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PROGRAM MANAGER SENIOR III (058782)

Director of Rental Lending

Recruitment #25-005484-0017

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Introduction


This is a management service position with full State of Maryland benefits

Work that matters. The Maryland Department of Housing and Community Development (DHCD) is a national leader in the financing of affordable housing and revitalizing communities.  This is an opportunity to join this nationally-reorganized, award-winning organization and apply your skills to this high public purpose and challenging area.  Annually, DHCD finances approximately 4,000 units of multifamily rental housing in 40 properties, amounting to $500 million in construction and permanent financing.  Funding comes from a variety of sources, including state-appropriated funds, taxable and tax-exempt revenue bonds, federal low income housing tax-credits, federal HOME funds and other federal funds.  Additionally, DHCD administers rental assistance programs and innovative initiatives designed to expand affordable housing opportunities for person with disabilities, increase the energy efficiency and sustainability of affordable multifamily developments, and preserve rental housing.

The Division of Community Development Administration, Multi-Family has a current opening for it's Director of Multifamily Construction Finance Operations position.  This position has direct oversight of the Construction Finance Team and responsible for approving all disbursements of DHCD funds for the construction of affordable rental housing projects finances by the Department.
 
 

GRADE

25

This position offers a salary range of $118,937 - $161,507/year, with potential for advancement up to $185,523 based on qualifications, equity, and hiring guidelines.  Initial salary offers are determined by qualifications, experience, and available budget, and typically do not exceed $161,507/year. 

LOCATION OF POSITION

7800 Harkins Road
Lanham, MD 20706

The Maryland Department of Housing and Community Development is located in Prince George's County across from the New Carrollton Metro stop. 

POSITION DUTIES

The CDA Lending and Risk Director (LRD) supervises team leaders for construction management and underwriting as well loan processing staff to assess and mitigate the risks in particular projects as well as programmatically. The LRD coordinates with other personnel throughout the Department essential to project production including the Bond Finance Team, the Office of the Attorney General, and the Office of the Secretary along with others. Because the Rental Lending program lending program is responsible to contribute to a broad array of Departmental goals including energy conservation, assistance to vulnerable populations, and the opening opportunity to historically disadvantaged groups, the LRD coordinates with teams having primary responsibility for those goals to make provision for them in rental lending projects.

The LRD frequently determines how policies, practices, and procedures apply to specific projects when circumstances require additional review. Rental Lending projects inherently expose both the Department and a variety of stakeholders to several categories of risk including financial, reputational, and health and safety. In addition, the amount of funding deployed in particular projects must be sized according to underwriting and program criteria applied to projects developed in divergent circumstances.

MINIMUM QUALIFICATIONS

Education: A Bachelor’s Degree from accredited college or university in field of Business Administration, Finance, Economics, Public Administration or related field

Experience: Ten years of experience in evaluation of applications across any of the three distinct areas: Tax-Exempt Bonds, Rental Housing Works, Energy Financing.  Low-Income Housing Tax Credits and Rental Housing Funds. including participation on the Rating and Ranking process Review Committee. Additionally, must have a minimum of five years supervisory experience.

Notes:

Candidates may substitute the possession of a Master’s degree in a job-related field from an accredited college or university for up to two years of the required experience.

DESIRED OR PREFERRED QUALIFICATIONS

  • Experience with underwriting. 
  • Experience with Tax-Exempt Bonds. 
  • Experience with Rental Housing Works. 
  • Experience with Energy Financing. 
  • Experience with Low Income Tax Credits.

SELECTION PROCESS

Please provide sufficient information on your application to document that you meet the minimum qualifications for this recruitment. Unofficial transcripts, certifications or diplomas to document educational or certification qualifications are required. Educational credentials from foreign countries must be evaluated by an approved education review service. This evaluation must be submitted with your application. For further information, you may call International Consultants of Delaware, Inc. (302) 737-8715 or World Education Services Inc. 1-800-932-3897 or (202) 331-2925. Successful candidates will be placed on the employment (eligible) list for at least one year. Eligible list may be used to fill future vacancies of the same classification. Successful candidates must document eligibility to work in the U.S. upon hire.

Please note: The Maryland Department of Housing and Community Development is not sponsoring new employees in application of the H-1B Visa at this time due to budgetary constraints. All applicants must be legally authorized to work in the United States under the Immigration and Reform Control Act of 1986. Federal regulations prohibit H1B Visa candidates from paying sponsorship fees, all sponsorship fees must be assumed by the potential employer.

EXAMINATION PROCESS

The examination will consist of a rating of your education, training, and experience related to the requirements of the position. You may be required to complete a qualifications supplement, or the rating may be based on your application. Therefore, it is important that you provide complete and accurate information on your application. Report all experience and education that is related to this position.

BENEFITS

FURTHER INSTRUCTIONS

Online applications are STRONGLY preferred. However, if you wish to submit a paper application, you may mail your application and materials to:

Miles Peterson 

Department of Housing and Community Development

Office of Human Resources 

7800 Harkins Road, Lanham, MD 20706 

All application materials must be received by the filing deadline. If you are unable to upload your transcripts into the system, please send via email to miles.peterson@maryland.gov. Please include the following information in the body of the email: 

  • Attn: Miles Peterson, HR Generalist 
  • Your First and Last Name 
  • Recruitment # 
  • Classification (Job Title) of Recruitment

Incorrect application forms, or resumes in place of the application, will not be accepted. If you are interested in these positions and cannot apply online please fill out the paper application. For questions concerning these positions, please call 301-429-7566. 

TTY Users: call via Maryland Relay. 

We thank our Veterans for their service to our country, and encourage them to apply.

As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.



Click on a link below to apply for this position:

Fill out the Supplemental Questionnaire and Application NOW using the Internet. Apply Online
View and print the Supplemental Questionnaire. This recruitment requires completion of a supplemental questionnaire. You may view and print the supplemental questionnaire here.
Apply via Paper Application. You may also download and complete the Paper Application here.

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