Housing Development Manager

The Housing Development Manager’s primary responsibility is to manage affordable housing proposals from developers seeking local and/or federal funding from the City. This includes regular coordination with affordable housing developers to guide them through eligibility guidelines, the application process, necessary due diligence items, and federal compliance requirements, as applicable. It also includes reviewing applications, underwriting, making financing recommendations, reviewing invoices, tracking loan spenddown, and coordinating with City staff to create funding commitment letters and loan documents. The Housing Development Manager will review development proposals from concept to acquisition, construction and/or rehab, through to development completion. The Housing Development Manager is required to perform all similar or related duties.
 

The essential functions or duties listed below are intended only as illustrations of the various type of work that may be performed. The omission of specific statements of duties does not exclude them from the position if the work is similar, related, or a logical assignment to the position.

• Evaluate developer proposals for acquisition or development funds by reviewing funding applications, including financial proformas with project cash flow, sources, and uses;
• Perform underwriting review with an understanding of City funding source requirements prior to making a recommendation to fund the acquisition and/or development of a property;
• Collaborate with other City staff to identify City funding sources and provide recommendations on other non-City funding sources where necessary;
• Prepare written analyses and recommendations on housing development proposals;
• Draft conditional commitment letters;
• Track due diligence items in preparation for closings, participate in closing calls and collaborate with colleagues both within Housing and other Strategy & Development divisions and City departments as well as developers on closings;
• Prepare information on development work as needed, including data tracking and other reporting requirements;
• Assists in completing environmental reviews and tracking compliance with other state and federal regulations, as necessary;
• Maintaining the all-affordable housing pipeline;
• Track development progress during construction, including processing requests for payment, and reviewing lender advisor reports;
• Conduct research and analyses on other sources needed to expand existing development efforts, including Somerville’s 100 Homes partnership with Somerville Community Corporation;
• Work to attract developers of affordable housing to conduct work in Somerville;
• Attend and participate in occasional evening meetings as needed; Other duties as assigned.

Auxiliary aids and services, written materials in alternative formats, and reasonable modifications in policies and procedures will be provided to qualified individuals with disabilities free of charge, upon request. Persons with disabilities who need auxiliary aids and services for effective communication (i.e., CART, ASL), written materials in alternative formats, or reasonable modifications in policies and procedures in order to access the programs, activities, and meetings of the City of Somerville should please contact the ADA Coordinator at 617-625-6600 x 2059 or ADA@somervillema.gov.

Pre-Employment Requirements for All Employees:

• MA Criminal Offender Record Information (CORI) clearance
• Completion of Conflict-of-Interest Law Education training for municipal employees

Knowledge: Proficiency in Microsoft Office, specifically Word and Excel; working knowledge of Teams. Knowledge of Community Preservation Act, and Municipal Housing Trusts is highly preferred. Familiarity with U.S. Department of Housing and Urban Development Community Development Block Grant, HOME Investment Partnerships Program. Experience in public administration and/or strategies and programs geared toward maintaining and expanding affordable housing opportunities is beneficial;

• 4 weeks annual vacation for non-union positions. Union positions vary by contract. Please note, police officers are members of the SPEA union. Public Health Nurses are part of Union A (SMEA).
• Medical insurance through the Group Insurance Commission (GIC) - 80% of premium costs paid by City
• Dental coverage low and high plans through Cigna
• Vision care through Vision Service Plan (VSP)
• Long term disability through Sun Life
• Group and voluntary life insurance through Boston Mutual
• Health Care and Dependent Care flexible spending through Benefit Strategies
• Deferred compensation plans through a choice of three vendors
• Free, confidential services through the Employee Assistance Program (EAP) provided by E4Health
• Annual cancer screening & wellness release
• Somerville Retirement Pension System
• Tuition reimbursement
• MBTA pass program
• FREE Blue Bikes membership
• Eligible employer for the Public Service Loan Forgiveness Program (PSLF)