Development Officer II Community Assistance (C21014/393329)
Tax Credit Officer - Allocation
|Department||DHCD - Div of Dev Finance - Rental Svcs Programs|
|Date Opened||10/7/2021 4:09:00 PM|
|Filing Deadline||10/22/2021 11:59:00 PM|
|Salary||$21.57- $27.87/hour (Grade 15 Base - Step 9 with promotional growth to $34.33)|
|HR Analyst||Kathleen Hubbard|
This is a contractual position with limited 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 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.
The main purpose of this position is to assist the Director, Tax Credit Allocation, with the administration of the federal Low Income Housing Tax Credit (LIHTC) Program as well as to provide assistance with the continuing effort to successfully implement in-house compliance monitoring procedures.
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.
LOCATION OF POSITION
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.
Under the supervision of the Director, Tax Credit Allocation, analyze and assess complex tax credit allocations to determine the eligibility under Section 42 of the Internal Revenue Code and state law for low-income housing tax credits Program (the 'Program'). Provide technical and consultative assistance to members of the development team and others in connection with the tax credit allocations.
Research and analyze data and project information and prepare written and oral reports for the Director, Tax Credit Allocation, Program Directors, and Division Directors. Maintain data, prepare spreadsheets, graphs, charts, and annual and periodic reports as requested by the Program Directors and Division Directors using advanced Excel functions. Coordinate the closing and construction process for projects funded for 'tax-credit only' or projects financed by the Federal Low-Income Housing Tax Credit Program with no other state financing and projects financed with tax credits and local bond financing.
This individual also reviews applications submitted by developers for tax credits and state financing and requests for changes in ownership and management companies of tax credit- only projects. Work performed is complex and diversified in nature and requires an excellent working knowledge of Internal Revenue Service program regulations and Departmental procedures.
The position supports the Department's mission by: 1) helping low-income Maryland residents gain access to affordable and decent housing; and 2) working with partners to finance the development and preservation of affordable housing opportunities.
Education: A Bachelor’s degree from an accredited college or university in urban planning, financial management, business or public administration, political science, economic, marketing, management science or a related field.
Experience: Three years of community assistance experience in residential or commercial real estate development, governmental housing, community development or infrastructure development programs, including market research, planning, financial management, loan or grant program administration, capital projects or project development.
1. Candidates may substitute additional experience on a year-for-year basis for the required education.
2. Candidates may substitute graduate credit hours in urban planning, financial management, business or public administration, political science, economics, marketing, management science or a closely related field on a year-for-year basis for up to two years of the required experience.
3. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Business and Industry job family or Business and Industry job codes in the on a year-for-year basis for the required education and experience.
LICENSES, REGISTRATIONS AND CERTIFICATIONS
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.
Contractual employees who work for an agency covered under the State Employee and Retiree Health and Welfare Benefits Program (the Program), have a current employment contract and work 30 or more hours a week (or on average 130 hours per month) may be eligible for subsidized health benefits coverage for themselves and their dependents. As a contractual employee, you will be responsible for paying 25% of the premiums for your medical and prescription coverage, including any eligible dependents you have enrolled. The State of Maryland will subsidize the remaining 75% of the cost for these benefits. You can also elect to enroll in dental coverage, accidental death and dismemberment insurance, and life insurance, but will be responsible to pay the full premium for these benefits. Leave may be granted to a temporary/contractual employee who has worked 106 days in a 12 month period. This leave accrues at a rate of one hour for every 30 hours worked, not to exceed 40 hours per calendar year.
Online applications are STRONGLY preferred. However, if you wish to submit a paper application, you may mail your application and materials to:
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 Kathleen.Hubbard@maryland.gov. Please include the following information in the body of the email:
- Attn: Kathleen Hubbard, Senior 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.