Housing Acquisition Manager

Housing Acquisition Manager: The Housing Opportunities Commission of Montgomery County (HOC) was established in 1974 to better respond to the County's need for affordable housing. HOC is authorized to acquire, own, lease, and operate housing; to provide for the construction or renovation of housing; obtain financial assistance from any public or private source to assist its housing activities; and arrange for social services, resident services, and daycare.

Job Description:

This is a senior-level professional position responsible for the development activities of HOC and managing and monitoring the centralized planning function for HOC.

The person in this position requires an intensive knowledge of all aspects of real estate development for mixed-use and mixed income projects; of the principles and practices of the single family and multi-family real estate fields; regulations regarding the development and financing of affordable housing programs; understanding of the bond market, bond issues, bond financing, of local, state and federal laws; and attributes of successful neighborhood revitalization. The incumbent reports directly to the Vice President of Real Estate and provides guidance and advice in support of overall HOC programs and goals. The guidelines which are available are based upon precedents, administrative policies and broad principles from the appropriate field, but the employee must creatively apply own knowledge and any available data to analyze a given situation and establish acceptable practices, criteria or methods to arrive at satisfactory solutions to meet objectives. The work requires extensive planning and coordination with and direction of HOC employees, outside consultants and representatives of other government agencies and private organizations and involves problem-solving in largely undefined areas which demand comprehensive analysis and probing to establish programs or find solutions. This work directly affects the provision of HOC services to the citizens of Montgomery County and the incumbent is responsible for planning, developing and implementing HOC programs under the position's jurisdiction.

Examples of Duties:

• Perform detailed market analysis and financial underwriting to determine the feasibility of potential development projects.
• Develop project schedule, development budget, and track project costs for the duration of the project.
• Manage the development of new and renovation development projects from inception to construction completion.
• Direct programs using MPDUs.
• Assist with negotiating the purchase of land, including letters of intent and purchase and sale agreements.
• Lead the deal sourcing and due diligence activities for the acquisition of land for future development. Manage and monitor the development of appropriate multifamily housing development projects upon purchased land.
• Negotiate the purchase of existing apartment buildings suitable for low- to moderate-income housing for HOC and manage and monitor the rehabilitation of those units.
• Work cross-functionally with other internal and external teams, including Legal, Design Engineering, Construction, Economic Development, and Public Policy, to inform a countywide real estate development strategy.
• Develop new programs such as the tax credit program, and negotiate appropriate outcomes with private corporations.
• Meet with senior staff at HOC, other HOC staff, employees of other public agencies, consultants, and employees of private organizations as required to share information, resolve problems, agree upon courses of action, or to otherwise arrive at appropriate processes to create acceptable outcomes as a result of the above duties.
• Negotiate financial assistance from county, state, and federal sources for HOC developments.
• Make final decisions on all budget submissions for the Development Division.
• Attend Senior Staff meetings.
• Supervise and direct subordinates.
• Make presentations to HOC Commissioners.
• Participate in meetings with County Executive, County Council and County Planning Commission.
• Testify before County Council.
• Represent HOC on panels and in public communications.
• Develop new legislative program initiatives.
• Contribute to the continuous improvement of HOC's internal processes and reporting.
• Perform related and other duties as assigned.

Minimum Qualifications

Experience:

• At least five years of increasingly responsible experience in real estate development, real estate finance, land planning or related field.
• Experience in multifamily housing, both rental and for-sale properties, and decision-making experience involving professional-level employees desired.
• Proficient in financial analysis, creating models, and conducting market research.

Education:

• Graduation from an accredited college or university with a Bachelor's degree in Finance, Business, Real Estate, or Urban Planning, or a related field. Master's preferred.

Knowledge, Skills & Abilities:

• Knowledge of public financing tools including bond market regulations, issuing bonds, bond financing.
• Knowledge of all phases of real estate development.
• Knowledge of all aspects of federal, state, and local laws and regulations regarding development of low- to moderate-priced housing programs.
• Knowledge of the principles and practices of the real estate field including market values, market potential, sales, purchase and closing procedures, etc.
• Ability to understand laws pertaining to low- to moderate-income housing development.
• Ability to speak comfortably and effectively in public.
• Ability to make reasoned, rational, effective presentations to governing or legislative bodies.
• Ability to supervise professional staff and consultants.
• Knowledge of and experience in negotiating advantageous outcomes in the purchase of real property.
• Ability to communicate clearly both orally and in writing.
• Ability to deal with others equitably, effectively, and tactfully.
• Must have a valid driver's license.
• Ability to perform other related duties as assigned.

* Grade 28 - Min: $86,412 / Mid: $116,527 / Max: $146,641 | Salary determined by departmental budget - Offer commensurate with experience.

Financial Disclosure Statement:

Your position is designated by the County Executive as one requiring the incumbent to file a Public Financial Disclosure Statement (FDS) pursuant to Montgomery County Ethics Policy. You must file a FDS within 15 days of your hire date, on an annual basis, and when you leave this position.