Multifamily Housing Finance Associate (Remote Flexibility), Abt Associates, Rockville, MD
Abt Associates -
Rockville, MD,
US
Multifamily Housing Finance Associate (Remote Flexibility)
Date Posted: 2024-06-11
Job description
Job Description
The World at Abt
Solving the world's most pressing issues and improving the quality of life for people worldwide is what we strive to do every day at Abt Global. Creating a more equitable world is no small task, but we are driven by big challenges.
We are a team of 4,000+ people in over 50 countries working in unison and focused on the bigger picture of helping to improve the lives of people around the world. Only by sharing our commitment and energy do we affect change and push the boundaries of what's possible. We welcome and are inclusive of diverse ideas, backgrounds, and viewpoints-joining Abt means gaining access to exceptional thinkers at the top of their game.
To thrive at Abt is to embrace flexibility and collaboration. Our open culture allows you to balance your work and personal life as needed to optimize personal well-being.
Creating a more equitable world starts from within-we prioritize the well-being of our team members and continuously examine our internal policies and work environment so that staff can balance their work and personal life.
Ready to embrace rewarding and meaningful work? Now's your chance.
The Opportunity
Abt seeks an Associate in our Technical Assistance and Implementation team to support the U.S. Department of Housing and Urban Development (HUD)-funded Green and Resilient Retrofit Program (GRRP). The program provides HUD-assisted multifamily housing property owners with capital resources to reduce carbon emissions, make utility efficiency improvements, incorporate renewable energy, and make their properties more resilient against the effects of climate hazards.
As one of HUD's Multifamily Assessment Contractors, Abt will serve as the liaison between HUD and the property owner, assisting the property owner through the GRRP process: (1) Initial Property Desk Review; (2) Owner and Resident Engagement and Planning; (3) GRRP Property Assessments; (4) Phase II Environmental Site Assessment Report; (5) Development of the GRRP Scope of Work; (6) Development of the Transaction Plan; and (7) GRRP Transaction Closing Support. The position is contingent upon the activity's award and HUD approval.
Core Responsibilities
The Multifamily Housing Finance Associate will support GRRP property owners to develop a financial plan for accomplishing the GRRP scope of work; the GRRP Transaction Plan and provide GRRP closing support.
Key responsibilities may include:
What We Value
What We Offer
We foster an environment where you can Thrive Your Way. Our innovative total rewards programs are designed to help balance your work and personal life. The approach toward your wellbeing centers around comprehensive benefits, flexible schedules, and professional development.
Abt Global is an Affirmative Action/Equal Opportunity employer committed to fostering a diverse workforce. Abt Global provides market-competitive salaries and comprehensive employee benefits. Local candidates are strongly encouraged to apply.
This position offers an anticipated annual base salary range of approximately $105,000 - 168,000 and may vary by ten percent depending on candidate geographic location. Salary offers are made based on internal equity and market analysis.
Disclaimer: Abt Global will never ask candidates for money in exchange for an offer of employment.
#LI-TS1 #LI-Remote #LI-Hybrid
The World at Abt
Solving the world's most pressing issues and improving the quality of life for people worldwide is what we strive to do every day at Abt Global. Creating a more equitable world is no small task, but we are driven by big challenges.
We are a team of 4,000+ people in over 50 countries working in unison and focused on the bigger picture of helping to improve the lives of people around the world. Only by sharing our commitment and energy do we affect change and push the boundaries of what's possible. We welcome and are inclusive of diverse ideas, backgrounds, and viewpoints-joining Abt means gaining access to exceptional thinkers at the top of their game.
To thrive at Abt is to embrace flexibility and collaboration. Our open culture allows you to balance your work and personal life as needed to optimize personal well-being.
Creating a more equitable world starts from within-we prioritize the well-being of our team members and continuously examine our internal policies and work environment so that staff can balance their work and personal life.
Ready to embrace rewarding and meaningful work? Now's your chance.
The Opportunity
Abt seeks an Associate in our Technical Assistance and Implementation team to support the U.S. Department of Housing and Urban Development (HUD)-funded Green and Resilient Retrofit Program (GRRP). The program provides HUD-assisted multifamily housing property owners with capital resources to reduce carbon emissions, make utility efficiency improvements, incorporate renewable energy, and make their properties more resilient against the effects of climate hazards.
As one of HUD's Multifamily Assessment Contractors, Abt will serve as the liaison between HUD and the property owner, assisting the property owner through the GRRP process: (1) Initial Property Desk Review; (2) Owner and Resident Engagement and Planning; (3) GRRP Property Assessments; (4) Phase II Environmental Site Assessment Report; (5) Development of the GRRP Scope of Work; (6) Development of the Transaction Plan; and (7) GRRP Transaction Closing Support. The position is contingent upon the activity's award and HUD approval.
Core Responsibilities
The Multifamily Housing Finance Associate will support GRRP property owners to develop a financial plan for accomplishing the GRRP scope of work; the GRRP Transaction Plan and provide GRRP closing support.
Key responsibilities may include:
- Assisting the GRRP property owner to develop a financing and transaction structure to accomplish the work in the GRRP scope of work and shall work with the owner to develop a transaction plan, including a final underwriting model.
- Helping the GRRP property owner to identify and explore funding sources by conducting foundational research on financing options (including local, state, and other federal sources) that meet the owner's requirements, presenting the pros/cons of the options, and offering guidance to the owner.
- Addressing financing questions during the owner's bid solicitation process to identify contractors to complete the proposed GRRP scope of work.
- Developing a transaction plan for the GRRP property which will describe the final sources and use of funds. The finance-related elements of the transaction plan include: (1) Replacement Reserve Analysis; (2) Sources and Uses of Funds; (3) Operating Pro-Forma; (4) Draw schedule; and (5) Letters of Commitment for Other Financing.
- Reviewing all funding commitments from the owner.
- Determining if revisions to the scope of work are needed due to funding challenges.
- Ensuring that the owner is conducting all resident meetings and post-assessment meetings with residents.
What We Value
- Masters + 7 years of relevant experience, or PhD + 4 years of relevant experience.
- 10 years of experience with multifamily housing finance programs, such as Section 8 Project-Based Rental Assistance, Rental Assistance Demonstration, LIHTC, Section 202 of the Housing Act, Section 811 Project Rental Contract, and Section 236 of the National Housing Act.
- Experience with the loan closing process for HUD-assisted multi-family housing programs, including preparing closing packages, for HUD-assisted multifamily housing projects (preferred, but not required).
- Ability to work collaboratively with an interdisciplinary team.
- Ability to lead and coordinate the work of early- and mid-career staff with more senior experts.
- Ability to work independently with minimal guidance and to meet deadlines.
- Excellent interpersonal, communication, customer relationship skills.
- Strong commitment to Abt's values and its mission to improve health and well-being for people worldwide, and to Abt's commitment to centering equity as the cornerstone of our identity.
- Strong knowledge of HUD-assisted multi-family housing programs, policies, and regulations.
What We Offer
We foster an environment where you can Thrive Your Way. Our innovative total rewards programs are designed to help balance your work and personal life. The approach toward your wellbeing centers around comprehensive benefits, flexible schedules, and professional development.
Abt Global is an Affirmative Action/Equal Opportunity employer committed to fostering a diverse workforce. Abt Global provides market-competitive salaries and comprehensive employee benefits. Local candidates are strongly encouraged to apply.
This position offers an anticipated annual base salary range of approximately $105,000 - 168,000 and may vary by ten percent depending on candidate geographic location. Salary offers are made based on internal equity and market analysis.
Disclaimer: Abt Global will never ask candidates for money in exchange for an offer of employment.
#LI-TS1 #LI-Remote #LI-Hybrid