Director of Housing Finance

Location: Sacramento, CA Work Arrangement: Hybrid Employment Type: Full-time Compensation: $130K-$170K About The Employer Mutual Housing California is a locally controlled nonprofit that develops and manages sustainable affordable housing that strengthens neighborhood assets and empowers resident leaders. Residents are partners in building thriving, equitable communities. Role Summary Reporting to the VP of Real Estate, the Director of Housing Finance provides leadership on the Housing Development (HDV) project financing and pipeline. The Director is responsible for coordinating, monitoring and ensuring financial feasibility and compliance as housing development projects move through the financing, construction, and post-construction phases of development, and for supporting Mutual Housing's growth by designing and implementing systems for communication and information sharing within the department, across Mutual Housing, and with outside parties. The position works with HDV Directors in sourcing, originating, coordinating, and implementing all aspects of the development process. Projects may include new construction, acquisition and rehabilitation, portfolio syndication, inclusionary housing, and joint ventures with other developers. What You'll Do Strategy & New Business Development Support the VP of Real Estate in developing strategic goals and implementation strategies for Housing Development activitiesSupport organizational growth by designing and implementing communication and information-sharing systems within Housing Development and with Property Management, Community Development, Asset Management, Accounting, Communications, the board of directors, and outside partnersProvide analysis and recommendations to the Director of Acquisitions and VP of Real Estate on potential sites, purchase agreements, development plans, financing plans, and partnershipsSource, identify, and evaluate potential new project sites and propertiesNegotiate acquisition agreements, as applicable, with the Director of AcquisitionsConduct preliminary feasibility analyses and organize critical community supportResearch and secure sources of predevelopment, construction, and permanent financing from public and private sourcesPropose recommendations for lenders, investors, and public programs Department Leadership & Management Coordinate with Housing Development Project Managers, Senior Project Managers, Assistant Project Managers, Interns, and other HDV staff on project-specific work, ensuring quality control and timely delivery in securing and closing project financingReview operating and development budgets and lender and investor documents, review construction draws and monitor budgets, and coordinate transitions through lease-up, start of operations, cost certification, stabilization, and conversionAssist Project Managers in working with financial and syndication consultants, and recommend project lenders and investors to the VP of Real EstateReview and advise the VP of Real Estate on development-related documents, including loan documents, financing term sheets, applications to outside entities, and grant and loan applicationsTake an active role in problem-solving on new and existing projects, including leading negotiations or troubleshooting the most difficult or sensitive situations with outside partiesRecruit, interview, and make hiring recommendations for Housing Development staff, and ensure staff have appropriate trainingAssist the VP of Real Estate in developing the annual department budget Relationship Management & Representation Develop and maintain positive relationships with lenders, investors, and other project partners and outside partiesMake presentations to and negotiate with government agencies, public and private funders, and community organizationsProvide staff support to one or more Board committeesParticipate in cross-departmental leadership teams or other Mutual Housing teams as assignedRepresent Mutual Housing on one or more boards of outside community and policy organizations, likely related to local or statewide policy Required Qualifications At least seven to ten years of progressive experience in housing development, with demonstrated project management skills and hands-on supervisory leadership overseeing complex development projects, with strong financial, legal, and community strategic and analytical thinkingDemonstrated experience negotiating and problem-solving with lenders, investors, public agencies, and other members of the development teamKnowledge of and experience using and staying in compliance with low-income housing tax credits, tax-exempt bonds, and other public and private financing programsWell-organized and detail-oriented, with the ability to manage team workflow across multiple priorities; proficiency in financial analysis using Excel and in Microsoft WordStrong verbal communication, writing, and presentation skillsProven ability to provide motivational leadership while working collaboratively in a team environment, including multicultural settingsAbility to perceive problems and initiate timely corrective actionAbility to develop and maintain cooperative relationships with lenders, investors, public sector staff and officials, funders, community organizations, and other nonprofits involved in housing development and services to low-income householdsAbility to travel to community locations within a 90-mile radius of the Sacramento officeSensitivity to the needs and concerns of low-income individuals, and commitment to the mission and vision of Mutual Housing CaliforniaBachelor's degree from a four-year college or university Preferred Qualifications Bachelor's or Master's degree in business administration, economics, finance, public administration, community development, or a related field Physical Requirements & Working Conditions Sacramento-based, hybrid schedule, Monday-Friday 8:00 AM-5:00 PM. Requires travel to community locations within a 90-mile radius of the Sacramento office. Benefits Medical, dental, and vision (Kaiser plan fully covered for employee and dependents), employee assistance program, 401(k) with company match up to 6%, 16 paid holidays including the week between Christmas and New Year's, 2 floating holidays, and generous paid time off.