Rental Housing Program Manager
Federal Home Loan Bank of Des Moines

Job Info

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At FHLB Des Moines, we work each day to develop an inclusive culture that supports and leverages the complexity of a diverse workforce. This enables us to effectively serve the needs of our members and help them succeed.

The Rental Housing Program Manager assists in the administration of the Affordable Housing Program (AHP), specifically for rental projects, including directing and supervising multiple Rental Housing Analysts and Rental Housing Specialists.

Accountabilities:

• Assists in marketing the competitive AHP program to sponsor and member applicants throughout the Bank's district.
• Assists in the evaluation and selection of Affordable Housing Program applications.
• Conducts feasibility reviews and is responsible for review of the feasibility review performed by analysts.
• Cultivates and utilizes knowledge of local, state and federal laws and regulations relevant to multifamily housing development, commercial real estate lending, Housing Tax Credits and HUD programs to evaluate projects.
• Develops and maintains policies, procedures, and forms to ensure effective administration of the owner-occupied Affordable Housing Program (AHP).
• Makes decisions concerning extension, modification, de-obligation, monitoring and compliance of rental housing AHP projects and makes recommendation to/obtains approvals of the Director of Community Investment as required in procedures.
• Manages and develops high performing team members through communication, feedback, coaching and completion of mid-year and year-end performance evaluations.
• Oversees advanced business plan evaluation, project feasibility analysis and market analysis of affordable housing projects during selection, disbursement and final monitoring to ensure compliance in accordance with applicable federal regulations and Bank policies and procedures.
• Supports the Community Investment Advances program and approves eligibility for Community Investment Advances.
• Analyzes complex multifamily rental project disbursements to ensure the project is viable for funding and approves rental project disbursements recommended by analysts to ensure projects are compliant with AHP commitments, regulation and Bank policies.

Qualifications:

• 5+ years' experience in residential real estate underwriting and lending, housing development and housing finance.
• Experience in affordable housing programs as conducted by non-profit or government entities is preferred, including work involving with local, state or federal programs developing or funding affordable housing projects.
• Experience in staff supervision and development.
• Ability to gather, assemble, correlate and analyze facts to prepare concise reports for decision making, identify problems and devise solutions.
• Adept in use of personal computers and Microsoft Office, including Outlook, Word, Excel and PowerPoint.
• Excellent analytical, written, interpersonal and verbal communication skills.
• Experience and skill working in a team oriented environment, including the ability to communicate and negotiate with a diverse clientele.
• Bachelor's Degree in Finance, Accounting, Business, Economics or related field; or equivalent experience.
• MBA, advanced banking certifications, or professional housing certification preferred.

Compensation Range:
Annual Salary: $140,000.00 - $150,000.00

This salary range represents the Bank's good faith and reasonable estimate of possible compensation at the time of hire. Offer to be determined by selected applicant's education, experience, knowledge, skills & abilities, as well as internal equity and alignment with market data.This role is also eligible to participate in the Bank's annual incentive plan.

As part of our competitive Total Rewards package, the Bank offers 11 paid holidays, 5 weeks of PTO and a work culture that values work/life balance. Most roles are eligible for our hybrid work schedule of 3 days per week in office, 2 days per week work-from-home. We match 100% of the first 6% you contribute to your 401(k), and provide an additional 4% non-discretionary contribution to your 401(k) at the end of year. More information on our Total Rewards program can be found here.

At FHLB Des Moines, we celebrate diversity, work to create an inclusive culture and champion equity in all of our policies and practices. This enables us to effectively serve the needs of our members and help them succeed. FHLB Des Moines is proud to be an Equal Opportunity Employer. We prohibit discrimination on the basis of race, color, religion, sex (including pregnancy, sexual orientation or gender identity), national origin, age, disability, veteran status, genetic information (including family medical history), status as a parent or any other characteristic protected by federal, state or local law.

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