City of Charlotte, NC Housing Trust Fund Manager
City of Charlotte, NC
The Housing Trust Fund Manager fills a critical senior leadership position within the Housing Services Division. This position oversees the management of the City’s Housing Trust Fund, a multimillion-dollar investment tool designed to create and preserve below market rate housing options in the City of Charlotte. The HTF Manager is responsible for the full life cycle of HTF investments including developing requests for proposals, reviewing proposed developments, financial underwriting, due diligence, contract development, loan closing and construction oversight.
Major Duties and Responsibilities:
This position will manage the City’s Housing Trust Fund (HTF), including city-funded multi-family and single-family developments. Duties include
-Administering the HTF Request for Proposal process, underwriting, evaluating, and preparing financial commitments and loan closings to approved developments.
-Financing and approval of all draw requests for construction.
-Monthly/quarterly project reports, providing research and analysis on affordable housing as required, and reviewing all rezoning petitions to provide housing department comments.
-Provides Charlotte-Mecklenburg Home Consortium and Community Housing Development organizations technical assistance and financing housing programs and developments.
Knowledge, Skills & Abilities
-Experience in financing affordable housing is required.
-Ability to prepare computer generated financial proforma, cash flow reports and can blend financial analysis techniques with problem-solving skills.
-Proven ability to handle multiple high-pressure complex projects creatively, flexibly, and independently.
-Sound understanding of the affordable, rental, multi-family development process and at least five years’ experience in affordable multi-family real estate development, management, financing, construction, and
rehabilitation, including at least one year of experience in program and project management
-Multi-family underwriting experience and the ability to independently assess the financial feasibility of proposed developments
-Understanding of multi-family asset management
-Understanding of multi-family ownership entities, debt structuring and equity financing, and single-family mortgage financing packages for single and multi-family housing new construction and rehabilitation projects
-Ability to establish and analyze financial models that will contribute to the development of affordable and workforce housing
-Working knowledge of multi-family operations and federal and state housing and community development regulations, programs and resources
-Working knowledge of general, financial, and construction administration; inspection, and housing mortgage and financing
-Excellent Interpersonal, oral and written communication skills
-Ability to work with for profits and non-profit developers, charitable groups, and provide information on City housing programs
-Ability to exercise good judgment, think strategically with innovative ideas and focus on detail as required by the job
-Graduation from a four-year college or university in public or business administration, or finance; or an equivalent combination with at least seven years of experience
-A master’s degree is preferred with five years of experience or a demonstrated record of equivalent experience and training.
-Coursework in finance, accounting, public administration, community development, urban planning and real estate.
-Housing Development Certification a plus.
-Bilingual ability (Spanish/English) a plus, but not required
High school graduation or equivalent and seven years relevant work experience, OR Associates degree and five years relevant work experience, OR Bachelor's level degree and three years relevant work experience, OR Master's level degree and one year of relevant work experience