Working Title: Preservation Supervisor

Job Class: Housing Program Supervisor

Agency: Housing Finance Agency

• Job ID : 80933

• Location : St. Paul

• Telework Eligible : Yes, with intermittent trips to the office and other work locations. Teleworking employees are required to live in Minnesota or in a state bordering Minnesota.

• Full/Part Time : Full-Time

• Regular/Temporary : Unlimited

• Who May Apply : Open to all qualified job seekers

• Date Posted : 10/11/2024

• Closing Date : 10/25/2024

• Hiring Agency/Seniority Unit : Housing Finance Agency / Housing Finance-MMA

• Division/Unit : Human Resources Processing / MF-Preservation & Underwriting

• Work Shift/Work Hours : Day Shift

• Days of Work : Monday - Friday

• Travel Required : No

• Salary Range: $43.59 - $62.41 / hourly; $91,015 - $130,312 / annually

• Classified Status : Classified

• Bargaining Unit/Union : 216 - Middle Management Association/MMA

• FLSA Status : Exempt - Executive

• Designated in Connect 700 Program for Applicants with Disabilities (https://mn.gov/mmb/careers/diverse-workforce/people-with-disabilities/connect700/) : Yes

The work you'll do is more than just a job.

At the State of Minnesota, employees play a critical role in developing policies, providing essential services, and working to improve the well-being and quality of life for all Minnesotans. The State of Minnesota is committed to equity and inclusion, and invests in employees by providing benefits, support resources, and training and development opportunities.

Minnesota Housing is hiring! We’re a mission-focused financial institution looking for a Preservation Supervisor who will provide direction and support to the Publicly Owned Housing Program (POHP), Rental Rehabilitation Deferred Loan Program (RRDL), Request for Action (RFA) teams as well as the High- Rise Sprinkler System program. RFAs are loan servicing requests that include, but are not limited to changes in ownership, changes in use, payoffs, debt restructuring, and assumptions and subordinations of Agency loans on existing rental housing projects. The Preservation Supervisor will also guide the work of the POHP and RRDL team and High-Rise Sprinkler System program on issuing Request for Proposals (RFPs) for funding, program guide development, technical assistance, selecting and underwriting projects. The Preservation Supervisor works with the Underwriting Manager, Assistant Commissioner of Multifamily, and the Assistant Commissioner for Policy on implementing new preservation programs.

Essential Job Duties

• Supervise and support a growing team, which currently has 7 staff - 5 underwriters, 1 loan processor and 1 underwriting technician.

• Lead weekly RFA cross divisional team meetings-- collaborate with staff on problem solving, review reports and assist staff with underwriting questions and issues.

• Work with and guide the POHP and RRDL team on program design, delivery, application review, funding recommendations, and project management; Guide the upcoming POHP Appropriations RFP of $40 million and the next round of RRDL funding.

• Work with and guide the High-Rise Sprinkler System program manager on design, delivery, application review, selections and related Office of Grants Management grants policy issues.

• Develop and refine preservation scoring criteria for Agency funding under various programs, including the QAP/Consolidated RFP.

• Assist owners and buyers with preservation funding strategies.

• Serve as the subject matter expert on the continuum of preservation and related issues: naturally occurring, public housing/RAD, HTC, Section 8 (including 8bb transfers), Rural Development and tribal.

• Lead the Interagency Stabilization Group, a collaborative, multi-funder effort to preserve properties in jeopardy.

• Perform other duties as assigned.

Minimum Qualifications

To be qualified for and considered for this position, applicants must meet all of the minimum qualifications listed below. Ensure that your resume contains descriptions of your work experiences sufficient for comparison against the requirements stated below and indicate the beginning and ending month and year for each job held.

Only applicants whose resumes clearly demonstrate fulfillment of each of these minimum qualifications will be considered for this position.

• Four (4) years of underwriting and or asset management experience in affordable multifamily housing, which should include working knowledge of deferred funding, Section 8, Rural Development 515 mortgages, low-income housing tax credits (LIHTC), and/or first mortgage products.

• An Associate's degree in Housing, Public Administration/Policy, Community Development/Planning, Business or Finance may substitute for 6 months of experience – or – a Bachelor’s degree in the listed fields may substitute for 12 months of experience – or – a Master’s degree in the listed fields may substitute for 18 months of experience.

• Demonstrated leadership experience, including at least one of the below:

• Experience as a manager, supervisor or team lead

• Completion of a State leadership development program, such as Emerging Leaders Institute (ELI) or Senior Leadership Institute (SLI)

• Completion of a similar or equivalent leadership development program through another organization

• A paid or unpaid position leading a project or program or chairing a committee, such as an Employee Resource Group (ERG). This experience must include:

• 1+ years of identifying issues, goals, and strategic actions and

• 100+ hours per year time commitment

• (Resume must clearly document how experience meets these requirements)

• Experience interpreting and working with legal documents, including loan agreements and limited partnership agreements.

• Knowledge of affordable housing real estate transactions, lending, policy, and program administration. Including federal Low-income Housing Tax Credit (LIHTC); HUD Risk-share first mortgage program; federal HOME & National Housing Trust Fund programs; and state funding programs that may include the Economic Development Housing Challenge (EDHC) loan program, Preservation Affordable Rental Investment Fund (PARIF) loan program, Housing Infrastructure Bonds (HIBs) and/or CDBG funding (or other similar state or local programs)

• Demonstrated organizational, time management, problem solving skills and dependability.

• Demonstrated team leadership skills sufficient to lead strategically, build relationships with internal and external partners, work effectively with others from different backgrounds and cultures, communicate complex information, monitor outcomes and guide staff and partners.

• Ability to develop individual staff members and to foster a positive, productive team atmosphere.

Preferred Qualifications

• Our employees are dedicated to ensuring cultural responsiveness. Preferred candidates will have a variety of experiences working effectively with others from different backgrounds and cultures.

• Master's degree in urban planning, real estate, accounting, finance, business administration, public administration or another similar field.

Physical Requirements

Requires moving office items such as file folders and small office tools.

Additional Requirements

This position requires successful completion of the following:

• Reference Checks.

• Job related background checks.

• Conflict of Interest Disclosure.

AN EQUAL OPPORTUNITY EMPLOYER

Minnesota State Colleges and Universities is an Equal Opportunity employer/educator committed to the principles of diversity. We prohibit discrimination against qualified individuals based on their race, sex, color, creed, religion, age, national origin, disability, protected veteran status, marital status, status with regard to public assistance, sexual orientation, gender identity, gender expression, or membership in a local commission as defined by law. As an affirmative action employer, we actively seek and encourage applications from women, minorities, persons with disabilities, and individuals with protected veteran status.

Reasonable accommodations will be made to all qualified applicants with disabilities. If you are an individual with a disability who needs assistance or cannot access the online job application system, please contact the job information line at 651-259-3637 or email careers@state.mn.us . Please indicate what assistance is needed.