- Housing Development Appraiser
- What will I be doing?
- Do I qualify?
- Can I be successful?
- How do I apply?
This is responsible professional and technical work in administering the evaluation process of all development financed by the Missouri Housing Development Commission.
The employee in this class is responsible for determining the need and feasibility of financing multi-family housing developments. Such determination must take into account market area rent, land value, operating expenses, maximum mortgage amount and a general evaluation of the entire project. Work includes visiting proposed building sites to inspect land and assess its value, contacting real estate brokers, apartment project managers, mortgage company officials and city officials concerning housing development proposals. The employee also researches recent land sales prices and examines local zoning regulations. General supervision is received from the Deputy Director of Operations or another administrative superior.
Assesses the need and demand for low cost multi-family dwelling units, based on local conditions such as population, income, projected housing starts and projected industrial development.
Determines what rental rates in a market area should be, in order to support the cost of the development; compares projected rental rates to those for other similar available housing.
Inspects proposed development site to determine suitability for development and availability of utilities; researches zoning regulations and recent land sales prices; contacts local governmental officials to obtain planning information.
Makes analyses of development proposals using information obtained in the field and from other sources, and compares them with similar projects already completed and in operation.
Consults with the Construction Loan Administrator and other MHDC staff to obtain information necessary to the completion of an accurate total appraisal.
Prepares detailed reports for the MHDC executive staff, concerning the feasibility of proposed projects; participates in meetings to explain and support conclusions.
Performs other related work as assigned.
(The following minimum qualifications will determine merit system eligibility. Allowable experience and education substitutions are provided in italics below the corresponding minimum qualification statement. These minimum qualifications may also be used to evaluate applicants for Missouri Uniform Classification and Pay System positions not requiring selection from merit registers.)
Four years of professional experience in general housing appraisal and/or housing market analysis; and graduation from an accredited four-year college or university with specialization in urban planning, community development, business administration or other closely-related disciplines. (Professional experience, as indicated above, may be substituted on a year-for-year basis for the formal education requirements.)
Please note that documentation that supports your eligibility (i.e. transcripts, employment records, etc.) may be required at any time during the application and hiring process. If you do not possess the minimum qualifications, please consider one of many other employment opportunities with the State of Missouri.
Do you possess the key skills which are considered essential for successful employment in this classification?
Thorough knowledge of the principles, methods and practices of housing market analysis.
Thorough knowledge of the methods and techniques of project site analysis and appraisal.
Considerable knowledge of the methods and techniques of economic analysis.
Considerable knowledge of modern practices in business administration.
Ability to express facts and ideas clearly and concisely, both orally and in writing.
Ability to establish and maintain effective working relationships with contractors, sponsors, appraisers, governmental officials and apartment owners and managers.
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