REPORTS TO : Managing Director, Financial Consulting STATUS : Full-Time (40 hours / week), Exempt ANNUAL SALARY : FC $130,000 to $142,500 - Senior FC $145,000 to $160,000 LOCATION : Hybrid in California (or Remote, in California)
This is a hybrid position that requires a minimum, in-office presence of one day per week from either our San Francisco, Sacramento, or Los Angeles office (or optionally, remote from within California if commute distance would prove a hardship).
We are hiring for ONE position at one of the following levels of seniority, depending on qualifications and experience :
- Financial Consultant
- Senior Financial Consultant
ABOUT THE ROLES
The California Housing Partnership (the Partnership) is seeking to hire ONE (1) Financial Consultant (FC) or Senior Financial Consultant (SFC) to join our Financial Consulting team. Unlike typical financial advisors, the Partnership's Financial Consulting staff do not see themselves as third-party consultants whose sole task is to run financial projections and advise on important financial decisions.
Financial Consultant staff must be able and willing, after appropriate training, to provide intensive coaching and mentoring to less experienced project managers from our partner organizations as well as to engage more experienced project managers and Directors of Housing Development in detailed conversations about the pros and cons of various approaches to financing their developments and tips on avoiding pitfalls in the development process.
BASIC DUTIES & RESPONSIBILITIES
FINANCIAL CONSULTANTS (FCs) and SENIOR FINANCIAL CONSULTANTS (SFCs) are responsible for advising clients on financial strategies to structure and maximize equity and bond or loan proceeds raised, selection of equity investors and lenders, and negotiation of deal terms, preparation of financial projections and assistance in obtaining funding from a large array of competitive programs including, but not limited to :
Tax-Exempt Private Activity Mortgage Revenue and 501(c)3 BondsFederal 9% and 4% Low Income Housing Tax Credits and State of CA Tax CreditsState of California Housing and Community Development (HCD) programs including : Affordable Housing and Sustainable Communities (AHSC); No Place Like Home (NPLH); Homekey; and Multifamily Finance Super NOFA which includes Veterans Housing and Homelessness Prevention Program (VHHP), Multifamily Housing Program (MHP), Joe Serna Jr. Farmworker Housing Grant (FWHG), and Infill Infrastructure Grant (IIG)California Housing Finance Agency (CalHFA) Mixed Income Program (MIP) and tax-exempt permanent loan and bond issuance programsState and local government HOME, CDBG, Permanent Local Housing Allocation (PLHA) and local trust fundsMcKinney Supportive Housing ProgramUSDA Rural Development programsProject-based Section 8 Vouchers and contract extensionsHUD multifamily and public housing programs, including Rental Assistance Demonstration (RAD), Section 8 PBRA contracts, 202 / 811 recapitalizations, FHA mortgage insurance, MAHRA, and Preservation programsFederal Home Loan Bank AHP ProgramOther federal, state and local funding sourcesAfter an appropriate training period, FCs and SFCs also must be able to :
Independently run the Partnership's in-house proforma considering all of the above funding sources, their rules and interactions.Provide expert advice to nonprofit and local government housing agency partners regarding the optimal use of all the financing programs and services described above.Provide expert consulting services on syndication and resyndication structuring, including a strong understanding of tax and financial concepts, as well as investor negotiating strategies.Provide expertise to our partners on exit strategies for projects where Tax Credits are reaching the end of their 15-year compliance period by analyzing project economics, tax and regulatory considerations, and assisting partners in structuring a financing plan that employs innovative techniques to ensure that the nonprofit sponsor can retain ownership of the project with minimal out-of-pocket cash requirements.QUALIFICATIONS & REQUIREMENTS
FINANCIAL CONSULTANT : Our ideal candidate is someone with current and advanced knowledge in affordable multifamily housing development and financing. Those with experience in applying for and structuring tax-exempt bonds, recent project management experience with a LIHTC housing developer, and / or experience in delivering or designing related trainings are highly encouraged to apply.
We recognize that each applicant for this role will bring unique skills, knowledge, experiences, and background to this position. We welcome diverse experiences and perspectives in our applicant pool, and at a minimum are seeking candidates who possess the following :
At least four (4) years' experience in affordable multifamily housing development and financing.Detailed knowledge of current multifamily financing techniques and resources including the rules of at least the most important financing programs listed.Extensive hands-on experience with the Low Income Housing Tax Credit (LIHTC) program including experience preparing LIHTC applications with minimal supervision and detailed knowledge of LIHTC investment structuring and analysis.Extensive experience in developing and running multifamily rental real estate proformas.Knowledge of and ability to communicate about affordable rental housing policy issues.Proficiency with Apple computers and various cloud-based tools such as Salesforce, DropBox, Google Drive, and Microsoft OneDrive or willingness and ability to learn such tools.Expert level ability with Microsoft Office products including Excel, Word and PowerPoint.Alignment with the Partnership's stated mission as well as core organizational and equity values as demonstrated by prior work and life experience.Ability and willingness to travel within CaliforniaSENIOR FINANCIAL CONSULTANT : Our ideal candidate is someone with current and advanced knowledge in affordable multifamily housing development and financing. Those with recent project management experience with a LIHTC housing developer and / or experience in delivering or designing related trainings are highly encouraged to apply.
We recognize that each applicant for this role will bring unique skills, knowledge, experiences, and background to this position. We welcome diverse experiences and perspectives in our applicant pool, and at a minimum are seeking candidates who possess the following :
At least seven (7) years' experience in affordable multifamily housing development and financing.Detailed knowledge of current multifamily financing techniques and resources including the rules of at least the most important financing programs listed.Extensive hands-on experience with the Low Income Housing Tax Credit (LIHTC) program including experience preparing LIHTC applications with minimal supervision and detailed knowledge of LIHTC investment structuring and analysis.Extensive hands-on experience in at least one of the following : Applying for and structuring tax-exempt bonds and State of CA HCD programs; Proforma modeling, including full tax analysis; and Lender / investor negotiations and document review.Extensive experience in developing and running multifamily rental real estate proformas.Knowledge of and ability to communicate about affordable rental housing policy issues.Proficiency with Apple computers and various cloud-based tools such as Salesforce, DropBox, Google Drive, and Microsoft OneDrive or willingness and ability to learn such tools.Expert level ability with Microsoft Office products including Excel, Word and PowerPoint.Alignment with the Partnership's stated mission as well as core organizational and equity values as demonstrated by prior work and life experience.Ability and willingness to travel within CaliforniaCOMPENSATION & BENEFITS PACKAGE
The Partnership offers annual performance-based salary increases and maintains competitive compensation ranges. Starting salary is determined based on the candidate's experience, knowledge, and skill level. The salary range for each position level is as follows :
Financial Consultant : $130,000 - $142,500Senior Financial Consultant : $145,000 - $160,000J-18808-Ljbffr