Housing Acquisition Manager

About the role

The Housing Opportunities Commission of Montgomery County (HOC) was established in 1974 to better respond to the County’s need for affordable housing. HOC is authorized to acquire, own, lease, and operate housing; to provide for the construction or renovation of housing; obtain financial assistance from any public or private source to assist its housing activities; and arrange for social services, resident services, and daycare.

Responsibilities

• Perform detailed market analysis and financial underwriting to determine the feasibility of potential development projects.
• Develop project schedule, development budget, and track project costs for the duration of the project.
• Manage the development of new and renovation development projects from inception to construction completion.
• Direct programs using Multi-Purpose Development Units (MPDUs).
• Negotiate the purchase of land, including letters of intent and purchase and sale agreements.
• Lead the deal sourcing and due diligence activities for the acquisition of land for future development.
• Manage and monitor the development of appropriate multifamily housing development projects upon purchased land.
• Negotiate the purchase of existing apartment buildings suitable for low- to moderate-income housing for HOC and manage and monitor the rehabilitation of those units.
• Work cross-functionally with other internal and external teams, including Legal, Design Engineering, Construction, Economic Development, and Public Policy, to inform a countywide real estate development strategy.
• Develop new programs such as the tax credit program, and negotiate appropriate outcomes with private corporations.
• Meet with senior staff at HOC, other HOC staff, employees of other public agencies, consultants, and employees of private organizations as required to share information, resolve problems, agree upon courses of action, or to otherwise arrive at appropriate processes to create acceptable outcomes as a result of the above duties.
• Negotiate financial assistance from county, state, and federal sources for HOC developments.
• Make final decisions on all budget submissions for the Development Division.
• Attend Senior Staff meetings.
• Supervise and direct subordinates.
• Make presentations to HOC Commissioners.
• Participate in meetings with County Executive, County Council and County Planning Commission.
• Testify before County Council.
• Represent HOC on panels and in public communications.
• Develop new legislative program initiatives.
• Contribute to the continuous improvement of HOC’s internal processes and reporting.

Requirements

• At least five years of increasingly responsible experience in real estate development, real estate finance, land planning or related field.
• Experience in multifamily housing, both rental and for-sale properties, and decision-making experience involving professional-level employees desired.
• Proficient in financial analysis, creating models, and conducting market research.

Qualifications

• Graduation from an accredited college or university with a Bachelor’s degree in Finance, Business, Real Estate, or Urban Planning, or a related field.
• Master's preferred.

Skills & Abilities

• Knowledge of public financing tools including bond market regulations, issuing bonds, bond financing.
• Knowledge of all phases of real estate development.
• Knowledge of all aspects of federal, state, and local laws and regulations regarding development of low- to moderate-priced housing programs.
• Knowledge of the principles and practices of the real estate field including market values, market potential, sales, purchase and closing procedures, etc.
• Ability to understand laws pertaining to low- to moderate-income housing development.
• Ability to speak comfortably and effectively in public.
• Ability to make reasoned, rational, effective presentations to governing or legislative bodies.
• Ability to supervise professional staff and consultants.
• Knowledge of and experience in negotiating advantageous outcomes in the purchase of real property.
• Ability to communicate clearly both orally and in writing.
• Ability to deal with others equitably, effectively, and tactfully.

Benefits

HOC is an equal-opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. HOC promotes a drug-free workplace.

Pay

Grade 28 - Min: $86,412 / Mid: $116,527 / Max: $146,641 | Salary determined by departmental budget - Offer commensurate with experience.

Schedule

Employment is contingent upon drug and alcohol test results.