Principal Housing Finance Manager

LIHTC Leaders; San Francisco (CA); Sur place; USD 158 000 - 201 000; Plein temps

Résumé du poste

The Metropolitan Transportation Commission (MTC) is the transportation planning and financing agency for the nine‑county San Francisco Bay Area. BA HFA seeks a proven deal‑maker to originate, structure, and close regional housing finance transactions that support production, preservation, and protections.

As Principal Housing Finance Manager, you will lead multi‑year projects, develop underwriting standards, and build partnerships with public and private funders to scale affordable housing

Qualifications

• Seven (7) years of progressively responsible experience in affordable housing finance.
• Deep knowledge of public and private financing sources, including tax‑exempt bonds, 4% and 9% tax credits, and mixed‑income development.
• Ability to evaluate complex development pro formas, financial models, and project cash flows, and to identify and price risk.
• Ability to present and defend credit recommendations to elected officials, commissions, and executives.

Responsabilités

• Originate, structure, and close transactions for the Regional Mixed Finance Fund from origination to closing.
• Structure creative financing including tax-exempt bonds and tax credit transactions.
• Negotiate loan terms, intercreditor and subordination agreements, and closing documents.
• Present credit recommendations to leadership and committees with clear, defensible analysis.
• Grow and manage the portfolio; monitor performance and address troubled loans.
• Evaluate and launch new financing tools, products, and partnerships to broaden reach.
• Develop underwriting standards, credit policies, and internal controls for scalable lending.
• Lead and represent BAHFA with local governments, developers, lenders, and stakeholders.

Connaissances

Credit analysis

Financial analysis

Communication

Leadership

Portfolio management

Formation

Bachelor's degree in related field

Description du poste

Location: San Francisco, California, United States

Employment Type: Full-time

About The Employer

The Metropolitan Transportation Commission (MTC) is the transportation planning, financing, and coordinating agency for the nine-county San Francisco Bay Area. MTC is the federally designated Metropolitan Planning Organization (MPO) and the state designated Regional Transportation Planning Agency (RTPA) for the nine-county San Francisco Bay Area. MTC provides services to the Association of Bay Area Governments (ABAG). For more information about MTC, visit www.mtc.ca.gov.

Role Summary

The Bay Area Housing Finance Authority (BAHFA) is moving from start-up to becoming a long-term regional institution. With a newly adopted strategic plan and major financing initiatives launching, BAHFA is building the capacity to advance transformative affordable housing solutions across the nine-county Bay Area, and we need a proven deal-maker to put capital to work to directly influence BAHFA’s mission of supporting Production, Preservation and Protections.

Why This Role Is Different

Few positions let you shape the credit policy, pipeline, and portfolio of a new regional housing finance authority from day one. You will deploy capital at scale, see your deals break ground, and build the systems and partnerships that let BAHFA’s portfolio grow well beyond its first loans.

What You'll Do

Under general direction of BAHFA’s Assistant Director, the Principal Housing Finance Manager will be responsible for:

Originate, Structure, and Close Transactions

• Lead the full transaction life cycle for the Regional Mixed Finance Fund, from origination to project evaluation through underwriting, approval, negotiation, loan closing, and construction and conversion oversight, in coordination with BAHFA’s CDFI lending partner.
• Structure creative, layered financing for acquisition, rehabilitation, preservation, and new construction, including subordinate debt, tax-exempt bond and tax credit transactions, and state and federal funding.
• Negotiate loan terms, intercreditor and subordination agreements, and closing documents with developers, co-lenders, investors, and counsel.
• Present credit recommendations to leadership, loan committees, and Commissioners, translating complex analysis into clear, defensible decisions.

Grow and Manage the Portfolio

• Lead implementation and growth of BAHFA’s financing products, including the Priority Sites and Preservation Loan, and various other funding products funded by state and federal funds.
• Monitor portfolio performance, manage asset and credit risk, address troubled loans, and recommend refinements that strengthen long-term sustainability.
• Evaluate and launch new financing tools, products, and partnerships to broaden BAHFA’s reach and attract additional capital, as needed.

Build Systems and Capacity

• Develop underwriting standards, credit policies, evaluation frameworks, procedures, and internal controls that support transparent, scalable lending.
• Create tools for tracking pipeline, program outcomes, financial performance, and compliance, and establish key performance indicators and reporting that support accountability.

Lead People and Represent BAHFA

• Supervise, mentor, and develop staff in a collaborative, high-performing, mission-driven team culture.
• Lead complex, multi-year projects involving multiple stakeholders, consultants, jurisdictions, and funding partners.
• Represent BAHFA with local governments, affordable housing developers, nonprofits, lenders, funders, and community stakeholders, and other regional partners.
• Translate complex affordable housing finance concepts into clear, accessible information for decisionmakers and public audiences.
• Serve as a trusted advisor on affordable housing finance and program strategy.

Required Qualifications

Any combination of training and experience that would provide the required knowledge, skills, and abilities listed. A typical way to obtain the required qualifications would be:

Education and Experience

Equivalent to a bachelor’s degree from an accredited college or university with major coursework in planning, civil engineering, environmental science, business or public administration, or a related field, and seven (7) years of increasingly responsible professional experience administering programs in a field related to assignment area.

Required Experience

• Transaction track record: Seven (7) or more years of progressively responsible experience in affordable housing finance, with direct, hands‑on responsibility for originating, underwriting, structuring, and closing a substantial volume of complex transactions.
• Capital stack expertise: Deep knowledge of public and private financing sources, including tax‑exempt bonds, 4% and 9% tax credits, subordinate and soft debt, public funding programs, acquisition and rehabilitation financing, and mixed‑income development.
• Credit and financial analysis: Demonstrated ability to evaluate complex development pro formas, financial models, and project cash flows, and to identify, price, and mitigate risk.
• Communication: Ability to present and defend credit recommendations to elected officials, commissions, executives, and non‑technical audiences.

Preferred Qualifications

Preferred Experience

• Experience originating and growing a pipeline or loan portfolio, with documented increases in volume, deployment, or units financed.
• Experience managing a loan portfolio, including monitoring, workouts, and restructurings.
• Knowledge of California affordable housing funding programs and financing tools.
• Experience developing new programs, credit policies, or operating frameworks, ideally at a CDFI, public lender, housing finance agency, or community development bank.
• Experience supervising, mentoring, or developing staff.
• Familiarity with Bay Area housing systems, jurisdictions, and developers.
• Commitment to advancing housing affordability, equity, and opportunity throughout the region.

Culture & Values

Be ready to rethink your assumptions about the public sector. Dedicated and motivated colleagues? Beautiful, high amenity building for on‑site work and collaboration? Flexible schedules and hybrid work options? Yes, yes, and yes!

Additional Information

$158,296.92 - $200,758.77

THIS IS A TERM-LIMITED POSITION THROUGH JUNE 30, 2029

Applicants with a degree issued by an institution outside the United States who are using that degree to meet the minimum qualifications for the position must have their transcripts evaluated by an academic credential evaluation service and provide proof of equivalency with their application. An evaluation is generally not required if: 1. The position does not require a degree, 2. You qualify through work experience alone, 3. You hold a professional license or certification that satisfies the educational requirement, or 4. You have another degree earned in the United States that independently satisfies the educational requirement. To ensure a fair and consistent review, any required academic evaluation must be submitted at the time of application so qualifications can be verified before candidates advance in the recruitment process.

Equal Opportunity Statement

The Metropolitan Transportation Commission is an equal‑opportunity, non‑discriminatory employer. MTC provides all employees and applicants with an equal opportunity in every aspect of the employment experience regardless of race, color, religion, sex, sexual orientation, gender identity, age, national origin, physical handicap, medical condition or marital status.