Housing Tax Credit Officer II
Job Details
Experienced
Colorado - , CO
Full Time
overview of position

nature of position

The incumbent in this position will evaluate Low Income Housing Tax Credit (LIHTC) and state Affordable Housing Tax Credit (AHTC) multifamily housing project proposals for eligibility and feasibility, present and recommend projects for approval, and provide technical assistance to Housing Credit applicants. This position reports to the Manager, Housing Tax Credit.

 

essential functions

 

  • Underwrite multi-family rental housing transactions in accordance with established policies and procedures and assess such areas as current rental housing market conditions, project development team, financial structure, rental income and operating expenses and projections, and project development budget, adjust tax credit award amount based on industry standards and program requirements as appropriate; Perform these functions with a high level of independence;
  • Present proposed projects and make Housing Credit allocation recommendations to the CHFA Tax Credit Allocation Committee;
  • Collaborate with and support the Program Administrator and Tax Credit staff in reviewing applications from the preliminary application stage to final allocation;
  • Present updates and action items to CHFA’s Board of Directors as needed;
  • Public speaking at groundbreaking and grand opening events, conferences, workshops, webinars, and other venues;
  • Serve as a resource and technical expert for project sponsors, lending partners, investors, and other professionals on affordable housing matters at conferences, meetings, and one-on-one interactions;
  • Maintain a thorough knowledge of the Housing Credit program; and
  • Oversight of other projects as assigned.
knowledge, skills, and abilities

Must possess

  • Strong knowledge of real estate lending and underwriting principles that incorporate some of the following:  financial feasibility, market analysis, and site analysis;

  • High level of competence in public speaking;
  • High level of initiative and ability to work independently;
  • Excellent organizational and analytical skills;
  • Proficient in the use of PC based applications including, but not limited to Excel, Word, and PowerPoint.
  • Project management skills that will effectively facilitate coordination of the application and approval process;
  • Strong skillset in communicating both orally and in writing in a positive, diplomatic, and friendly manner;
  • Strong ability to negotiate issues and resolve problems;
  • Strong customer service skills; and
  • Ability to establish rapport with persons of diverse ethnic, racial, and cultural backgrounds.

experience/education

Requires in-depth experience in the Section 42 Low Income Housing Tax Credit program as well as knowledge of real estate lending principles that incorporate financial feasibility, market assessment and site analysis.  Requires a Bachelor’s Degree in Business Administration, Marketing, Finance, Planning, related field or equivalent experience.  Requires at least 5 years of work experience in a position that incorporates some or all the following:  loan underwriting, market analysis, and financial feasibility with an emphasis in housing or housing-related field. 

 

equipment used

Telephone; personal computer; computer hardware equipment, calculator; photocopy and fax machine, Smart phone, virtual meeting technology and vehicle.

 

physical environment

The incumbent in this position will perform the essential functions of the position primarily in an office environment. Some in state and out of state travel is associated with this position.  Must be able to assess the physical condition of the properties which may require accessing areas such as individual units, roofs, basements, boiler rooms, common areas, etc., which may or may not be handicapped accessible.  To access these areas, the incumbent may be required to walk, crawl, climb, move and position items.

 

validation statement 

This job description is a general description of essential job functions. It is not intended as an employment contract, nor is it intended to describe all duties someone in this position may perform.

 

With respect to its programs, services, activities, and employment practices, Colorado Housing and Finance Authority assesses qualified individuals without regard to their race, color, religion, sex, (including pregnancy, sexual orientation, or gender identity), age, national origin, disability, veteran status, genetic information, or other protected status. Requests for reasonable accommodation, or any complaints alleging violation of this nondiscrimination policy should be directed to the nondiscrimination coordinator, 1.800.877.2432, CHFA 1981 Blake street, Denver co 80202, available weekdays 8:00 a.m. to 5:00 p.m.

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