Access the latest Washington Report: Read More

Managing Director – Housing Finance Unit

Published on January 20, 2021
Organization: Washington State Department of Commerce

$76,078.00 – $99,526.00 Annually
Location: Thurston County – Olympia, WA
Job Type: Full Time – Permanent
Department: Dept. of Commerce
Job Number: 2021-00204
Closing: 1/27/2021 11:59 PM Pacific

View the complete job description and apply online:[0]=Dept.%20of%20Commerce&sort=PostingDate%7CDescending&pagetype=jobOpportunitiesJobs

This position is officially located in Olympia, but we are currently working teleworking due to Governor Inslee’s Stay Home, Stay Healthy order. We are still moving forward with hiring and look forward to reviewing your cover letter and application.

This position is the Managing Director of the Housing Finance Unit (HFU) and reports directly to the Community Services and Housing Division (CSHD) Assistant Director. HFU and its related programs provide funds to support the construction, acquisition, or rehabilitation of affordable housing; create rental and homeownership opportunities in every region of the state for people with incomes below 80 percent of the average median income; and support special needs housing for clients of Department of Social and Health Services, Department of Health, and Health Care Authority programs and services.

At the Department of Commerce, we are creative, collaborative and trusted. We identify opportunities to deliver critical funding and services to strengthen communities, we cultivate an environment in which we continuously learn, and we own our work.


  • Responsible for formulating and implementing statewide funding programs, policies and strategies to address the affordable housing needs of low-income households and people with special needs; exercises independent judgment and decision-making with regard to affordable housing policies and programs.
  • Designs and sets overall direction for implementing eligible activities of the State Housing Trust Fund, as authorized under RCW 43.185 and 43.185A, and ensures appropriate and optimal use of state resources for the development and preservation of affordable housing.
  • Oversees administration of the federally-funded HOME and National Housing Trust Fund programs, including development and implementation of program policies and procedures, ensuring ongoing compliance with federal regulations, development of the State’s five-year Consolidated Plan, and submission of annual performance reports to the U.S. Department of Housing and Urban Development.
  • Oversees administration of the Operating & Maintenance Program, including development and implementation of program policies and funding allocation, and ensures compliance with program requirements.
  • Develops and implements plans and policies, including workout strategies, to ensure the long-term viability of the existing portfolio of state-funded and federally-funded affordable housing projects.
  • Builds and maintains relationships and partnerships with external stakeholders, including nonprofit organizations, local governments, federal agencies and other state agencies. Ensures ongoing coordination with other local, state, and federal housing programs.
  • Develops and maintains relationships with other affordable housing funders to promote coordination with other public funding entities and to maximize leveraging achieved with state and federal housing resources.
  • Coordinates, collaborates, shares information, and gathers input from the Policy Advisory Team and other stakeholder groups regarding affordable housing issues and policies of a statewide nature.
  • Has thorough knowledge and understanding of affordable housing development and asset management, particularly in a non-profit environment, and oversees research, analysis, and use of data related to affordable housing policy development.
  • Provides testimony and reports to the Legislature, responds to legislative requests for information and data related to affordable housing issues, needs, and program activities.
  • Represents Commerce at hearings, boards, and committees including the Affordable Housing Advisory Board and Washington State Housing Finance Commission, provides technical expertise on matters related to affordable housing finance and development.
  • Responsible for the development, implementation, and maintenance of internal policies, procedures, goals, objectives, priorities and work plans that support the administration of programs within the unit.
  • Responsible for program fiscal and data management, including budget, accounting, evaluation, records management, contract management, and external reporting.
  • Responsible for managing several professional senior level employees, advanced technical and program specialists, and support staff. Directs and controls interviews and selection of staff.
  • Establishes work plans that are aligned with the Division’s and Department’s priorities, objectives, and performance measures.
  • Reviews and approves individual staff work plans, time sheets, leave slips, etc.
  • Completes annual performance evaluations, updates Position Descriptions, reviews duties, establishes essential functions, determines staff training needs, and takes corrective action when needed.
  • Enhances the effectiveness of employees through timely performance appraisal and professional development opportunities.  Supports effective communication throughout the work team and division.  Maintains high standards of personal/professional and ethical conduct and supports the state’s goal for a diverse workforce.
  • Consults frequently with staff to discuss and review program progress and to provide leadership support.
  • Is an active member of the CSHD Management Team and Commerce Management Team; participates in the development and implementation of division and agency goals, objectives, and strategies, and policies and procedures.


  • Bachelor’s degree AND three years of professional level experience in community and/or economic development that includes a focus on comparable affordable housing financing programs. Additional professional experience in community and/or economic development or comparable affordable housing programs may substitute, year for year, for education.
  • Three years professional supervisory experience that includes demonstrated experience leading, coaching and mentoring staff, developing clear direction and work expectations, and monitoring and correcting employee performance.

Required Knowledge, Skills and Abilities

  • Advanced level knowledge and experience in the leadership and management of government programs, issues, and policies related to affordable housing finance and development.
  • Knowledge and experience in residential real estate underwriting and financial analysis, appraisal analysis, foreclosure and transfer requirements, property and asset management principles.
  • Experience negotiating, developing, and managing affordable housing contracts.
  • Knowledge and experience with the state budget and fiscal process.
  • Demonstrated communication skills required to articulate policies and program objectives to a wide range of audiences and stakeholders including experts, the press, elected officials, and the public.
  • Demonstrated ability to take a leadership role in anticipating and addressing complex operational and policy challenges.
  • Demonstrated ability to establish and evaluate policy and program outcomes, identify and advocate for changes necessary to streamline systems, enhance customer services, and improve efficiency and effectiveness.
  • Ability to successfully lead, supervise, mentor, and coach professional staff; knowledge of personnel policies and procedures.
  • Ability to think creatively and proactively to solve problems and develop plans, timelines, and resources.

Required Competencies:
Accountability–Meets commitments, works independently, accepts accountability, handles change, sets personal standards, stays focused under pressure, and meets attendance/punctuality requirements.
Customer Service–Handles customer questions and complaints, communicates with customers, handles service problems politely and efficiently, always available for customers, follows procedure to solve customer problems, understands company products and services, maintains pleasant and professional image.
Integrity–Deals with others in a straightforward and honest manner, is accountable for actions, maintains confidentiality, supports company values, and conveys good news and bad.
Leadership–Leads through change and adversity, makes the tough call when needed, builds consensus when appropriate, motivates and encourages others.
Teamwork–Meets all team deadlines and responsibilities, listens to others and values opinions, helps team leader to meet goals, welcomes newcomers and promotes a team atmosphere.
Hiring–Defines position requirements and necessary skills, recruits large applicant pool, prepares for and conducts good interviews, values both experience and potential, selects appropriate candidates, builds teams with complementary skills, promotes diversity in hiring.
Interpersonal Skills–Has good listening skills, builds strong relationships, is flexible/open-minded, negotiates effectively, solicits performance feedback and handles constructive criticism.
People Development–Provides feedback and coaching, rewards hard work and risk taking, takes mentoring role, challenges and develops employees, accepts mistakes, provides visibility/opportunity.
People Management–Defines roles and responsibilities, motivates and challenges employees, delegates effectively, rewards contributions, manages collaboratively.
Results Focus–Targets and achieves results, sets challenging goals, prioritizes tasks, overcomes obstacles, accepts accountability, sets team standards and responsibilities, provides leadership/motivation.
Budgets/Cost Control–Plans for and uses resources efficiently, always looks for ways to reduce costs, creates accurate and realistic budgets, tracks and adjusts budgets, contributes to budget planning.
Communication–Communicates well both verbally and in writing, creates accurate and punctual reports, delivers presentations, shares information and ideas with others, has good listening skills.
Organizational Savvy–Operates within the organization’s formal and informal structures, builds allies and relationships across departments, uses allies to build consensus and create results, is appropriately diplomatic, understands others’ roles and perspectives, can sell projects and ideas across the organization.
Computer Skills–Skilled in the use of computers, adapts to new technology, keeps abreast of changes, learns new programs quickly, and uses computers to improve productivity.

Preferred/Desired Education, Experience, and Competencies.

  • Asset management experience that may include real estate workouts, multi-family refinance and resyndication, exit strategies for low-income housing tax credit projects.
  • Experience managing U.S. Department of Housing & Urban Development programs and funds.