Lending Analyst II

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Job Description Multifamily Project Underwriting & Financial Analysis

• Coordinate the review of assigned multifamily applications.
• Determine eligibility for Low-Income Housing Tax Credits (LIHTC), tax-exempt bond financing, and Agency loans.
• Apply prudent underwriting techniques to complex affordable housing transactions.
• Conduct comprehensive reviews of applications, environmental reports, appraisals, market studies, financing commitments, and project updates.
• Assess financial feasibility and compliance with the Agency's QAP, Development Cost Limits, and Application Instructions.
• Conduct and monitor the 25% test for tax-exempt volume cap transactions.

Project Management & Stakeholder Coordination

• Serve as the primary point of contact for assigned developments.
• Act as liaison between developers and internal Agency divisions.
• Facilitate communication among Housing Management, Technical Services, Financing, Legal, and other stakeholders.
• Coordinate project review activities and ensure adherence to submission requirements and timelines.
• Reprioritize projects based on Agency staffing, financing resources, and bond issuance schedules.
• Participate in weekly project closing calls following Board approval.

Closing & Transaction Execution

• Facilitate financial closings for multifamily developments.
• Finalize pre-commitment packages, modification requests, and Board write-ups.
• Prepare closing-related documents, including:
• Subsidy Layering Reviews
• Indentures of Restrictive Covenants
• Invoices 42(m)
• Letters
• Other required closing documents
• Coordinate financing and bond strategies with Legal and Finance Departments.

Compliance, Regulatory Review & Risk Management

• Ensure projects meet Agency policies, underwriting standards, and program requirements.
• Verify compliance with federal, state, and local affordable housing funding programs.
• Monitor project financing structures for consistency with Agency policies.
• Maintain expertise in HUD, Housing Authority, municipal, county, and redevelopment authority programs.
• Identify and address application deficiencies throughout the underwriting process.

Documentation, Reporting & Records Management

• Prepare comprehensive developer correspondence and underwriting review memoranda.
• Document deficiencies and required resolutions throughout the review process.
• Maintain complete project files in both electronic and hard-copy formats.
• Ensure timely and accurate data entry into Agency systems.
• Produce Board materials and project status documentation.

Industry Relations & External Representation

• Represent the Agency at industry conferences, meetings, groundbreakings, ribbon cuttings, and housing events.
• Build and maintain relationships with developers, financing partners, and industry stakeholders.
• Serve as an Agency representative during project development and closing activities.

Strategic Planning, Research & Program Improvement

• Monitor affordable housing industry trends and policy developments.
• Provide recommendations regarding program enhancements and emerging market trends.
• Conduct qualitative and quantitative research to improve Agency programs, guidelines, and operational efficiencies.
• Support continuous improvement initiatives within the department.

Professional Development & Organizational Participation

• Participate in Agency-sponsored training and professional development opportunities.
• Maintain current knowledge of affordable housing finance, underwriting, and regulatory requirements.
• Perform additional duties as assigned.
• Maintain required in-office presence and collaborate effectively with Agency staff.

Qualifications

• Bachelor’s degree with a preferred degree…