Job Description

Position -  Hybrid position must reside in Colorado

Housing Tax Credit Officer I – II

(Level is based on experience)

division/department

Community Development/Tax Credits

classification

Non-exempt

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 of, 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;
• May be asked to attend and speak at the 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 ability      

• Knowledge of real estate lending and underwriting principles that incorporate some of the following:  financial feasibility, market analysis, and site analysis;
• High level of initiative and ability to work independently;
• Excellent organizational and analytical skills;
• 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;
• Demonstrated competence in public speaking;
• Strong ability to negotiate issues and resolve problems;
• Strong customer service skills; and
• Proficient in the use of PC based applications including, but not limited to Excel, Word, and PowerPoint.

• Abilities that reflect our values:

• • Ability to continuously improve and develop knowledge and skills, while adapting quickly to changing circumstances and processes
  • Ability to work towards inclusion in all activities and decisions through the solicitation and appreciation of diverse perspectives
  • Ability to exercise personal accountability in all activities and decisions
  • Ability to embrace a culture of operational excellence to ensure processes are continually evaluated and improved as necessary
  • Ability to operate with a sense of integrity and code of ethics
  • Ability to have fun with a demonstrated sense of humor
  • Ability to establish rapport with persons of diverse ethnic, racial, and cultural backgrounds

experience/education

• Bachelor’s Degree in Business Administration, Marketing, Finance, Planning, or a related field or equivalent experience.  
• Minimum 1 year of work experience in multifamily real estate lending principles, market assessment and site analysis loan underwriting, market analysis, and financial feasibility with an emphasis in housing or housing-related field.  Knowledge or experience in the Section 42 Low Income Housing Tax Credit program preferred.

equipment used

Telephone; personal computer; computer hardware equipment, calculator; photocopy; smart phone, vehicle.

physical environment

This position will perform the essential functions of the position primarily in a hybrid office environment, which requires sitting or standing at a desk for part of the day.   In addition, there will be expected travel where the incumbent must have the ability to drive a vehicle for statewide travel or fly out of state; with the ability to access buildings on site visits (adaptive equipment may also be substituted).  Ability to read, hear and speak and work on computers, with or without assisting devices and utilize a variety of office machines, such as calculators and copiers, with or without assisting devices.

hiring range

Housing Tax Credit Officer I $80,000 – $99,000 + annual bonuses

Housing Tax Credit Officer II $87,000 – $110,000 + annual bonuses

Salary is determined by position (Level I or II) and experience/education

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.

how to apply

External candidates:  Please submit your resume online at www.chfainfo.com/careers - Job Opportunities Tab

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.