Fields: government, urban planning, economics, housing, policy
Location: PortlandOR, Oregon
About the Organization: Since 2009, the Portland Housing Bureau (PHB) has worked toward a vision that “all Portlanders can find affordable homes…and have equitable access to housing.” To that end, we are charged with developing citywide housing policy, delivering programs that increase the supply of affordable housing and promote stable homeownership, and administering a broad range of federal and local resources. Through our policies, plans, and funding, PHB works to stabilize families in their current homes, provide new affordable housing opportunities, and foster equitable, integrated, and diverse communities.
About the Position: The Housing Portfolio Finance Coordinator (HPFC) for the Portland Housing Bureau (PHB) is an integral part of the Housing Investment and Portfolio Preservation (HIPP) team. The HPFC acts as both project manager and underwriter for the Bureau’s affordable multi-family rental housing projects. The HFPC also leads negotiations for significant portions of the Bureau’s participation in projects. HIPP team projects typically leverage a number of Bureau controlled resources including tax increment financing (TIF), Construction Excise Tax (CET) and federal HOME and Community Development Block Grant (CDBG). This position uses a variety of financial products both loans and grants; reviews and analyzes other project documents including other lenders financing instruments, financial statements and pro forma projections, partnership agreements, title reports, property appraisals and property management plans. As project manager, the HPFC collaborates with a team of peers including construction coordinators, closers, asset managers and attorneys. The HPFC is also responsible for mitigating risks, presenting to and obtaining approvals from the Bureau’s Housing Investment Committee (HIC), shepherding approvals, as needed, through City Council and ensuring closing documentation. HPFC projects include new construction both residential only and mixed-use, rehabilitation with major renovation, seismic upgrades, loan and portfolio restructures, tax abatements for market-rate residential and mixed-use projects and site disposition and acquisition. Projects range in size from a few hundred thousand dollars to tens of millions. The HPFC will perform similar functions for Bureau-supported multi-unit homeownership projects.
The HPFC communicates regularly with numerous partners, customers and stakeholders, including non-profit and for-profit developers, owners and their representatives; project lenders/financiers; general contractors, architects/engineers and other construction team members; City of Portland commissioners and their staffs; staff and managers of other city, county and State agencies and bureaus; community members and the public generally. The HPFC is assigned the portfolios of a number of the Bureau’s regular borrowers. In this capacity the HPFC, tracks and monitors those borrowers’ loans and projects and coordinates closely with the Bureau’s compliance staff to help insure long-term financial health and performance. The HPFC manages or is involved with inter-departmental/inter-agency projects and teams that tackle a variety of issues. Examples include: notices of funding availability (NOFA), data management systems, homelessness and supportive housing, urban renewal area goals and strategies, and transit and transportation initiatives. The HPFC is expected to be familiar with and incorporate into their work an understanding of public policy at the local, state and federal levels. Experience with or aptitude for high level strategic planning regarding team and/or Bureau initiatives is highly desirable.
- Knowledge and experience using tools and techniques of real estate development, credit analysis and/or finance and financial modeling.
- Knowledge of and experience applying principles and practices of project management including managing multiple projects simultaneously with competing stakeholders and deadlines.
- Ability and experience working as a self-directed project team leader and as contributor in a team effort.
- Ability with and experience exhibiting strong communication skills, both written and verbal, including investment analysis, facilitation and negotiation, conflict resolution, and presentations to groups.
Estimated Salary: $36.22 – $47.99 Hourly
Deadline: September 17, 2018
Portland Housing Bureau