HACC

SUMMARY
Under direction of the Executive Director, serves as the real estate development lead for the Authority and is responsible for the structuring and oversight of development projects for the Authority in accordance with HUD, IHDA and other applicable regulations.

Please apply by January 6, 2025.

ESSENTIAL FUNCTIONS
• Submit financing applications for the rehabilitation of the Authority’s existing Low-Income Public Housing properties including those for 4% and 9% Low-Income Housing Tax Credits, Illinois Affordable Housing Tax Credits, Community Development Block Grants, HOME Investment Partnership Program, and HUD’s Rental Assistance Demonstration Program (RAD).
• Develop property proformas for proposed projects to ensure financial feasibility.
• Responsible for real estate development projects from inception to completion.
• Responsible for securing permanent financing for projects such as FHA loans, conventional mortgages and construction loans.
• Review all proposals from investors and lenders to ensure project financing is structured in the best interest of the Authority.
• Responsible for all required due diligence associated with real estate transactions.
• Work with representatives from financial institutions, investors and government agencies to ensure timely closings of real estate transactions.
• Oversee the Authority’s conversion from HUD’s Low-Income Public Housing properties to HUD’s RAD program.
• Work with the Authority’s legal, architectural, financial and accounting firms throughout real estate transactions.
• Ensure compliance with investor, HUD, IHDA, and other government agency reporting requirements and regulations.
• Attend Owner Architect and Contractor (OAC) weekly meetings for properties under construction to ensure project remains on time and on budget.
• Create marketing and management plans for projects.
• Identify new real estate development opportunities and financing options.
• Oversee monthly draw payment applications for projects.
• Work with Occupancy Department and Asset Management on lease-up efforts and tenant eligibility to ensure timely delivery of tax credits.
• Represent the Authority when meeting with outside agencies for funding opportunities.

• Serve on procurement evaluation committees.
• Perform routine supervisory duties including performance evaluation and maintaining discipline.
• Performs all duties in accordance with Authority policies.

OTHER DUTIES AND RESPONSIBILITIES
• Complies with applicable job-related local, state, and federal regulations.
• Responsible for safety while performing all facets of job and observes all Housing Authority safety procedures, as well as all local, state, and federal safety laws and regulations.
• Promotes positive customer relations.
• Performs other duties as assigned.

QUALIFICATIONS
• Extensive knowledge of applicable national, state and local rules, regulations, statutes, policies and procedures regarding Low-Income Housing, or other housing type as determined by the department at the time of job posting.
• Extensive knowledge of operating policies and procedures of the HACC Low-Income Public Housing program, IRS Low-Income Housing Tax Credit program and HUD’s Rental Assistance Demonstration program.
• Extensive knowledge of all facets of affordable housing development procedures and requirements.
• Familiar with IHDA’s Qualified Application Plan (QAP) and scoring requirements.
• Familiar with appraisals, Property Needs Assessments, market studies and Phase I Environmental reports.
• Organizational and problem-solving skills.
• Demonstrated computer literacy including knowledge of Word, Excel, Adobe Acrobat, Yardi, PowerPoint and related applications.
• Ability to organize and structure financing applications.
• Ability to meet deadlines.
• Ability to oversee multiple development projects at one time.
• Ability to perform accurate mathematical functions.
• Ability to write and proofread materials for accuracy.
• Ability to multi-task and prioritize responsibilities.
• Ability to communicate and interact appropriately with the general public, applicants, residents and staff.
• Ability to follow verbal and written instructions.
• Ability to work effectively with others and work independently.
• Analytical skills and problem-solving ability.
• Customer relations skills.
• Demonstrated attention to detail.
• Demonstrated punctuality and reliability.
• Ability to produce clear, accurate and timely reports.

EDUCATION, EXPERIENCE AND/OR CERTIFICATIONS
•Bachelor’s degree (BA) or equivalent degree in real estate, finance, economics, or public or business administration or in a related field of study from a four-year accredited college or university.
• Minimum of five (5) years of supervisory experience in functional areas of affordable housing development.

EQUIPMENT AND SYSTEMS OPERATED
• Personal Computer and peripherals
• Standard Office Equipment.

ADDITIONAL WORKING CONDITIONS
• Requires availability to work beyond normal workday.
• Work environment consists substantially of indoor office activities performed in a heated/air- conditioned setting.
• Occasional travel to various work locations in all weather conditions. Must have own transportation.
• Position requires the need to walk, sit, and/or stand for extended periods of time.
• Requires stooping, bending, crouching and/or reaching for files or tools.
• Frequent repetitive hand movement (e.g. typing).
• May lift, carry and/or push up to 20 pounds.
• Appointees will be required to possess a valid driver’s license and be insurable according to agency guidelines only if the operation of a vehicle, rather than employee mobility, is necessary to perform essential duties of the position.

SALARY
The salary range for this position is $90,000 – $115,000.

BENEFITS
• Health insurance
• Dental insurance
• Vision insurance
• Life insurance
• Healthcare flexible spending account
• Dependent Care flexible spending account
• Commuter flexible spending account
• Employee assistance program
• 401(k) matching
• Paid time off

This job description is subject to change and in no manner states or implies that these are the only duties and responsibilities to be performed. The qualifications listed above are guidelines, other combinations of education and experience that could provide the necessary knowledge, skills, and abilities to perform the job will be considered.