Company: U.S. Department of Housing and Urban Development
Location: Washington, DC
Job Function: Other
“The Office of Recapitalization (“Recap”) supports the preservation and recapitalization of federally-assisted housing and rental assistance for current and future generations. Recap structures, reviews, and implements transactions to ensure long-term physical and financial viability, often through public-private partnerships and the use of tax-incentivized financing. Recap also implements other affordable housing initiatives which leverage this transactional expertise. Programs currently or recently implemented by Recap include the Rental Assistance Demonstration (RAD), Mark-to-Market (M2M), Section 236 Preservation, Pre-1974 Section 202 Direct Loan Preservation (including SPRAC), Section 202 Capital Advance NOFAs, Tenant and Community Engagement Initiatives, and the Green Retrofit Program.”
HUD’s Office of Recapitalization is seeking an Underwriter (aka “Recapitalization Transaction Specialist”) (GS-13) to be based in the Office’s Transaction Division located in Washington, DC. This role will include support for the Department’s overall goals and will focus specifically on the underwriting and program compliance of affordable housing transactions under the Rental Assistance Demonstration (RAD) program, a high-profile initiative to significantly improve and preserve deeply affordable housing across the country. This job is primarily for a position working on the RAD Post-Conversion pipeline. Duties may include overseeing and underwriting a portfolio of HUD Multifamily assets or public housing properties that have already gone through a RAD conversion, analyzing, and resolving underwriting and policy issues, and providing technical support to various internal and external stakeholders. Applicants with backgrounds in accounting, finance, urban planning, and real estate development are encouraged to apply. Knowledge of affordable housing preservation policy is preferred.
Making a Difference: HUD’s Mission
HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination and transform the way HUD does business.
As a Recapitalization Transaction Specialist, you will:
– Advise and make recommendations on affordable housing transactions to supervisors and managers in the Affordable Housing Transaction Division.
– Actively participate in solving some of the Nation’s most complex and plaguing problems associated with public and affordable housing.
– Provide technical support to housing authorities, multifamily owners, as well as HUD field staff with the goal of improving, preserving and repairing assisted rental housing, which may include leveraging improvements in education, health, safety and employment.
– Coordinate, interact and participate in meetings with Office of Recapitalization management, HUD, OMB, and other governmental agencies, both Federal and State, housing finance agencies, Public Housing Authorities, private owners, participating administrative entities, and joint ventures to coordinate and maximize the achievement of the Office of Recapitalization’s mission.
Conditions of Employment
The official duty station for this position will be in Washington, District of Columbia. Failure to report to duty at this location may be grounds for a disciplinary action, including removal.
- Must be U.S. Citizen or U.S. National.
- A one year probationary period may be required.
- Must successfully complete a background investigation.
- Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency.
- Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.
- If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so.
- Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form i-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S.
- Please refer to “Additional Information Section for additional Conditions of Employment.”
- Obtain and use a Government-issued charge card for business-related travel.
You must meet the following requirements by the closing date of this announcement.
Specialized experience is one year of experience at the GS-12 level or equivalent in either public or private sectors, that is directly related to the position as listed in this announcement and which has equipped the candidate with the particular knowledge, skills, and abilities to successfully perform the duties of the position. Specialized experience includes:
– Providing interpretation and guidance of procedures, laws, and regulations related to multifamily housing development, including multifamily loan origination, underwriting, or a related multifamily or commercial area; AND
– Overseeing or completing underwriting of multifamily project budgets; AND
– Analyzing and resolving housing project issues relating to multifamily underwriting or operations.
Experience may have been gained in either the public, private sector or volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week on your resume.
Compensation and Benefits
$106,823 – $138,868 per year
How to Apply
HUD has partnered with the Treasury’s Bureau of the Fiscal Service to provide certain personnel services to its organization. Fiscal Service’s responsibilities include advertising vacancies, accepting and handling applications, and extending job offers.
Please review the entire announcement before applying.
The following instructions outline our application process. You must complete this application process and submit any required documents by 11:59 p.m. Eastern Time (ET) on the closing date of this announcement. We are available to assist you during business hours (normally 8:00 a.m. – 5:00 p.m. ET, Monday – Friday). If applying online poses a hardship, please contact us by noon ET on the announcement’s closing date.
HUD provides reasonable accommodation to applicants with disabilities on a case-by-case basis. Please contact us if you require this for any part of the application and hiring process.
- To begin, click Apply to access the online application. You will need to be logged into your USAJOBS account to apply. If you do not have a USAJOBS account, you will need to create one before beginning the application.
- Follow the prompts to select your resume and/or other supporting documents to be included with your application package. You will have the opportunity to upload additional documents to include in your application before it is submitted. Your uploaded documents may take several hours to clear the virus scan process.
- After acknowledging you have reviewed your application package, complete the Include Personal Information section as you deem appropriate and click to continue with the application process.
- You will be taken to the online application which you must complete in order to apply for the position. Complete the online application, verify the required documentation is included with your application package, and submit the application.
To verify the status of your application:
- Log into your USAJOBS account (USAJOBS Login) A list of announcements in which you have applied will be at the Welcome screen
- Under “application status,” click “Track this application” and you will be taken to the agency website where you can check your application status. For more information regarding the job and applicant status, please refer to https://www.usajobs.gov/Help/how-to/application/status/.
- If you wish to make changes/updates to your application and the vacancy is still open, you can click on the job announcement and “Update Application” to be taken back to your application. No updates can be made once the announcement has closed.
- Please notify us if your contact information changes after the closing date of the announcement. Also, note that if you provide an email address that is inaccurate or if your mailbox is full or blocked (e.g., spam-blocker), you may not receive important communication that could affect your consideration for this position.
For additional information on how to apply, please visit the Partnership for Public Service’s Go Government website.
To preview the assessment questionnaire: https://apply.usastaffing.gov/ViewQuestionnaire/11693043