0903 Mayoral Staff XV
Director of Portfolio Management and Preservation
|Date Opened||4/27/2018 08:00:00 AM|
|Filing Deadline||6/8/2018 5:00:00 PM|
|Salary||$56.74 - $72.41/hour; $9,835.00 - $12,552.00/month; $118,014.00 - $150,618.00/year|
|Job Type||Permanent Exempt|
Director of Portfolio Management and Preservation
The San Francisco Mayor’s Office of Housing and Community Development (MOHCD) seeks a highly experienced and dynamic individual to join its leadership team as the Director of Portfolio Management and Preservation. This position serves a critical function in San Francisco’s effort to manage its portfolio of affordable housing, and to expand the portfolio through the acquisition and preservation of existing multifamily buildings. It offers the opportunity to engage in a wide variety of project, program and policy areas, and operates within a fast-moving, exciting, and challenging environment. The preferred candidate demonstrates a deep commitment to affordable housing, and brings expertise in asset management, personnel management, and real estate finance, with a particular expertise in affordable housing finance and deal structuring.
Under the direction of MOHCD’s Director and Deputy Director for Housing, the Director of Portfolio Management and Preservation oversees the Agency’s asset management, compliance, and project recapitalization and repositioning functions, as well as directs its acquisition of existing multifamily properties and their preservation as affordable housing. The Portfolio Director will manage three teams of affordable housing professionals totaling approximately 8 staff:
1. Asset Management ensures that City-sponsored projects (both multifamily and inclusionary “BMR”) are compliant with affordability restrictions and MOHCD policies, and reviews and approves requests for loan modifications, and other requested changes to existing agreements;
2. Acquisition/Rehabilitation currently focuses on taking smaller properties of 25 units and fewer off the speculative market through the Small Sites Program, but which will soon be expanding to scale the program to larger properties;
3. Recapitalization/Repositioning reviews and underwrites requests for refinancing (including the issuance of tax-exempt bonds), capital improvements and repairs, and the repositioning of assets at following limiting partner exits.
In addition, this Director will work collaboratively with developers/owners of affordable housing assets to identify strategic opportunities for strengthening their portfolios and outlining creative solutions to capital and operating needs as they arise. Finally, this position is part of MOHCD’s management team, and will collaborate with other Directors in leading the agency, developing agency-wide policies, and creating and sustaining a supportive and productive work environment for all staff.
- A minimum of 10 years’ experience in affordable housing asset management, development, and/or finance, preferably in California, with a demonstrated career path of increasing levels of responsibility
- Possession of a Master’s degree from an accredited college or university in a field related to real estate development, planning, business, public policy, or finance.
- Direct experience in the management of affordable housing assets, including refinancing, resyndications, year 15 buy-outs and LP exits, capital improvements, etc.
- Direct experience in the development of affordable housing, with a preference for acquisition/rehabilitation, including understanding of affordable housing finance, pre-development, construction administration, and project close-out
- Strong knowledge and experience with federal and state financing and funding programs and rent subsidies such as CDBG, HOME, Tax Credits, tax-exempt bonds, HUD Section 811 and 202, Section 8 Project-based and tenant-based vouchers, CalHFA loan programs, etc.
- Demonstrated management skills and ability to successfully mentor and supervise asset management and project management staff
- Demonstrated organizational skills and ability to coordinate the work of multiple subordinate staff
- Excellent verbal and written communication skills
- Experience developing and/or using databases such as Salesforce
Desirable Qualifications: The stated desirable qualifications may be used to identify job finalists at the end of the selection process when candidates are referred for hiring.
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If you are selected as a finalist, the hiring department will contact you to schedule a fingerprinting appointment.
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Exam Type: PEX - Issued: 04/27/2018 - Micki Callahan Human Resources Director
Department of Human Resources - Recruitment ID Number: PEX-0903-086212
Mayor's Office of Housing and Community Development/ KH/ 415-701-5557
All employees hired on or after January 10, 2009 will be required (pursuant to San Francisco Charter Section A8.432) to contribute 2% of pre-tax compensation to fund retiree healthcare. In addition, most employees are required to make a member contribution towards retirement, ranging from 7.5%-13.25% of compensation. For more information on these provisions, please contact the personnel office of the hiring agency.
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