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NEOGOV · 1 day ago

Senior Bond/Housing Tax Credit Analyst - Preservation Specialist

King County - Seattle - Downtown Business, WA

Full-time

Hybrid

Senior Level

$8,560/mo - $11,621/mo

NEOGOV is seeking a Senior Bond/Housing Tax Credit Analyst - Preservation Specialist to join the Washington State Housing Finance Commission. This role focuses on preserving and restructuring affordable housing projects, implementing policies for preservation efforts, and collaborating with various teams to enhance project viability and sustainability.

GovTechHuman ResourcesInformation TechnologySoftware

No H1B

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

Low-Income Housing Tax CreditsTax-Exempt BondsAffordable Housing PreservationUrban PlanningPublic PolicyReal Estate FinanceAnalytical SkillsCommunication SkillsNegotiation SkillsProject Management

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