Housing and Community Development Specialist II/III - Asset Management (Open and Promotional) (20631792)

The Department of Housing is a catalyst for increasing access to high-quality affordable housing for households earning a variety of incomes, and supporting related community development activities, so that housing and robust services exist for people of all income levels and ages in San Mateo County. The Department consists of two divisions: Housing and Community Development (HCD) and the Housing Authority of the County of San Mateo.

HCD is recruiting for a Housing and Community Development Specialist II/III position. Reporting to the HCD Deputy Director of Real Estate Development and Asset Management, the Housing and Community Development Specialist II/III positions will engage in a variety of functions aimed at increasing the supply of affordable housing throughout San Mateo County and forging partnerships to address critical housing needs. The open position is on the Asset Management Team.

The ideal candidate for this position has broad experience with real estate lending asset management, as well as specific experience managing affordable housing loans and assets in a public sector housing department, community development lending department at a financial institution, or asset management department for an affordable housing owner or developer. The ideal candidate will have experience responding to typical asset management requests from borrowers, other lenders, and government agencies. The ideal candidate will be able to develop and manage systems for documenting loan and sponsor health, including risk rating systems. The ideal candidate has experience reviewing typical affordable housing financial statements for the purpose of determining property performance and calculation of net cash flow and residual receipts.

Examples Of Duties

The Asset Management Team’s HCD Specialist's programmatic support duties may include, but are not limited to:

• Financial reviews of operating budget, capital improvement plans, and audited financial statements.
• Reviewing, calculating, and auditing cash flow analysis for portfolio assets.
• Preparing or providing oversight of loan interest calculations, loan balance audit confirmations, loan payoffs, and database maintenance.
• Assessing, invoicing, and collecting fees and payments owed to the County of San Mateo.
• Preparing annual risk rating assessments of the project loans.
• Ensuring invoices are issued to collect the net cash flow (residual receipt payments) due to the County.
• Collection of required project and operating documents from borrowers.
• Reviewing annual tenant income and rent information (rent rolls) submitted by project owners/managers to ensure compliance with applicable affordability and operating covenants.
• Verification of appropriate insurance coverage to ensure that the County’s assets are protected.
• Reviewing management plans, management agreements, fair housing documents, and other operating documents to ensure they meet appropriate requirements.

Qualifications

Education and Experience: Any combination of education and experience that would likely provide the required knowledge, skills, and abilities is qualifying. A typical way to qualify is:

HCD Specialist II: Two years of experience in construction administration, building inspection, real estate appraisal, community development project coordination, economic development, or loan application preparation and processing.

HCD Specialist III: Three years of experience in a housing and community development program which has included responsibility for coordination of construction, financing, community development, or economic development projects.

TENTATIVE RECRUITMENT SCHEDULE

Final Filing Date: Friday, June 20, 2025, 11:59 PM PST

Application Screening: June 23 - 27, 2025

Civil Service Panel Interview: July 15 and/or 16, 2025