Rental Development Programs Manager

ARIZONA DEPARTMENT OF HOUSING

Housing is the foundation for success. We lead and collaborate with our community partners to create, preserve and invest in affordable housing. We protect housing consumers and revitalize communities to make Arizona the best place to live.

Salary determined by experience.

Under the supervision of the Rental Development Programs Administrator, the Rental Development Programs Manager serves as a team leader and is responsible for working with the rental development team to manage affordable rental development projects, ensuring compliance with regulations and contractual provisions. The Rental Development team distributes approximately $35 million in funds each year for the production of approximately 2,500 units of affordable housing.

The Arizona Department of Housing (ADOH) is the Low Income Housing Tax Credit (LIHTC) allocating agency for Arizona, and also awards and administers gap funding including State Housing Trust Funds, National Housing Trust Funds, and HOME Investment Partnership Program Funding.

The State of Arizona strives for a work culture that affords employees flexibility, autonomy, and trust. Across our many agencies, boards, and commissions, many State employees participate in the State’s Remote Work Program and are able to work remotely in their homes, in offices, and in hoteling spaces. All work, including remote work, should be performed within Arizona unless an exception is properly authorized in advance.

The Rental Development Programs Manager will manage the pipeline of projects the Rental Division oversees, coordinating and prioritizing across team members. This position will engage with developers, syndicators, lenders, CPA’s, attorneys, consultants, and regulators regarding rental development projects in various stages of completion, deriving solutions to daily challenges, and keeping projects, in every stage of the development moving forward.

This position will assist the Rental Development Programs Administrator in developing policy recommendations for the Qualified Allocation Plan (QAP), the State Housing Fund Application Guide, the Housing Trust Fund Allocation Plan and other policy documents related to rental development. The position will be responsible for revising financial analysis instruments to ensure they reflect new market conditions, changes in the LIHTC program and changes in the QAP.

The Programs Manager will assist with preparation of Notices of Funding Availability as well as in application review and scoring.

Additional duties include:

• Track and analyze data from project submissions to assist with data analysis and reporting, as well as establishing underwriting criteria related to cost and other performance standards to be used as benchmarks in the QAP.
• Provide coverage and training and assistance to Risk Assessment Officers with all aspects of project underwriting. Underwriters analyze rental and home ownership development proposals to determine their financial and operational feasibility and the extent to which they require LIHTC, HOME, HTF, NSP and other State funds.
• Provide coverage and training and assistance to Loan Specialists in all aspects of legal document preparation and review, from initial closing to 8609, including communication with partners and prioritization of workload.
• Actively engage in communications with the Compliance and Asset Management Divisions to glean knowledge from everyday problems that can be applied to process improvement and arrive at solutions for properties experiencing financial/operational/ownership difficulties.

This position may offer the ability to work remotely, in Arizona, to include in-office hoteling, based on the department’s business needs and continual meeting of expected performance…