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MaineHousing

Finances affordable housing for low-income residents

Counsel

Legal Counsel & Legal SupportConfirmed live in the last 24 hours
Full-timeAugusta, ME, USA$115.1k - $173.7k /yr

About the Job

Requirements

  • A Juris Doctor degree and Maine Bar License are preferred but not required.
  • Experience in housing, real estate, general litigation, or commercial lending.
  • Experience or familiarity with government programs and regulations.
  • Demonstrated leadership, ingenuity, creativity, judgment, and problem-solving skills.
  • Strong project management, time management, and organizational skills.
  • Strong computer skills using various software.
  • Ability to establish and maintain good working relationships with business partners.
  • Experience communicating effectively in front of groups.
  • Excellent oral, written, and listening communication skills.
  • Ability to take initiative, work independently, and use creative and analytical skills to resolve issues.

Responsibilities

  • Assist developers, investors, loan officers, and other partners in closing complex transactions for affordable multifamily and supportive housing projects.
  • Prepare and negotiate closing documents, including loan agreements, promissory notes, mortgages, security agreements, declarations of covenants, and tax credit documents.
  • Review and negotiate other forms of security, including purchase and sale agreements, construction and bonding agreements, conveyance documents, title insurance materials, surveys, and organizational documents.
  • Conduct closings and oversee post-closing issues.
  • Assist with ownership transfers, workouts, loan restructuring, and refinancing.
  • Review correspondence and documents as legal issues arise; research state and federal regulations; and consult with state and federal agencies.
  • Advise the Director and staff on legal issues such as regulatory compliance, contract law, commercial law, litigation, and real estate law.
  • Draft and negotiate contracts and other documents.
  • Represent MaineHousing in agency administrative hearings, Maine Human Rights Commission hearings, and litigation as necessary.
  • Perform other duties as assigned.

About the Company

MaineHousing

Finances affordable housing for low-income residents

MaineHousing is a quasi-governmental state agency that finances and supports affordable housing in Maine using private capital raised through mortgage revenue bonds. Proceeds fund programs such as low-fixed-rate home loans, down payment and closing-cost assistance, home repairs, and energy improvements, while mortgage income repays bondholders and covers operating costs; the agency also administers rental subsidies (Section 8) and finances the development and rehabilitation of affordable rental housing, including LIHTC and Rural Affordable Rental Housing. It is self-funded and does not use state general funds, relying on private capital markets and the mortgage income stream, in contrast to many housing programs that rely on general appropriations. Its goal is to increase safe, affordable housing access for Maine residents, assisting over 90,000 households annually and supporting the state’s housing market and economy.

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