding applications and terms, documentation, and closings, including providing due diligence items, reviewing documents, and identifying necessary changes to terms and conditions. Provides assistance concerning the scope of construction/rehabilitation, the selection of a general contractor and architect, and other parties. Assists in acting as the organization’s representative in administering any construction contracts, the specialist may review and approve all payment requisitions and change orders, and ensuring that construction budgets and schedules are met and remain consistent with estimates. 2 to 5 years work experience in the development, management or financing of multifamily affordable housing or market rate multifamily housing. Proficiency in standard Microsoft Office products, the ability to manage and prioritize multiple projects, and to work on deadline. Knowledge of the federal low income housing tax credit program (LIHTC) is a plus. Bachelor’s degree or commensurate experience is required; a master’s degree is desirable. Reply to croot@nhpfoundation.org

Description
The Multifamily Lending and Neighborhood Investments division finances multifamily housing through the issuance of tax exempt bonds, taxable bonds, and 4% low income housing tax credits. The division also manages predevelopment loans through its McKinney Act Program. The Multifamily Loan Underwriter contributes to the success of the financing program through robust analytical assessment of the sponsor, project and market feasibility of each transaction. This position requires an experienced, analytical, disciplined and creative candidate that can move at the speed of the transaction.

Requirements:
ESSENTIAL DUTIES & RESPONSIBILITIES:

• Manage relationship with developers, lenders, banks, equity providers, public funding agencies and other stakeholders involved in the creation and preservation of affordable housing in the District of Columbia
• Responsible for the intake of detailed loan applications and supporting documentation required for the underwriting and assessment of affordable housing development and rehabilitation projects financing.
• Work with development teams to determine optimal deal structure for transactions.
• Conduct underwriting necessary to render decisions for taxable or tax exempt bond and Low Income housing Tax Credit financing on projects submitted to the agency for funding.
• Procure third party due diligence reports and negotiate contracts for appraisals, environmental site assessments (ESA), architectural cost reviews, physical needs assessments, and market studies.
• Review and approve third party due diligence reports. Ensure that recommendations are implemented in the project development plan.
• Effectively present analysis and approval recommendations to senior management team and the agency’s Board of Directors.
• Negotiate final terms and conditions of project financing.
• Coordinate the closing process by working with the developer, bond investor, LIHTC syndicator, legal counsel, and other funding sources such as public agencies and subsidy providers.
• Provide input to the draw process in partnership with the Agency’s construction monitoring team during construction in order to ensure that projects are being constructed as per the underwriting.
• Coordinate with the Agency’s Department of Portfolio and Asset Management to gather market data and reconcile all regulatory requirements during the underwriting process, provide feedback while transactions remain in the portfolio and to resolve issues on troubled assets.
• Review and approve third party due diligence reports. Ensure that recommendations are implemented in the project development plan.
• Assist in the design and development of new multifamily loan programs, special non-lending programs (i.e. supportive services, counseling, technical assistance, etc.) using federal, District of Columbia, DC Housing Finance Agency, or other fund resources.
• Remain current on external factors that may affect established lending policies, such as new or revised legislation and regulations.
• Provide complete customer service through relationship management.
• Perform other duties as required.

KNOWLEDGE AND QUALIFICATIONS:

• Bachelor’s Degree in Real Estate, Finance, Business, or another related field from an accredited university or equivalent experience is required.
• Masters in Real Estate Development (MRED) or a Master’s in Business Administration (MBA) a plus.
• 3-5 years of experience in Real Estate, Planning, Development, and Finance.
• 3+ (three) years of experience in multifamily construction and permanent loan underwriting.
• Thorough knowledge of underwriting policies and procedures.
• Knowledge of housing and affordable housing related market forces including; general real estate principles, supply and demand economics and other multifamily demand drivers.
• Understanding of federal, state, municipal code, regulations; contract law; business entity structure and real estate law; and construction principles particularly as they relate to tax exempt bond and Low Income Housing Tax Credit financing.
• Must possess strong research, project management, organizational, analytical, and math/quantitative skills.
• Must be able to successfully and autonomously manage projects of a varied and complex nature.
• Excellent communication skills, both verbal and written, and ability to make presentations.

OTHER CHARACTERISTICS:

• Ability to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlines.
• Maintain high ethical standards of integrity and quality.

CSH is seeking an enthusiastic, results-oriented individual who has a passion for the CSH mission and possesses the leadership and management skills necessary to advance our work. You will work with communities across the states of Virginia, Maryland, and Delaware and the District of Columbia to expand housing and services solutions for vulnerable populations. This position will be supervised and work closely with the Mid-Atlantic Director, as well as other CSH staff, to advance our goals to increase cross sector investment and quality supportive housing opportunities throughout the region. If you demonstrate these skills and have experience with housing and service models for vulnerable populations, CSH needs you. Candidates will work virtually and should be located in Virginia, Maryland, Delaware or the District of Columbia.

The Project Manager plays a critical role in the execution of Real Estate Development (RED) goals and objectives. The Project Manager will manage all aspects of the development cycle for a number of affordable housing projects, from site control and entitlement through construction completion and stabilization. The Project Manager will also be responsible for new business development including feasibility analysis and proposal responses to RFPs.

In 2011, Jubilee Housing opened the Re-entry Housing Initiative, which is a transitional housing program for justice-involved (returning citizens) DC residents. We currently operate two homes in the Adams Morgan and Columbia Heights neighborhood, one for 10 men and one for 10 women.

We are currently seeking a Men’s House Weekend Resident Monitor (Part-time) to provide staff coverage at our Men’s House on Saturday and Sunday from 12:00 a.m. to 8:00 a.m. and some Jubilee holidays.