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CDA Lending and Risk Analyst Senior I (078523)


Recruitment #21-003729-0003


This is a Skilled Service position with full State of Maryland benefits

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 3,500 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.

The main purpose of this position is to underwrite and close applications to finance multifamily affordable housing typically using a mix of Low-Income Housing Tax Credits, private-sector debt, including tax-exempt bonds, federal/state/local subordinate debt, and other sources.




7800 Harkins Road, Lanham, MD 20706.

The Department of Housing and Community Development Headquarters is located in Prince George's County across from the New Carrollton Metro stop.


The CDA Lending and Risk Analyst Senior I is 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 position underwrites and structures 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 position performs market/site analysis, deal structuring and modeling, and analysis of third-party due diligence reports. The position performs development and feasibility analysis to evaluate pro forma, income and expense assumptions, market demand, zoning and land use, construction risks, capital budgets, and regulatory compliance. The position analyzes sponsor’s credit worthiness to assess liquidity, financial leveraging, experience and capacity. The position performs market/site analysis, deal structuring and modeling, and analysis of third-party due diligence reports and presents analysis and financing recommendation to loan approval committees. This position reports to the Team Leader and is responsible for keeping the Team Leader or supervisor abreast of underwriting or processing issues.The position coordinates closing due diligence by reviewing commitment letters, bond and loan documents, regulatory, and operating/limited partnership agreements. The position provides guidance and training to interns and less experienced underwriters as needed.


Education: A Bachelor’s degree in Finance, Business Administration, Economics, Accounting, Construction Management or a related field from an accredited college or university.   

Experience:  Four years of professional financial/risk analysis experience concerning government lending or assistance programs, or four years of experience in Construction Management pertaining to single family and or multifamily housing government programs (as applicable).   

1. A Master’s degree in Finance, Business Administration, Economics, Accounting or a related field from an accredited college or university may be substituted for two years of the required experience.   
2.  Candidates may substitute one year of professional financial, lending and risk or construction analysis experience, such as managing financial asset and debt portfolios, examining, analyzing, and interpreting accounting, budget, or grant or real estate investment portfolio records and reports, or managing government housing projects for 30 credits on a year-for-year basis for the required education.     
3.  Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Accounting or Loan Officer Classifications, or Financial Management specialty codes in the accounting field of work in business and industry classification, or business and industry specialty codes in the housing management field of work on a year-for-year basis for the required experience and education.


Preference will be given to applicants who possess the following preferred qualification(s). Include clear and specific information on your application regarding your qualifications.
  • Four years of experience in underwriting for multifamily housing and/or underserved communities  
  • Two years of experience working with Low-Income Housing Tax Credits, private-sector debt, including tax-exempt bonds, and/or federal/state/local subordinate debt. 
  • Two years of project development experience in multifamily housing and/or underserved communities


Employees in this classification may be assigned duties which require the operation of a motor vehicle. Employees assigned such duties will be required to possess a motor vehicle operator’s license valid in the State of Maryland.


Please provide sufficient information on your application to document that you meet the minimum qualifications for this recruitment. Unofficial transcripts, certifications or diplomas to document educational or certification qualifications are required. Educational credentials from foreign countries must be evaluated by an approved education review service. This evaluation must be submitted with your application. For further information, you may call International Consultants of Delaware, Inc. (302) 737-8715 or World Education Services Inc. 1-800-932-3897 or (202) 331-2925. Successful candidates will be placed on the employment (eligible) list for at least one year. Eligible list may be used to fill future vacancies of the same classification. Successful candidates must document eligibility to work in the U.S. upon hire.

Please note: The Maryland Department of Housing and Community Development is not sponsoring new employees in application of the H-1B Visa at this time due to budgetary constraints. All applicants must be legally authorized to work in the United States under the Immigration and Reform Control Act of 1986. Federal regulations prohibit H1B Visa candidates from paying sponsorship fees, all sponsorship fees must be assumed by the potential employer.


The examination will consist of a rating of your education, training, and experience related to the requirements of the position. You may be required to complete a qualifications supplement, or the rating may be based on your application. Therefore, it is important that you provide complete and accurate information on your application. Report all experience and education that is related to this position.



Online applications are STRONGLY preferred. However, if you wish to submit a paper application, you may mail your application and materials to:
Mrs. Kathleen Hubbard
Department of Housing and Community Development
Office of Human Resources
7800 Harkins Road, Lanham, MD 20706

All application materials must be received by the filing deadline. If you are unable to upload your transcripts into the system, please send via email to Please include the following information in the body of the email:
  • Attn: Mrs. Kathleen Hubbard, HR Generalist
  • Your First and Last Name
  • Recruitment #
  • Classification (Job Title) of Recruitment
Incorrect application forms, or resumes in place of the application, will not be accepted. If you are interested in these positions and cannot apply online please fill out the paper application. For questions concerning these positions, please call 301-429-7418.

TTY Users: call via Maryland Relay.

We thank our Veterans for their service to our country, and encourage them to apply.

As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.

Click on a link below to apply for this position:

Fill out the Supplemental Questionnaire and Application NOW using the Internet. Apply Online
View and print the Supplemental Questionnaire. This recruitment requires completion of a supplemental questionnaire. You may view and print the supplemental questionnaire here.
Apply via Paper Application. You may also download and complete the Paper Application here.