Development Specialist

Our diverse and inclusive workforce of more than 7000 employees play a key role in the success of San José the heart of the Silicon Valley. All City of San José employees work together as one team to make San José a vibrant innovative and desirable place to live and work.Visithere to learn more about our One Team Leadership Values and Expectations including quality and excellent customer service and hereto learn more about San José.

The City of San José is an equal opportunity employer. Applicants for all job openings will be considered without regard to age race color religion sex national origin sexual orientation disability veteran statusor any other consideration made unlawful under any federal state or local laws. The City of San José is committed to offering reasonable accommodations to job applicants with disabilities. If you need assistance or an accommodation due to a disability please contact us at 711 (TTY) or via email at .

The City of San José the Capital of Silicon Valley is one of the nations best-managed cities and one of the top ten cities in which to live work and do business. Moreover San José is the center of cultural government and economic activity for the region. The employees of the City of San José have embraced the following values: Integrity Innovation Excellence Collaboration Respect and Celebration. The Citys Housing Department is seeking an individual whose values align with the values of the Citys employees.

The City of San José Housing Department is a leader in the development of affordable housing. Its mission is to strengthen and to revitalize our community through housing and neighborhood investment. The Housing Department provides loans for the development of affordable housing and manages a portfolio of over 17000 housing units with a total value that exceeds $700 million. Over the next five years the City Council has a goal of creating 25000 housing units 10000 of which will be affordable. The Housing Department has an operating budget of approximately $19 million and 112 employees. The Housing Department is committed to creating and supporting a diverse work environment with a staff that values inclusion.

This Position is Open Until Filled. Our next review date on Thursday December 4 2025. For candidates to be considered for this review date please make sure to apply before Wednesday December 3 2025 at 11:59 PM PST.

The Citys Housing Department is seeking motivated individuals to join the Housing Department to assist with various assignments associated with underwriting affordable housing loans administrating loan transactions and draw requests and managing the Citys loan portfolio.

The Development Specialist must be able to work independently and as part of a team including with outside partners such as developers borrowers title companies lenders government agencies non-profits and property managers.

The Housing Department is currently seeking to fill 3 full-time Development Specialist vacancies in the Production and Preservation Team Loan Administration Team and the Asset Management Team.

1)Development Specialist - Production and Preservation:

- Collaborate with affordable housing developers and community groups to proactively manage affordable housing projects from the earliest stages through completion.

- Review the structure of multifamily financing proposals for new construction and preservation of affordable housing.

- Review financial statements and proformas for feasibility and credit risk.

- Coordinate and execute documents related to the Citys loan land purchase and regulatory agreements.

- Review all necessary loan documents title reports property management agreements limited partnership agreements and other due diligence items to ensure completeness and accuracy.

2)Development Specialist - Loan Administration:

- Process construction loan draws by reviewing invoices and draw requests for completeness and accuracy.

- Process disbursements and wire requests with the Fiscal team.

- Coordinate and review multifamily housing transaction closing due diligence with developers other lenders and third-party consultants.

- Manage files including set up updates closeouts and cancellations.

3) Development Specialist - Asset Management Loan Compliance:

- Serve as primary contact for inquiries from citizens and external partners including developers borrowers non-profits and property managers.

- Ensure ongoing property compliance with the Citys affordability covenants and loan agreements.

- Manage collection and review of required borrower documentation to ensure compliance with occupancy loan and regulatory requirements (audits budgets capital plans reserve draw requests rent rolls insurance certificates and fair-housing materials).

- Assess project financial health and recommend solutions to operating challenges that support both borrower and City interests.

- Enter track and analyze property management and financial data to identify trends in vacancy rents and related performance indicators.

-The Development Specialist may be assigned to support other Housing Department initiatives and functions not limited to the activities described above.

This recruitment may be used to fill multiple positions in this or other divisions or departments. If you are interested in employment in this classification you should apply to ensure you are considered for additional opportunities that may utilize the applicants from this recruitment.

and Experience

Bachelors Degree from an accredited college or university in Planning Housing Geography Economics Business Administration Public Administration Political Science Sociology or related field and two (2) years of directly related work experience.

Acceptable Substitution

Additional related experience may be substituted for the education requirement on a year-for-year basis.

2. Licenses or Certificates

Possession of a valid State of California drivers license may be required for some assignments.

3. Employment Eligibility:

Federal law requires all employees to provide verification of their eligibility to work in this country. Please be informed that the City of San Jose will NOT sponsor represent or sign any documents related to visa applications/transfers for H1-B or any other type of visa which requires an employer application.

The ideal candidate will possess the following competencies as demonstrated in past and current employment history. Desirable competencies for this position include:

Job Expertise - Demonstrates knowledge of and experience with applicable professional/technical principles and practices Citywide and departmental procedures/policies and federal and state rules and regulations. More specifically:

- Experience with single and multifamily property management asset management and/or loan management.

- Familiarity with real estate financial accounting and review of property financial statements.
- Knowledge of real estate principles finance transactions and property management
- Basic understanding of loan servicing and banking loan administration principles.
- Ability to understand interpret and communicate complex regulations and legal documents.

Analytical Thinking - Approaching a problem or situation by using a logical systematic sequential approach.

Computer Skills Experienced with common business computer applications including but not limited to: MS Outlook MS Word and MS Excel.

Communication Skills Effectively conveys information that expresses thoughts and facts clearly orally and in writing; demonstrates effective use of listening skills; displays openness to other peoples ideas and thoughts.

Customer Service - Demonstrates the ability to anticipate customers needs and deliver services effectively and efficiently using professional demeanor.

Decision Making - Identifies and understands issues problems and opportunities; uses effective approaches for choosing a course of action or developing appropriate solutions.

Multi-Tasking - Can handle multiple projects and responsibilities simultaneously; has handled a wide variety of assignments in past and/or current position(s).

Teamwork & Interpersonal Skills - develops effective relationships with co-workers and supervisors by helping others accomplish tasks and using collaboration and conflict resolution skills.

Additional Information:

Employment Eligibility: Federal law requires all employees to provide verification of their eligibility to work in this country. Please be informed that the City of San Jose will NOT sponsor represent or sign any documents related to visa applications/transfers for H1-B or any other type of visa which requires an employer application.

You must answer all job-specific questions to be considered for this vacancy or your application will be deemed incomplete and withheld from further consideration. Applicants are expected to write their own essays/responses.

Please note that applications are currently not acceptedthrough CalOpps or any other third party job board application system.

This recruitment may be used to fill multiple positions in this or other divisions or departments. If you are interested in employment in this classification you should apply to ensure you are considered for additional opportunities that may utilize the applicants from this recruitment.

Please allow adequate time to complete the application and submit before the deadline or the system may not save your application. If your online application was successfully submitted you will receive an automatic confirmation email to the email address you provided. IF YOU DO NOT RECEIVE THE CONFIRMATION please email and we will research the status of your application.