Tax Credit Officer

Colorado Housing and Finance Authority, Inc.; Denver (CO); Sur place; USD 75 000 - 110 000; Plein temps

Résumé du poste

Careerwebsite is seeking a Tax Credit Officer in Denver to evaluate LIHTC and AHTC projects, applying rigorous financial feasibility and market analysis to determine eligibility and structuring.

You will present findings to the CHFA Allocation Committee, support applicants through the process, and speak at events while maintaining deep program knowledge and collaborating with partners.

Qualifications

• Underwrite multifamily housing transactions with market, budget, and feasibility focus.
• Assess rental housing market conditions and project development economics.
• Knowledge of LIHTC, AHTC, and housing finance concepts.

Responsabilités

• Evaluate LIHTC and AHTC proposals for eligibility and feasibility.
• Underwrite multifamily housing transactions and assess market conditions and budgets.
• Present projects and allocate recommendations to the CHFA Tax Credit Allocation Committee.
• Collaborate with staff from preliminary to final allocation stages.
• Provide updates to CHFA Board of Directors as needed.
• Represent CHFA at groundbreaking events, conferences, and workshops.
• Serve as a technical resource for sponsors, lenders, and partners on affordable housing.
• Maintain thorough knowledge of the Housing Credit program and oversee assigned projects.

Connaissances

Underwrite multifamily housing

Market analysis

Financial feasibility

Housing/affordable housing knowledge

Formation

Bachelor’s Degree in Business Administration, Marketing, Finance, Planning, or related field

Description du poste

The Tax Credit Officer 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.

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.

Requires in-depth experience in the Section 42 Low Income Housing Tax Credit program as well as knowledge of multifamily real estate lending principles that incorporate financial feasibility, market assessment, and site analysis.

Requires a Bachelor’s Degree in Business Administration, Marketing, Finance, Planning, or a related field, or equivalent experience.

Requires between 1 and 5 years of work experience in a position that incorporates some or all of the following: loan underwriting, market analysis, and financial feasibility, with an emphasis in housing or a housing-related field.