Preservation Specialist

Overview

In addition to the salary posted above, this position is currently receiving an additional 5% premium pay due to the position being in King County. The 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.

The Multifamily Housing & Community Facilities Division (MHCF) is one of the divisions of the Washington State Housing Finance Commission (the Commission) with primary responsibilities of assisting with the development of multifamily rental housing through the issuance of bonds and/or the allocation of Low-Income Housing Tax Credits (LIHTC). The Division also participates through federal bonds and loan programs in assisting nonprofit organizations develop community facilities, assisting beginning farmer/ranchers in acquiring property, and the development of energy efficiency and renewable energy projects.

This position is responsible for supporting complex transactions within the Bond/Tax Credit Program, with a specialized focus on the preservation of the existing affordable housing portfolio. In addition to transaction support, the Senior Analyst is responsible for developing and implementing policies that streamline preservation efforts and ensure the long-term sustainability of Commission-funded assets.

The Senior Bond/Housing Tax Credit Analyst - Preservation Specialist leads the preservation and rehabilitation of affordable housing and community facilities through the strategic application of the Bond/Tax Credit Program. The Analyst must demonstrate a deep professional understanding of Commission programs, as well as private, public, and federal funding including LIHTC, tax-exempt bond financing, and rehabilitation incentives. This role requires expertise to evaluate the needs of the existing portfolio to ensure these critical community assets remain viable and affordable for the long term.

The duty station for this position is Seattle, WA. The work associated with this position will be performed through a combination of teleworking and onsite work and meetings as needed. Employees must reside in Washington state and within a reasonable distance of our worksite to respond to workplace reporting requirements.

Who we are:

The Commission is a market-driven and self-supporting agency created to provide below-market rate financing for building, purchasing, or preserving affordable housing and nonprofit capital facilities. The Commission functions as a financing conduit between developers, lenders, first-time home buyers, real estate professionals, and nonprofit organizations to provide affordable financing for homes, rental housing, civic and social services facilities, energy conservation projects and first-time farmers and ranchers.

We believe that creating a diverse, inclusive, and equitable environment is important and vital to the success of the Commission. We believe in working together to create an environment free from harassment and discrimination and moving beyond simple tolerance to embracing and celebrating the rich dimensions of diversity contained within each individual.

• 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…