Development Analyst

1 week ago


Cincinnati, United States Cincinnati Metropolitan Housing Authority Full time

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.



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