Housing Finance (Various Classes) Consolidated Series
California State Personnel Board Specification
Series established July 2, 1981
Definition of Series
This consolidated series specification describes six levels of classes to be used by the California Housing Finance Agency involving professional, technical work in the Agency's Programs Division. The six levels of classes cover line responsibilities in any of a variety of functions in general housing finance or in specific program areas of housing finance, such as Homeownership Lending, Rental Lending, Local Government Services or Property Management. The Programs Division is responsible for the Agency's lending, loan purchasing, neighborhood designation, and loan insuring activities. This includes the mortgage loan underwriting, the monitoring of construction financed by the Agency and the monitoring of management and tenant selection for rental projects for the length of the mortgage.
Certain Agency Program areas have their own separate class(es) which are designated by the use of one or more of the specified levels followed by a parenthetical designation of the program specialty. Not every program specialty area will necessarily utilize all the levels contained in this consolidated series specification. Each program area will use only the class(es) which appropriately describe the type and level of work performed and the duties and responsibilities assigned to positions.
Depending upon such factors as background of the incumbent, variety of duties of the position, and management's use of the position, a certain number of parenthetical (General) positions may be used at the lower levels where a particular occupational specialty class would not be appropriate, and where the position's duties and responsibilities are of a more general nature in the area of housing finance.
Factors Affecting Position Allocation
Variety and complexity of duties; initiative and independence of action; program responsibilities; impact of decisions and effect of activities on major agency programs; geographical dispersion of program responsibility; sensitivity and consequence of error associated with the work (e.g., risk inherent in decisions); the level of specialized, technical expertise required in the program area; and the degree of supervision received and exercised. Supervision and size of staff should not be an absolute criterion in allocating positions.
Definition of Levels
Housing Finance Trainee (General)
This is the training and developmental class for persons qualified to perform technical, analytical work in one or more broad program areas within the California Housing Finance Agency. Under close supervision and in accordance with established procedure, incumbents learn and perform increasingly difficult duties in housing finance.
Housing Finance Assistant (Various Classes)
This is the first journey level wherein incumbents perform technical, analytical work of average difficulty, usually by having responsibility for the less complex projects or for assisting on phases of more complex projects. Positions at this level have very limited authority for making decisions that commit the Agency to a specific course of action. Positions are permanently assigned to this level when the major functions of the position do not include the more responsible, varied, and difficult assignments found at the full journeyperson level of Housing Finance Associate (Various Classes).
Housing Finance Associate (Various Classes)
This is the full journey level for this series for difficult housing finance work. Under general supervision and guidelines, incumbents work independently in the performance of responsible, varied and technical housing finance activities. Positions at this level have limited decision-making authority, but may make recommendations to higher level personnel.
Housing Finance Specialist (Various Classes)
This is the advanced journey/technical adviser level within this series. Under minimum direction, incumbents at this level are assigned the more complex, sensitive and higher risk projects requiring a high level of judgment and expertise. They are also responsible for assisting higher level CHFA personnel by independently developing policy and program recommendations. In addition, they may provide guidance and direction to lower level Housing Finance staff and review their work.
Housing Finance Officer (Various Classes)
This is the highest level program expert within a specified agency program such as Rental, Local Government Services, and Affirmative Action. Positions at this level have broad administrative and technical responsibilities for developing and administering program policies and procedures. Positions also have responsibility for an agency function having significant impact and involving work of the most critical or sensitive nature as it relates to the Agency's primary mission. Such responsibility requires skills and knowledge at the highest level within the particular program specialty. Incumbents may supervise lower level technical staff.
Housing Finance Chief (Various Classes)
This is the Program Chief level within the California Housing Finance Agency's Programs Division. Under administrative direction, incumbents plan, direct, supervise and administer the staff, program, and operations of one of the Agency's five major Programs: Rental Lending North, Rental Lending South, Single Family, Construction Services, and Management Services.
Class History
Scope for Housing Finance
(Affirmative Action) Classes
Positions allocated to the classes of Housing Finance Associate and Specialist (Affirmative Action) assist in implementing CHFA's affirmative action responsibilities in its lending activities. Incumbents assist developers and contractors in preparing affirmative action programs for the utilization of minority apprentices, journeypersons, and contractors on CHFA-financed housing projects; monitor and evaluate the implementation of such affirmative action programs; assist minority groups in the placement of apprentices and craftsperson on CHFA-financed projects; assist minority contractors and contractors' organizations in identifying business opportunities and to provide technical assistance to insure the maximum utilization of such business; interpret the affirmative action goals of the Agency to minority communities; interpret and implement State and Federal requirements and equal employment loans; conduct preconstruction conferences with contractors and subcontractors; tabulate and report data on minority utilization.
Under administrative direction of the Director, Programs, the Officer level position is responsible for formulating policies for and planning, organizing, developing and administering a statewide program for increasing Agency outreach for minority participation on the part of contractors and the development team of housing projects financed by CHFA; developing methods for ensuring compliance with State and Federal affirmative action standards with regard to minority participation in housing projects; developing apprenticeship and training programs; and supervising staff working in the area of affirmative action in housing.
Minimum Qualifications for
Housing Finance (Affirmative Action) Classes
Housing Finance Associate (Affirmative Action)
Either I
One year in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Assistant.
Or II
Experience: One year of progressively responsible technical experience in at least two of the following areas: community organizations, affirmative action or contract compliance. and
Either:
One year of technical experience in a housing-related program; or
One year of experience in housing construction.
(A Master's Degree in Business, Government, Labor Relations or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably with a degree in business, government, labor relations or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Housing Finance Specialist (Affirmative Action)
Either I
One year in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Associate.
Or II
Experience: Two years of progressively responsible technical experience in at least two of the following areas: community organization, affirmative action or contract compliance. and
Either:
One year of technical experience in a housing-related program; or
One years of experience in housing construction.
(A Master's Degree in Business, Government, Labor Relations or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably with a degree in business, government, labor relations or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Housing Finance Officer (Affirmative Action)
Either I
One year in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Specialist.
Or II
Experience: Five years of experience in the design, implementation, and administration of programs in any combination of the following: affirmative action in employment, affirmative action in construction, affirmative marketing, or contract compliance, at least two years of which must have been in the area of housing or residential construction. (A Master's Degree in Business, Government, Labor Relations or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably with a degree in business, government, labor relations or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Knowledge and Abilities for
Housing Finance (Affirmative Action) Classes
All Levels:
Knowledge of: Purposes, policies, and operations of the California Housing Finance Agency; general aspects of the construction industry, including construction techniques and terminology; State and Federal affirmative action requirements relating to housing and construction; affirmative action principles and practices; minority and other group resources.
Ability to: Independently develop programs and develop courses of action to achieve equal opportunity in housing goals; effectively relate to and negotiate with housing developers, sponsors, contractors, labor representatives, community groups, and governmental agencies involved in housing; establishes effective liaison with minority community groups; work independently; speak before groups of contractors and subcontractors at preconstruction conferences; tabulate data and write clear and accurate reports.
Housing Finance Specialist (Affirmative Action)
Knowledge of: All of the above.
Ability to: In addition to the above, direct and review the work of others.
Housing Finance Officer (Affirmative Action)
Knowledge of: In addition to the above, current construction trade union policies; residential construction contracting practices; real estate development issues; divisions of the labor law, particularly as they relate to affirmative action considerations, hiring, and related factors; prevailing wage legislation; purposes and procedures of affirmative action plans, affirmative marketing programs, and apprenticeship and training programs; principles of personnel management and supervision.
Ability to: In addition to the above, represent the Agency and independently develop programs and develop courses of action to achieve affirmative action program goals; plan and direct the work of others; establish effective working relationships with those contacted on the job; nurture business relationships between large and small business concerns; negotiate agreements to implement apprenticeship programs; understand and converse with members of the housing industry; gain the respect of others both internally and externally to enforce compliance with CHFA affirmative action standards; speak and write effectively.
Desirable Qualifications for
Housing Finance (Affirmative Action) Classes
Housing Finance Officer (Affirmative Action)
Experience: At least one year of nongovernmental experience in the area of housing or residential construction.
Special Personal Characteristics for
Housing Finance (Affirmative Action) Classes
All Levels:
Tact and persuasive skills in dealing with people; demonstrated interest in and enthusiasm for affirmative action programs; willingness to travel and to work irregular hours.
Scope for Housing Finance
(Construction Services) Classes
Positions allocated to the Housing Finance (Construction Services) classes perform duties related to controlling the construction phase of projects financed by the California Housing Finance Agency. Incumbents are involved in administering the construction and development, from loan closing through final inspection, of housing projects financed by the CHFA, and guaranteeing the proper maintenance of the physical property of the projects from completion of the construction through the term of the mortgage; meeting with developers, contractors, and representatives of funding sources to explain and obtain agreement with the Agency's development control procedures; providing advice and making recommendations on construction operations; negotiating changes in construction plans, and determining how to finance proposed changes, if construction or financing problems cannot be resolved, recommending that corrective measures be taken, including legal action if necessary; reviewing and accepting cost certifications; assuring that latent defects are corrected prior to the expiration of warranties and guarantees; preparing correspondence and reports.
The incumbent in the Housing Finance Chief class is responsible for planning, directing, supervising and administering the class, program and operations of the Construction Services Division, including development control, field inspection and cost estimation.
Minimum Qualifications for
Housing Finance (Construction Services) Classes
Housing Finance Assistant (Construction Services)
Either I
In California state service, one year of experience performing duties at a level of responsibility not less than that of a Housing Finance Trainee.
Or II
Experience: One year of experience performing technical work in the field of construction financing and document management which includes one or a combination of the following: construction period disbursements, insurance processing, lien and title report analysis, construction document analysis, and preliminary notice review. and
Education: Equivalent to graduation from college, preferably with specialization in public or business administration, accounting, or economics. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of education.)
Housing Finance Associate (Construction Services)
Either I
One year in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Assistant.
Or II
Experience: Two years of experience in the construction of multiunit housing projects providing knowledge of housing finance, cost estimating, and construction operations, including the processing of construction change orders. (A Master's Degree in Engineering or Building Construction or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably with major work in engineering or building construction, or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Housing Finance Officer (Construction Services)
Either I
One year in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Specialist.
Or II
Experience: Five years of experience in the construction of multiunit housing projects, at least one year of which must have been in a managerial or supervisory capacity and which has provided thorough knowledge of housing finance, cost estimating, and the processing of construction change orders. (A Master's Degree in Engineering, Building Construction or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably with major work in engineering or building construction or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Housing Finance Chief (Construction Services)
Either I
One year of experience in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Officer.
Or II
Experience: Broad and extensive (more than five years) managerial experience in the construction of multiunit housing projects which has provided thorough knowledge of housing finance, cost estimating, and the processing of construction change orders. (A Master's Degree in Engineering, Building Construction, Business Administration or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably with major work in engineering or building construction or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Knowledge and Abilities for
Housing Finance (Construction Services) Classes
All Levels:
Knowledge of: Purposes, programs, and procedures of the California Housing Finance Agency; construction financing and document management; insurance processing; principles, methods and processes involved in cost estimates, building design, financing, and construction of housing projects, properties and uses of the materials of building construction; building specifications, particularly those involving multiunit dwellings; the administration of large construction operations; environmental approval processes.
Ability to: Analyze information and situations accurately, draw conclusions, and take effective action; identify, evaluate and work out the construction problems of contractors, owners and developers, particularly financing-related problems developing during the construction phase of projects; detect faulty and improper materials and workmanship in building and allied construction; establish and maintain cooperative working relationships with those contacted in the work; communicate effectively, both orally and in writing.
Housing Finance Officer (Construction Services)
Knowledge of: In addition to the above, principles of labor relations, including Davis-Bacon; legal aspects of construction contract enforcement; principles, practices, and techniques of business administration, personnel management and supervision.
Ability to: In addition to the above, plan, organize and direct the work of others.
Housing Finance Chief (Construction Services)
Knowledge of: In addition to the above, the Agency's Affirmative Action Program objectives; a manager's role in the Affirmative Action Program and the processes available to meet affirmative action objectives.
Ability to: In addition to the above, effectively contribute to the Agency's affirmative action objectives.
Desirable Qualifications for
Housing Finance (Construction Services) Classes
Housing Finance Officer
Housing Finance Chief (Construction Services)
Experience: At least one year of nongovernmental experience in the construction of multiunit housing projects.
Scope for Housing Finance (General) Class
Positions allocated to the Housing Finance (General) classes are assigned to technical, analytical work in one or more broad program areas within the California Housing Finance Agency. Incumbents perform duties involving the following: analyze and present ideas on a broad range of housing finance programs; develop and present clear, complete and concise proposals with regard to housing finance-related activities; evaluate current Agency programs and make recommendations for improvement, carry out research studies leading to the design of new Agency programs; prepare reports and make recommendations to CHFA executive staff.
Minimum Qualifications for
Housing Finance (General) Classes
Housing Finance Trainee (General)
Either I
Six months of experience within the California Housing Finance Agency performing housing finance-related duties at a level of responsibility not less than that of a Management Services Technician (Range B).
Or II
Experience: One year of experience within the California Housing Finance Agency performing the duties of a class comparable to that of Office Technician. and
Education: Twelve semester or 18 quarter units of college courses, preferably in planning, economics, business, government, finance, or a related field.
Or III
Education: Equivalent to graduation from college with a degree in planning, economics, business, government, finance or a related field.
Or IV
Experience: Two years of experience in housing or real estate economics, such as real estate transactions, mortgage finance or construction finance transactions; housing construction, development or rehabilitation; property management; or residential planning. and
Education: Equivalent to graduation from high school.
Housing Finance Assistant (General)
Either I
In California state service, one year of experience performing housing finance-related duties at a level of responsibility not less than that of a Housing Finance Trainee.
Or II
Experience: One year of experience in housing or real estate economics, such as real estate transactions, mortgage finance or construction finance transactions; housing construction, development or rehabilitation; property management; or residential planning. and
Education: Equivalent to graduation from college, preferably with a degree in planning economics, business, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Housing Finance Associate (General)
Either I
In California state service, one year of experience performing housing finance-related duties at a level of responsibility not less than that of a Housing Finance Assistant.
Or II
Experience: Two years of experience in housing or real estate economics, such as real estate transactions, mortgage finance or construction finance transactions; housing construction, development or rehabilitation; property management; or residential planning. and
Education: Equivalent to graduation from college, preferably with a degree in planning, economics, business, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Housing Finance Specialist (General)
Either I
In California state service, one year of experience performing housing finance-related duties at a level of responsibility not less than that of a Housing Finance Associate.
Or II
Experience: Three years of experience in housing or real estate economics, such as real estate transactions, mortgage finance or construction finance transactions; housing construction, development or rehabilitation; property management; or residential planning. and
Education: Equivalent to graduation from college, preferably with a degree in planning, economics, business, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Knowledge and Abilities for
Housing Finance (General) Classes
Housing Finance Trainee (General)
Knowledge of: The basic functions and organization of the California Housing Finance Agency.
Ability to: Learn and perform the technical aspects of housing finance activities, reason logically and creatively to perform a variety of analytical tasks; analyze and present ideas and information effectively both orally and in writing; consult with others on a wide variety of housing finance matters; gain and maintain the confidence and cooperation of those contacted during the course of the work; and perform various calculations with regard to mortgage financing.
Housing Finance Assistant
Housing Finance Associate (General)
Knowledge of: In addition to the above, basic housing finance methods, principles, procedures and terminology; purposes, policies and operations of the California Housing Finance Agency.
Ability to: In addition to the above, perform research and analytical studies with regard to Agency program operations; develop and present clear, complete and concise proposals with regard to housing finance programs.
Housing Finance Specialist (General)
Knowledge of: In addition to the above, a variety of housing finance programs and mechanisms, including Section 8, FHA and VA financing; single family and/or multifamily residential lending requirements; factors which affect the cost, value, and marketability of property; and research methods and techniques.
Ability to: In addition to the above, evaluate current Agency program operations and make recommendations for improvement; plan and carry out research studies lending to the design of new Agency programs; prepare reports and make recommendations to Agency executive staff; and direct and review the work of others.
Scope for Housing Finance (Management Services) Classes
Positions allocated to the classes of Housing Finance (Management Services) directly monitor the following with respect to housing developments financed by the CHFA: maintenance, fiscal management, tenant relations, affirmative marketing requirements, relocation requirements and Federal housing assistance payment (Section 8) process. Incumbents monitor the fiscal management operations of rental housing developments financed by the California Housing Finance Agency to assure that the projects are viable, fiscally sound and desirable to the rental market for the term of the Agency's mortgage; secure and analyze periodic operating statements from the management of these projects; maintain accurate and current reporting systems on operating expenses for Agency-financed projects in potential or actual default; supply the Agency's Mortgage Lending Divisions and other interested parties with current estimates of costs of management items such as utilities, management fees, taxes, insurance, elevator maintenance, landscaping, etc.; make periodic visits to projects to assess the project management's fiscal control capability and the quality of maintenance; visit projects frequently during rent-up to assure that occupancy is on schedule; monitor project operations to assure that occupancy levels are appropriate and that Federal subsidy requirements and Agency rules and regulations are met, such as affirmative marketing requirements; prepare correspondence and reports.
Minimum Qualifications for
Housing Finance (Management Services) Classes
Housing Finance Associate (Management Services)
Either I
One year in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of Housing Finance Assistant.
Or II
Experience: Two years of experience in the fiscal management of real property, including budgeting, hiring, purchasing and accounting for profitability of projects, for a sponsor, developer, or owner of rental housing, including at least one year of experience in the management of housing developments with more than 100 apartment units. (A Master's Degree in Planning, Economics, Business, Government, Finance or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably with a degree in planning, economics, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Housing Finance Specialist (Management Services)
Either I
One year in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of Housing Finance Associate.
Or II
Experience: Three years of experience in the fiscal management of real property, including budgeting, hiring, purchasing and accounting for profitability of projects, for a sponsor, developer, or owner of rental housing, including at least one year of experience in the management of housing developments with more than 100 apartment units. (A Master's Degree in Planning, Economics, Business, Government, Finance or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably with a degree in planning, economics, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Housing Finance Officer (Management Services)
Either I
One year in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of Housing Finance Specialist.
Or II
Experience: Five years of experience in the fiscal administration of real property, including budgeting, hiring, purchasing and accounting for profitability of projects, for a sponsor, developer or owner of rental housing, which must have included at least one year of experience in the fiscal administration of housing developments with more than 100 apartment units. (At least two years of this experience must have been in a supervisory capacity over other property managers.) (A Master's Degree in Planning, Economics, Business, Government, Finance or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably with a degree in planning, economics, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Housing Finance Chief (Management Services)
Either I
One year of experience in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Officer.
Or II
Experience: Broad and extensive (more than five years) responsible managerial or administrative experience in the field of housing, at least three years of which must be in the administration of multiunit property management which includes complexes with at least 100 units each. (A Master's Degree in Planning, Economics, Business, Government, Finance or related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college preferably with a degree in planning, economics, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Knowledge and Abilities for
Housing Finance (Management Services) Classes
Housing Finance Associate (Management Services)
Knowledge of: The operations of the California Housing Finance Agency; purposes and procedures of affirmative marketing programs and housing management systems; provisions of landlord tenant law and grievance procedures; construction, design, and engineering of housing; legal aspects of construction; contract enforcement; applicable laws, rules, or regulations governing relocation; resources of the housing market with particular emphasis on assistance available to low and moderate income families and individuals; management contracts, leases, and subsidy contracts; rent-up processes; income certification and verification; property management standards and procedures; fiscal control procedures, including budgeting, hiring, and reporting to management; cost of management of real property, including staff, utilities, fees, materials, supplies; HUD property management requirements, in particular with respect to Section 8.
Ability to: Analyze information and situations accurately, draw sound conclusions, and take effective action; identify, evaluate and work out the construction problems of contractors, owners and developers, particularly property management-related problems developed in construction and identification of latent defects; establish and maintain cooperative working relationships with those contacted in the work; communicate effectively, both orally and in writing.
Housing Finance Specialist (Management Services)
Knowledge of: All of the above.
Ability to: In addition to the above, direct and review the work of others.
Housing Finance Officer (Management Services)
Knowledge of: All of the above.
Ability to: In addition to the above, supervise the work of others.
Housing Finance Chief (Management Services)
Knowledge of: In addition to the above, the Agency's affirmative action program objectives; a manager's role in the affirmative action program and the processes available to meet affirmative action objectives.
Ability to: In addition to the above, supervise the work of others; effectively contribute to the Agency's affirmative action objectives.
Desirable Qualifications for
Housing Finance (Management Services) Classes
Housing Finance Officer
Housing Finance Chief (Management Services)
Experience: At least one year of nongovernmental experience in the fiscal administration of rental housing.
Additional Desirable Qualifications for
Housing Finance (Management Services) Classes
Housing Finance Associate (Management Services)
Experience in the fiscal administration of both subsidized and conventional rental housing and an advanced degree in accounting or a related field.
Special Personal Characteristics for
Housing Finance (Management Services) Classes
Housing Finance Associate (Management Services)
Tact and keenness of observation; willingness to travel and work irregular hours.
Scope for Housing Finance (Rental) Classes
Positions allocated to the Housing Finance (Rental) classes are assigned technical lending related responsibilities with regard to the Agency's financing of rental projects involving new construction or substantial rehabilitation. Incumbents perform duties related to loan underwriting which involve: performing real estate transactions,including escrows, insurance processing, subsidy processing, and environmental reviews; evaluating mortgage loan proposals submitted to the Agency for a variety of residential units, including multifamily and mixed income and related commercial facilities; determining that proposals adhere to CHFA program and mortgage lending standards; analyzing proposals for their economic feasibility to insure that construction and operating costs may be met by proposed rent levels; analyzing the existing rental market to determine if proposed rents are appropriate and that occupancy will be maintained; visiting proposed sites to perform appraisals and valuations; determining economic and environmental impact of developments; and evaluating credit reports, financial reports and other similar sources of information regarding potential developers. Incumbents in these classes also assist potential developers in resolving problems relating to proposed residential developments; prepare and analyze project cash flow projections; meet and negotiate with developers, banks and others involved in the Agency's mortgage lending operations; present loan proposals to the Agency's Board of Directors; and provide expertise and guidance to staff in developing mortgage lending and residential building standards.
Minimum Qualifications for
Housing Finance (Rental) Classes
Housing Finance Assistant (Rental)
Either I
In California state service, one year of experience performing duties at a level of responsibility not less than that of a Housing Finance Trainee.
Or II
Experience: One year of experience performing technical work in the field of mortgage document transactions which includes one or a combination of the following: real estate and/or escrow transactions not limited to title work; single or multifamily loan packaging; the review and processing of mortgage applications. and
Education: Equivalent to graduation from college, preferably with specialization in public or business administration, accounting, or economics. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of education.)
Housing Finance Associate (Rental)
Either I
One year of experience in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Assistant.
Or II
Experience: Two years of experience performing technical work in the field of mortgage underwriting which must have involved underwriting for multiunit projects (at least 100 units). (A Master's Degree in Planning, Economics, Business, Government, Finance or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably in planning, economics, business, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college.)
Housing Finance Specialist (Rental)
Either I
One year of experience in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Associate.
Or II
Experience: Three years of experience performing technical work in the field of mortgage underwriting which must have included underwriting for multiunit projects (at least 100 units). (A Master's Degree in Planning, Economics, Business, Government, Finance or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably in planning, economics, business, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college.)
Housing Finance Officer (Rental)
Either I
One year of experience in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Specialist.
Or II
Experience: Five years of mortgage loan experience, including one year of responsibility at the management level in a commercial bank, mortgage bank, savings and loan association, State housing finance agency, or in a closely related institution, one year of which must have involved multiunit mortgage loan experience. (A Master's Degree in Planning, Economics, Business, Government, Finance or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably in planning, economics, business, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Housing Finance Chief (Rental)
Either I
One year of experience in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Officer.
Or II
Experience: Broad and extensive (more than five years) responsible mortgage loan experience, including two years of responsibility at the management level for originating, purchasing, guaranteeing or issuing loans, at least one year of this experience must have involved multiunit mortgage loans. (A Master's degree in Planning, Economics, Business, Government, Finance or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably in planning, economics, business, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Knowledge and Abilities for
Housing Finance (Rental) Classes
All Levels:
Knowledge of: The policies and operations of the California Housing Finance Agency; real estate transactions, including appraisal and property evaluation techniques; the mortgage loan market and basic mortgage loan procedures, especially multiunit dwelling commercial and conventional loan procedures; methods, principles, terminology used in appraising, buying, selling, financing, leasing, repossessing, and managing real property; factors affecting property values and real estate trends; mortgage credit requirements; local rental markets; and affirmative marketing procedures and policies.
Ability to: Perform various calculations with regard to mortgage financing; analyze data and draw sound conclusions; prepare clear, complete and concise reports; establish and maintain cooperative relationships with others; analyze income property feasibility; speak and write effectively.
Housing Finance Specialist (Rental)
Knowledge of: All of the above.
Ability to: In addition to the above, direct and review the work of others.
Housing Finance Officer (Rental)
Knowledge of: In addition to the above, Federal subsidy programs.
Ability to: In addition to the above, negotiate agreements with developers; keep current with mortgage market; prepare and present complete, concise and clear loan proposals; supervise the work of others.
Housing Finance Chief (Rental)
Knowledge of: In addition to the above, principles and practices of business administration, personnel management and supervision; regulations relating to the investment of public funds; the Agency's affirmative action program objectives; a manager's role in the affirmative action program and the processes available to meet affirmative action objectives.
Ability to: In addition to the above, plan, organize and direct the work of others; effectively deal with politically sensitive issues surrounding mortgage loan proposals; effectively contribute to the Agency's affirmative action objectives.
Desirable Qualifications for
Housing Finance (Rental) Classes
Housing Finance Officer (Rental)
Housing Finance Chief (Rental)
Experience: At least one year of nongovernmental experience in the mortgage lending field.
Scope for Housing Finance (Single Family) Classes
Positions allocated to the Housing Finance (Single Family) classes are involved in the financing of insured or guaranteed mortgage and home improvement loans within the Single Family Division. Incumbents perform duties related to examining, approving, closing, and servicing of single family mortgage loans to be financed by the CHFA. Incumbents ensure that loan submissions are complete and accurate; maintain contact with lenders; conduct market studies, including real estate and neighborhood appraisals; analyze existing real estate markets to determine market demand prices, terms, and conditions to be made applicable to CHFA lending programs; audit and evaluate lender performance and make recommendations; maintain loan reservation system; supervise and manage acquired properties; make policy recommendations; and prepare and present oral and written communications. Higher level staff also design and analyze mortgage lending standards for CHFA mortgage purchase operations; meet with and negotiate arrangements and contracts between CHFA and private lenders; and participate in the administration of CHFA mortgage purchase operations.
Minimum Qualifications for
Housing Finance (Single Family) Classes
Housing Finance Associate (Single Family)
Either I
One year of experience in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Assistant.
Or II
Experience: Two years of experience performing technical work in the field of mortgage underwriting. (A Master's Degree in Planning, Economics, Business, Government, Finance or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably with a degree in planning, economics, business, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Housing Finance Specialist (Single Family)
Either I
One year of experience in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Associate.
Or II
Experience: Three years of experience performing technical work in the field of mortgage underwriting. (A Master's Degree in Planning, Economics, Business, Government, Finance or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably with a degree in planning, economics, business, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Housing Finance Officer (Single Family)
Either I
One year of experience in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Specialist.
Or II
Experience: Five years of mortgage loan experience, including one year of responsibility at the management level in a commercial bank, mortgage bank, savings and loan association, State housing finance agency, or in a closely related institution. (A Master's Degree in Planning, Economics, Business, Government, Finance or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably with a degree in urban planning, economics, business, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Housing Finance Chief (Single Family)
Either I
One year of experience in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of a Housing Finance Officer.
Or II
Experience: Broad and extensive (more than five years) responsible mortgage loan experience including two years of responsibility at the management level for originating, purchasing guaranteeing or issuing loans. (A Master's Degree in Planning, Economics, Business, Government, Finance or a related field may be substituted for one year of the required experience.) and
Education: Equivalent to graduation from college, preferably with a degree in urban planning, economics, business, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)
Knowledge and Abilities for
Housing Financial (Single Family) Classes
All Levels:
Knowledge of: The mortgage loan market and basic single family dwelling mortgage loan procedures, including FHA and VA requirements; methods, principles and terminology used in appraising, buying, selling, financing, leasing, repossessing, and managing real property; factors affecting property values and real estate trends; mortgage credit requirements; foreclosure procedures.
Ability to: Perform various calculations with regard to mortgage financing; analyze data and draw sound conclusions; negotiate mortgage loan purchases; prepare clear, complete, and concise reports; establish and maintain cooperative relationships with others; speak and write effectively.
Housing Finance Specialist (Single Family)
Knowledge of: All of the above.
Ability to: In addition to the above, direct and review the work of others.
Housing Finance Officer (Single Family)
Knowledge of: All of the above.
Ability to: In addition to the above, keep current with mortgage market; prepare and present complete, concise and clear loan proposals; supervise the work others.
Housing Fiance Chief (Single Family)
Knowledge of: In addition to the above, the policies and operations of California Housing Finance Agency; investments as made by institutional investors and purchasers of real estate syndication; principles and practices of business administration, personnel management and supervision; regulations relating to the investment of public funds; Federal subsidy program; the Agency's Affirmative Action Program objectives; a manager's role in the Affirmative Action Program and the processes available to meet affirmative action objectives.
Ability to: In addition to the above, locate and analyze statistical data affecting cost, value and marketability of residential, commercial and income properties, and draw sound conclusions; negotiate agreements with developers, banks or institutions supplying or servicing mortgage loans; determine economic feasibility of applications submitted by local jurisdictions for assistance; analyze income property feasibility; plan, organize and direct the work of others; take effective action; communicate effectively both orally and in writing; and deal with politically sensitive issues regarding the HOHI program; effectively contribute to the Agency's affirmative action objectives.
Desirable Qualifications for
Housing Finance (Single Family) Classes
Housing Finance Officer
Housing Finance Chief (Single Family)
Experience: At least one year of nongovernmental experience in the mortgage lending field.
