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$10,000 Sign-On Bonus*
Interested applicants are advised to submit their applications as soon as possible. Interviews will be conducted on a regular rolling basis within a few weeks of the job being announced and throughout the recruitment with candidates whose qualifications best fit the role. The application process may close prior to the currently advertised closing date when the position has been filled.
ABOUT US
Fairfax County - the largest jurisdiction in the Commonwealth of Virginia - is a great place to call home and is a deeply inspiring community to serve. As an employer, Fairfax County provides unmatched benefits, incredible opportunities for personal and professional growth, and is committed to the well-being of its employees - both at home and in the workplace. Our focus on work-life balance provides both financial compensation and flexibility for family, professional, and personal needs. Our leave programs, along with flexible scheduling, remote telework, ensure we foster a flexible workplace while providing efficient and effective services. Fairfax County's housing agency, the Fairfax County Redevelopment and Housing Authority (FCRHA), is committed to the proposition that housing professionals who seek a career in the public sector are "servant leaders" who are invaluable to our community.
The FCRHA is an award-winning provider of affordable housing recognized nationally for its achievements and leading-edge innovations. The FCRHA, a US Department of Housing and Urban Development-designated "Moving to Work" agency, is a separate political body from the Fairfax County Government and possesses specific powers granted by state law to act as the county's local housing finance agency. The FCRHA operates the federal Housing Choice Voucher program, owns and operates housing and, as the local housing finance agency, is THE catalyst for the development of affordable housing in the county. The Fairfax County Board of Supervisors established the Department of Housing and Community Development (HCD) decades ago to serve as staff to the FCRHA as well as the Board of Supervisors. Under this unique, synergistic arrangement, HCD manages a wide variety of housing programs and services, including all real estate finance and development activities of the FCRHA - including a rapidly expanding portfolio of public/private partnership projects.
THE MISSION
Simply put, HCD and the FCRHA build communities and change lives. This is achieved by creating and preserving affordable housing and caring, livable communities; serving the diverse needs of Fairfax County's residents through innovative programs, partnerships, and effective stewardship; and fostering a respectful, supportive workplace. Fairfax County's strategic focus is on providing affordable housing for those with the greatest need, including individuals and families experiencing homelessness, persons with disabilities, and people with extremely low incomes.
In 2022, the Board of Supervisors doubled the county's affordable housing production goal from 5,000 to 10,000 net new units affordable to households earning up to 60 percent area median income by 2034. The Board has backed up this goal with both land and significant financial resources - approximately $50 million in the upcoming fiscal year alone. This ambitious goal has spurred a robust pipeline of affordable housing developments underwritten and financed through the Real Estate Finance Division within HCD. Taken together, there are over 3,000 affordable homes in Fairfax County's development pipeline.
THE OPPORTUNITY
HCD seeks a housing finance professional who wants to make a real difference in the community and grow professionally as part of the finest affordable housing teams in the nation. We are looking for an insightful professional with a strategic mindset; a good understanding of multifamily real estate finance and underwriting; the ability to manage highly qualified teams in a fast paced, dynamic environment; and a commitment to public service for the role of Real Estate Finance (REF) Division Director.
This position is part of the HCD's leadership team and is responsible for identifying and implementing opportunities and the strategic direction of HCD's real estate finance activities. Candidates should have a solid foundation of financial modeling capabilities and be able to leverage their expertise to maximize the impact of the FCRHA's financing programs, develop new strategic initiatives in affordable housing finance, and hire, train, and mentor staff. The REF Division Director will lead the affordable multi-family financing, single family lending and portfolio management groups within HCD. Responsibilities include:
MINIMUM QUALIFICATIONS:
Full Time
$129k-170k (estimate)
01/31/2024
04/28/2024
fairfaxcounty.gov
Fairfax, VA
>50,000