Lending Analyst II

Pennsylvania Housing Finance Agency; Harrisburg (Dauphin County); On-site; USD 85,000 - 125,000; Full time

Job summary

Pennsylvania Housing Finance Agency in Harrisburg seeks a Multifamily Project Underwriter & Financial Analyst to coordinate reviews, determine LIHTC eligibility, apply underwriting to complex transactions, and assess financial feasibility. You will serve as primary contact, liaise with developers and internal divisions, manage closings, ensure compliance with rules, and maintain documentation.

Must have a Bachelor's degree and 3-5 years in affordable multifamily housing.

Qualifications

• Bachelor's degree in business administration, public administration, finance, computer technology, or real estate.
• 3–5 years work experience in the affordable multifamily housing field.

Responsibilities

• Coordinate the review of assigned multifamily applications.
• Determine eligibility for LIHTC and Agency loans.
• Apply prudent underwriting techniques to complex affordable housing transactions.
• Conduct comprehensive reviews of applications, environmental reports, appraisals, market studies, financing commitments, and project updates.
• Assess financial feasibility and compliance with the Agency's QAP, Development Cost Limits, and Application Instructions.
• Serve as the primary point of contact for assigned developments.
• Act as liaison between developers and internal Agency divisions.
• Facilitate communication among Housing Management, Technical Services, Financing, Legal, and other stakeholders.
• Coordinate project review activities and ensure adherence to submission requirements and timelines.
• Reprioritize projects based on Agency staffing, financing resources, and bond issuance schedules.
• Participate in weekly project closing calls following Board approval.
• Facilitate financial closings for multifamily developments.
• Finalize pre-commitment packages, modification requests, and Board write-ups.
• Prepare closing-related documents, including Subsidy Layering Reviews and Other required closing documents.
• Ensure projects meet Agency policies, underwriting standards, and program requirements.
• Verify compliance with federal, state, and local affordable housing funding programs.
• Monitor project financing structures for consistency with Agency policies.
• Maintain expertise in HUD, Housing Authority, municipal, county, and redevelopment authority programs.
• Identify and address application deficiencies throughout the underwriting process.
• Prepare comprehensive developer correspondence and underwriting review memoranda.
• Document deficiencies and required resolutions throughout the review process.
• Maintain complete project files in both electronic and hard-copy formats.
• Ensure timely and accurate data entry into Agency systems.
• Produce Board materials and project status documentation.
• Represent the Agency at industry conferences, meetings, groundbreakings, ribbon cuttings, and housing events.
• Build and maintain relationships with developers, financing partners, and industry stakeholders.
• Serve as an Agency representative during project development and closing activities.
• Monitor affordable housing industry trends and policy developments.
• Provide recommendations regarding program enhancements and emerging market trends.
• Conduct qualitative and quantitative research to improve Agency programs, guidelines, and operational efficiencies.
• Support continuous improvement initiatives within the department.
• Participate in Agency-sponsored training and professional development opportunities.
• Maintain current knowledge of affordable housing finance, underwriting, and regulatory requirements.
• Perform additional duties as assigned.
• Maintain required in-office presence and collaborate effectively with Agency staff.

Skills

Underwriting

LIHTC expertise

Financial analysis

Environmental review

Project coordination

Stakeholder communication

Education

Bachelor's degree in business administration, public administration, finance, computer technology, or real estate

Job description

Job Description

Multifamily Project Underwriting & Financial Analysis

• Coordinate the review of assigned multifamily applications.
• Determine eligibility for Low-Income Housing Tax Credits (LIHTC) and Agency loans.
• Apply prudent underwriting techniques to complex affordable housing transactions.
• Conduct comprehensive reviews of applications, environmental reports, appraisals, market studies, financing commitments, and project updates.
• Assess financial feasibility and compliance with the Agency's QAP, Development Cost Limits, and Application Instructions.

Project Management & Stakeholder Coordination

• Serve as the primary point of contact for assigned developments.
• Act as liaison between developers and internal Agency divisions.
• Facilitate communication among Housing Management, Technical Services, Financing, Legal, and other stakeholders.
• Coordinate project review activities and ensure adherence to submission requirements and timelines.
• Reprioritize projects based on Agency staffing, financing resources, and bond issuance schedules.
• Participate in weekly project closing calls following Board approval.

3. Closing & Transaction Execution

• Facilitate financial closings for multifamily developments.
• Finalize pre-commitment packages, modification requests, and Board write-ups.

Prepare closing-related documents, including:

• Subsidy Layering Reviews
• Other required closing documents

Compliance, Regulatory Review & Risk Management

• Ensure projects meet Agency policies, underwriting standards, and program requirements.
• Verify compliance with federal, state, and local affordable housing funding programs.
• Monitor project financing structures for consistency with Agency policies.
• Maintain expertise in HUD, Housing Authority, municipal, county, and redevelopment authority programs.
• Identify and address application deficiencies throughout the underwriting process.

Documentation, Reporting & Records Management

• Prepare comprehensive developer correspondence and underwriting review memoranda.
• Document deficiencies and required resolutions throughout the review process.
• Maintain complete project files in both electronic and hard-copy formats.
• Ensure timely and accurate data entry into Agency systems.
• Produce Board materials and project status documentation.

Industry Relations & External Representation

• Represent the Agency at industry conferences, meetings, groundbreakings, ribbon cuttings, and housing events.
• Build and maintain relationships with developers, financing partners, and industry stakeholders.
• Serve as an Agency representative during project development and closing activities.

Strategic Planning, Research & Program Improvement

• Monitor affordable housing industry trends and policy developments.
• Provide recommendations regarding program enhancements and emerging market trends.
• Conduct qualitative and quantitative research to improve Agency programs, guidelines, and operational efficiencies.
• Support continuous improvement initiatives within the department.

Professional Development & Organizational Participation

• Participate in Agency-sponsored training and professional development opportunities.
• Maintain current knowledge of affordable housing finance, underwriting, and regulatory requirements.
• Perform additional duties as assigned.
• Maintain required in-office presence and collaborate effectively with Agency staff.

Bachelor's degree with a preferred degree in business administration, public administration, finance, computer technology, or real estate. or an equivalent amount of relevant experience. Three to five years work experience in the affordable multifamily housing field.

Location: Harrisburg Office

As an employer, PHFA is committed to having a workforce that is diverse and reflects the residents that it serves.

We strive to maintain a workplace where all employees and applicants for employment receive equal opportunities in all aspects of employment.

There are numerous policies in place at PHFA to help us honor this commitment.

The Pennsylvania Housing Finance Agency is an equal opportunity employer.

All qualified applicants will receive consideration for employment without regard to age, disability, family status, gender, national origin, political affiliation, race or religion.

PHFA values, honors and commits to the equitable treatment and elimination of discrimination in all forms.

We are committed to the diversity of all staff, and in all programs and services offered.