Development Officer II Community Assistance (045632) (Multi-Family Loan Administrator)

Maryland AG; Lanham (MD); Hybrid; USD 63,000 - 71,000; Full time

Benefits offered by this job

Flexible work schedule

Hybrid telework

Job sharing options

Training and career advancement

Competitive salary

Job summary

The Maryland Department of Housing and Community Development is seeking a Loan Administrator to manage underwriting and approval processes for multifamily housing development programs. The role involves coordinating with many public and private participants over a lengthy 12–15 month timeline and serving as a key HUD contact under the 542(c) Risk Sharing program.

Based in Lanham, MD, the position offers hybrid telework, flexible scheduling, and competitive Maryland state benefits.

Qualifications

• Seven years of community assistance experience in residential or commercial real estate development, governmental housing, community development or infrastructure development programs.
• Notes: degree with three years of related experience can substitute for the required experience.
• Notes: graduate credit hours can substitute for up to two years of experience.

Responsibilities

• Oversee loan underwriting and approval processes for multifamily housing development programs.
• Serve as primary contact with HUD under the 542(c) Risk Sharing program.
• Coordinate with multiple departments and stakeholders through a long project lifecycle.

Skills

Community development experience

Public housing financing

Stakeholder coordination

Education

Bachelor's degree in urban planning, financial management, business or public administration

Tools

Relational databases

Housing finance platforms

Job description

This is a Skilled Service position with full State of Maryland benefits. Work that matters. The Maryland Department of Housing and Community Development (DHCD) is a national leader in the financing of affordable housing and revitalizing communities. This is an opportunity to join this nationally recognized, award-winning organization and apply your skills to this high public purpose and challenging area. Annually, DHCD finances approximately 4,000 units of multifamily rental housing in 40 properties, amounting to $500 million in construction and permanent financing. Funding comes from a variety of sources, including state-appropriated funds, taxable and tax-exempt revenue bonds, federal low-income housing tax credits, federal HOME funds, and other federal funds. Additionally, DHCD administers rental assistance programs and innovative initiatives designed to expand affordable housing opportunities for persons with disabilities, increase the energy efficiency and sustainability of affordable multifamily developments, and preserve rental housing. DHCD offers a flexible work schedule, full state of Maryland benefits, hybrid telework and job sharing options; training, advancement and career path opportunities; and a competitive salary. There is ample and our offices are located in walking distance to the New Carrollton MARC Train Station.

GRADE

15

This position offers a salary range of $63,154 - $71,125/year, with potential for advancement up to $99,603/year based on qualifications, equity, and hiring guidelines. Initial salary offers are determined by qualifications, experience, and available budget, and typically do not exceed $71,125/year.

LOCATION OF POSITION

7800 Harkins Road Lanham, MD 20706 The Maryland Department of Housing and Community Development is located in Prince George's County across from the New Carrollton Metro stop.

POSITION DUTIES

The Loan Administrator manages the processing of loan underwriting and approval for the Community Development Administration’s Multifamily Housing Development Programs, and reports directly to the Director for Rental Lending, Multifamily Housing Development Programs. This position oversees a process that begins with an application and involves extensive communication among a very large array of public and private participants typically lasting 12-15 months until the project begins construction. In addition, the position is the primary point of contact with HUD under the 542(c) Risk Sharing program which provides debt for approximately 25% of the Department’s multifamily financing program’s volume. In these regards the position directly contributes to the Department’s mission of providing safe, decent and affordable housing for low- and moderate-income individuals and families.

MINIMUM QUALIFICATIONS

• Experience: Seven years of community assistance experience in residential or commercial real estate development, governmental housing, community development or infrastructure development programs, including market research, planning, financial management, loan or grant program administration, capital projects or project development.
• Notes: 1. Candidates may substitute the possession of a Bachelor's degree from an accredited college or university in urban planning, financial management, business or public administration, political science, economic, marketing, management science or a related field and three years of community assistance experience in residential or commercial real estate development, governmental housing, community development or infrastructure development programs, including market research, planning, financial management, loan or grant program administration, capital projects or project development for the required experience.
• Notes: 2. Candidates may substitute graduate credit hours in urban planning, financial management, business or public administration, political science, economics, marketing, management science or a closely related field on a year-for-year basis for up to two years of the required experience.
• Notes: 3. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Business and Industry job family or Business and Industry job codes on a year-for-year basis for the required experience.

DESIRED OR PREFERRED QUALIFICATIONS

• Experience with loan processing for multifamily rental development lending.
• Experience coordinating loan processing or program activities with three or more departments or divisions (e.g., legal, finance, underwriting, asset management).
• Experience managing, querying, and updating relational databases or specialized housing finance platforms to track large-scale loan pipelines, ensure data integrity, and support accurate reporting.
• Experience developing or implementing process improvements, such as revised procedures or workflow changes, in loan administration or a related program area.

LICENSES, REGISTRATIONS AND CERTIFICATIONS

Employees in this classification may be assigned duties which require the operation of a motor vehicle. Employees assigned such duties will be required to possess a motor vehicle operator’s license valid in the State of Maryland.

BENEFITS

State of Maryland Benefits

As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.