Underwriter

Location
Lanham, Maryland
Salary
$71,142 - $89,344/year, full state of Maryland benefits
Posted
Jul 27, 2022
Closes
Aug 31, 2022
Function
Finance
Hours
Full Time

CDA Lending and Risk Analyst Senior II (045472 and 058778)
Underwriter
Recruitment #22-003730-0001
Filing Deadline  8/9/2022 11:59:00 PM
Salary  $71,142 - $89,344/year

Work that matters. The Maryland Department of Housing and Community Development (DHCD) is a national leader in the financing of affordable housing and revitalizing communities.  This is an opportunity to join this nationally-recognized, award-winning organization and apply your skills to this high public purpose and challenging area.  Annually, DHCD finances approximately 2,700 units of multifamily rental housing in 40 properties, amounting to $350 million in construction and permanent financing. Funding comes from a variety of sources, including state-appropriated funds, taxable and tax-exempt revenue bonds, federal low income housing tax credits, federal HOME funds and other federal funds.  Additionally, DHCD administers rental assistance programs and innovative initiatives designed to expand affordable housing opportunities for persons with disabilities, increase the energy efficiency and sustainability of affordable multifamily developments, and preserve rental housing.

We are hiring two positions: The CDA Lending and Risk Analyst Senior IIs are responsible for underwriting and closing tax-exempt bond, 4% low-income housing tax credits (LIHTC), 9% LIHTC, and State provided subordinate loans for affordable multifamily housing transactions by originating loans for the investments.  The positions underwrite and structure financing transactions using taxable and tax-exempt bonds, low-income housing tax credits, FHA insured loans, RAD, HAP, and other sources of housing capital and operating subsidy. The positions perform market/site analysis, deal structuring and modeling, and analysis of third party due diligence reports.  

This position provides: DHCD offers a flexible work schedule, telework and job sharing options, training, advancement and career path opportunities, casual business dress on Fridays, and a competitive salary. There is ample parking and our offices are located in walking distance to the New Carrollton MARC Train Station. Candidates must have eight years of experience (or a bachelor’s degree and four years). For more information and to apply online, please visit:
https://www.jobapscloud.com/MD/sup/bulpreview.asp?R1=22&R2=003730&R3=0001
 

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