Washington State Housing Finance Commission · 1 week ago
Senior Bond/Housing Tax Credit Analyst - Preservation Specialist
Seattle, WA
Full-time
Hybrid
Senior LevelThe Washington State Housing Finance Commission (WSHFC) is currently recruiting for a full-time, permanent Senior Bond/Housing Tax Credit Analyst - Preservation Specialist in the Multifamily Housing & Community Facilities Division. This role is responsible for supporting complex transactions within the Bond/Tax Credit Program, focusing on the preservation of the existing affordable housing portfolio and developing policies to ensure long-term sustainability of Commission-funded assets.
Financial Services
Responsibilities
This position will be mainly focused on preserving and restructuring existing projects in the state’s affordable housing portfolio as well as acquisitions and rehabilitations of existing housing stock that will become affordable long term through utilizing the financing tools that the Commission administers
Assist in the creation, refinement, and maintenance of the organization’s Preservation Policy, ensuring alignment with regulatory requirements, long‑term portfolio strategy, and affordability goals
Collaborate with Data Analysts and Asset Management Analysts to establish, develop, implement, and facilitate continuous improvement of the Expiring Property Risk Grid, including defining risk indicators, scoring methodology, and data inputs
Perform reinvestment workouts in collaboration with cross‑functional teams including Energy, Capital Needs Assessment (CNA), and Underwriting
Partner with Data and Analytics teams to improve data quality, automate risk tracking, and enhance analytical tools used for preservation decision‑making
Apply a professional understanding of applicable Sections of the IRS Code such as 42 (LIHTCs), 142 (tax-exempt bonds for rental housing and community facilities), and 145 (Nonprofit Bonds) to ensure successful achievement of professional responsibilities
Exercise delegated authority to review application threshold requirements for scoring, completeness, borrower development capacity, underwriting, and long-term viability
Manage the project development process and work with legal and finance professionals in guiding projects to successful financings
Interpret and clarify precedence and guidance regarding Section 42 of the Internal Revenue Service Code, the Washington State Tax Credit Program, and the Qualified Allocation Plan
Evaluate and underwrite projects for program participation through analysis of project viability, financial feasibility, and marketability
Manage individual workflow and monitor the progress of approximately 25 projects in various development stages, including projects using both the Bond/Tax Credit and 9% Tax Credit programs
Serve as the front-line communication with attorneys, financial advisors, developers, and lenders who work with the Commission
Assist division executive management in document and information preparation to be presented to the Commissioners, other divisions, and the executive office
Work on additional special projects throughout the year as identified by management and perform other duties as assigned
Qualification
Required
Proven ability to apply knowledge in Urban Planning, Finance, Real Estate, Public Policy, Building/construction programs, and procedures at federal, State of Washington, utility, and/or municipal levels
Demonstrated knowledge of public policy, planning, or environmental studies focused on housing/facility development, public finance, and sustainable energy issues
Ability to take action to learn and grow: Takes responsibility for increasing skills in new technologies and systems to make government programs more effective
Ability to take action to meet the needs of others: collaborates across diverse backgrounds to increase access and positive outcomes in housing and development
Preferred
A Bachelor's and/or Master's Degree in a related field is highly desirable
Experience in or with assessing/analyzing capital needs, construction technologies and/or building sciences
Experience with financing troubled projects or structuring workouts
Possession of a thorough knowledge of policy and procedures, and applicable laws regarding LIHTCs and tax-exempt bond issuance
Familiarity with real estate finance, development, federal, state, and local funding programs, housing, planning policy, and non-profit organizational structures
Use of professional judgment and analytical skills to manage multiple competing priorities using strong written and verbal communication, public speaking, and negotiation
Ability to communicate complex law and policy simply and effectively, both in a written form, and orally
Ability to manage the diverse processes of the different types of project management
Ability to market effectively to Commission contacts
Ability to work with a wide-range of people who have highly varying experience and knowledge of project development
Ability to negotiate in the best interests of the Commission and the public at large, which includes: the ability to think quickly; interpret policy, assess changing situations, the ability to think creatively; the ability to look for, and build consensus; the ability to be diplomatic; possession of the knowledge of when to be firm, and when to concede
Benefits
A full array of family medical, dental, life and long-term disability insurance coverage
A state retirement plan
Deferred compensation
12 paid holidays
Paid vacation, sick and military leave
Subsidized bus, train, or ferry passes
Credit union memberships
Alternate workweek schedules
Telecommuting
Company
Washington State Housing Finance Commission
Washington State Housing Finance Commission is a publicly accountable, self-supporting team.
Founded in 1983
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Fenice Taylor
Chief Financial Officer
Recent News
2025-10-09
2025-09-15
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