Chief of Housing Finance Initiatives

1 week ago


San Diego, California, United States Casa Familiar, Inc. Full time

Classification: Full-Time (Exempt) / Onsite

Salary Range: $120,000 – $150,000

Reports to: Acquisition & Finance Officer

About Casa Familiar: Established in 1973, Casa Familiar is a 501(c)(3) community-focused organization committed to enhancing the lives of residents in South San Diego County, particularly in the border community of San Ysidro.

Mission Statement: Casa Familiar aims to improve the quality of life for low-income individuals and families through advocacy, social services, education, affordable housing, arts and culture, and community and economic development. Our core values include RESPECT, INTEGRITY, FAMILIA, CULTURE, AND COMMUNITY.

Position Overview: The Chief of Housing Finance Initiatives plays a pivotal role in the development process from inception to completion and stabilization of projects. This position is responsible for securing financing for various projects throughout their development lifecycle, utilizing a range of private, federal, state, grant, and local funding sources. The ideal candidate will be an integral part of the community development team, collaborating with other real estate professionals in a cooperative, team-oriented environment. Effective performance in this role necessitates strong coordination skills with various departments and external agencies.

Real Estate Portfolio: Casa Familiar's housing portfolio encompasses several affordable multi-family complexes, community facilities, and commercial spaces located in southern San Diego County. The organization manages both large affordable housing complexes as a general partner and a scattered site portfolio of smaller affordable housing units as the sole owner. Additionally, Casa operates various community facilities, including office and recreational spaces.

Job Summary: The Chief supports the acquisition and financing processes, which include sourcing, managing due diligence, reviewing third-party reports, and collaborating with legal and community development teams to facilitate project closings. Responsibilities also include preparing financial analyses, underwriting, and deal summaries for potential opportunities, while monitoring proforma performance throughout the project lifecycle. The Chief will foster relationships within the brokerage, developer, government entities, and lending communities in targeted markets.

Essential Duties and Responsibilities:

Finance of Pipeline Deals – 40%

  • Develop, maintain, and oversee financial models in Excel using property financial statements, budgets, leases, and market assumptions.
  • Assist in the underwriting, analysis, and execution of real estate acquisitions.
  • Compile due diligence materials, budgets, financial models, and schedules.
  • Create project acquisition proposals and presentation materials.
  • Coordinate the closing of transactions.
  • Update due diligence checklists for transactions.
  • Prepare budgets, financial models, and market reports for debt/equity proposals and investor reporting.
  • Conduct market research and stay informed on industry trends.
  • Facilitate project inspections and tours.
  • Monitor and interpret project data, including contracts, schedules, budgets, and cash flows.
  • Collaborate with cross-functional teams on communication and engagement strategies for successful acquisition and financing.

Funding Applications, Budget Tracking & Reporting – 40%

  • Assist in the submission of various funding applications.
  • Identify additional funding sources and prepare financing applications or documentation.
  • Secure formal budget approval prior to project implementation.
  • Ensure long-term viability by budgeting adequate reserves and operating expenses.
  • Protect Casa Familiar's assets through conservative assumptions and clear documentation.
  • Oversee project budgets, track funding flows, and review draw requests.
  • Support compliance reporting preparation and submission.
  • Monitor projects until operational stabilization.
  • Develop and present reports and performance dashboards as required.
  • Maintain effective relationships with residents, community groups, partners, investors, lenders, and regulatory bodies.
  • Collaborate with the Finance Department to review audits, budgets, and monthly reports.

Other Duties – 20%

  • Engage in external working groups focused on community development and affordable housing.
  • Participate in agency events and initiatives as needed.
  • Perform other duties as assigned.

Supervision: This position does not involve direct supervision of staff but will act as the owner's representative for pipeline projects, overseeing vendors and contractors.

Skills, Experience, and Educational Requirements:

  • 3-5 years of experience in real estate finance underwriting preferred.
  • Knowledge of affordable housing finance.
  • Ability to assess and value affordable multifamily real estate investments.
  • Advanced Excel skills and strong analytical capabilities.
  • Experience in preparing financial models for transaction structuring.
  • Support the real estate closing process, including loan and equity funding.
  • Familiarity with entitlement processes through local governmental agencies.
  • Ability to maintain ongoing project budgets and manage the draw process.
  • Understanding of federal programs for affordable multifamily properties.
  • Detail-oriented with a commitment to high-quality work.
  • Strong organizational and communication skills.
  • Bilingual in English/Spanish preferred.
  • Valid California driver's license and availability of an insured vehicle for travel.

Additional Information: This position requires sitting, walking, standing, climbing stairs, and the ability to lift up to 25 lbs. A background check is required. All hired individuals must verify identity and eligibility to work in the United States.

Benefits Summary:

  • Medical, dental, vision, and life insurance.
  • 403(b) Retirement plan with employer contributions.
  • Paid time off and sick leave.
  • Employee Assistance Program (EAP).
  • Potential for hybrid working arrangements.


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