DIRECTOR OF DEVELOPMENT & CAPITAL FUND

GENERAL STATEMENT OF DUTIES:

Under immediate direction of the Deputy Executive Director, the Director of Development is responsible for progressively carrying out, the Authority's rehabilitation, housing development, and modernization initiatives to include the Capital Fund Program (CFP) and community development programs in the City of Portsmouth. The Director assumes full management responsibility for the Development Department and Capital Fund programs, services and activities.   The Director of Development is responsible for implementing and managing a variety of development projects using various strategic avenues including but not limited to mixed finance, low income housing tax credits (LIHTC), revenue bonds, private mortgage financing and other financing tools used in development projects. Directs the activities of the divisions involved in the planning and execution of such activities in redevelopment and/or conservation projects and coordinates the background research and preparation of Authority financial applications for proposed undertakings.  In conjunction with this work, acts as liaison with project area residents in the completion of redevelopment plans and amendments thereto; is liaison with City, State, and Federal officials and consulting firms in the completion of related applications.  Amends budgets and financial plans; oversees the Authority's project activity control system with particular emphasis on periodic review of project budgets; coordinates the Authority's Local Rehabilitation Loan Program.  Coordinates the Authority's engineering and project improvements program; serves as principal liaison with the Department of Housing and Urban Development (HUD) Area Office in matters relative to the department; supervises employees working within the Department of Development. 

EXAMPLES OF WORK: (Illustrative Only)

• Oversees the acquisition, rehabilitation, and new construction of the Authority’s housing units. Coordinate the development of schedules for the completion of such activities, and liaison with other departments within the Authority carrying out various aspects of the redevelopment program in order to meet established time tables. 
• Make presentations and update the Board of Commissioners on the status of activities and suggests changes as required in previously designated action areas. 
• Oversees the Authority’s residential and commercial loan rehabilitation and façade program
• Assist in the government planning and review process
• Acts as liaison with City staff, HUD representatives and consulting firms working with appraisers, engineers, commercial real estate brokers and others included in the implementation of projects.
• Reviews and approvals loan applications on behalf of the Authority as well as the resolution of contractual disputes as they arise from time to time between independent rehabilitation contractors and property owners. 
• Oversees the engineering and demolition programs, including the coordination of these efforts with all interested City of Portsmouth departments and Federal agencies as well as private contracting firms. 
• Reviews ongoing private and public developments within the Authority's redevelopment areas to assure compliance with plans and specifications previously submitted to the Authority in connection with these developments. 
• Directs the overall housing development function of the Authority and is responsible for the preparation and processing of housing applications, including program reservations, preliminary loan and cooperation agreements, development programs and schematic design submissions, annual contribution contracts, development cost budgets and other financial data as required in the overall development of housing within redevelopment and housing areas in the City of Portsmouth.
• Evaluates potential sites and sponsors of low- and moderate-income housing, and is responsible for the compilation of data and the monitoring and controlling of expenditures in connection with housing development activities. 
• Assist in the development plans and specifications and cost estimates and plans for repairs associated with the maintenance of PRHA real estate portfolio
• Makes presentations concerning the Authority's programs to interested organization and groups and secure input from developers, property owner, city neighborhoods and targeted populations.
• Coordinates the New Markets Tax Credit Program and Virginia Housing Development Authority Financing Programs.
• Drafts replies and prepare monthly, weekly and special reports for the Deputy and Executive Director upon request. 
• Observes all safety rules and regulations.
• Job duties, responsibilities, specifications, and other job aspects may be changed as needed; performs other duties as assigned.

REQUIRED KNOWLEDGE, SKILLS AND ABILITIES:

• In-depth knowledge of federal, state and local laws, pertaining to real estate, mortgage lending, underwriting and appraisals
• Comprehensive knowledge of HUD guidelines related to Mixed Finance Housing, Capital Fund, Resident Assistance Demonstration(RAD), LIHTC and other federally aided and redevelopment and housing programs
• Thorough knowledge of the operations of City government and municipal finance.
• Experience in mortgage and credit transactions and general knowledge of construction, engineering and planning. 
• Thorough knowledge of the principles, procedures, regulations and methods of property acquisition and disposition
• Thorough knowledge of current construction and associated cost, rental rates, operating expenses, budget preparation and administration as it relates to public housing redevelopment and rehabilitation
• Ability to communicate clearly, orally, and in writing. 
• Ability to supervise and deal effectively with others.

SPECIAL REQUIREMENTS:

• Ability to multi-task and be detailed oriented in performing and coordinating work activities.
• Ability to exercise good judgment, make sound decisions and work independently.
• Excellent oral and written (write in a clear and concise manner) communication skills to provide clear work instructions; compose technical reports and comfortable making presentations before others and respond to questions on a variety of job-related matters.
• Must effectively work with an array of individuals, including those who exhibit skepticism or those who do not cooperate.
• Computer literacy required in the use of a personal computer for the use in word processing, spreadsheet, database, and electronic communications.
• Possess excellent human relations skills, particularly leadership, consulting, negotiating, persuasive, and supervisory skills.
• Participates in the interview process of staff and makes hiring recommendations. Performs supervisory duties including but not limited to setting standards for work performance, communicating standards to employees, assigning and coordinating work; promoting, developing, disciplining and counseling employees on performance and conducts performance evaluations. Approves leave and ensures timely completion and processing of attendance records.
• Promotes a positive image of the Authority by establishing and maintaining to the greatest extent possible a viable and positive working relationship with residents, co-workers, local agencies and all appropriate agencies of the City with which the Authority may come into contact.
• Must be generally available for occasional after-hours and weekend activities.  In the event of emergencies, must be accessible, preferably by phone or other effective means.

PHYSICAL REQUIREMENTS:

• Sufficient manual dexterity to allow operation of a variety of automated office machines, i.e. computer keyboard, copy machine, printer, fax machine, telephone, typewriter, calculator, etc.
• Ability to move, carry and/or operate objects and materials such as office supplies, files, computer printouts, reports, calculator, etc.
• Ability to sufficiently operate an automobile; must be insurable by the Authority’s automobile insurance carrier and possess and maintain a valid driver’s license insured by the Commonwealth of Virginia throughout the duration of employment.

ACCEPTABLE EXPERIENCE AND TRAINING:

Master's Degree in Public or Business Administration, Urban Planning, Finance, Engineering or a related field is preferred with five years’ responsible experience in a professional position directly related to redevelopment and housing; or graduation from a college or university of recognized standing in same areas of concentration above with seven years' experience in redevelopment and housing required.