Housing Development Analyst

Overview

At NCHFA, we provide safe, affordable housing opportunities to enhance the quality of life of North Carolinians. We are a self-supporting public agency that, since its creation by the General Assembly, has financed more than 310,700 affordable homes and apartments.

Residency

Must be a resident of North Carolina

Location

Remote/Hybrid allowed

Group

Rental Programs

In-office Requirements

Occasional in office as required

Grade Level / Salary Range

NC15 / $62,282 - $77,490

Main Objectives

1.     Evaluate and review applications for various state and federal funding, and Federal Low-income Tax Credits

-       Reviews tax credit applications following established practices used by senior analysts and program guidelines for compliance.

-       Performs necessary follow-up to correct errors or deficiencies in development proposals.

-       Reviews proforma such as development costs, rents, operating budgets and funding sources of construction completed projects to ensure financial viability and program compliance to release federal tax forms for investors.

2.     Site and neighborhood evaluations/Site Scoring/Site Visits

-       Performs site visits to verify scoring and site suitability components of proposed developments and reports results to leadership.

-       Compiles information such as site plan, amenities maps and responses included in the Site Scoring Self Evaluation of applications.

-       Confirms distances of proposed sites to eligible amenities using Google Map based on tracking spreadsheet.

3.     Market Study Review

-       Reviews and analyzes market study information such as absorption and capture rates used to determine projected occupancy stabilization of a proposed property in the identified market area.

4.     Provide Technical Assistance

-       Becomes familiar with federal funding requirements to be able to answer developer questions.

-       Provides guidance to external customers about program requirements and application procedures.

5.     Compliance of Local, State and Federal Regulations

-       Stays abreast of tax credit programs by attending conferences and training.

-       Attends training opportunities that may encompass environmental issues. 

Education & Experience

Bachelor’s degree in business administration, real estate finance, urban development, or related discipline; an equivalent combination of experience and education and 2 years of experience in rental housing development, construction management or mortgage underwriting.

Will consider an equivalent combination of relevant education and experience.

Knowledge, Skills, & Abilities

-       Solid knowledge of real estate development procedures, federal, state and local regulations regarding rental and subsidized housing

-       Good ability to interpret financial statements and legal documents

-       Good understanding of the Agency line-of-business systems used to complete the Agency’s work

-       Solid time management skills

-       Solid ability to work with construction team members and other Agency department staff members

-       Good verbal and written communication skills

Salary is commensurate with relevant education and experience

Benefits

Major Medical > Dental> Vision> Health Care FSA> Dependent Day Care FSA> Cancer> Critical Illness> Disability (long and short-term) > Voya Travel Assistance> Term Life> Accidental Death & Dismemberment> Accident> Voluntary 401k & 457> Teachers’ and State Employees Retirement System (PENSION!) > Continuing Education> Professional Development> Annual Longevity Check (at service milestones)

Paid Time Off: 12 holidays Accrued Vacation> Sick> Personal> Community Service/Parental> Personal Observance> Bereavement>FMLA> Family Illness Leave> Paid Parental Leave

Job Number

415

Closing Date

Open Until Filled

Resume

Required