Development Officer

Development Officer

The City of San Jose Housing Department is a leader in the development of affordable housing. Its mission is to strengthen and to revitalize our community through housing and neighborhood investment. The Housing Department provides loans for the development of affordable housing and manages a portfolio of over 17,000 housing units with a total value that exceeds $700 million. Over the next five years, the City Council has a goal of creating 25,000 housing units, 10,000 of which will be affordable. The Housing Department has an operating budget of approximately $19 million and 112 employees. The Housing Department is committed to creating and supporting a diverse work environment with a staff that values inclusion.

The Housing Department is currently seeking to fill four full-time Development Officer vacancies in the Production and Preservation Team and the Asset Management Team.

The salary range for this classification is $118,460.16 - $144,318.72. This salary range(s) includes an approximate five percent (5%) ongoing non-pensionable compensation. Actual salary shall be determined by the final candidates' qualifications and experience.

Development Officer - Production & Preservation : The Development Officer in the Production & Preservation team will be responsible for reviewing the structure of multi-family financing proposals for new construction and preservation of affordable housing. Tasks will include, but not be limited to : working with affordable housing developers and community groups to proactively manage affordable housing projects from the earliest stages through completion; underwriting loans for the production, rehabilitation and preservation of affordable rental housing with tax credit and / or tax-exempt bond financing, with a focus on determining feasibility and effect on the City's repayments, risks and policy objectives; reviewing financial statements and proformas for feasibility; managing support staff.

Development Officer - Asset Management : The Development Officer in the Asset Management team will be responsible for providing regulatory oversight and compliance of financing and affordability agreements within the City's affordable housing portfolio. The Development Officer should be well versed in real estate finance, have strong financial and technical skills. The City's housing portfolio consists of over 200+ multi-family residential developments, and over 22,000 housing units. Candidates must be able to understand, interpret, and enforce financing and development agreements. In addition, they must have a general understanding of finance and accounting, fair housing, rental laws, and rent limits. The incumbent is responsible for compliance of local / state / federal regulations, ensuring financial viability and providing overall asset strategy and policy development of the portfolio.

The ideal candidate for this position will be responsible for monitoring the financial and compliance performance of the City's multifamily housing portfolio, including reviewing budgets, audited financial statements, cash flow analyses, and loan servicing activities. Key duties include assessing reserves, collecting fees and residual receipt payments, conducting risk rating assessments, and evaluating project financial strength to recommend solutions that protect both the borrower and the City. The role also oversees compliance functions such as reviewing tenant rent and income data, management agreements, insurance coverage, and regulatory reports, as well as verifying on-site files and field data to ensure adherence to affordability, fair housing, and regulatory requirements.

Minimum Qualifications

Education : Bachelor's Degree from an accredited college or university in Planning, Housing, Geography, Economics, Business Administration, Public Administration, Political Science, Sociology or related field.

Experience : Four (4) years of increasingly responsible directly related work experience, including one (1) year performing work of a similar nature and level as Development Specialist with the City of San Jos.

Acceptable Substitutions : Additional related experience may be substituted for the education requirement on a year-for-year basis.

This position requires a disclosure of outside investments, real property interest, income, and business positions. You must complete and file an "Assuming Office Form 700" with the City Clerk's Office within the first 30 days of employment with the office.

Other Qualifications

Job Expertise Demonstrates knowledge of and experience with applicable professional / technical principles and practices, Citywide and departmental procedures / policies and federal and state rules and regulations.

• Knowledge of urban renewal, neighborhood preservation, low-income housing programs or affordable housing development.

Communication Skills - Effectively conveys information and expresses thoughts and facts clearly, orally and in writing; demonstrates effective use of listening skills and displays openness to other people's ideas and thoughts.

Teamwork and Interpersonal Skills - Develops effective relationships with co-workers and supervisors by helping others accomplish tasks and using collaboration and conflict resolution skills.

Computer Skills - Experienced with common business computer applications including but not limited to : MS Outlook, MS Word, MS PowerPoint, MS Access, and MS Excel.

Analytical Thinking - Approaching a problem or situation by using a logical, systematic, sequential approach.

Collaboration - Develops networks and builds alliances; engages in cross-functional activities.

Fiscal Management - Understands the relationship of the budget and resources to the strategic plan; complies with administrative controls over funds, contracts, and procurements.

Project Management - Ensures support for projects and implements agency goals and strategic objectives.

Supervision - Sets effective long and short-term goals based on a good understanding of management practices; establishes realistic priorities within available resources; provides motivational support; empowers others; assigns decision-making and work functions to others in an appropriate manner to maximize organizational and individual effectiveness.

The selection process will consist of an evaluation of the applicant's training and experience based on the application and responses to all the job specific questions. You must answer all questions to be considered or your application may be deemed incomplete and withheld from further consideration. Applicants are expected to write their own essays / responses. Please be advised that use of AI content in your responses may result in your removal from the hiring process. Only those candidates whose backgrounds best match the position will be invited to proceed in the selection process.

If you have questions about the duties of these positions, the selection or hiring processes, please contact Anthony Vu at Anthony1.Vu@sanjoseca.gov.

Additional Information : Employment Eligibility : Federal law requires all employees to provide verification of their eligibility to work in this country. Please be informed that the City of San Jose will NOT sponsor, represent or sign any documents related to visa applications / transfers for H1-B or any other type of visa which requires an employer application.

You must answer all job-specific questions to be considered for this vacancy or your application will be deemed incomplete and withheld from further consideration. Applicants are expected to write their own essays / responses. Please be advised that use of AI content in your responses may result in your removal from the hiring process.

Please note that applications are currently not accepted through CalOpps or any other third party job board application system.

This recruitment may be used to fill multiple positions in this, or other divisions or departments. If you are interested in employment in this classification, you should apply to ensure you are considered for additional opportunities that may utilize the applicants from this recruitment.

Please allow adequate time to complete the application and submit before the deadline or the system may not save your application. If your online application was successfully submitted, you will receive an automatic confirmation email to the email address you provided. IF YOU DO NOT RECEIVE THE CONFIRMATION, please email CityCareers@sanjoseca.gov and we will research the status of your application.