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Affordable Multifamily Housing Loan Specialist

Published on March 25, 2020
Organization: Arizona Department of Housing

 

Arizona Department of Housing

Salary Range: $55,000 -$65,000 and Benefits package (salary commensurate with experience)

This position will perform 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). Prepare and coordinate the execution of the following lending and contract documents in accordance with underwriting stipulations and the Qualified Allocation Plan: Deeds of Trust, Promissory Notes, Land Use Restriction Agreements (LURA), Conditions, Covenants and Restrictions (CC&R), This position negotiates with Lenders, to ensure that the terms and conditions of ADOH loan documents are appropriately documented in Inter-creditor and Subordination Agreements and equity documents.

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 HDS and Benedict Loans for Net.  This position will assist the Rental Programs Specialist with oversight of approximately 30‐60 rental development gap funding contracts. 

This position will remain open until filled.

Please visit the AZ State Jobs website at https://azstatejobs.azdoa.gov/ to review the complete Job Announcement and apply for this position.  Job ID: 55004