Preservation Program Manager

1 month ago


Albuquerque, United States New Mexico Mortgage Finance Authority Full time
Job DescriptionJob Description

Program Manager- Be a part of the team that provides affordable housing opportunities to New Mexicans statewide. The Housing Development Department of New Mexico Mortgage Finance Authority (MFA) has an opening for a Preservation Program Manager to oversee preservation efforts for existing and rehabilitation projects. This includes managing requests to modify and/or restructure Land Use Restriction Agreements (LURA) and/or loans to ensure continued financial feasibility, along with managing the Qualified Contract process and ownership change processes with the goal of exploring options to keep the projects affordable. They assist as needed with the origination, underwriting, and closing of new loans for the construction, acquisition and/or rehabilitation of affordable rental multifamily and single-family development projects.

Education: Bachelor’s in business administration, real estate, urban studies/planning or closely related field degree is preferred.

Work Experience: 5 or more years of relevant work experience in affordable multifamily asset management or development, or commercial lending and loan underwriting, focused on multifamily construction/development preferred. May substitute 5-7 or more years of relevant work experience in affordable housing funding, or real estate development for education requirement. Knowledge of federal, state, and local housing programs required.

Knowledge, skills and abilities: Relate to and interact with a non-traditional and diverse customers and employee population, understanding and knowledge of commercial real estate lending practices and commercial loan documentation, knowledge of specific requirements of each loan program, construction lending and draw process, read, analyze, and interpret standards, policies, procedures, and regulations, knowledge of HUD and other affordable funding program requirements preferred, commercial loan underwriting skills preferred, understanding of financial statements, understanding of NM Qualified Action Plan and understanding of the Low Income Housing Tax Credit program preferred, work independently, balance competing requirements and needs of client organizations, develop and write accurate reports, policies, and correspondence, handle common inquiries or complaints, effectively present information and respond to questions from internal and external stakeholders, apply concepts such as fractions, percentages, ratios, and proportions to practical situations, define problems, collect data, establish facts, and draw valid conclusions, exercise good judgment and focus on detail as required by the job and other tasks as assigned.



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