Housing Program Specialist

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SALARY: $44,755-- FULL-TIME 

OFFICE LOCATION: 22 The Green, Dover, DE

CLOSING DATE: 02/07/2019

This non-State position is responsible for managing housing programs that include state and federal programs such as Low Income Housing Tax Credits, the Housing Development Fund, the Federal HOME program and various federal community development programs. 

MINIMUM QUALIFICATIONS 

Applicants must have education, training and/or experience demonstrating competence in each of the following areas: 

  1. Experience in financial analysis, preferably with affordable, multi-family housing, housing development programs and multi-family revenue bonds. 

  2. Experience in contract administration such as application development, review, awarding and executing contracts, etc. 

  3. Experience in the use of computers and applicable software and data management. 

  4. Knowledge of housing development, affordable housing project/program management.

  5. Knowledge of local, state and federal laws, rules, regulations, policies and procedures applicable to housing finance, development or community development programs. 

  6. Knowledge of loan underwriting or mortgage lending practices and procedures. 

  7. Ability to communicate effectively. 

This position requires the successful completion of a criminal background screening.

PRINCIPLE ACCOUNTABILITIES 

Essential functions are fundamental, core and are not intended to be an exhaustive list of all job duties. Since specifications are descriptive and not restrictive, incumbents can complete job duties of similar kind not specifically listed here. 

  • Reviews, analyzes and underwrites project applications for affordable income, multi-family housing programs 

  • Ranking projects and participating in application review process 

  • Responsible for ensuring that all program activities are compliant with federal, state and local regulations and policies 

  • Develops and recommends new funding sources, new programs, revisions to existing programs or financial structuring, policies, procedures, guidelines, to ensure compliance with applicable state and federal laws, rules, and regulations to meet the needs of targeted populations 

  • Annually prepare recommendations for Qualified Allocation Plan/Application process

  • Prepare all Tax Credit allocation documents 

  • Act as DSHA’s internal expert on Tax Credit matters 

  • Monitor the progress of developments receiving Tax Credits 

  • Work closely with DSHA construction managers in preparing and analyzing cash flow projections, operation and construction budgets and financial structuring of multi-family housing developments for Tax Credits. 

  • Review and perform subsidy layering for all HOME and Tax Credit developments that are receiving multiple federal funds and determine Internal Rate of Return. 

  • Responsible as an integral part of DSHA’s bond finance team 

  • Utilize IDIS and MITAS database software for entering project or loan data, completing transactions, and using MITAS allocation features including the IRS 8609 form. 

  • Accepts application, allocation and monitoring fees and monitors disbursements through a draw process for proper expenses, as applicable. 

  • Recommends alternative courses of action in order for project/programs to work. 

  • Prepares contracts with project sponsors outlining the conditions of funding and ramifications of noncompliance for projects. 

  • Serves as DSHA’s primary contact for federal funding programs assigned. 

  • Reviews, recommends, approves, and coordinates payment of services and change orders.

  • Conducts monitoring inspections to determine contractual compliance and to ensure conformance to program plans. 

  • Coordinates meetings and communicates with sponsors, attorneys, lenders, mortgage insurance companies, contractors, appraisers, accountants and others regarding programs, project criteria, and problem solving to ensure state and federal requirements are met.

  • Responsible for Federal collection and reporting for HOME program; Section 3; Minority and Women Business and Veteran Owned Enterprises; Davis-Bacon wage requirements; on-site interviews; payroll reviews; and other Federal or State reporting. 

  • Develops computer applications and project tracking mechanisms to monitor the effectiveness of programs/projects, determine compliance with applicable state and federal requirements, etc. 

  • Approves extension of due dates. 

  • Recommends canceling credits/loans 

  • Prepares financial, programmatic, and special reports and correspondence 

  • Prepares correspondence and reports and maintains records. 

  • Perform related work as required.

BENEFITS 
These include up to 15 vacation days and 15 sick day leave accrual, up to 13 paid holidays a year, liberal retirement benefits, immediate access to paid health, short and long term disability, and life insurance plans as well as voluntary dental, vision, and various supplemental benefit options. 

APPLICATION PROCEDURES: Applications must be completed by the closing date of February 7, 2019 on our website www.destatehousing.com (Click on About Us, Employment, Click Here to View All Current Openings, Select job, Scroll Down & Click “Apply Now”.) Contact: e-mail: hr@destatehousing.com 

DSHA IS AN AFFIRMATIVE ACTION AND EQUAL OPPORTUNITY EMPLOYER. 

Accommodations are available for applicants with disabilities in all phases of the application and employment process. Please call DSHA at 302.739.4263 or 888.363.8808 with any questions or requests. TTY/ ASCII/ VOICE/ VCO users may utilize the Telecommunications Relay Service (TRS) at 800.676.3777. 

DIRECT DEPOSIT OF PAY IS A CONDITION OF EMPLOYMENT. FAILURE TO AGREE TO PARTICIPATE IN DIRECT DEPOSIT WILL RESULT IN THE WITHDRAWAL OF OFFER OF EMPLOYMENT. DSHA HAS A LAG PAY SYSTEM.

Renee ReithelComment