Multifamily Programs Officer

West Virginia Housing Development Fund; Charleston (WV); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Health Reimbursement Account

State Pension

457 Plan

Work/Life Balance

Job summary

The West Virginia Housing Development Fund seeks a Multifamily Programs Officer in Charleston to support the development and underwriting of affordable housing projects. You will work with programs such as HOME, HTF, and LIHTC, review loan proposals, prepare summaries for executives, and coordinate with sponsors, lenders, and state agencies.

Required: a Bachelor's degree in business administration, finance, or accounting and at least two years of underwriting or lending experience; proficiency

Qualifications

• Bachelor’s degree in business administration, Finance, Accounting, or related field plus 2+ years in underwriting or lending
• Proficient in Microsoft Office
• Valid driver’s license

Responsibilities

• Review Multifamily applications and assist underwriting reviews
• Communicate with clients, agencies, and partners about program requirements
• Ensure compliance with federal, state, and programmatic requirements in loan underwriting
• Prepare executive summaries and loan recommendations for management
• Assist with closing documents and loan closings
• Support development of new multifamily programs
• Represent the Fund at seminars and community meetings
• Provide support to other departments and programs as needed

Skills

Dependability

Organizational Skills

Initiative

Strategic Thinking

Program and Project Management

Teamwork

Education

Bachelor’s degree in business administration, finance, or accounting

Tools

Microsoft Office

Job description

All West Virginia Housing Development Fund employees play a key part in helping West Virginians have access to housing they can afford. We strive to maintain an experienced workforce that is dedicated to improving the lives of all West Virginians and advancing our mission of providing access to clean, decent, affordable housing. Please see below for a list of open positions. If nothing is listed at this time, please check back for future opportunities.

Position: Multifamily Programs Officer

Location: Charleston, WV

Job Id:353

# of Openings:1

MULTIFAMILY PROGRAMS OFFICER

Multifamily Department

The West Virginia Housing Development Fund (the “Fund”), a quasi-governmental organization providing safe, decent affordable housing across West Virginia, is seeking qualified candidates for the position of a Multifamily Programs Officer in our Charleston Office. We are dedicated to increasing the supply of residential housing for individuals and families of low- and moderate-income. We also provide construction and permanent mortgage financing to public and private sponsors of such housing. To date, the Fund has issued more than $4.5 billion in bonds and has financed more than 165,000 housing units since it began operation in 1969. The Funds mission is to ensure that all West Virginians has access to safe, affordable housing, which in turn helps to create stronger communities and a more prosperous West Virginia.

The Fund offers an extensive benefit package which includes:

• 13 State and Federal holidays
• 15 Annual leave days per year, 20 days after 5 years and 25 days after 10 years of service.
• 12 Sick days per year
• Company funded Health Reimbursement Account – After one year of employment
• State of WV Pension plan
• 457 Plan
• Work/Life Balance

Job Summary

This employee is responsible to assist with Multifamily Programs and the performance of daily functions to assist in the development of affordable housing. This position will become familiar with all aspects of the West Virginia Housing Development Fund’s Multifamily Programs including program development, regulatory requirements, and the loan application review and approval process. This employee will have access to sensitive and confidential data; therefore, confidentiality must be maintained at all times.

Essential Functions

• Responsible for obtaining a broad knowledge of all facets of Fund Multifamily programs including, but not limited to, the Multifamily Loan Program, HOME Investment Partnership Program (“HOME Program”), the National Housing Trust Fund Program (“HTF Program”), ERA2 Housing Fund, the Low-Income Housing Tax Credit Program, USDA Rural Development Section 538 (“USDA RD 538”), Guaranteed Rural Rental Housing Program, HUD Risk Share Insurance Program, Affordable Housing Fund Program, and Section 8 Performance-Based Contract Administration.
• Assists in the review of Multifamily applications and assists in the processing and underwriting review of all proposals;
• Communicate with clients, agencies, and partners regarding the Fund’s multifamily programs, application requirements, and program conditions;
• Ensures departmental compliance with specific federal, state, and programmatic requirements in all phases of loan underwriting, which includes but is not limited to compliance with USDA RD 538, HUD Risk Share Insurance, environmental review, Section 3, Davis-Bacon, and Build America, Buy America.
• Prepares executive summaries and recommendations for program loans to Executive Management;
• Assists in the review of legal documents in conjunction with project loan closings and facilitates preparations for closings;
• Identifies problem loan relationships and assist with the Fund’s workout efforts;
• Assists with the development of new multifamily programs;
• Assists in the preparation of the Consolidated Plan, Annual Action Plan, and CAPER for the HOME and HTF Programs;
• May be required to serve as the Fund’s representative in seminars and community meetings related to housing development activities;
• Provides support to other departments and programs as needed.
• Dependability Organizational Skills
• Initiative Strategic Thinking
• Program and Project Management Teamwork

Supervisory Responsibility

N/A

Work Environment/Physical Demands

The employee in this position may be required to sit at a desk for long periods of time. Routinely uses standard office equipment such as computers, phones, etc. May be required to travel statewide.

Required Education/Experience

Bachelor’s degree in business administration, Finance, Accounting, or related field and a minimum of two years of experience in underwriting, lending, housing programs and/or municipal planning. Proficient knowledge of Microsoft Office products.

Preferred Education/Experience

Bachelor’s degree as noted above and five years of experience in commercial underwriting, commercial lending, housing programs and/or municipal planning. Proficient knowledge of Microsoft Office products.

Required Certificates/Licenses

Valid driver’s license.