Typical Duties( Illustration Only)
• Draft, review, and negotiate financing documents for LIHTC, preservation, and other affordable housing transactions.
• Manage loan transactions from commitment through post-closing, coordinating with developers, lenders, investors, and government agencies.
• Prepare and review loan modifications, subordinations, and documentation for permanent loan conversions.
• Handle RAD conversions.
• Conduct legal and regulatory research, interpret laws and regulations, and provide legal guidance.
• Review and process mortgage satisfactions, subordinations, and related mortgage servicing matters.
• Coordinate with internal program staff, outside counsel, and funding partners to meet closing deadlines and compliance requirements.
• Serve as backup capacity to ensure business continuity for critical closings and compliance matters in the event the lead attorney is unavailable.
• Other duties as needed and assigned by General Counsel or Deputy General Counsel
The Philadelphia Housing Development Corporation (PHDC), a non-profit organization funded primarily by the City of Philadelphia and the Commonwealth of Pennsylvania, is looking for an Attorney to join its team.
This is an “in-house” position that will include handling general transactional matters related to purchase/sale of real estate, real estate development, and preparation of vendor agreements. The attorney will also be asked to assist with real estate-related litigation (i.e., quiet title actions, eviction/ejectment actions, etc.), monitoring outside counsel with assigned litigation, legislative review, and compliance issues.
PHDC offers a generous benefits package, including:
· Superior health insurance (including prescription, vision, and dental)
· Generous retirement plan
· Life insurance
· Deferred compensation
· Paid vacation and sick time
· And much more!
ONCE HIRED ALL EMPLOYEES MUST BECOME A RESIDENT OF THE CITY OF PHILADELPHIA WITHIN SIX MONTHS OF APPOINTMENT AND MAINTAIN RESIDENCY STATUS IN THE CITY OF PHILADELPHIA AS A CONDITION OF EMPLOYMENT.
PHDC is an equal opportunity employer and does not permit discrimination based on race, ethnicity, color, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, marital status, source of income, familial status, genetic information or domestic or sexual violence victim status .
EDUCATION AND LICENSING: Juris Doctor degree and admitted to bar and in good standing in the Commonwealth of Pennsylvania.
EXPERIENCE AND TRAINING: Minimum 3-4 years of relevant experience in general real estate law and transactional law, and/or litigation. The candidate must be able to work under pressure, work independently, manage his/her own workload with little oversight, possess strong attention to detail and keen analytical skills, and have an awareness of legal and commercial risks. The candidate must be able to understand and interpret statutes, administrative regulations, and case law. Strong oral and written communication skills are also required.