HOUSING FINANCE SPECIALIST (RENTAL)

State of California; Sacramento (CA); Hybrid; USD 74,000 - 93,000; Full time

Job summary

The California Housing Finance Agency is seeking a Housing Finance Specialist (Rental) in Sacramento to support multifamily loan production and close rental projects. The role requires technical analysis and collaboration with the Housing Finance Officer, with hybrid telework and mandatory in-person attendance weekly.

Minimum qualifications include mortgage operations or underwriting experience on multiunit projects and endorsement to take EX-4329.

Qualifications

• One year of mortgage operations experience at a level of responsibility equivalent to Housing Finance Associate.
• Three years of experience performing technical mortgage underwriting for multiunit projects (at least 100 units); Master’s degree may substitute for one year of experience.
• Admittance into the Housing Finance Specialist (Rental) exam (EX-4329) requirement and process.

Responsibilities

• Assist in Multifamily Loan Production and independently perform technical and analytical work to facilitate loan closings on multifamily rental projects.

Skills

Mortgage operations

Underwriting experience

Technical analysis

Education

Bachelor's degree or higher

Job description

$6,623.00 - $8,290.00 per Month

New to State candidates will be hired into the minimum salary of the classification or minimum of alternate range when applicable.

Final Filing Date: Until Filled

Under direction of the Housing Finance Officer (Rental), the Housing Finance Specialist (Rental) is responsible for assisting in Multifamily Loan Production and independently performs technical and analytical work necessary to facilitate a larger number of loan closings on multifamily rental projects.

To be considered for this position, candidates must meet the minimum qualifications listed below and take the Housing Finance Specialist (Rental) examination (EX-4329).

• Either I One year of experience in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Associate.
• Or II Experience: Three years of experience performing technical work in the field of mortgage underwriting which must have included underwriting for multiunit projects (at least 100 units.) (A Master's Degree in Planning, Economics, Business, Government, Finance or a related field may be substituted for one year of the required experience) and Education: Equivalent to graduation from college, preferably in planning, economics, business, government, finance or a related field (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college.)
• (Requirements for admittance into the exam)

You will find additional information about the job in the Duty Statement.

Working Conditions

Hybrid telework schedules are available. The amount of telework is at CalHFA’s discretion and is based on operational needs. IN-PERSON ATTENDANCE WILL BE REQUIRED WEEKLY. Our office is in 500 Capitol Mall , a high-rise building conveniently located in downtown Sacramento with access to public transportation (light rail and bus) and freeways (I-5, 99, and Business 80). It is one block from Downtown Commons (DOCO), the Golden 1 Center, and many restaurants. Employees also have free access to the gym located in the building. Candidates who are new to state service will be placed at the minumum of the salary range. Visa Sponsorship: Applicants must be authorized to work for ANY employers in the U.S. CalHFA is unable to sponsor or take over sponsorship of an employment visa. CalHFA does not participate in the Science, Technology, Engineering, and Math Optional Practical Trianing extension program (STEM OPT).

Minimum Requirements

You will find the Minimum Requirements in the Class Specification.

• HOUSING FINANCE SPECIALIST (RENTAL)

HOUSING FINANCE SPECIALIST (RENTAL) $6,623.00 - $8,290.00 New to State candidates will be hired into the minimum salary of the classification or minimum of alternate range when applicable.

# of Positions:

1

Work Location:

Hybrid

Job Type:

Permanent, Full Time

Work Week:

Monday - Friday

Department Information

CALIFORNIA HOUSING FINANCE AGENCY

CalHFA has held its certification as a Great Place To Work® since 2021. Join us in helping more Californians to have a place to call home.

MULTIFAMILY DIVISION: Multifamily Programs Division provides loans that facilitate the development, rehabilitation, and preservation of affordable housing projects by partnering with localities as well as for-profit and nonprofit developers.

OUR VISION: Every Californian can build a thriving life in a stable home.

OUR MISSION: Deliver reliable financing solutions to advance housing opportunities for Californians. Established in 1975, CalHFA was chartered as the state's affordable housing lender. Our Agency's Multifamily Division finances the development of affordable rental and our Single Family Division provides down payment assistance to low and moderate income first-time homebuyers. CalHFA is a completely self-supporting state agency that does not rely on taxpayer dollars for its operation costs, but regularly administers various state and federal resources on behalf of the state.

At CalHFA, we embrace a culture that is diverse, equitable, and inclusive for everyone by building an organization that is as diverse as the communities we serve. CalHFA believes that diversity provides a competitive advantage, strengthens our innovative capacity, and enhances our ability to succeed and grow.

The Employment History section of the STD 678 Employment Application must be complete and include accurate dates, hours per week, total time worked, duties performed, and supervisor names and phone numbers.

• Applicants who fail to submit a thoroughly completed STD 678 will be disqualified.
• Resumes or other documents do not substitute the STD 678.
• Only the most qualified applicants will be invited to an interview.

Use these links to review the State Application Checklist and Supplemental Application checklist to help you understand how to complete a strong state application and address some frequently asked questions.

In order to be considered for this job, you must satisfy one of the following requirements:

OR

BE LIST ELIGIBLE: Successfully complete the State civil service exam for the Housing Finance Specialist (Rental) classification

OR

BE TRANSFER ELIGIBLE: Have current employment with the State of California in the same classification or in a classification that is comparable (employees who wish to be considered based on transfer eligibility must meet the minimum qualifications of the classification per DPA Rule 250)

OR

BE REINSTATEMENT ELIGIBLE: Have obtained previous permanent employment with the State of California in the same classification or in a classification that is comparable.

Applicants requiring reasonable accommodations for the hiring interview process must request the necessary accommodations if scheduled for a hiring interview. The request should be made at the time of contact to schedule the interview. Questions regarding reasonable accommodations may be directed to the EEO contact listed on this job posting.

Benefit information can be found on the CalHR website and the CalPERS website.

Contact Information

The Human Resources Contact is available to answer questions regarding the position or application process.

Please direct requests for Reasonable Accommodations to the interview scheduler at the time the interview is being scheduled. You may direct any additional questions regarding Reasonable Accommodations or Equal Employment Opportunity for this position(s) to the Department's EEO Office.

EEO Contact:
Christina Vinson
[phone]
[e-mail]

California Relay Service: 1-800-735-2929 (TTY), 1-800-735-2922 (Voice)TTY is a Telecommunications Device for the Deaf, and is reachable only from phones equipped with a TTY Device.

Equal Opportunity Employer

The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.

It is an objective of the State of California to achieve a drug-free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.