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:
- 35-hour work week
- 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
- Health Insurance, Vision & Dental coverage
- 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.
Competencies:
- Communication • Leadership
- Dependability • Organizational Skills
- Initiative • Strategic Thinking
- Decision Making • Productivity
- 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.
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