What are the responsibilities and job description for the Development Analyst position at CINCINNATI METROPOLITAN HOUSING AUTHORITY?
SCOPE: This position is support for the Development department and will report directly to the Development Director. During the development-period project life of affordable and Low Income Housing Tax Credit (LIHTC) transactions from the time a property is under contract and/or Letter of Intent, through the time when all development funds have been disbursed.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
The below statements are intended to describe the general nature and scope of work being performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required.
• Under the supervision of the Development Director:
• Underwrite multi-family real estate investment opportunities;
• Correspond with owners and brokers to gather due diligence;
• Coordinate market research;
• Analyze LIHTC and other affordable housing programs to determine project feasibility;
• Assist with coordination of project management goals of multiple affordable housing transactions, including the
• acquisition, development, refinancing, and/or rehabilitation of affordable housing projects, including through the use of LIHTC;
• Assist with working with lenders, including but not limited to FHA, to secure debt for new construction and refinancing;
• Assist with working with project team on various tasks needed to complete affordable housing funding applications;
• Assist with ongoing financial modeling of the development;
• Support and may oversee progress of seller, buyer and lender due diligence checklists;
• Provide research and analytical assistance;
• Track project status, coordinates meetings, track deliverables both internally and externally;
• Order and critically review third party reports for development projects;
• May assist with coordinating and assembling funding draw requests during construction for review by the
• Development Director, ensuring adherence to approved project budget; obtain funding approval of financial partners; oversee facilitation of funds once released to ensure timely payment/reimbursement of project costs; track interest payment deadlines during construction;
• Communicate with internal clients and external vendors; and
• Perform additional duties as assigned.
