Housing Finance Specialist I

HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION (HHFDC, Honolulu Hawaii)

Pursuant to Chapter 201H, Hawaii Revised Statutes; the Hawaii Housing Finance and Development Corporation (HHFDC) is responsible for the financing and development of affordable housing in the State of Hawaii. The HHFDC is administratively attached to the Department of Business, Economic Development and Tourism (DBEDT), State of Hawaii.

The Finance Branch, which consists of the Single Family and Federal Program Section and the Multi-Family Section, administers the various housing financing programs under the HHFDC. These various programs include: 1) the Hula Mae Multi-Family Rental Housing Bond Program, 2) the Hula Mae Single Family Loan Program, 3) the Federal and the State Low Income Housing Tax Credit Programs, 4) the Rental Housing Revolving Fund, 5) the HOME Investment Partnerships Program, 6) the Housing Trust Fund, 7) the Downpayment Assistance Loan Program, 8) the Mortgage Credit Certificate Program, and 9) the Affordable Homeownership Revolving Fund. These programs finance mortgages and the construction and/or acquisition of rental housing projects.

The primary responsibility of this position is to conduct the day-to-day activities necessary to administer these various programs. This includes working with various mortgage lenders, municipal advisors, consultants, the United States Department of Housing and Urban Development, and neighbor-island county housing staff. This position ensures that program uses comply with State and Federal law as well as HHFDC policy. This position is also responsible for conducting financial analyses and working with the developers and owners of rental units to ensure that the financing for their projects is appropriate and justified, as well as assisting with securing the financing awarded by HHFDC.

QUALIFICATION REQUIREMENTS:

Knowledge: Knowledge of applicable State and Federal tax laws relating to multi-family/rental housing bond financing and program administration; the Low-Income Housing Tax Credit Program, federal rules and regulations relative to federal funding programs; development and construction of multi-family housing; methods and principles used in appraising, buying, selling, and financing real property; factors affecting property values; and real estate trends.

Skills/Abilities: Must have good oral and written communication skills. Must have the ability to comprehend complex financing structures, analyze program data and derive sound conclusions; interpret and apply state and federal laws and regulations; Must be able to problem solve and work independently.

Proficiency in WORD and EXCEL.

Must be able to develop and maintain a rapport with affordable housing developers and advocates.

Education: Graduation from an accredited college with a bachelor’s degree in accounting, finance, economics, or other relevant and applicable field of study.

Experience: One (1) year of experience in the field of finance, real estate, planning, engineering, architecture, or housing development.

Substitutions Allowed: The recommended qualifications in Education and Experience stated above may be substituted with graduation from high school or equivalent with six (6) years of work experience performing technical analysis or activities in the field of real estate finance or development.

At the Executive Director’s discretion, the recommended qualifications may be waived or substituted with other relevant qualifications.

Recruitment Information:

This posting is for the State of Hawaii, Department of Business Economic, Development & Tourism.

The position is located on the Island of Oahu.

The State of Hawaii is an Equal Opportunity Employer.

Job Type: Full-time

Pay: Up to $110,000.00 per year

Benefits:

• Dental insurance
• Employee assistance program
• Flexible schedule
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Retirement plan
• Vision insurance

Schedule:

• Monday to Friday

Work Location: In person