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Financial Consultant OR Senior Financial Consultant

Financial Consultant OR Senior Financial Consultant

California Housing PartnershipBirmingham, AL, US
1 day ago
Job type
  • Permanent
Job description

Financial Consultant or Senior Financial Consultant

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.

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 Bonds
  • Federal 9% and 4% Low Income Housing Tax Credits and State of CA Tax Credits
  • State 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 programs
  • State and local government HOME, CDBG, Permanent Local Housing Allocation (PHLA) and local trust funds
  • McKinney Supportive Housing Program
  • USDA Rural Development programs
  • Project-based Section 8 Vouchers and contract extensions
  • HUD multifamily and public housing programs, including Rental Assistance Demonstration (RAD), Section 8 PBRA contracts, 202 / 811 recapitalizations, FHA mortgage insurance, MAHRA, and Preservation programs
  • Federal Home Loan Bank AHP Program
  • Other federal, state and local funding sources

After 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.

    • While the primary duties are providing financial consulting services for nonprofit and local government housing agencies, FCs and SFCs must also assist in designing and delivering training programs on the above topics, including training sessions for the Housing Development Training Institute (HDTI) conducted by the Partnership. Similarly, they must be able and willing to provide expert technical assistance to the staff of nonprofit and local government housing agencies regarding the same list of topics. Finally, FCs and SFCs, like other Partnership employees, must periodically assist with basic office administrative functions consistent with a small nonprofit organization.

    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. With this, we are seeking individuals that are detail-oriented, self-starters, possess strong organizational skills and the ability to multitask overlapping deadlines and assignments, and have strong interpersonal and communication (verbal and written) skills.

    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.
  • Master's degree in a directly related field may substitute for up to one year of work experience.
  • 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 mission and commitment to diversity, equity, and inclusion.
  • Ability and willingness to travel within California.

    • SENIOR 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. With this, we are seeking individuals that are detail-oriented, self-starters, possess strong organizational skills and the ability to multitask overlapping deadlines and assignments, and have strong interpersonal and communication (verbal and written) skills.

    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.
  • Master's degree in a directly related field may substitute for up to one year of work experience.
  • 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 mission and commitment to diversity, equity, and inclusion.
  • Ability and willingness to travel within California.

    • Compensation & 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 - $142,500
  • Senior Financial Consultant : $145,000 - $160,000

    • The Partnership also offers a robust benefits package to all permanent employees working 20 or more hours per week, including :

  • Medical Benefits :
  • 100% employer-paid medical, dental, and vision insurance
  • 80% premium coverage for dependents
  • Medical waiver subsidy for employees who opt out of health insurance
  • Employer-paid Health Reimbursement Account (HRA) covering up to $1,200 / year for out-of-pocket medical expenses
  • Workplace Support :
  • Hybrid work model
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    Financial Consultant • Birmingham, AL, US