ARIZONA DEPARTMENT OF HOUSING

Address: 1110 W. Washington Street, Suite 280, Phoenix, Arizona 85007
This position may offer the ability to work remotely, in Arizona, to include in-office hoteling, based on the department's business needs and continual meeting of expected performance measures.

Salary: $55,000 - $65,000 

Grade 22

Salary determined by experience.

OPEN UNTIL FILLED

The Arizona Department of Housing (ADOH) is the Low Income Housing Tax Credit (LIHTC) allocating agency for Arizona, which it conducts through its Rental Development Section. Under the supervision of the Rental Programs Administrator, this position performs loan administrator duties associated with incorporating ADOH gap financing into multi-family development projects using HOME, National Housing Trust Fund (NHTF), State Housing Trust Fund (HTF) and Neighborhood Stabilization Program (NSP).

This position may offer the ability to work remotely, in Arizona, to include in-office hoteling, based on the department’s business needs and continual meeting of expected performance measures.

The State of Arizona strives for a work culture that affords employees flexibility, autonomy, and trust. Across our many agencies, boards, and commissions, many State employees participate in the State’s Remote Work Program and are able to work remotely in their homes, in offices, and in hoteling spaces. All work, including remote work, should be performed within Arizona unless an exception is properly authorized in advance.

This position performs loan administrator duties associated with incorporating ADOH gap financing into multi-family development projects using HOME, National Housing Trust Fund (NHTF), State Housing Trust Fund (HTF) and Neighborhood Stabilization Program (NSP). Following the determination of need and eligibility for gap financing by various Rental Development staff, this position prepares and coordinates the execution of the following lending and contract documents in accordance with underwriting stipulations and the Qualified Allocation Plan: Award Letters, Funding Agreements, Deeds of Trust, Promissory Notes, Land Use Restriction Agreements (LURA), Conditions, Covenants and Restrictions (CC&R), and Consent and Subordination Agreements. This position negotiates with Lenders, Municipalities and Syndicators to ensure that the terms and conditions of loan documents are appropriately documented in their third-party loan documents (including Inter-creditor and Subordination Agreements) and equity documents. Other duties as assigned.

This position coordinates the "closing" of rental development deals, prepares title instructions, and ensures that documents are recorded and uploaded into the appropriate ADOH software programs such as Housing Development Software (HDS), with which this position will become proficient. This position prepares and amends legal documents necessary to assist the Attorney General and Asset Manager with project changes, refinances, restructures and ownership changes. This position will assist the Rental Programs Specialist with oversight of rental development gap funding contracts, which entails application review, generation of Funding Summaries, creation of contract documents, federal regulations compliance, processing disbursements and performance monitoring. This position will assist with the LIHTC Workshops, meeting with developers, updating policy documents, conducting research for special studies, and other duties as assigned by the Rental Programs Administrator. Duties include occasional travel.

This position may offer the ability to work remotely, in Arizona, to include in-office hoteling, based on the department’s business needs and continual meeting of expected performance measures.

Highest qualified candidates will have experience working as a commercial real-estate loan administrator for a lending institution or paralegal for a real estate law practice specializing in multi-family real estate development or other closely related field involving multi-family real estate lending and transactional experience. Prime candidates will have a working knowledge of affordable housing programs and the fundamentals of affordable multi-family housing development, most specifically Low Income Housing Tax Credit (LIHTC), Home Investment Partnership Program (HOME), National Housing Trust Fund (NHTF), and State Housing Trust Fund (HTF). Preferred candidates will have knowledge of federal regulations connected with funding federal projects such as Environmental Review processes, the Uniform Relocation Act, lead based paint and Labor Standards. Candidates must be familiar with the documents listed above. Candidates must be able to identify discrepancies between loan terms and lending documents, e.g. senior lender provisions that supersede cash flow payments to ADOH. Candidates must possess excellent verbal and written communication skills and have experience working closely with others in a team environment. Candidates must have a fluent knowledge of Microsoft Office Suite including Word and Excel and Google Workspace.

If this position requires driving or the use of a vehicle as an essential function of the job to conduct State business, then the following requirements apply: Driver’s License Requirements.

All newly hired State employees are subject to and must successfully complete the Electronic Employment Eligibility Verification Program (E-Verify).

The State of Arizona offers an excellent comprehensive benefits package including:

• Flexible schedules to create a work/life balance
• Paid Parental Leave-Up to 12 weeks per year paid leave for newborn or newly placed foster/adopted child (pilot program)
• Participation in the Arizona State Retirement System (ASRS)
• Vacation with 10 paid holidays per year
• Sick Leave
• Health and Dental Insurance
• Life insurance and long-term disability insurance

Optional employee benefits include short-term disability insurance, deferred compensation plans, and supplemental life insurance.

By providing the option of a remote work schedule, employees enjoy improved work/life balance, report higher job satisfaction, and are more productive. Remote work is a management option and not an employee entitlement or right. An agency may terminate a remote work agreement at its discretion.

Learn more about the Paid Parental Leave pilot program here. For a complete list of benefits provided by The State of Arizona, please visit our benefits page

State employees are required to participate in the Arizona State Retirement System (ASRS), the State sponsored retirement contribution plan and the Long-Term Disability (LTD) program. New ASRS members will have a 27-week waiting period for membership. The ASRS defined benefit plan provides for life-long income upon retirement.

Please visit our website at housing.az.gov for more information about our agency. The State of Arizona is an Equal Opportunity/Reasonable Accommodation Employer.