Assistant Commissioner (Project Finance), Operations Manager I- Department at City of Baltimore MD
Baltimore, Maryland, USA -
Full Time


Start Date

Immediate

Expiry Date

24 Nov, 25

Salary

99053.0

Posted On

24 Aug, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Real Property, Regulations, Organizational Structure, Loans, Underwriting, Writing, Sensitive Information, Public Administration, Real Estate Development, Development Financing, Financial Analysis, Discretion, Confidentiality

Industry

Financial Services

Description

THIS IS A NON-CIVIL SERVICE POSITION

Salary Range: $99,053.00 - $163,237.00 Annually
Get to Know Us
Welcome to the City of Baltimore! Experience the reward of a fulfilling career and enjoy the added element of excitement in a vibrant, diverse atmosphere. The City of Baltimore offers limitless opportunities to help drive social impact, both on the job and in the community, while serving its citizens. Join us in making Baltimore a great place to live and work. In the City of Baltimore, we hire great people and provide them with the skills and opportunities to grow toward their career aspirations. If you are looking for a career change or interested in learning more, explore our opportunities and benefits programs. We are excited to have you as a part of the City of Baltimore Team! The city offers medical, prescription drug, dental, vision, optional life, AD&D, and FSA plans. This office also supplies wellness programs, support groups, and workshops. You can learn about our benefits here:
https://humanresources.baltimorecity.gov/hr-divisions/benefits

Responsibilities
  • Conducts detailed, high-level financial analysis; prepares development options and strategies, determines financial feasibility, as well as underwrites and assesses development proposals and develop recommendations.
  • Coordinates loan program activities and loan closing for development projects with City funding, such as, Investment Partnerships Program (HOME), Affordable Housing Trust Funds (AHTF), Community Development Block Grant (CDBG), Community Development BOND funds, Section 108, Rental Housing Production (RHP), Taxable Bonds, and Syndication of 9% and 4% Low Income Tax Credits.
  • Evaluates the performance of staff (underwriters, project compliance officers, project coordinators, administrative staff and inspection personnel); disciplines and recommends the promotion, hiring and firing of such personnel.
  • Provides technical assistance to staff on underwriting, development loan packaging and approval processes of loan transactions. Supervises the closing of all agreements associated with project pre-development, development and post-development funding and financing for new construction and/or renovation of residential multi-family and public facilities and other community development activities.
  • Advises applicants on borrowing and development and assists them in the city development process.
  • Establishes and maintains liaison with attorneys, funding agencies such as the U.S. Department of Housing and Urban Development, State of Maryland, Baltimore Community Lending (BCL), and the City of Baltimore - Finance Department on specific transactions and projects.
  • Develops procedures according to policies to ensure compliance with State, Federal and Local law; implements new financing techniques. Supervises the preparation of narrative statistical analysis, track reports for DHCD, the City, State and other entities.
  • Meets with private industry developers and non-profit organizations to garner support for publicly funded developments.
  • Participate in panel discussions on resale or reuse of City owned
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