| Location | San Francisco, CA |
Director of Housing FinanceClassification: 0903 - Mayoral Staff XV Department: Mayor's Office of Housing and Community Development (MOHCD) Reports To: Deputy Director, Multifamily Housing and Homeownership Programs
Role description
The Director of Housing Finance (the "Director") will lead the development and implementation of the MOHCD Housing Division's multifamily financing programs, underwriting guidelines, and state and federal funding strategy and will work closely with the Director of Homeownership to identify homeownership financing opportunities. Reporting to the Deputy Director for Multifamily Housing and Homeownership Programs, the Director will collaborate closely with the senior management team, other MOHCD managers and external partners. The Director is a new senior position responsible for coordinating MOHCD's major financing functions and multifamily underwriting governing debt issuance, loan structuring, loan terms, and capital markets. The Director provides subject matter expertise, innovation, coordination, collaboration, policy development, and support to evaluate opportunities and contribute to the Housing Division's impact. Key responsibilities include, but are not limited to:Oversee funding procurements in alignment with the City's available resources, funding goals and underwriting guidelines. Issue NOFAs, RFQs and RFP, administer competitive vetting process, make funding awards.Update and maintain funding guidelines and policies for the departmentLead collaborative process with staff and external stakeholders to update guiding policies on a regular cadence:Multifamily Underwriting GuidelinesDeveloper Fee PolicyBond Program ManualOperating Fees PolicyGround Lease Policy9% queueResidual Receipts PolicyCommercial Space PolicyCash Out Policy and WaiversMultifamily Subordination PolicyLOSP Program ManualOversee funding programsManage MOHCD funding programs and policies, debt issuance, lending products, and financing structures.Collaborate interdepartmentally and externally to identify and execute on funding opportunities that will increase MOHCD's access to capital.Develop and deploy new funding programs as appropriateLead analysis and advocacy around state and federal funding programs with the goal of maximizing affordable housing and homeownership resources for San Francisco. Programs may include TCAC (tax credits), CDLAC (tax exempt bonds), California Department of Housing and Community Development (soft debt programs), CalHFA (bonds and soft debt, CalHome). Tasks include:Review updates to guidelines, gather input, submit commentsAttend and monitor hearings, meetings and other discussionsCollaborate with internal and external stakeholders including affordable housing developers, advocacy groups, and local governments statewideManage San Francisco's applications for State and Federal housing-related funding programs in collaboration with the division's program directors, developer partners and sister agenciesState programs: PLHA, LHTF, Pro Housing Designation, CalHomeFederal programs: HUD Pro Housing, Restore Rebuild, othersBond Program management Lead all Multifamily bond issuances, including volume cap private activity bondsCreate applications in portalReview all applications with FA and provide technical assistanceDraft, review and submit for signature all bond attachments and inducementsSubmit annual Demand surveyConduct all TEFRA hearingsReview bond documents and work with bond counsel on closingsUpdate Bond Program Manual as neededReporting and MonitoringManage required reporting in cooperation with Portfolio ManagementComplete mandatory reporting (e.g. California Debt and Investment Advisory Commission (CDIAC); state Annual Comprehensive Financial Report (ACFR))IRS reporting and auditsMake process improvements and improve record keeping Develop and improve bond monitoring strategy with Asset Management TeamFinancial Advisor and Bond Counsel procurement Track Bond Recycling and maintain ongoing relationship with CalHFATrain Project Managers on the bond process and how to determine competitiveness of a particular project; collaborate on Loan Eval assessmentPASS program management Lead; track issuances and funds deployed Liaison with OPF and CGOBOC and Capital Planning Manage final issuanceThird-party loan administrator performance and tracking Provide technical assistance and support to internal and external stakeholders:Participate in Credit Committee, Loan Committee, and Peer Review as appropriateLead Debt and Equity RFP review for the team; review Limited Partnership Agreements (LPAs)Hold Housing Finance Office Hours as appropriateIncrease partner agency capacity, especially BIPOC-led and BIPOC-serving organizations.Other ResponsibilitiesCultivate a positive and inclusive work environment and develop tools to measure outcomes with respect to organizational goals. Maintain a strong working knowledge of MOHCD, affordable housing finance programs, homeownership programs, economic trends, industry best practices and policies.Represent MOHCD before interagency committees, City boards and commissions, other organizations, and key stakeholders.
How to qualify
Positions in the 0903 classification are responsible for management and leadership of complex and interdisciplinary team activities requiring high level strategic, monitoring, planning, and data and evaluation capabilities. While supervised by the Deputy for Housing and Homeownership Programs, the Director of Housing Finance will collaborate closely with peers including the Directors of Homeownership Programs, Asset Management, Housing Development, Housing Placement and Preservation. Desired qualifications:A minimum of 10 years of relevant experience in affordable housing development and real estate finance, preferably in San Francisco.A minimum of 5 years of increasingly responsible experience effectively leading related work.Possession of a Master's degree from an accredited college or university in a field related to real estate development, planning, business, public policy, or finance.Direct experience in the development and financing of affordable housing assets including new construction and acquisition/rehabilitation.Direct experience with Federal, State and local governmental programs such as LIHTC, tax-exempt bonds, recycled bonds, taxable bonds, FHA Risk Sharing, HUD Section 8 Project-based and tenant-based vouchers, CDBG, HOME, CalHFA and HCD programs, and MOHCD programs, etc.Excellent collaboration skills and a demonstrated ability to successfully communicate, mentor, encourage, and inspire staff.Excellent verbal and written communication and strong interpersonal skills. Strong analytical, organizational, and quantitative skills.Experience and expertise prioritizing multiple assignments with competing needs and continually revising priorities as conditions change. Ability to work with minimum supervision in a team environment and to handle detail-oriented workKnowledge and experience managing enterprise risk, intermediate-level experience with information management systems; high proficiency with Microsoft Office applications including advanced ability with Excel including development of complex mortgage loan models and budget variance analyses.
What else should I know?
Online application available: Wednesday, September 2, 2026Filling Deadline - Friday, September 18, 2026 - 11:59 pmAdditional Information Regarding Employment with the City and County of San Francisco:Information About The Hiring ProcessConviction HistoryEmployee Benefits Overview Equal Employment Opportunity Disaster Service WorkerADA AccommodationVeterans PreferenceRight to WorkCopies of Application DocumentsDiversity StatementHOW TO APPLYApplications for City and County of San Francisco jobs are only accepted through an online process. Visit https://careers.smartrecruiters.com/CityAndCountyOfSanFrancisco1/ and begin the application process. • Select the "I'm Interested" button and follow instructions on the screen 7 Applicants may be contacted by email about this recruitment and, therefore, it is their responsibility to ensure that their registered email address is accurate and kept up-to-date. Also, applicants must ensure that email from CCSF is not blocked on their computer by a spam filter. To prevent blocking, applicants should set up their email to accept CCSF mail from the following addresses (@sfgov.org, @sfdpw.org, @sfport.com, @flysfo.com, @sfwater.org, @sfdph.org, @asianart.org, @sfmta.com, @sfpl.org, @dcyf.org, @first5sf.org, @famsf.org, @ccsf.edu, @smartalerts.info, and @smartrecruiters.com).Applicants will receive a confirmation email that their online application has been received in response to every announcement for which they file. Applicants should retain this confirmation email for their records. Failure to receive this email means that the online application was not submitted or receiveExam Analyst Information: If you have any questions regarding this recruitment or application process, please contact the exam analyst at Karen Henderson - karen.henderson@sfgov.org All City and County of San Francisco employees are designated Disaster Service Workers through state and local law (California Government Code Section 3100-3109). Employment with the City requires the affirmation of a loyalty oath to this effect. Employees are required to complete all Disaster Service Worker-related training as assigned, and to return to work as ordered in the event of an emergency.The City and County of San Francisco encourages women, minorities and persons with disabilities to apply. Applicants will be considered regardless of their sex, race, age, religion, color, national origin, ancestry, physical disability, mental disability, medical condition (associated with cancer, a history of cancer, or genetic characteristics), HIV/AIDS status, genetic information, marital status, sexual orientation, gender, gender identity, gender expression, military and veteran status, or other protected category under the law.