Housing Development Analyst

Are you passionate about making a difference in communities through affordable housing initiatives? If so, we invite you to join our dynamic team at the North Carolina Housing Finance Agency (NCHFA). As part of the Rental Development team at NCHFA, you will have the opportunity to work alongside a dedicated team of professionals who share a common mission: to expand access to safe, affordable housing for all North Carolinians. As a Housing Development Analyst, you will play a crucial part in shaping the landscape of affordable rental housing across North Carolina, by providing financial analysis and technical support for the construction of new apartments and the preservation of existing apartments through a variety of state and federal housing programs.

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.

Location: Hybrid / Raleigh, NC

Responsibilities

-Develops, modifies and implements program guidelines for multiple rental housing development programs administered by the Agency.

-Evaluates project applications and makes recommendations to management concerning project feasibility.

-Conducts on-site and neighborhood evaluations and reviews market studies to determine project suitability.

-Reviews, scores and analyzes applications for required documentation and completeness. Performs necessary follow-up to correct errors or deficiencies in development proposals and prepares required file documentation in an accurate and timely manner.

-Determines financial feasibility by reviewing proformas, rents, development costs, operating budgets and funding sources. Ensures financial feasibility from application stage through project being placed in service.

-Reviews projects for compliance with federal and state tax credit regulations, Rental Production Program, HOME Program, and other program requirements.

-Assists on loan closing with the Legal Affairs Group.

-Maintains current knowledge of local, state and federal regulations that affect rental housing production.

-Helps design, test and implement computer systems and applications.

-Provides technical assistance to organizations developing rental production projects; helps applicants understand program requirements and application procedures; provides technical assistance to Agency staff concerning rental programs and regulations.

-Represents the Agency to units of government, nonprofit and for-profit organizations and community groups to assess community housing needs.

-Conducts and assists with workshops, seminars and training sessions for participants in rental programs.

-Makes periodic site inspections with construction and compliance staff to monitor the progress of the project’s development.

-Maintain professional relationships with developers.

Qualifications

-A bachelor’s degree from an appropriately accredited institution with a major in business administration, real estate finance, urban development or a related field and at least three years of experience in rental housing development, construction, management or mortgage underwriting, is required. An equivalent combination of experience and education will be considered.

Knowledge, Skills & Abilities

-Real estate development procedures; financial proformas; loan underwriting; management practices; federal, state, and local regulations regarding rental and subsidized housing occupancy; ability to interpret financial statements and legal documents. Strong and accurate attention to detail, problem-solving, and strong communication. Ability to work independently and prioritize competing tasks while maintaining a high degree of quality. Basic knowledge of Microsoft Office products with intermediate knowledge of Microsoft Excel is needed.

Must apply online at https://www.nchfa.org/JobApplication/Application/JobDetails/232

Please complete online application and attach resume and cover letter when you apply.