Housing Portfolio Finance Coordinator
Job Title: Housing Portfolio Finance Coordinator
Salary: $37.63 - $49.86 Hourly
Closing Date: 8/24/2020 11:59 PM Pacific
The Housing Portfolio Finance Coordinator (HPFC) for the Portland Housing Bureau (PHB) is an integral part of the Housing Investment and Portfolio Preservation (HIPP) team. The HIPP team is responsible for structuring the City's investments in affordable housing and works collaboratively with other government agencies and non-profit and private partners.
The HPFC acts as both project manager and underwriter for the Bureau's affordable multi-family rental and home ownership housing projects. This includes review and analysis of investment risks, financial structuring, housing programming and development team capability. The HFPC also leads negotiations for the Bureau's participation and funding in support of these project.
HIPP projects typically leverage a number of Bureau controlled resources including the Portland City General Obligation Bond, the Metro Bond, tax increment financing (TIF), Construction Excise Tax (CET) and federal HOME and Community Development Block Grant (CDBG). This position uses a variety of financial products both loans and grants. The HPFC reviews and analyzes project information including other lenders financing terms and conditions, the uses/sources and pro forma projections, partnership agreements and other funding documents, property appraisals and management plans. As project manager, the HPFC collaborates with a team of peers including construction coordinators, closers, asset managers and attorneys. The HPFC is responsible for mitigating risks, structuring City's investment terms, presenting to and obtaining approvals from the Bureau's Housing Investment Committee (HIC), shepherding approvals, as needed, through City Council and ensuring closing documentation.
For more information and apply, please visit the external application.