Assistant Commissioner, Project Finance (Operations Manager I) (NCS) - Department of Housing & Community Development

THIS IS A NON-CIVIL SERVICE POSITION

POSTING DATE: 11/25/2024

SALARY RANGE: $99,053.00 - 163,237.00 Annually

BACKGROUND CHECK

Eligible candidates under final consideration for appointment to positions identified as positions of trust will be required to complete authorization for a Criminal Background Check and/or Fingerprint screening and must be successfully completed.

PROBATION

All persons, including current City employees, selected for this position must complete a 6-month mandatory probation.

Position Overview

The Baltimore City Department of Housing and Community Development (DHCD) was created in 1968 to consolidate local community development efforts with housing and building code enforcement. With over 400 employees, DHCD strengthens City neighborhoods by attracting investors, developers, and homebuyers. Through the administration of Community Development Block Grant (CDBG), Home funds, City bond funds, and other creative financing mechanisms, DHCD’s finances and guides strategic development projects to meet housing and neighborhood needs. To hold property owners accountable and keep neighborhoods safe, DHCD monitors construction and building activity and enforces the City's building, fire, zoning and related codes, as well as provides energy conservation services. The Assistant Commissioner of Project Finance within the Development Division is responsible for directing and managing the activities of the Project Development section relating to the coordination loan program production and loan closing for all DHCD development projects. Supervises staff engaged in compliance and inspection including evaluating the performance of, disciplining and recommending promotion, hiring and firing of such personnel. Work of this class involves managing real estate development officers, underwriters, project compliance officers, project coordinators, administrative staff and inspection personnel. The incumbent reports to the Deputy Commissioner of the Development division.

Essential Functions

• Conducts detailed, high-level financial analysis; prepares development options and strategies, determines financial feasibility, as well as underwrites and assesses development proposals and develop recommendations.
• Coordinates loan program activities and loan closing for development projects with City funding, such as, Investment Partnerships Program (HOME), Affordable Housing Trust Funds (AHTF), Community Development Block Grant (CDBG), Community Development BOND funds, Section 108, Rental Housing Production (RHP), Taxable Bonds, and Syndication of 9% and 4% Low Income Tax Credits.
• Evaluates the performance of staff (underwrites, project compliance officers, project coordinators, administrative staff and inspection personnel); disciplines and recommends the promotion, hiring and firing of such personnel.
• Provides technical assistance to staff on underwriting, development loan packaging and approval processes of loan transactions. Supervises the closing of all agreements associated with project pre-development, development and post-development funding and financing for new construction and/or renovation of residential multi-family and public facilities and other community development activities.
• Advises applicants on borrowing and development and assists them in the city development process.
• Establishes and maintains liaison with attorneys, funding agencies such as the U.S. Department of Housing and Urban Development, State of Maryland, Baltimore Community Lending (BCL), and the City of Baltimore - Finance Department on specific transactions and projects.
• Develops procedures according to policies to ensure compliance with State, Federal and Local law; implements new financing techniques. Supervises the preparation of narrative statistical analysis, track reports for DHCD, the City, State and other entities.
• Meets with private industry developers and non-profit organizations to garner support for publicly funded developments.
• Participates in panel discussions on resale or reuse of City owned.
  
  

Education And Experience Requirements

EDUCATION: A master’s degree in business administration, Public Administration, Management, Law or related field from an accredited college or university.

AND

EXPERIENCE: Six years of senior management, policy-driven operational responsibilities including 3 years of experience managing homogeneous functions subordinate supervisors is required. An equivalent combination of education and experience.

KNOWLEDGE, SKILLS, AND ABILITIES:

• Knowledge of the principles, practices and procedures of business and public administration.
• Knowledge of the principles and practices of financial analysis and of construction lending and underwriting.
• Knowledge of research techniques and methodologies.
• Knowledge of the principles and practices of real estate development.
• Knowledge of organizational structure, staffing patterns and administrative controls.
• Knowledge of general principles, practices and techniques of urban development, urban renewal, particularly those relating to acquisition, disposition and management of real property.
• Ability to synthesize data from a wide variety of sources and construct complex statistical reports
• Ability to communicate effectively and to present research results orally and in writing.
• Ability to interpret, explain and implement Federal, State and private financial institutions’ policies pertaining to loans and development financing.
• Ability to plan, organize, direct the work of others and develop operational programs and procedures.
• Ability to speak and testify effectively before governmental and legal bodies and commissions and community and business groups.
• Ability to establish and maintain effective working relationships with city officials, community and business groups.
• Ability to exercise judgment and discretion in applying and interpreting departmental policies, laws, rules, regulations and procedures.
• Ability to develop and install program procedures.
• Ability to maintain confidentiality of sensitive information.
• Ability to communicate effectively with co-workers, staff of other agencies and the general public.
• Skill in the analysis and evaluation of development proposals.
  
  

Benefits

The City of Baltimore offers a generous and competitive benefits package. You can learn about our benefits here:

https://humanresources.baltimorecity.gov/hr-divisions/benefits

☒ FINANCIAL DISCLOSURE

This position is required to complete a Financial Disclosure pursuant to Sections 7-7, 7-8, and 7-9 of the City Ethics Law.

Baltimore City Government is an Equal Employment Opportunity Employer, and we are committed to a workplace that values diversity, equity, and inclusion. The City of Baltimore prohibits discrimination on the basis of race, color, religion, age, sex, ancestry, creed, national origin, disability status, genetics, marital status, military service, sexual orientation, gender identity/expression or any other characteristic protected by federal, state or local laws. Applicants requiring accommodations during the hiring process should contact the Department of Human Resources directly. Requests for accommodations should not be attached to the application.

BALTIMORE CITY IS AN EQUAL OPPORTUNITY EMPLOYER