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CDA Lending and Risk Analyst III (C22091)

Program Manager, Tax Credit Compliance

Recruitment #22-003727-0006

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Introduction

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:  As part of the Low Income Housing Tax Credit (“LIHTC”) compliance team for DHCD to meet all of the LIHTC compliance responsibilities derived from Section 42, to include the execution of Site Visits (as defined in Section 42).

This position provides:  The employee will perform all Site Visit functions (i.e. both file reviews and UPCS physical inspections) for the Western Region of the State independently, and lead a team in Site Visits in other areas of the State. The employee will also navigate responses from property management to Site Visit reports to determine whether “substantial non-compliance” will result in 8823’s and prepare 8823's where indicated. 

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.

GRADE

18

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.

POSITION DUTIES

The Tax Credit Compliance Program Manager is responsible for conducting various duties associated with the ensuring the compliance of the Low Income Housing Tax Credit (LIHTC) portfolio in Maryland. Key duties include leading Site Visits (as defined in Section 42). In that capacity the Manager conducts file reviews of selected LIHTC units, and physical inspections of selected LIHTC units. It is the cross-training in both of these disciplines (the enforcement of Federal law in file reviews and the UCPS physical inspection credits) that allows Manager to either lead a team or, on many occasions. Cross-training generates substantial savings for CDA. 

The State of Maryland is broken into 3 geographical areas for purposes of Site Visits. The Western region starts in the Westminster area and ends in the farthest corner of Western Maryland. The Eastern region is comprised of all areas East of the Chesapeake Bay. The Central Region is, by default, all areas that are outside the Western and Eastern regions. The Manager’s cross-training makes it possible for Site Visits in either the Western and Eastern regions of the State handled by the Manager without any other supporting personnel. 

Upon conclusion of a Site Visit the Manager is charged with generating a report of file and physical findings and delivering it to the owner/agent of the property concerned. The Manager is responsible then for working with the owner/agent to resolve all file and physical inspection issues, if possible. In that role Manager’s experience in the many nuances of file compliance are utilized to arrive at a decision of whether or not “substantial non-compliance” (as such expression is used the IRS 8823 Guide) is involved in a file issue. Manager’s finding of “substantial non-compliance” will then result in the generation of an 8823 for the property by the Manager for approval by his supervisor. Manager will also generate 8823’s in connection with Level 3 findings during a physical inspection of a LIHTC unit.

Manager also is engaged in ensuring the completion of annual desk audits of LIHTC units, reviewing the submission of annual compliance certifications for properties, coordination with internal staff at DHCD, and interaction with private and non-profit sector partners including property management companies and property owners. 

The Program Manager reports to the Director of Tax Credit Compliance and works in close coordination with other Tax Credit Compliance staff. 

At the present time, there are over 600 properties with over 60,000 units of rental housing that are subject to LIHTC requirements. The Portfolio includes a wide variety of building types such as high-rises, garden apartments and scattered site dwellings throughout the State. DHCD anticipates that it will experience an average annual net increase in the size of the Portfolio of around 40 properties with approximately 4,000 additional units for the foreseeable future. 

Under the federal Tax Reform Act of 1986, the Low Income Housing Tax Credit program was established. The Internal Revenue Service (IRS), as part of Treasury, administers the Program described in §42 of the Internal Revenue Code (Code). The Program grants owners of rental properties substantial credits against their federal income tax liability in exchange for leasing affordable rental housing units to qualified low-income households and individuals. In 1987, the Community Development Administration (CDA), a unit of DHCD, was designated, as required by the Code, by the Governor of Maryland as the state agency responsible for allocating tax credits and monitoring participant compliance. Within CDA, the Multifamily Housing unit is responsible for monitoring compliance by Program participants within the provisions of the Code. Specific information on administration of the Program in Maryland may be found in the Maryland Low Income Housing Tax Credit Program: Qualified Allocation Plan, and the LIHTC Compliance Manual. 

Federal law pursuant to the Community Renewal and Tax Relief Act of 2000 (Public Law 106-554; H.R. 5662), requires that DHCD conduct periodic site inspections and file reviews of units within LIHTC properties. The purpose of these inspections is to ensure compliance with the habitability and occupancy standards established by the Program. DHCD must also conduct an ongoing review of annual certifications and related supporting documents submitted by owners of their compliance with the provisions of the Code. Owners are required by the Code to certify annually to DHCD their compliance with the various provisions of the Code governing tenant income eligibility, rent eligibility, utility allowances, fair housing, habitability, document retention and other specific Code requirements. 

The federal Housing and Economic Reform Act (HERA) of 2008 mandated LIHTC Tenant Data Collection and/or other tenant demographic data be provided to the U.S. Department of Housing and Urban Development (HUD) on an annual basis. DHCD is responsible for submitting this information.

MINIMUM QUALIFICATIONS

Experience: Eight years of experience evaluating the risk involved in granting single family, multifamily and commercial loans, government assistance programs, and/or construction management.

Notes:

1. Candidates may substitute the possession of a Bachelor's degree from an accredited college or university in Business Administration, Architecture, Construction Management, Finance, Economics, Real Estate, Architecture or any other related field and four years of experience evaluating the risk involved in granting single family, multifamily and commercial loans, government assistance programs, and/or construction management for the required experience.

2. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in loan specialist classification, loan specialist specialty codes in the loan specialist field of work, or as a commissioned officer 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.  

DESIRED OR PREFERRED QUALIFICATIONS

  • Three years experience conducting UPCS Inspections
  • Three years experience reviewing tax credit files to determine compliance with Section 42 requirements.

SELECTION PROCESS

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.

EXAMINATION PROCESS

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.

BENEFITS

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.

FURTHER INSTRUCTIONS

Online applications are STRONGLY preferred. However, if you wish to submit a paper application, you may mail your application and materials to:

Miles Peterson 
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 miles.peterson@maryland.gov. Please include the following information in the body of the email: 
  • Attn: Miles Peterson, 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 301-429-7566. 

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.




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