PRINCIPAL DEVELOPMENT SPECIALIST (AFFORDABLE HOUSING)

Location
Arlington, Virginia
Salary
$83,179.20 - $127,025.60 Annually
Posted
Sep 18, 2020
Closes
Oct 02, 2020
Ref
3622-21A-PHD-SD
Hours
Full Time
Position Information

Arlington County’s Community Planning, Housing and Development (CPHD) Department is looking for an strategic and motivated Principal Development Specialist to join the Housing Development team.

The Principal Development Specialist (Affordable Housing) will lead the underwriting, County funding approval, and loan closing processes for multiple complex projects to increase the County's supply of affordable housing, including determining the development potential of sites and viability of project funding sources. The Principal Development Specialist will also lead an initiative for the Housing Arlington program effort, assess real estate markets, interpret special exception site plan project conditions, land use and zoning ordinance provisions and negotiate affordable housing loan terms and conditions with developers.

Specific duties include:
  • Underwriting loan requests for the County’s Affordable Housing Investment Fund (AHIF) program and/or Federal HOME and CDBG programs;
  • Presenting funding recommendations to the Citizen’s Advisory Commission on Housing and to the County Board;
  • Closing on loans for multiple complex affordable housing projects visible within the community which are broad in context and may be politically charged;
  • Serving as a subject matter expert to staff, developers, citizens, County management, leadership, and other departments regarding affordable housing policies, programs, regulations, and development opportunities in Arlington;
  • Leading the Institutional Partnerships initiative, which explores new partnerships between the faith community, schools, local colleges, universities, housing providers, and other community-serving institutions;
  • Providing counsel on a wide variety of urban planning and housing issues that impact or affect the County's affordable housing objectives;
  • Applying extensive knowledge of relevant laws and regulations to manage affordable housing development work and developing policy recommendations;
  • Researching, evaluating, and recommending approaches, proposals, programs, and policies that promote the development of affordable housing; and
  • Performing other duties as assigned.

The ideal candidate will have:
  • Substantive knowledge of affordable housing finance, including the Low-Income Housing Tax Credit Program and predevelopment, acquisition, construction, bridge, and permanent loan financing sources;
  • Experience working with planners, community stakeholders, County/city management and leadership, civic associations, and citizen commissions on affordable housing project funding and entitlements;
  • Ability to propose alternative solutions to loan issues arising during negotiations with developers regarding site plans and other project entitlement issues lacking precedent;
  • Strong writing skills to prepare reports for funding recommendations to the County Board;
  • Communication and interpersonal skills to resolve complaints and/or conflict, maintain liaison, and public speaking;
  • Problem-solving skills to define problems and collect relevant information to recommend technical solutions to complex project issues; and
  • Ability to complete negotiations on development agreements between public and private/nonprofit entities.


Selection Criteria

Minimums:
  • Bachelor's degree in Urban Planning, Construction Management, Real Estate Development, Finance, or related field; and
  • Progressively responsible experience in multi-family rental housing development and finance programs, construction project management, real estate development and/or related program areas.

Substitution: Additional education may be substituted for experience. Additional qualifying experience may be substituted for the education requirement on a year-for-year basis.

Desirables: Preference may be given to candidates with a Master's degree in related field and experience in one or more of the following areas:
  • Working as a senior-level project manager and/or managing the development of affordable housing projects, including closing on financing;
  • Applying urban planning, land use, and zoning tools for affordable housing; and
  • Developing and using real estate financial models to evaluate project proformas and development sites.


Special Requirements

Please attach a resume to the application. Please attach a cover letter or supplemental question response that describes how your experience and background qualifies you for this position, including identifying your accomplishments in the following areas:
  • Working as a senior-level project manager and/or managing the development of affordable housing projects, including closing on financing;
  • Applying urban planning, land use and zoning tools to support affordable housing development; and
  • Developing and using real estate financial models to evaluate project proformas and development sites.

The applicant must possess, or obtain by time of appointment, a valid driver's license. The applicant must authorize Arlington County to obtain, or the applicant must provide, a copy of the applicant's official state/district driving record. Any offer of employment will be contingent upon a favorable review of the applicant's driving record.

Completion of the Commonwealth of Virginia Statement of Economic Interest form will be required of the successful candidate upon hire and annually thereafter.

Additional Information

Work Hours: Monday - Friday, with flexible/remote work hours between 8:00am - 5:00pm. Regular evening and occasional weekend work will be required.

Please complete each section of the application. A resume may be attached; however, it will not substitute for the completed application. Incomplete applications will not be considered.

Arlington County Government employee benefits depend on whether a position is permanent, the number of hours worked, and the number of months the position is scheduled.

Specific information on benefits and conditions of employment can be found on the Arlington County Human Resources Department website: www.arlingtonva.us/pers.

Permanent, Full-Time Appointments
All jobs are permanent, full-time appointments unless otherwise stated in the announcement. The following benefits are available:

Paid Leave : Vacation leave is earned at the rate of four hours biweekly. Leave accrual increases every three years until eight hours of leave are earned biweekly for twelve or more years of service. Sick leave is earned at the rate of four hours biweekly. There are eleven paid holidays each year.

Health and Dental Insurance : Three group health insurance plans are offered - a network open access plan, a point-of-service plan, and a health maintenance organization. A group dental insurance plan is also offered. The County pays a significant portion of the premium for these plans for employees and their dependents. A discount vision plan is provided for eye care needs.

Life Insurance : A group term policy of basic life insurance is provided at no cost to employees. The benefit is one times annual salary. Additional life insurance is available with rates based on the employee's age and smoker/non-smoker status.

Retirement : The County offers three vehicles to help you prepare for retirement: a defined benefit plan, a defined contribution plan (401(a)), and a deferred compensation plan (457). The defined benefit plan provides a monthly retirement benefit based on your final average salary and years of service with the County. You contribute a portion of your salary on a pre-tax basis to this plan. General employees contribute 4% of pay; uniformed public safety employees contribute 7.5% of pay. Employees become vested in the plan at five years of service. The County also contributes to this plan.

For general employees, the County also contributes 4.2% of pay to a defined contribution plan (401(a)) . The County also matches your 457 contribution, up to $20 per pay period, in this plan. The 457 deferred compensation plan allows you to set aside money on either a pre-tax (457b) or post-tax (457 Roth) basis up to the IRS annual limit. New employees are automatically enrolled with a pre-tax contribution equal to 2% of your base pay.

Other Benefits: The County also offers health, dependent care, and parking flexible spending accounts; long-term care insurance; tuition assistance; transit and walk/bike to work subsidies; a college savings plan; wellness programs; training opportunities; and a variety of other employee benefits.

Permanent, Part-Time Appointments:
Part time employees who work ten or more hours per week receive paid leave and benefits in proportion to the number of hours worked per week.

Limited Term Appointments:
Benefits are the same as permanent appointments except that the employees do not achieve permanent status.

Temporary Regular Appointments:
Temporary regular employees who work 30 hours or more per week are eligible for health, dental, and basic life insurance as described above. They are also eligible for vacation, sick leave, and paid holidays.

Temporary Seasonal and Occasional Appointments:
Temporary employees who work on a seasonal basis or variable hours receive sick leave, but do not normally receive other paid leave or benefits. Exceptions are noted in individual announcements.

01

What is your highest level of education?
  • High School Diploma/GED
  • Bachelor's Degree
  • Master's Degree (or higher)


02

Please indicate if you have experience in any of the following:
  • Working as a senior-level project manager and/or managing projects in affordable housing development
  • Experience in multi-family rental housing development and finance programs
  • Closing on financing
  • Construction project management
  • Real estate development
  • Applying urban planning, land use and/or zoning tools for affordable housing
  • Developing and using real estate financial models to evaluate project proformas and development sites
  • None


03

How many years of experience do you have in multi-family rental housing development and finance programs, construction project management and/or real estate development?
  • None
  • Less than 1 year
  • 1 year but less than 2
  • 2 years but less than 3
  • 3 year or more


04

Please provide a cover Letter or use the space below describing why your experience and background qualifies you for this position, including identifying your accomplishments in the following areas; • Working as a senior-level project manager and/or managing the development of affordable housing projects, including closing on financing; • Applying urban planning, land use and zoning tools to support affordable housing development; and • Developing and using real estate financial models to evaluate project proformas and development sites.

Required Question