General Counsel

3 weeks ago

Chicago, Illinois, United States Illinois Housing Development Authority Full time
Job Title: General Counsel

About the Role:

The Illinois Housing Development Authority (IHDA) is seeking a highly skilled and experienced General Counsel to join our team. As a key member of our senior management team, the General Counsel will provide strategic legal advice and guidance to the Authority's Board, Executive Director, and staff on all matters related to the Authority's operations, programs, and activities.

Key Responsibilities:

  • Provide legal advice and guidance on the Authority's operational and programmatic activities, including multifamily and single-family programs, procurement, and contract matters.
  • Oversee the Authority's legal department, including budget development and management, and supervise the Deputy General Counsel and Assistant Director of Procurement & Supplier Management.
  • Provide legal guidance to the Authority's 14 operational and programmatic departments, including Accounting, Asset Management, Communications, Community Affairs, Executive, Finance, Homeownership, Human Resources, Information Technology, Internal Audit, Legal, Multifamily Financing, Operational Excellence, Strategic Planning & Reporting, and Strategic Response.
  • Oversee all legal matters for the Authority, including litigation, foreclosures, procurement, audit, and corporate governance.
  • Ensure the legal materials needed for the Authority's monthly and special Board meetings are timely prepared and made available to the Authority's members.
  • Provide guidance on statutes, regulations, and procedural manuals, and all other local and federal proposed and final laws, rules, and regulations that relate to the Authority and its operations.
  • Participate in external audit processes, including the delivery of management representation letters, in connection with the Authority's annual external financial audit, annual single audit, and bi-annual compliance audit.
  • Serve as Assistant to the Authority's Board Secretary, assisting with adherence to the Open Meetings Act, including the review of the Authority's meeting minutes.
  • Oversee the Authority's procurement function, including reviewing agreements between the Authority and its contractors, subcontractors, suppliers, vendors, and other third parties.
  • Coordinate with outside labor & employment counsel as applicable, and designate (or serve as) the Authority's ADA Coordinator.
  • Assist in the closing of real estate transactions with respect to the Authority's multifamily financing programs, and advise multifamily staff on federal and state tax low-income credit administration, first mortgage lending special grant programs, and other programs.
  • Advise asset management staff on loan servicing, troubled assets, foreclosure issues, lease/occupancy matters, and issues related to the Authority's ownership and operation of multifamily rental housing.
  • Provide guidance and other assistance to the Authority's legislative, external relations, and innovations staff as required.
  • Render final approving opinions regarding validity due authorization of Authority actions and other matters, including as related to the issuance of the Authority's bonds.
  • Represent the Authority in litigation matters or coordinate with outside counsel, as needed.

Requirements:

  • Juris Doctor Degree with admission to the Illinois Bar required; must be in good standing at all times.
  • 7+ years of legal experience in real estate and financial services law, including supervisory experience.
  • Knowledge in affordable housing finance, corporate law, tax law, community development, and Federal and Illinois law, including the Freedom of Information Act, the Open Meetings Act, the Illinois Procurement Code, the Administrative Procedure Act, the Illinois Private Activity Bond Volume Allocation Act, the Tax Equity and Fiscal Responsibility Act, and Section 42 of the Federal Tax Code.
  • Knowledge of HUD and U.S. Treasury affordable housing programs desired.
  • Ability to analyze situations swiftly and accurately, utilizing a variety of analytical techniques in order to position the Authority's business units to make well-informed decisions.
  • Ability to establish and maintain internal and external cooperative working relationships.
  • Possess excellent skills in legal research and drafting and editing legal documents.
  • Excellent communication and negotiation skills; written and oral.
  • Must possess strong working knowledge of all aspects of Microsoft Office suite.
  • Litigation experience a plus.

What We Offer:

  • Paid time off, plus paid holidays.
  • Currently in a hybrid work arrangement, but candidates must reside in Illinois at time of hire.
  • Medical/dental/vision/life insurance plans.
  • Short/long term disability.
  • Tuition reimbursement.
  • Flex spending.
  • 401K plan – immediate vesting.
  • IHDA employees may be eligible for federal loan forgiveness programs.

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