Request for Action (RFA) Underwriter / Housing Development Officer, Intermediate

Working Title: Request for Action (RFA) Underwriter

Job Class: Housing Development Officer Intermediate

Agency: Housing Finance Agency

• Job ID : 97063

• Location : St. Paul

• Telework Eligible : Yes

• Full/Part Time : Full-Time

• Regular/Temporary : Unlimited

• Who May Apply : Open to all qualified job seekers

• Date Posted : 09/16/2026

• Closing Date : 10/06/2026

• Division/Unit : Multifamily-Preservation

• Days of Work : Monday - Friday

• Travel Required : No

• Salary Range: $28.75 - $42.16 / hourly; $60,030 - $88,030 / annually

• Classified Status : Classified

• Bargaining Unit/Union : 214 -MAPE

• FLSA Status : Nonexempt

• Re-Posting : Yes

• Designated in Connect 700 Program for Applicants with Disabilities (https://mn.gov/mmb/careers/diverse-workforce/people-with-disabilities/connect700/) : Yes

Eligibility to Bid:

MAPE: You must be in the same job class as this posting, but within a different work unit and must be a permanent classified employee, and not on probation.

• Telework (https://mn.gov/mmb-stat/policies/1422-telework.pdf) is available per the State of Minnesota policy.

• Candidates residing in Minnesota within 50 miles of our St Paul office may be eligible to telework up to 50%.

• Candidates residing in Minnesota and more than 50 miles from our office may be eligible to telework more than 50%.

• Candidates residing in Wisconsin within 50 miles of our office may be eligible to telework up to 50%.

• Candidates who do not reside in Minnesota or within 50 miles of the office in Wisconsin are not eligible to be hired, unless planning to relocate within 50 miles of the office.

The work you'll do is more than just a job.

At the State of Minnesota, employees play a critical role in developing policies, providing essential services, and working to improve the well-being and quality of life for all Minnesotans. The State of Minnesota is committed to equity and inclusion, and invests in employees by providing benefits, support resources, and training and development opportunities.

Minnesota Housing is hiring! We’re a mission-focused financial institution looking for a RFA Underwriter who will administer, evaluate and process multifamily loan servicing requests, including changes in ownership, changes in use, payoffs, assumptions, subordinations, and modifications to Agency loans on existing projects. The position exercises technical judgment to balance Agency mission, financial considerations and program compliance while serving as a primary contact for borrowers, attorneys, and internal teams. This role contributes to the effective operation and continuous improvement of the Agency’s preservation efforts by ensuring clear, timely and compliant servicing decisions.

Essential Job Duties

• Process and evaluate RFA submissions, including collecting, verifying and interpreting legal documents and due diligence.

• Analyze and underwrite loan servicing requests, assessing financial data, compliance requirements, long-term property health and Agency mission alignment.

• Coordinate cross-division review, collaborating with asset management, legal, compliance, and external funding partners to resolve loan servicing issues.

• Prepare and present clear written memos for and deliver presentations to internal committees and Agency leadership.

• Administer and monitor the maturing loans list, ensuring timely notices, follow-up, and borrower guidance.

• Lead annual LURA extension outreach activities, including technical review of LURA documents and coordination with owners.

• Support RFA program operations, including procedure updates, inter-team communication, and maintenance of legal file systems.

• Perform other duties as assigned.

Minimum Qualifications

To be qualified for and considered for this position, applicants must meet all of the minimum qualifications listed below. Ensure that your resume contains descriptions of your work experiences sufficient for comparison against the requirements stated below and indicate the beginning and ending month and year for each job held.

Only applicants whose resumes clearly demonstrate fulfillment of each of these minimum qualifications will be considered for this position.

• Two (2) years of demonstrated experience in affordable housing including multifamily underwriting, multifamily loan servicing, multifamily asset management, closing multifamily affordable housing loans,

OR

• Two (2) years of program management experience in affordable housing or community development,

OR

• Two (2) years of experience as a real estate paralegal (foreclosure, loan servicing).

• A bachelor’s degree in business administration, housing, real estate, or community development/planning, may substitute for 12 months of experience – or – an associate degree in the listed fields may substitute for 6 months of experience.

***** For this role, multifamily generally means rental properties containing more than 12 units. Single family lending experience or mortgage banking experience is insufficient.

• Experience with multifamily housing programs, financing, or funding sources.

• Ability to analyze financial and compliance information and apply requirements from loan documents to loan servicing scenarios.

• Demonstrated communication skills, including ability to comprehend and communicate complex information in plain language

• Ability to work independently while meeting deadlines.

• Proficiency in Microsoft Word (to prepare memos and use templates), Excel (to create spreadsheets and use formulas), Outlook (to use email communication and navigate calendars), and Access (to navigate database).

• Demonstrated ability to work effectively with partners from diverse backgrounds and maintain respectful relationships with a variety of internal and external partners.

Preferred Qualifications

• Three (3) years of demonstrated experience in affordable housing including multifamily underwriting, multifamily loan servicing, multifamily asset management, closing multifamily affordable housing loans.

• Preference for candidates with experience with one or more of the following federal and state affordable housing funding resources: federal Low-income Housing Tax Credit (LIHTC); HUD Risk-sharing insurance; federal HOME & National Housing Trust Fund programs; and, state funding programs that may include the Economic Development Housing Challenge (EDHC) loan program, Preservation Affordable Rental Investment Fund (PARIF) loan program, and Housing Infrastructure Bonds (HIBs).

• Project Management Certificate

• Our employees are dedicated to ensuring cultural responsiveness. Preferred candidates will have a variety of experiences working effectively with others from different backgrounds and cultures.

Physical Requirements

Requires moving office items such as file folders and small office tools.

A certain amount of walking and standing is often necessary in carrying out job duties.

Additional Requirements

This position requires successful completion of the following:

• Reference Checks.

• Job related background checks.

• Conflict of Interest Disclosure.

AN EQUAL OPPORTUNITY EMPLOYER

Minnesota State Colleges and Universities is an Equal Opportunity employer/educator committed to the principles of diversity. We prohibit discrimination against qualified individuals based on their race, sex, color, creed, religion, age, national origin, disability, protected veteran status, marital status, status with regard to public assistance, sexual orientation, gender identity, gender expression, or membership in a local commission as defined by law. As an affirmative action employer, we actively seek and encourage applications from women, minorities, persons with disabilities, and individuals with protected veteran status.

Reasonable accommodations will be made to all qualified applicants with disabilities. If you are an individual with a disability who needs assistance or cannot access the online job application system, please contact the job information line at 651-259-3637 or email [email protected] . Please indicate what assistance is needed.