Metropolitan Transportation Commission (MTC)
San Francisco, CA

REAP 2 Program Coordinator
$101,244.62 - $148,037.76 Annually
Job Type: Temporary/Full-Time
Closing Date: 2/18/2024 11:59 PM Pacific

DEADLINE TO APPLY IS SUNDAY, FEBRUARY 18, 2024 AT 11:59 PM
IF YOU ARE INTERESTED, PLEASE APPLY IMMEDIATELY
A resume and cover letter are not required with your application, but highly encouraged

THIS IS A TIME-LIMITED POSITION THROUGH JUNE 30, 2026

Be ready to rethink your assumptions about the public sector. Dedicated and motivated colleagues? Beautiful, high amenity building for on-site work and collaboration? Flexible schedules and hybrid work options? Yes, yes, and yes!

The Metropolitan Transportation Commission (MTC) is the transportation planning, financing and coordinating agency for the nine-county San Francisco Bay Area. MTC is the federally designated Metropolitan Planning Organization (MPO) and the state designated Regional Transportation Planning Agency (RTPA) for the nine-county San Francisco Bay Area. MTC provides services to the Association of Bay Area Governments (ABAG). For more information about MTC, visit www.mtc.ca.gov.

The Regional Early Action Planning grant (REAP 2) Program Coordinator will support the Bay Area Housing Finance Authority (BAHFA) in the administration of approximately $43 million of a $102.8 million state grant provided to accelerate implementation of the housing, climate, and equity goals of Plan Bay Area 2050. BAHFA’s portion of the funds will go to an affordable housing Preservation Pilot Loan Program and a Priority Sites Predevelopment Loan Program, developed in collaboration with MTC’s Regional Planning Program/Housing and Local Planning Section.

Under the supervision of the BAHFA Preservation Program Coordinator, the REAP 2 Program Coordinator will provide administrative, loan management, financing, underwriting, and general program support for the Preservation Pilot and Priority Sites Predevelopment Programs. This staff member will be principally responsible for managing escrow loan closing logistics and acquisition funding disbursements, construction draw administration, loan close-out activities and relationship management with the MTC Finance, Treasury, and Contracts Sections. The position will also support the Preservation Program Coordinator with project feasibility assessments, loan underwriting, and oversight of potential borrowers' acquisition/rehabilitation and new construction due diligence activities. The provision of high-quality administrative and organizational support to multiple stakeholders will be required for all phases of the REAP 2 program implementation.

The incumbent will be a professional with exceptional project management skills who can organize, prioritize, and process large volumes of documentation on time, on budget, and with intense attention to detail. The successful candidate will also be a great communicator who is able to develop and maintain effective working relationships. Finally, the successful candidate will bring a passion for affordable housing to the work.

Prior experience with real estate lending and contract administration is required, as is a general knowledge of housing development processes. Experience with affordable housing finance and development is preferred. In addition, in-person attendance will be required for all presentations to BAHFA’s governing bodies, including the Advisory Committee, Joint Housing Committees, BAHFA Board, and ABAG Executive Board.

All employees at MTC are classified as Disaster Service Workers.

SKILLS AND ABILITIES
The ideal candidate will have the following knowledge, skills, and abilities:
• Knowledge of real estate transactions and loan administration.
• Ability to understand and familiarity with loan agreements and ancillary lending documents; real estate purchase and sale agreements; housing development budgets; cash flows; transactional due diligence documents such as environmental reports and preliminary title reports; and other housing-related documents applicable to acquisition/rehabilitation and predevelopment lending.
• Exceptional organizational skills and the ability to coordinate several concurrent projects at various stages of completion; ability to adapt to changing priorities and deadlines.
• Demonstrated ability to maintain financial tracking and reporting systems using spreadsheets, databases, and other software.
• Ability to communicate clearly and concisely, both orally and in writing.
• Ability to communicate effectively with all parties engaged in a real estate transaction, including borrowers, attorneys, and escrow and title staff.
• Ability to work collaboratively and independently, as part of a mission-driven team focused on regional housing solutions.
• Ability to operate an office computer, mobile devices, standard office equipment and a variety of word processing, presentation, database, and other software applications.

MINIMUM QUALIFICATIONS
An appropriate combination of education and experience that has provided the required knowledge, skills and abilities is qualifying. A typical way of obtaining the required qualifications is:

Education: A Bachelor's degree in an appropriate field related to the area of assignment, such as transportation planning, project management, public finance, transportation engineering, economics, business or public administration. Applicants with a degree issued from an institution outside the United States must have their transcripts evaluated by an academic accrediting service and provide proof of equivalency along with their application.

ASSISTANT LEVEL
Experience: One year of experience in an appropriate field related to the area of assignment.

ASSOCIATE LEVEL
Experience: Two years of increasingly responsible experience in an appropriate field related to the area of assignment.

Preferred Qualifications:
• A Bachelor's degree from an accredited college or university in an appropriate discipline related to the area of assignment such as real estate finance, architecture, project management, public finance and administration, public policy, or city planning. A Master's degree is desirable.
• Minimum of one year of increasingly responsible experience in an appropriate field related to the area of assignment, such as housing development, real estate brokerage services, public sector lending, commercial lending, escrow and title services, or finance. Preference will be given to applicants with more years of relevant or professional experience.
• Prior experience with real estate lending and contract administration and, at minimum, a general knowledge of housing development processes is required. Experience with affordable housing finance and development is preferred.

ESSENTIAL DUTIES AND RESPONSIBILITIES
Under the general direction of the BAHFA Preservation Program Coordinator, the REAP 2 Program Coordinator will be tasked with the following:

Program Administration
• Manage the process of funding affordable housing acquisition/rehabilitation loans and predevelopment loans, including coordination with borrowers, in-house and outside counsel, escrow and title agents, co-lenders, and the MTC Finance, Treasury, and Contracts sections so that funds are delivered to relevant parties (e.g., escrow accounts) accurately and on time.
• Work in close coordination with MTC’s Regional Planning Program/Housing and Local Planning division regarding Priority Sites project funding, timelines, and due diligence collection.
• Develop documents for and administer ongoing construction funding draws for rehabilitation and new construction projects, coordinating closely with borrowers’ project managers, construction managers, and MTC’s Finance and Treasury Sections.
• Maintain project records, including loan closing documents, financial reports and audits, construction progress reports, lien releases, and loan close-out documentation.
• Maintain systems that efficiently and effectively support REAP 2 grant program administrative functions, and manage documentation and contract records in accordance with MTC policies.

Program Support
Support the BAHFA Preservation Program Coordinator in all aspects of program implementation, including:
• Loan request reviews
• Collection and evaluation of project due diligence submissions
• Project budget evaluations
• Drafting of loan request evaluations for submission to senior staff
• Drafting and execution of loan documents, in coordination with in-house and outside counsel

Other/General
• Prepare written material and reports as needed for senior staff review, including presentations with well-executed graphic design elements.
• Represent BAHFA in a variety of meetings and/or events.
• Perform other job-related duties as needed or assigned by the Section.