Alliance Resource Consulting

Senior Development Officer, Affordable Housing

City of San José, CA - San Jose, CA

The City of San José Housing Department is a leader in the development of affordable housing. Its mission is to strengthen and revitalize the community through housing and neighborhood investment. The Housing Department provides loans for the development of affordable housing and manages a portfolio of over 17,000 housing units with a total value that exceeds $700 million. Over the next five years, the City Council has a goal of creating 25,000 housing units, 10,000 of which will be affordable.

The Senior Development Officer will be assigned to the Multifamily Project Development Program and will manage all phases of affordable housing lending. The position will oversee the activities and programs within the Affordable Housing Production Division. The Senior Development Officer reports to a Housing, Planning and Policy Administrator.

The incumbent will be responsible for reviewing the structure of financing proposals for new multi-family construction and the preservation of affordable housing. Tasks will include, but not be limited to:

  • Working with affordable housing developers and community groups to proactively manage affordable housing projects from the earliest stages through completion
  • Underwriting loans for the production, rehabilitation and preservation of affordable rental housing with tax credit and/or tax-exempt bond financing, with a focus on determining feasibility and effect on the City’s repayments, risks and policy objectives;
  • Reviewing financial statements and pro formas for feasibility
  • Managing Development Officers and support staff

The ideal candidate for this position has extensive experience at a management level in banking, lending or real estate development with strong underwriting, loan servicing and regulatory compliance background. They have experience with affordable housing principles and policies and state and federal governmental lending in support of affordable housing development. They are familiar with the principles and processes of loan underwriting for the production, rehabilitation and preservation of affordable multi-family rental properties and single-family properties as well as the California Redevelopment law on affordable housing, and inclusionary policies and procedures.

The best-qualified candidate has excellent oral and written communication skills and the ability to establish positive working relationships with outside organizations, City staff, and key stakeholders. This person is a skilled multitasker with the ability to organize and manage multiple projects and processes in a high-pressure environment to ensure that deadlines are met. They have the ability to carry out detailed analytical assignments and make sound judgments and recommendations. They are adept at presenting complex information to a range of audiences in terms that are easily understood by all.

The successful candidate will be a team player who is comfortable working in a diverse environment. Their values will align with the City of San Jose’s values of: Integrity, Innovation, Excellence, Collaboration, Respect, Celebration and Diversity.

Required Education and Experience

Completion of a Bachelor’s Degree from an accredited college or university in Planning, Housing, Geography, Economics, Business Administration, Public Administration, Political Science, Sociology or related field and five years of increasingly responsible professional level, directly related work experience, including two years of supervisory or development project lead experience. Previous experience working in a large, complex government agency will be an asset but is not required.

Salary: $107,868.80 - $131,372.80 per year, DOQ plus a generous benefits package.

Apply immediately at www.alliancerc.com for priority consideration. Applications will be reviewed as they are received. For questions and inquiries, please contact Cindy Krebs at ckrebs@alliancerc.com or 562-901-0769, ext. 336.





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