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Housing Finance Specialist I

Company

State of Hawaii

Address , Oahu Island, Hi
Employment type
Salary $110,000 a year
Expires 2023-06-18
Posted at 1 year ago
Job Description
Recruitment Information

This posting is for the State of Hawaii, Department of Business Economic Development & Tourism, .

The position is located on the Island of Oahu . (Location of this position).

Salary up to: $110,000.00/yearly

If you have any questions regarding this non-civil service exempt position, please
contact HHFDC HR at (808) 587-0610 (Monday - Friday, 8:00 a.m. - 4:30 p.m. (HST) or email to [email protected].

The State Recruiting Office will refer all inquiries regarding this exempt position to the
Department of Business Economic Development & Tourism.

Duties Summary

Pursuant to Chapter 201H, Hawaii Revised Statutes; the Hawaii Housing Finance and Development Corporation (HHFDC) is responsible for the financing and development of affordable housing in the State of Hawaii. The HHFDC is administratively attached to the Department of Business, Economic Development and Tourism (DBEDT), State of Hawaii.

The Finance Branch, which consists of the Single Family, Federal Programs, and Multi-Family Section, administers the various housing financing programs under the HHFDC. These various programs include: 1) the Hula Mae Multi Family Rental Housing Bond Program, 2) the Hula Mae Single Family loan program, 3) the Federal and the State Low Income Housing Tax Credit Programs, 4) the Rental Housing Revolving Fund, 5) the HOME Investment Partnerships Program, 6) the Housing Trust Fund, 7) the Neighborhood Stabilization Program, 8) the Mortgage Credit Certificate Program, and 9) the Rental Assistance Program. These programs finance mortgages and the construction and/or acquisition of rental housing projects.

The Multi-Family Section is responsible for the administration of the Hula Mae Multi Family Rental Housing Bond Program, the Federal and the State Low Income Housing Tax Credit Programs, the Rental Housing Revolving Fund, and the Rental Assistance Program. The Multi Family Section makes financing programs accessible to developers/owners in the form of tax-exempt bonds, tax credits, and rental assistance.

The primary responsibility of this position is to conduct the day-to-day activities necessary to administer these various programs. This includes conducting financial analyses and working with the developers and owners of rental units to ensure that the financing for their projects is appropriate and justified. The position also assists with securing the financing awarded by HHFDC.

Minimum Qualification Requirements

Knowledge: Knowledge of applicable State and Federal tax laws relating to multi-family/rental housing bond financing and program administration; the Low-Income Housing Tax Credit Program, federal rules and regulations relative to federal funding programs; development and construction of multi-family housing; methods and principles used in appraising, buying, selling, and financing real property; factors affecting property values; and real estate trends.

Skills/Abilities:
Must have good oral and written communication skills. Must have the ability to comprehend complex financing structures, analyze program data and derive sound conclusions; interpret and apply state and federal laws and regulations; Must be able to problem solve and work independently.

Proficiency in WORD and EXCEL.

Must be able to develop and maintain a rapport with affordable housing developers and advocates.

Education:
Graduation from an accredited college with a bachelor’s degree in accounting, finance, or economics.

Experience:
Three (3) years of experience in the field of finance, real estate, or housing development. Preferable one (1) year of experience of underwriting in real estate and financing.

Required Licenses, Certificates, etc.:
N/A

Substitutions Allowed:
The recommended qualifications in Education and Experience stated above may be substituted with graduation from high school or equivalent, with six (6) years of work experience performing technical analysis or activities in the field of real estate finance or development.

At the Executive Director’s discretion, the recommended qualifications may be waived or substituted with other relevant qualifications.

Regarding COVID-19:
As a condition of employment with the State of Hawai‘i, each qualified candidate who has been given a conditional offer of employment must show proof of full COVID-19 vaccination and shall be fully vaccinated by his/her/their employment start date. A reasonable accommodation will be provided if requested by a candidate and it is determined through an interactive process that pregnancy, a qualifying disability, or a sincerely held religious belief prevents the candidate from receiving a COVID-19 vaccination.

Citizenship Requirement:
The State of Hawaii requires that all persons seeking employment with the government of the State shall be citizens, nationals, or permanent resident aliens of the United States, or eligible under federal law for unrestricted employment in the United States.

Other Information

This position is exempt from the civil service and considered temporary in nature. Therefore, if you are appointed to the position, your employment will be considered to be "at will," which means that you may be discharged from your employment at the prerogative of your department head or designee at any time.

Submit resumes to:
Department of Business, Economic Development & Tourism
Hawaii Housing Finance and Development Corporation
677 Queen Street, Suite 300
Honolulu, HI 96813
Attn: Human Resources Office
Or

Email resumes to: [email protected]

Direct all inquiries regarding this position to:
HHFDC HR
Phone: (808) 587-0610; Email: [email protected]
(Monday –Friday, 8:00 a.m. – 4:30 p.m. (HST)

NOTE: The State Recruiting Office will refer you to the Department of Business Economic Development & Tourism, regarding this exempt position.