Tax Credit Officer

Colorado Psychiatric; Denver (CO); Hybrid; USD 85.000 - 120.000; Vollzeit

Zusammenfassung

CHFA seeks a Tax Credit Officer to evaluate LIHTC and AHTC proposals for eligibility and feasibility, underwrite multifamily projects, and advise on credit allocations. The role involves presenting recommendations to the CHFA Tax Credit Allocation Committee and assisting applicants through the allocation process.

Responsibilities include market analysis, financial feasibility, and collaboration with the Program Administrator and staff.

Qualifikationen

• Requires knowledge of the Section 42 LIHTC program and related Affordable Housing Tax Credit programs.
• Experience in loan underwriting, market analysis, and financial feasibility for housing.
• Ability to present complex proposals to committees and boards.

Aufgaben

• Evaluate LIHTC and AHTC proposals for eligibility and feasibility.
• Underwrite multifamily rental transactions and assess market conditions, budgets, and financial structures.
• Present projects and allocate housing credits to CHFA committees; provide technical assistance to applicants.
• Collaborate with program staff to review applications from preliminary to final allocation; support board updates.
• Represent CHFA at events, conferences, and meetings; serve as a housing credit expert for stakeholders.

Kenntnisse

LIHTC knowledge

Financial analysis

Public speaking

Underwriting

Market analysis

Ausbildung

Bachelor's degree or equivalent

Tools

Excel

PowerPoint

Jobbeschreibung

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.