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Assistant Secretary for Housing-Federal Housing Commissioner Senior Underwriter in United States

Summary

This opportunity is also open to Status eligibles under Announcement 20-HUD-785. Please refer to that announcement for details on open period, eligibility, and how to apply.

There is one position to be filled. That one position may be filled in either of the following locations: Denver, CO or San Francisco, CA.

Responsibilities

As aSenior Underwriter, you will: Serve as the principal technical resource staff person for the Branch Chief, to provide advice and guidance on matters pertaining to statutory and regulatory requirements and other administrative directives.

Assume responsibility for each assigned project’s overall application, processing, construction, closing, management control, coordination and execution in accordance with HUD's published guidelines and guidance.

Serve as the primary point of contact for projects assigned with sponsor, Federal, state and local government agencies, congressional interests, other external organizations and higher authorities.

Assist and advises lenders and other professionals in structuring transactions so as to meet HUD requirements and Low Income Housing Tax Credit requirements.

Requirements

Conditions of Employment

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Please refer to "Conditions of Employment."

The 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.

The Office of Housing provides vital public services through its nationally administered programs. It oversees theFederal Housing Administration (FHA),the largest mortgage insurer in the world, and regulates important parts of the housing industry. The Office of Housing also helps ensure consumers can access housing counseling and provides affordable rental housing through its Multifamily housing program. The Office of Housing is committed to helping all Americans obtain safe, decent affordable housing.

The OfficeofMultifamily Housing is responsible for the overall management, development, direction and administration of HUD's Multifamily Housing Programs. HUD's Multifamily programs provide mortgage insurance to HUD-approved lenders to facilitate the construction, substantial rehabilitation, purchase and refinancing of multifamily housing projects. MFH is widely responsible forproduction,asset management and portfolio oversight, and recapitalization of assisted properties, and field operations. As part of the National Housing Act of 1934, Congress created the Federal Housing Administration (FHA) which later became a part of the Department of Housing and Urban Development's (HUD) Office of Housing in 1965.

Qualifications

You must meet the following requirements by the closing date of this announcement.Specialized experience: For the GS-13, you must have one year ofspecialized experience at a level of difficulty and responsibility equivalent to the GS-12 grade level in the Federal service. Specialized experience includes:

  • Providing interpretation and guidance regarding housing procedures, laws, and regulations related to multifamily housing development (5 or more apartment units, not condominiums), including multifamily loan origination, multifamily underwriting, or a related multifamily or commercial area; AND - Completing the underwriting functions of an application which would include multi-layered financing activities or multi-use facilities for a multifamily housing project; AND - Analyzing and resolving multifamily housing project issues relating to underwriting or loan origination; AND - Analyzing and defining financial risks, best investment, and credit structures for participation in multifamily transactions involving low income housing tax credits, section 8, HOME, SHIP, CDBG or other federal subsidies.

Education

Additional Information

  • We may select from this announcement or any other source to fill one or more vacancies.- Relocation expenses will not be paid.- This is a bargaining unit position.- This position is Non-Exempt from the Fair Labor Standards Act (FLSA).- HUD offers alternative and flexible work schedules.CONDITIONS OF EMPLOYMENT:- 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- 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.- Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.- 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.- Obtain and use a Government-issued charge card for business-related travel.HUD employees are subject to a number of government-wide and HUD specific ethics laws and regulations, including restrictions on outside employment. To review applicable ethics rules, please visit https://portal.hud.gov/hudportal/HUD?src=/programoffices/generalcounsel/ethics
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