Community Stabilization Specialist

Job ID: 78809

Location: St. Paul, Minnesota

Telework Eligible: Yes, with intermittent trips to the office and other work locations. Teleworking employees are required to live in Minnesota or in a state bordering Minnesota.

Full/Part Time: Full-Time

FLSA Status: Non-Exempt

Date Posted: 07/25/2024

Closing Date: 08/14/2024

Salary Range: $35.43 - $52.53/hour - $73,978 - $109,683/year

Designated in Connect 700 Program for Applicants with Disabilities: Yes

The work you’ll do is more than just a job.

At the State of Minnesota, employees play a critical role in developing policies, providing essential services, and working to improve the well-being and quality of life for all Minnesotans. The State of Minnesota is committed to equity and inclusion, and invests in employees by providing benefits, support resources, and training and development opportunities.

Minnesota Housing is hiring! We’re a mission-focused financial institution looking for a Community Stabilization Specialist who will facilitate the preservation of affordable multifamily rental housing across the state.

The Specialist will serve as the team lead and oversee the design, implementation and management of two components of the Community Stabilization program established by the State Legislature to:

• Provide $50 million in funding for the recapitalization of distressed affordable housing buildings (Recapitalization Program), and
• Preserve naturally occurring affordable housing (NOAH) through acquisition and/or rehabilitation (NOAH Stabilization Program - $41 million).

The Specialist will lead and design a competitive Request for Proposals (RFP) for the Recapitalization Program, administer the RFP, coordinate the application review and selection process, work with selected borrowers and manage the Recapitalization Program within the Agency. The Specialist will support and/or lead a similar RFP process for the NOAH Stabilization Program.

Essential Job Duties

• Serve as program manager to lead, create and develop program design for the Recapitalization Program, including stakeholder engagement and writing recommendations for the program to present to internal committees and the board of directors.
• Lead the development of and maintain a competitive RFP for the Recapitalization program, including application guides and materials which, if applicable, follow Office of Grants Management (OGM) Requirements. Coordinate with Agency operations staff to set up RFP in the online application system known as Portal, if applicable.
• Lead the selection of and award funding under the Recapitalization Program. Present recommendations to Agency board.
• Develop and document policies, processes and procedures, systems and timelines for the Recapitalization program.
• Develop due diligence procedures and underwrite loans and grants under the Recapitalization program, if applicable and review due diligence and get projects to closing; and /or monitor grants under the program.
• Assist with and/or lead the management and marketing of the NOAH Stabilization Program, which will involve writing recommendations for the program to present to internal committees and the Board of Directors.
• Update the existing program guide for the NOAH Stabilization Program and obtain agency approvals as needed.
• Support and/or lead the development of a competitive RFP for the Program, including application guides and materials and, if applicable, follow OGM requirements.
• Perform other duties as required.

Minimum Qualifications

To be qualified for and considered for this position, applicants must meet all of the minimum qualifications listed below. Ensure that your resume contains descriptions of your work experiences sufficient for comparison against the requirements stated below and indicate the beginning and ending month and year for each job held.

Only applicants whose resumes clearly demonstrate fulfillment of each of these minimum qualifications will be considered for this position.

• Four (4) years’ experience in multifamily* underwriting, multifamily loan servicing, or multifamily affordable housing finance and/or affordable housing program experience. (*Multifamily generally means properties with 12 or more units. For this role, single family lending experience or mortgage banking experience is insufficient.). An Associate’s degree in Housing, Public Administration/Policy, Community Development/Planning, Business, Finance or Accounting may substitute for 6 months of experience – or – a Bachelor’s degree in the listed fields may substitute for 12 months of experience – or – a Master’s degree in the listed fields may substitute for 18 months of experience.
• Demonstrated strategic thinking, organizational, time management, problem solving skills and dependability.
• Demonstrated team leadership skills sufficient to lead strategically, build relationships with internal and external partners, work effectively with others from different backgrounds and cultures, monitor outcomes and guide staff and partners.
• Demonstrated communication skills, including ability to comprehend and communicate complex information in plain language.
• Cultural competency as demonstrated by skills for communication and interaction across cultures and awareness of one’s own world view and that different world views exist.
• A valid driver’s license and the ability to drive.

Preferred Qualifications

• Experience with multifamily underwriting, due diligence and closing processes.
• Experience with one or more of the following federal and state affordable housing funding resources: federal Low-income Housing Tax Credit (LIHTC); HUD Risk-share first mortgage program; federal HOME & National Housing Trust Fund programs; and state funding programs that may include the Economic Development Housing Challenge (EDHC) loan program, Preservation Affordable Rental Investment Fund (PARIF) loan program, and/or Housing Infrastructure Bonds (HIBs).
• Demonstrated experience working within multiple programs and manage multiple projects that may have competing priorities or specific timelines.
• Intermediate Microsoft Word, PowerPoint and Excel skills.

Additional Requirements

This position requires successful completion of the following:

Reference Checks.

Job related background checks.

Conflict of Interest Disclosure.

Driver’s License Check.

Physical Requirements

Requires moving office items such as file folders and small office tools.

How to Apply

External candidates: Select “Apply for Job” at the top of this page. If you have questions about applying for jobs, contact the job information line at 651-259-3637 or email careers@state.mn.us. For additional information about the application process, go to http://www.mn.gov/careers.

External candidates should copy and paste this text into your browser: https://careers.mn.gov/psp/mnjob/MNCAREERS/HRCR/c/HRS_HRAM_FL.HRS_CG_SEARCH_FL.GBL?Page=HRS_APP_JBPST_FL&FOCUS=Applicant&SiteId=1001&JobOpeningId=78809&PostingSeq=1&languageCd=ENG

Contact

If you have questions about the position, contact us at: Minnesota.Housing.Human.Resources@state.mn.us.

To receive consideration as a Connect 700 Program applicant, apply online, email the Job ID#, the Working Title, and your valid Proof of Eligibility Certificate by the closing date to Minnesota.Housing.Human.Resources@state.mn.us.

About Housing Finance Agency

At Minnesota Housing, we know that affordable housing is an essential part of Minnesota’s infrastructure. When you work here, you’re helping to build stronger communities. We have a national reputation as one of the finest housing finance agencies in the country.

Benefits

As an employee, you’ll have access to one of the most affordable health insurance plans in Minnesota, along with other benefits to help you and your family be well.

Your benefits may include:

Paid vacation and sick leave.

12 paid holidays each year.

Low-cost medical, dental, vision, and prescription drug plans

Fertility care, including IVF.

Diabetes care.

Dental and orthodontic care for adults and children.

6 weeks paid leave for parents of newborn or newly adopted children.

Pension plan that provides income when you retire (after working at least three years).

Employer paid life insurance to provide support for your family in the event of death.

Short and long-term disability insurance that can provide income if you are unable to work due to illness or injury.

Tax-free expense accounts for health, dental, and dependent care.

Resources that provide support and promote physical, emotional, social, and financial well-being.

EQUAL OPPORTUNITY EMPLOYERS

Minnesota state agencies are equal opportunity, affirmative action, and veteran-friendly employers. State agencies are committed to creating a workforce that reflects the diversity of the state and strongly encourages persons of color and Indigenous communities, members of the LGBTQIA2S community, individuals with disabilities, women, and veterans to apply. The varied experiences and perspectives of employees strengthen the work we do together and our ability to best serve Minnesotans.

All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, national origin, sex (including pregnancy, childbirth, and disabilities related to pregnancy or childbirth), gender identity, gender expression, marital status, familial status, age, sexual orientation, status regarding public assistance, disability, veteran status or activity in a local Human Rights Commission or any other characteristic protected by law.

APPLICANTS WITH DISABILITIES

Minnesota state agencies make reasonable accommodations to their employees and applicants with disabilities. If you have a disability and need assistance in searching or applying for jobs with the State of Minnesota, call the job information line at 651-259-

3637 or email careers@state.mn.us, and let us know the support you need.