Position Description

Rental Housing Manager
Location Des Moines, IA
Department 10 Community Investment
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Rental Housing Manager
Assists in the administration of the Affordable Housing Program (AHP), specifically for rental projects, including directing and supervising multiple Rental Housing Analysts and Rental Housing Specialists.  Assists in marketing the competitive AHP program to sponsor and member applicants throughout the Bank’s district.  Oversees advanced business plan evaluation, project feasibility analysis, and market analysis of affordable housing projects during selection, disbursement, and final monitoring to ensure compliance in accordance with applicable federal regulations and Bank policies and procedures.  Assists in the evaluation and selection of Affordable Housing Program applications.  Cultivates and utilizes knowledge of local, state and federal laws and regulations relevant to multifamily housing development, commercial real estate lending, Housing Tax Credits and HUD programs to evaluate projects. Supports the Community Investment Advances program and approves eligibility for Community Investment Advances.
Manage and develop high performing team members through communication, feedback, coaching, and completion of mid-year and year end performance evaluations.
Develops and maintains policies, procedures, and forms to ensure effective administration of the owner-occupied Affordable Housing Program (AHP).  
Oversees the analysis, review and selection of Affordable Housing Program (AHP) rental applications by performing advanced business plan evaluation, project feasibility analysis, and market analysis of the applications.    Conducts feasibility reviews and is responsible for review of the feasibility review performed by analysts.
Analyzes complex multifamily rental project disbursements to ensure the project is viable for funding and approves rental project disbursements recommended by analysts to ensure projects are compliant with AHP commitments, regulation and Bank policies.
Reviews project status reports and other information with analysts to ensure that projects are being completed and are compliant with AHP commitments, regulations and Bank policies.
Makes decisions concerning extension, modification, de-obligation, monitoring, and compliance of rental housing AHP projects, and makes recommendation to and obtains approvals of the Director Community Investment as required in procedures.   
Support administration of CIA program.  Conducts review and approval of Community Investment Advances and trains and supervises staff in review and monitoring. 
Provides communication to and technical assistance to member institutions, non-profit organizations and government entities on the features and uses of the competitive Affordable Housing Program and specifically to members, the Community Investment Advance program.   
Develops a working knowledge of the Bank's other products and services, especially those offered by the Community Investment Department. 
Develops and maintains knowledge of private, local, state and federal programs that are involved in affordable housing development.  
Complies with Bank policies and procedures and laws and regulations applicable to the Community Investment program.  Reports known or suspected violation of law, regulation, policy or procedure to appropriate levels of management.  Participates in developing, implementing, assessing and improving effective internal controls.  Reports known or suspected violation of internal controls to appropriate levels of management.
Performs other duties as assigned.
Bachelor’s Degree in Finance, Accounting, Business, Economics, or related field, or equivalent years’ experience.
MBA, advanced banking school, or professional housing certification preferred.
Evidence of a broad range and understanding of housing programs and finance characterized by 5 - 8 years’ experience in residential real estate underwriting and lending, housing development, and housing finance.  
Experience in affordable housing programs as conducted by non-profit or government entities is preferred, including work involving with local, state, or federal programs developing or funding affordable housing projects. 
Excellent analytical, written, interpersonal, and oral communication skill evidenced by.  
o Ability to gather, assemble, correlate, and analyze facts to prepare concise reports for decision making, identify problems, and devise solutions. 
o Experience and skill working in a team oriented environment, and ability to communicate and negotiate with a diverse clientele.
Experience in staff supervision and development. 
Adept is use of personal computers and Microsoft business software including Outlook for communications and scheduling, Word, Excel, and PowerPoint. 
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