Multi-Family Loan Administrator

Location
Lanham, Maryland
Salary
$44,989 - $58,122/year, State of Maryland benefits
Posted
Dec 28, 2021
Closes
Jan 19, 2022
Function
Finance
Hours
Full Time

Development Officer II Community Assistance (045632)

Multi-Family Loan Administrator

Recruitment #21-004382-0008

Department       DHCD - Div of Dev Finance - Housing Dev Program

Filing Deadline   1/11/2022 11:59:00 PM

Salary    $44,989 - $58,122/year

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-recognized, award-winning organization and apply your skills to this high public purpose and challenging area. Annually, DHCD finances approximately 2,700 units of multifamily rental housing in 40 properties, amounting to $350 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 persons with disabilities, increase the energy efficiency and sustainability of affordable multifamily developments, and preserve rental housing.

The main purpose of this position is: The Loan Administrator manages the process of loan underwriting and approval for the Community Development Administration’s Multifamily Housing Development Programs, and reports directly to the Deputy Director for Rental Lending, Multifamily Housing Development Programs. The person holding this position acts as the liaison, coordinating the activities between the lower and upper management staffs. This position applies and interprets complex administrative plans for the lending activities of the department and makes operational decisions and recommendations that ensure the efficient and effective review, approval and loan closing for the financing of both new construction and acquisition/rehabilitation of affordable multifamily housing. In this regard the position directly contributes to the Department’s mission of providing safe, decent and

affordable housing for low- and moderate-income individuals and families. On an annual basis, loan volume is expected to reach approximately 2,500 units of multifamily rental housing throughout the State, representing an estimated $500 million in bonds and State loans.

This position provides: DHCD offers a flexible work schedule, telework and job sharing options, training,

advancement and career path opportunities, casual business dress on Fridays, and a competitive salary. There is ample parking and our offices are located in walking distance to the New Carrollton MARC Train Station.

The suddessful candidate must have a bachelor’s degree and three years of community assistance experience. For more information and to apply online, please visit:

https://www.jobapscloud.com/MD/sup/bulpreview.asp?R1=21&R2=004382&R3=0008

More searches like this