Colorado Housing and Finance Authority is focused on community development and affordable housing initiatives. The Housing Tax Credit Officer will evaluate multifamily housing project proposals for eligibility and feasibility, provide technical assistance to applicants, and present recommendations for project approvals.
Responsibilities
- 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
- Other duties as assigned
Skills
- 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, video meeting technology, 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
- Ability to establish rapport with persons of diverse ethnic, racial, and cultural backgrounds
- 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
Benefits
- Comprehensive medical, dental, and vision insurance plans, with very low rates
- Generous Paid Time Off, including paid volunteer time, and leave programs
Company Overview
Colorado Housing and Finance Authority offers financial resources to strengthen homeownership, affordable rental housing, and businesses. It was founded in 1973, and is headquartered in Denver, Colorado, USA, with a workforce of 51-200 employees. Its website is https://www.chfainfo.com/.
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