Travis County, TX
Corporations Managing Director
Travis County, TX, Austin, Texas, us, 78716
Salary:
$86,761.41 - $124,068.00 Annually
Location :
Austin, TX
Job Type:
Full Time
Remote Employment:
Flexible/Hybrid
Job Number:
24-08893
Department:
Planning And Budget
Opening Date:
09/26/2024
Closing Date:
11/26/2024 8:00 AM Central
Job Summary
Under general direction from the Board of Directors, provides policy direction and staff supervision for the Travis County Corporations; including Travis County Housing Finance Corporation, Travis County Health Facilities Development Corporation, Travis County Capital Industrial Development Corporation, Travis County Development Authority and Travis County Cultural Education Facilities Finance Corporation. Provides leadership in County economic development activities and business activity for each corporation. Develops policy, designs and implements affordable housing programs for both single-family and multifamily housing with various financing sources including private activity bonds, grants, etc. Manages and negotiates the Travis County Housing Finance Corporation's participation as General Partner and General Contractor in housing projects. Provides public and industry outreach and markets new activity for all Corporations to benefit the residents of Travis County.
Travis County Corporations is in the Economic Development & Strategic Investments (EDSI) Division of the Planning & Budget Office, and the position reports to the Director of EDSI. This position works as part of team focused on economic development, strategic planning, investments and affordable housing. This division provides an array of professional services to the County to promote informed decision-making, providing project management and support for county economic development, real estate portfolio management, site redevelopment, and capital planning and investments. The goals of the division are to promote the efficient use of public resources, economic equity and create long-term value for Travis County through collaboration and innovation.
DISTINGUISHING CHARACTERISTICS:
This is a job classification in the Finance job family. Incumbents in this classification perform a high level of independent policy, financial and economic analysis and communicate effectively in highly public, external facing forums. Incumbents in this classification report directly to the Director of Economic Development & Strategic Investments. Incumbents have frequent and autonomous interaction at the Board level.
Duties and Responsibilities
Directs the issuance and management of private activity bonds programs. Interacts with the public, mortgage lenders, attorneys, developers, County officials, and others involved in the affordable housing industry regarding the Travis County Housing Finance Corporation's programs. Provides management and technical oversight of the Corporations attorney and financial advisor in making recommendations on the issuance of housing, healthcare and other related private activity bonds. Prepares reports for the Board of Directors.Directs the administration of Corporations programs, including many complex operational processes, planning issues, policies, procedures, plans, designs, and related budget issues.Negotiates complex agreements including Memoranda of Understanding, fee structure, and affordability levels and reviews all legal documents on transactions where TCHFC will act as General Partner and General Contractor with consideration of tax and legal implications.Prepares annual budgets for five Corporations and monitors activity for each Corporation.Develops long range strategic plans for all of the Corporations and long range economic development plans and goals for the County.Directs the review and makes recommendations on applications for Corporation issuance of private activity bonds.Provides direction to developer and non-profit applicants for private activity bonds issued by the Corporations.Develops policy and content related to the Corporations' private activity bond application process.Manages and oversees the performance of compliance and grant audits as required by program for all Corporations in conjunction with staff.Manages down payment assistance grants for moderate income home buyers, including communicating with real estate agents, mortgage lenders, home buyers, and other public and governmental entities.Reports findings and recommendations to the Board of Directors on such issues as compliance and grant audits, proposed affordable housing initiatives, annual budgets, approval of invoices, collections of fees and new policies.Oversees the preparation of work papers for outside auditors.Oversees the preparation of information and makes presentations for internal and external users regarding the Corporations' initiatives and capabilities, and works with interdepartmental staff on economic development initiatives.Represents the Corporations and Board of Directors in various projects, economic development initiatives through engagement with external agencies, professional trade associations and the public.Manages and directs multiple third parties including financial service providers, financial advisors, legal counsel, consultants and others as necessary as well as staff.Supervises the preparation of minutes and agenda requests for the County Corporations.Supervises the maintenance of corporate bank, accounting, and financial records.Maintains and updates the corporate conduit debt outstanding report.Performs other job-related duties as assigned.Minimum Requirements
E
ducation and Experience
:Bachelor's degree in urban studies, planning, business, finance or directly related field AND a minimum of seven (7) years of increasingly responsible experience with affordable housing finance, strategic planning, real estate market research, HUD related grants and/or other related activities with a minimum of two (2) years management experience in these fields/positions. Master's degree in urban studies, planning, business, finance or directly related field may substitute for two (2) years of required experience
OR,
Any combination of education and experience that has been achieved and is equivalent to the stated education and experience and the required knowledge, skills and abilities sufficient to successfully perform the duties and responsibilities of the job.
Licenses, Registrations, Certifications, or Special Requirements:Background check required.Valid Texas Driver's License required.
Pre
f
erre
d
:County government experienceAffordable Housing Finance Professional Certification (if prior work experience is not in affordable housing)Master's degree in urban studies, planning, business, finance or directly related field.
Knowledge, Skills, and Abilities :Knowledge of:
Applicable Federal, State, Local and County laws, rules, regulations and guidelines.Standard management theory, principles, practices and techniques.Multifamily and single family bond financing, housing finance corporations under Federal and State laws.Relevant program, grant and private activity bond principles and practices.Legal structures, including General Partner ownership structure, Right of First Refusal and property disposition in Year 15.Relevant tax code, including Sec. 42 relating to Low Income Housing Tax Credits and tax implications on General Partnership projects.Fair Housing requirements at Federal, State and Local levels.Principles and practices of economic and community development.Conflict resolution and meeting facilitation methods.Budget development.Computer systems to include word processing, spreadsheets, databases and related software packages.Modern office practices, procedures and methods.Business letter writing, grammar and punctuation, and report preparation.Skil
l in:
Use of independent judgement in problem-solving and decision-making.Developing short- and long-range strategic plans.Developing policy and procedure.Negotiating complex agreements.Training, managing and evaluating the work of others.Conducting interviews, presentations and group meetings.Conducting financial analysis and interpreting financial data.Effective verbal and written communication.Public speaking and content delivery.A
bility to:
Interact effectively with staff, public, elected and appointed officials.Direct and organize department activities.Establish program goals and objectives that support strategic plans.Identify problems, evaluate alternatives and implement effective solutions.Prepare clear, complete, accurate and logical verbal and written reports and make presentations.Prioritize needs, develop and implement plans of action.Work on a wide variety of tasks simultaneously and produce timely and tangible results.Utilize online resources.Value diversity and promote shared responsibility, teamwork, systems integration and acceptance of change.Read and understand basic legal documents.Listen and communicate effectively both verbally and in writing.Establish and maintain effective working relationships with representatives of outside agencies, consultants, other County employees and officials, and the general public.
Work Environment & Other Information
This position is eligible for hybrid in-office/telework based on work need. MUST LIVE IN or NEAR AUSTIN TX AREA.
Physical requirements include the ability to lift/carry up to 10-15 pounds occasionally, visual acuity, speech and hearing, hand and eye coordination and manual dexterity necessary to operate a computer and office equipment. Subject to standing, sitting, walking, climbing, crawling, bending, stooping, crouching, kneeling, pushing, pulling, reaching, twisting, balancing, repetitive motion, and squatting to perform the essential functions.
Travis County employees play an important role in business continuity. As such, employees can be assigned to business continuity efforts outside of normal job functions.
This job description is intended to be generic in nature. It is not necessarily an exhaustive list of all duties and responsibilities. The essential duties, functions and responsibilities and overtime eligibility may vary based on the specific tasks assigned to the position.
Work Hours: 8 AM - 5 PM; Monday through Friday.
Location: 700 Lavaca St; Suite 1560; Austin TX 78701
Department: Planning And Budget
Criminal Background Check Required.
BenefitsEmployment at Travis County comes with a full array of benefits. We offer comprehensive health insurance, a no-cost, on-site Health and Wellness clinic, longevity pay, paid vacations, sick time and personal holidays, not to mention an industry competitive salary structure and a friendly, stable work environment.FY2024 Travis County Benefit Guide
In this valuable you will find benefit summaries, eligibility requirements, costs, contact numbers and addresses as well as other general information on the benefits available to Travis County Employees and Retirees.
Credit UnionEmployees may join the Travis County Credit Union which offers low-interest loans, savings plans through payroll deduction, safe deposit boxes and other benefits.
Deferred CompensationEmployees may enroll in a tax- free sheltered investment plan through payroll deduction.
Direct DepositEmployees may sign up for direct bank deposit.
Employee Assistance ProgramTravis County provides a confidential counseling and referral service free of charge to county employees and their family.
Employee OrganizationsMembership in the American Federation of State, County, and Municipal Employees Union is available through payroll deduction.
Employee Health & Wellness ClinicEmployees may access the clinic for a variety of wellness program and health care services with no co-pay, no deductible and no co-insurance costs.
HolidaysAn average of eleven paid holidays are designated by the Travis County Commissioners Court at the beginning of each fiscal year.
InsuranceEmployees may select from four plans: an Exclusive Physician Organization (EPO), Choice Plus Preferred Physician Organization (PPO), Consumer Choice or a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA). All four options include a Pharmacy Plan. Travis County's current policy is to pay 100% of the employee's health insurance premium for the Consumer Choice and HDHP. Employees will pay a premium for both the EPO and PPO. Other insurance benefits include $50,000 Basic Life and AD&D paid by the County.
The following benefits are employee paid:
DentalVisionSupplemental Life, AD&DDependent LifeShort Term DisabilityLong Term DisabilityLong Term Care
New employees are covered on the first day of the month following 28 calendar days of employment.
LongevityLongevity pay is paid for each year completed after three years of continuous service. Peace Officers in a law enforcement activity, whose job requires state peace officer certification, receive pay after one year of certification.
On the regular payday on or after the employee's fourth and subsequent adjusted service dates, he or she receives a single payment for the previous year.
ParkingA limited number of assigned parking spaces are available to employees in the Courthouse Complex.
Personal HolidaysRegular, full-time employees are eligible for up to three paid personal holidays each calendar year. Part-time employees shall be granted personal holidays on a prorated basis. New employees earn personal holidays for the calendar year in which he/she begins employment, based on the month in which employment begins:
January - March
3 personal holidays
April - June
2 personal holidays
July - September
1 personal holiday
October - December
None
New employees are eligible to take personal holidays after 90 days of employment.RetirementTravis County is a member of the Texas County & District Retirement System with mandatory participation by certain classes of employees. Seven percent (7%) of the gross salary is deducted each pay period. An employee is fully vested after eight years of service. Benefits are prorated for part-time employees.
Sick LeaveRegular employees earn sick leave at a rate of eight hours per month with unlimited accrual during employment. Part-time employees earn sick leave on a pro-rated basis.
Parental LeaveEach Full-time Paid Parental Leave Eligible (PPL) Employee is entitled to a total of 320 hours of Paid Parental Leave in a 12 month period. Paid Parental Leave for Part-time PPL Eligible Employees is prorated based on the number of hours that they are regularly scheduled to work.
Tuition RefundCertain classes of full-time employees may receive reimbursement for fees associated with pre-approved, job related course work completed satisfactorily.
VacationBased on years of county service, regular, full-time employees earn vacation time at the following rates:
0 to 5 years
4.0 hours per pay period
6 to 10 years
4.5 hours per pay period
11 to 15 years
5.0 hours per pay period
16 to 20 years
5.5 hours per pay period
21 plus years
6.0 hours per pay period
Part-time employees earn vacation leave on a pro-rated basis.Workers' CompensationThe county provides all employees workers' compensation coverage with benefits in accordance with state statute, if the employee sustains an injury out of, or in the course of work.
01
Describe your affordable housing philosophy keeping fair housing principles in mind.
02
How many years of experience do you have with County Government?
Less than 1 year1 to 2 years3 to 5 years6 to 10 yearsMore than 10 years
03
Do you have an affordable housing finance professional certification?
YesNo
04
How many years of experience do you have negotiating affordable housing deals?
Less than 1 year1 to 2 years3 to 5 years6 to 10 yearsMore than 10 years
05
How many years of experience do you have with the issuance and management of private activity bond programs?
Less than 1 year1 to 2 years3 to 5 years6 to 10 yearsMore than 10 years
Required Question
$86,761.41 - $124,068.00 Annually
Location :
Austin, TX
Job Type:
Full Time
Remote Employment:
Flexible/Hybrid
Job Number:
24-08893
Department:
Planning And Budget
Opening Date:
09/26/2024
Closing Date:
11/26/2024 8:00 AM Central
Job Summary
Under general direction from the Board of Directors, provides policy direction and staff supervision for the Travis County Corporations; including Travis County Housing Finance Corporation, Travis County Health Facilities Development Corporation, Travis County Capital Industrial Development Corporation, Travis County Development Authority and Travis County Cultural Education Facilities Finance Corporation. Provides leadership in County economic development activities and business activity for each corporation. Develops policy, designs and implements affordable housing programs for both single-family and multifamily housing with various financing sources including private activity bonds, grants, etc. Manages and negotiates the Travis County Housing Finance Corporation's participation as General Partner and General Contractor in housing projects. Provides public and industry outreach and markets new activity for all Corporations to benefit the residents of Travis County.
Travis County Corporations is in the Economic Development & Strategic Investments (EDSI) Division of the Planning & Budget Office, and the position reports to the Director of EDSI. This position works as part of team focused on economic development, strategic planning, investments and affordable housing. This division provides an array of professional services to the County to promote informed decision-making, providing project management and support for county economic development, real estate portfolio management, site redevelopment, and capital planning and investments. The goals of the division are to promote the efficient use of public resources, economic equity and create long-term value for Travis County through collaboration and innovation.
DISTINGUISHING CHARACTERISTICS:
This is a job classification in the Finance job family. Incumbents in this classification perform a high level of independent policy, financial and economic analysis and communicate effectively in highly public, external facing forums. Incumbents in this classification report directly to the Director of Economic Development & Strategic Investments. Incumbents have frequent and autonomous interaction at the Board level.
Duties and Responsibilities
Directs the issuance and management of private activity bonds programs. Interacts with the public, mortgage lenders, attorneys, developers, County officials, and others involved in the affordable housing industry regarding the Travis County Housing Finance Corporation's programs. Provides management and technical oversight of the Corporations attorney and financial advisor in making recommendations on the issuance of housing, healthcare and other related private activity bonds. Prepares reports for the Board of Directors.Directs the administration of Corporations programs, including many complex operational processes, planning issues, policies, procedures, plans, designs, and related budget issues.Negotiates complex agreements including Memoranda of Understanding, fee structure, and affordability levels and reviews all legal documents on transactions where TCHFC will act as General Partner and General Contractor with consideration of tax and legal implications.Prepares annual budgets for five Corporations and monitors activity for each Corporation.Develops long range strategic plans for all of the Corporations and long range economic development plans and goals for the County.Directs the review and makes recommendations on applications for Corporation issuance of private activity bonds.Provides direction to developer and non-profit applicants for private activity bonds issued by the Corporations.Develops policy and content related to the Corporations' private activity bond application process.Manages and oversees the performance of compliance and grant audits as required by program for all Corporations in conjunction with staff.Manages down payment assistance grants for moderate income home buyers, including communicating with real estate agents, mortgage lenders, home buyers, and other public and governmental entities.Reports findings and recommendations to the Board of Directors on such issues as compliance and grant audits, proposed affordable housing initiatives, annual budgets, approval of invoices, collections of fees and new policies.Oversees the preparation of work papers for outside auditors.Oversees the preparation of information and makes presentations for internal and external users regarding the Corporations' initiatives and capabilities, and works with interdepartmental staff on economic development initiatives.Represents the Corporations and Board of Directors in various projects, economic development initiatives through engagement with external agencies, professional trade associations and the public.Manages and directs multiple third parties including financial service providers, financial advisors, legal counsel, consultants and others as necessary as well as staff.Supervises the preparation of minutes and agenda requests for the County Corporations.Supervises the maintenance of corporate bank, accounting, and financial records.Maintains and updates the corporate conduit debt outstanding report.Performs other job-related duties as assigned.Minimum Requirements
E
ducation and Experience
:Bachelor's degree in urban studies, planning, business, finance or directly related field AND a minimum of seven (7) years of increasingly responsible experience with affordable housing finance, strategic planning, real estate market research, HUD related grants and/or other related activities with a minimum of two (2) years management experience in these fields/positions. Master's degree in urban studies, planning, business, finance or directly related field may substitute for two (2) years of required experience
OR,
Any combination of education and experience that has been achieved and is equivalent to the stated education and experience and the required knowledge, skills and abilities sufficient to successfully perform the duties and responsibilities of the job.
Licenses, Registrations, Certifications, or Special Requirements:Background check required.Valid Texas Driver's License required.
Pre
f
erre
d
:County government experienceAffordable Housing Finance Professional Certification (if prior work experience is not in affordable housing)Master's degree in urban studies, planning, business, finance or directly related field.
Knowledge, Skills, and Abilities :Knowledge of:
Applicable Federal, State, Local and County laws, rules, regulations and guidelines.Standard management theory, principles, practices and techniques.Multifamily and single family bond financing, housing finance corporations under Federal and State laws.Relevant program, grant and private activity bond principles and practices.Legal structures, including General Partner ownership structure, Right of First Refusal and property disposition in Year 15.Relevant tax code, including Sec. 42 relating to Low Income Housing Tax Credits and tax implications on General Partnership projects.Fair Housing requirements at Federal, State and Local levels.Principles and practices of economic and community development.Conflict resolution and meeting facilitation methods.Budget development.Computer systems to include word processing, spreadsheets, databases and related software packages.Modern office practices, procedures and methods.Business letter writing, grammar and punctuation, and report preparation.Skil
l in:
Use of independent judgement in problem-solving and decision-making.Developing short- and long-range strategic plans.Developing policy and procedure.Negotiating complex agreements.Training, managing and evaluating the work of others.Conducting interviews, presentations and group meetings.Conducting financial analysis and interpreting financial data.Effective verbal and written communication.Public speaking and content delivery.A
bility to:
Interact effectively with staff, public, elected and appointed officials.Direct and organize department activities.Establish program goals and objectives that support strategic plans.Identify problems, evaluate alternatives and implement effective solutions.Prepare clear, complete, accurate and logical verbal and written reports and make presentations.Prioritize needs, develop and implement plans of action.Work on a wide variety of tasks simultaneously and produce timely and tangible results.Utilize online resources.Value diversity and promote shared responsibility, teamwork, systems integration and acceptance of change.Read and understand basic legal documents.Listen and communicate effectively both verbally and in writing.Establish and maintain effective working relationships with representatives of outside agencies, consultants, other County employees and officials, and the general public.
Work Environment & Other Information
This position is eligible for hybrid in-office/telework based on work need. MUST LIVE IN or NEAR AUSTIN TX AREA.
Physical requirements include the ability to lift/carry up to 10-15 pounds occasionally, visual acuity, speech and hearing, hand and eye coordination and manual dexterity necessary to operate a computer and office equipment. Subject to standing, sitting, walking, climbing, crawling, bending, stooping, crouching, kneeling, pushing, pulling, reaching, twisting, balancing, repetitive motion, and squatting to perform the essential functions.
Travis County employees play an important role in business continuity. As such, employees can be assigned to business continuity efforts outside of normal job functions.
This job description is intended to be generic in nature. It is not necessarily an exhaustive list of all duties and responsibilities. The essential duties, functions and responsibilities and overtime eligibility may vary based on the specific tasks assigned to the position.
Work Hours: 8 AM - 5 PM; Monday through Friday.
Location: 700 Lavaca St; Suite 1560; Austin TX 78701
Department: Planning And Budget
Criminal Background Check Required.
BenefitsEmployment at Travis County comes with a full array of benefits. We offer comprehensive health insurance, a no-cost, on-site Health and Wellness clinic, longevity pay, paid vacations, sick time and personal holidays, not to mention an industry competitive salary structure and a friendly, stable work environment.FY2024 Travis County Benefit Guide
In this valuable you will find benefit summaries, eligibility requirements, costs, contact numbers and addresses as well as other general information on the benefits available to Travis County Employees and Retirees.
Credit UnionEmployees may join the Travis County Credit Union which offers low-interest loans, savings plans through payroll deduction, safe deposit boxes and other benefits.
Deferred CompensationEmployees may enroll in a tax- free sheltered investment plan through payroll deduction.
Direct DepositEmployees may sign up for direct bank deposit.
Employee Assistance ProgramTravis County provides a confidential counseling and referral service free of charge to county employees and their family.
Employee OrganizationsMembership in the American Federation of State, County, and Municipal Employees Union is available through payroll deduction.
Employee Health & Wellness ClinicEmployees may access the clinic for a variety of wellness program and health care services with no co-pay, no deductible and no co-insurance costs.
HolidaysAn average of eleven paid holidays are designated by the Travis County Commissioners Court at the beginning of each fiscal year.
InsuranceEmployees may select from four plans: an Exclusive Physician Organization (EPO), Choice Plus Preferred Physician Organization (PPO), Consumer Choice or a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA). All four options include a Pharmacy Plan. Travis County's current policy is to pay 100% of the employee's health insurance premium for the Consumer Choice and HDHP. Employees will pay a premium for both the EPO and PPO. Other insurance benefits include $50,000 Basic Life and AD&D paid by the County.
The following benefits are employee paid:
DentalVisionSupplemental Life, AD&DDependent LifeShort Term DisabilityLong Term DisabilityLong Term Care
New employees are covered on the first day of the month following 28 calendar days of employment.
LongevityLongevity pay is paid for each year completed after three years of continuous service. Peace Officers in a law enforcement activity, whose job requires state peace officer certification, receive pay after one year of certification.
On the regular payday on or after the employee's fourth and subsequent adjusted service dates, he or she receives a single payment for the previous year.
ParkingA limited number of assigned parking spaces are available to employees in the Courthouse Complex.
Personal HolidaysRegular, full-time employees are eligible for up to three paid personal holidays each calendar year. Part-time employees shall be granted personal holidays on a prorated basis. New employees earn personal holidays for the calendar year in which he/she begins employment, based on the month in which employment begins:
January - March
3 personal holidays
April - June
2 personal holidays
July - September
1 personal holiday
October - December
None
New employees are eligible to take personal holidays after 90 days of employment.RetirementTravis County is a member of the Texas County & District Retirement System with mandatory participation by certain classes of employees. Seven percent (7%) of the gross salary is deducted each pay period. An employee is fully vested after eight years of service. Benefits are prorated for part-time employees.
Sick LeaveRegular employees earn sick leave at a rate of eight hours per month with unlimited accrual during employment. Part-time employees earn sick leave on a pro-rated basis.
Parental LeaveEach Full-time Paid Parental Leave Eligible (PPL) Employee is entitled to a total of 320 hours of Paid Parental Leave in a 12 month period. Paid Parental Leave for Part-time PPL Eligible Employees is prorated based on the number of hours that they are regularly scheduled to work.
Tuition RefundCertain classes of full-time employees may receive reimbursement for fees associated with pre-approved, job related course work completed satisfactorily.
VacationBased on years of county service, regular, full-time employees earn vacation time at the following rates:
0 to 5 years
4.0 hours per pay period
6 to 10 years
4.5 hours per pay period
11 to 15 years
5.0 hours per pay period
16 to 20 years
5.5 hours per pay period
21 plus years
6.0 hours per pay period
Part-time employees earn vacation leave on a pro-rated basis.Workers' CompensationThe county provides all employees workers' compensation coverage with benefits in accordance with state statute, if the employee sustains an injury out of, or in the course of work.
01
Describe your affordable housing philosophy keeping fair housing principles in mind.
02
How many years of experience do you have with County Government?
Less than 1 year1 to 2 years3 to 5 years6 to 10 yearsMore than 10 years
03
Do you have an affordable housing finance professional certification?
YesNo
04
How many years of experience do you have negotiating affordable housing deals?
Less than 1 year1 to 2 years3 to 5 years6 to 10 yearsMore than 10 years
05
How many years of experience do you have with the issuance and management of private activity bond programs?
Less than 1 year1 to 2 years3 to 5 years6 to 10 yearsMore than 10 years
Required Question