Construction and Acquisition Analyst-Affordable Housing

at  National Church Residences

PURPOSE

According to the prescribed policies and procedures of the organization including all applicable federal, state and local regulations and under the general supervision of the Director of Finance and Vice President of Affordable Housing Finance and Development, on development opportunities, loan closings (construction, refinance, etc), loan conversions, construction accounting as needed, ad hoc reporting including construction period reporting and FHA loan draws, and interface directly with HUD, lenders, auditors and other 3rd parties on Development matters.

ESSENTIAL FUNCTIONS

• Generate and manage financial models for the development team including, without limitation, project refinances, acquisitions, and/or 4% and 9% tax credit models. Continuously communicate with (and support) Senior Underwriter, Project Leaders, asset managers and financial partners to update same.
• Focus on financial refinances for non LIHTC opportunities and financial refinances for LIHTC properties outside of their initial incompliance period. Assist with the same and assist closing efforts in partnership with the Vice President of Affordable Housing Finance and Development and internal/external legal team.
• Perform debt analysis and comparison between different debt products (FHA, Fannie Mae, Freddie Mac, Conventional, etc). Perform and analyze stress tests on above models (ex – evaluate impact of rising interest rates, falling rents, increased vacancies, etc.).
• Responsible for quality control of refinancing financial models and tax credit financial models (ie, manage models regarding underwriting integrity and project budgets)
• Assist the Vice President of Development Closings with final loan closings and underwrite, coordinate and submit all loan conversion packages.
• Support the construction accounting staff on various investor, lender, and state agency requests. Interface directly with outside parties on development finance matters.
• Prepare and submit 10% carryover allocations and cost certifications in accordance with state finance agency requirements.
• Prepare and submit draw packages to lenders and finance agencies to secure all financing for assigned portfolio.
• Prepare and report out on project forecasts for assigned projects.
• Performs other duties as assigned, including ad hoc and construction period reporting.
• Assumes responsibility for related duties as required or assigned.
• Manages relationships, both internally and externally exercising appropriate communication and interpersonal skills.
• Completes assigned training.