Perform reviews of affordable housing projects awarded funding through the Federal Home Loan Bank of San Francisco's Affordable Housing Program ("AHP") to determine eligibility and compliance within program guidelines and regulatory requirements. Consult with and provide expertise on community investment programs and affordable housing compliance issues to Bank management, members, prospective members, community partners, and the Federal Home Loan Bank System.

Major Accountabilities:

AHP Project Support

• Analyze development and operating budgets of completed projects to confirm feasibility and need for AHP funds. Work with awardees to collect and review limited partnership agreements, loan documentation, cost certifications, and other documentation to assess risk of releasing funds and approve award disbursements. Review project compliance with regulatory requirements and Bank guidelines.

• Manage the timely receipt and accurate representation of information required for confirming project eligibility. Maximize process efficiency and work quality. Manage database information to ensure accurate and timely updates of project status. Assemble and annotate relevant documentation for review by management, internal audit, and federal regulators

AHP Application Support

• Score, evaluate, determine eligibility, financial feasibility and need for subsidy of applications submitted in the annual funding application rounds. Recommend applications for approval. Technical Assistance and Outreach

Technical Assistance and Outreach

• Provide technical assistance and outreach to members and community partners, including individual project guidance and conducting webinar trainings. Participate in and assist in planning Bank-sponsored webinars, workshops, conferences, or other events. Actively represent the Bank at meetings, public speaking engagements, and community-sponsored events.

• Assist in the production of various publications that the Bank is required to produce such as the AHP website and the Bank's Targeted Community Lending Plan.

Other Community Investment Support

• As needed, support administration and operations for other programs within the Community Investment Department, including economic development and down payment assistance grant programs.

• Collaborate with the operations and technology teams to support the Bank's objective to modernize the department's technical tools, including performing testing of functionalities and data validation.

• Support the development and implementation of any potential new community investment programs in the future.

Special Projects

• Assist the Bank in achieving its mission-related goals, including research into potential community investment programs, scoring criteria, program design, and work related to fulfilling the Bank's Community Lending Plan initiatives.

• Conduct research as needed. Present and recommend program ideas and research findings to senior management. Maintain the integrity of research data through careful, logical, and resourceful review and assembly of available information.

• Conduct project site visits, as necessary.

Skills/Knowledge:

• Bachelor's Degree in Business Administration, Finance, Community Development, Urban Planning or a related field, or equivalent education or professional experience required.

• Minimum two years' experience in one of the following: community investment, lending, affordable housing finance, affordable housing asset management, affordable housing property management, real-estate development, government grants analysis, housing program compliance; loan processing within a financial institution or affordable housing nonprofit preferred.

• Familiarity with affordable housing financing structures and loan documentation desired.

• Demonstrated project management skills including the ability to take initiative in a fast-paced work environment, work effectively under pressure, both independently or as a member of a team.

• Demonstrated ability to effectively communicate with all levels of an organization including external clients, internal management, and team members.

• Demonstrated knowledge of affordable housing development, regulations and policy: public and private financing sources available, the Low-income Housing Tax Credit Program, project-based rental assistance, other public grant programs.

• Demonstrated knowledge of finance and financing structures; must be familiar with loan documentation; must be able to analyze sources of financing, operating and development budgets, and statements of cash flow; preferred understanding of the basics of retention and recapture mechanisms (subordination arrangements, silent second notes, and lien positions).

• Attention to detail and ability to clearly and thoughtfully review and organize documentation required.

• Ability to operate PC-based software (Excel, Outlook, Word) and/or automated database systems required.

• Excellent verbal and written communication skills with strong analytical and problem-solving skills required.

• Ability to analyze, apply, interpret, and communicate policies, procedures and regulations effectively.

SALARY RANGE: $105K - $115K

The Federal Home Loan Bank of San Francisco is an Equal Employment Opportunity employer and is committed to a diverse workforce. We value and actively seek to recruit, develop, and retain individuals with varied backgrounds and experiences reflecting the full diversity of the communities that we serve. It is the policy of the Bank to comply with all applicable laws concerning the employment of persons with disabilities.

Salary ranges reflect the base salary that the Bank reasonably expects to pay for a given role and is not inclusive of annual incentive award opportunities, retirement benefits or the value of other health and welfare or other ancillary benefits. We consider many factors when determining base salaries such as individual background and experience, the competitive environment, education, particular skill set(s), and industry and institutional knowledge.

The Bank is committed to offering all team members challenging and engaging work with market competitive pay, retirement, and benefit offerings. In support of this commitment, the Bank routinely engages in market competitive benchmarking surveys and analysis to ensure our team members continue to be paid fairly and competitively.