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Job DescriptionKey Responsibilities
Determine the eligibility of more complex rental housing developments for loan and tax credit financing using sound land use, environmental issues, market criteria, and prudent loan underwriting techniques.
Coordinate all phases of the Agency’s multifamily application review process in a timely, complete and accurate manner.
Act as Liaison between PHFA’s multifamily divisions and rental housing developers being responsible for all necessary follow up with developers throughout the development process to assure compliance with Agency submission requirements and deadlines from application to project completion.
Act as Liaison between the Development Department and the Agency’s Legal and Finance Departments, communicating regularly as to the loan structure and terms in the tax-exempt volume cap transaction developments that are tied to the 4% LIHTC program.
Conduct and monitor the 50% test for tax-exempt volume cap transactions.
Originate correspondence relating to assigned developments and, as required, maintain necessary records, prepare reports and perform related activities (including data entry) in a timely, complete and accurate manner, which may include Carryover Allocation Agreements, Subsidy Layering Reviews, Indenture of Restrictive Covenants and related documents.
Be knowledgeable in PHFA rules and regulations related to tax credit, federal, state, and local funding programs.
Prepare and deliver written and verbal reports to the PHFA Board in conjunction with requests for Board action, as necessary. Represent PHFA at housing events, meetings and functions.
Mid-level professional with experience to contribute on a project or program. Role uses professional concepts to resolve problems while achieving day-to-day objectives. Works on developmental assignments that are requiring judgment and decision making. Requires theoretical knowledge through specific education and training.
QualificationsBachelor of Arts - Public Administration, Bachelor of Science - Business Administration/Management, Relevant experience (3-6 years)ExperienceRelevant professional experience (2-5 years)EEO StatementAs an employer, PHFA is committed to having a workforce that is diverse and reflects the residents that it serves. We strive to maintain a workplace where all employees and applicants for employment receive equal opportunities in all aspects of employment. There are numerous policies in place at PHFA to help us honor this commitment.
The Pennsylvania Housing Finance Agency is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, disability, family status, gender, national origin, political affiliation, race or religion.
PHFA values, honors and commits to the equitable treatment and elimination of discrimination in all forms. We are committed to the diversity of all staff, and in all programs and services offered.
Skills Required
- Bachelor's degree in Public Administration or Business Administration/Management
- Relevant professional experience (2-6 years) in lending, housing finance, or related field
- Knowledge of PHFA rules and regulations related to tax credit, federal, state, and local funding programs
- Experience with loan underwriting, LIHTC tax-credit financing, tax-exempt volume cap transactions, and the 50% test
- Ability to coordinate application review processes, maintain records, and perform accurate data entry
- Strong written and verbal communication; prepare reports and present to boards and stakeholders
What We Do
PHFA is the Commonwealth of PA's leading provider of capital for affordable homes and apartments. Created to help enhance the quality and supply of affordable homes and apartments for older adults, persons of modest means, and persons with disabilities.
