Charitable Advisors LLC
  • 06-Dec-2017 to 04-Jan-2018
  • - Indiana Housing and Community Development Authority (IHCDA)
  • Indianapolis, IN, USA
  • Full Time

The Real Estate Investment Underwriter works as part of the Real Estate Development team analyzing applications to determine the financial feasibility of proposed projects seeking state and federal dollars to create or rehabilitate affordable housing developments across the state.  This includes funding for programs such as Section 42 low income tax credits, HOME Investment Partnership, Community Development Block Grant (CDBG) and the Affordable Housing Development Fund. 

The IHCDA is a quasi-agency of the State of Indiana and is committed to serving the entire spectrum of housing, from homelessness to homeownership.  Our charge is to provide housing opportunities, promote self-sufficiency and strengthen communities, in order to build an Indiana with a sustainable quality of life for all Hoosiers in the community of their choice.  To learn more about IHCDA visit us at www.in.gov/ihcda.

Key Duties of the Real Estate Investment Underwriter Include:

• Analyze financial and operating data to ensure projects are feasible and sustainable.
• Assess financial strength, experience, performance and capacity of borrowers, principals and sponsors.
• Propose financing structures and terms that are in best inters of the applicant and IHCDA.
• Research and compile information related to trends in market demand, rental rates, operating expenses and other data that will improve the underwriting knowledge base.

Required Education and Experience
Bachelor's degree in finance, accounting, business, public administration, planning or real estate development.  1-3 years relevant job experience in the commercial lending, credit analysis, affordable housing development or real estate finance/development fields. 

Preferred Experience
Certifications in Low-Income Housing Tax Credits, HOME and CDBG programs preferred. 

Travel:  Minimal in state travel may be required.  A valid Indiana Driver's License must be maintained during employment.

Click the APPLY button to apply online. Then click on "Avanced Search", and search for Job ID 611635.

Please visit www.careers.IN.gov to learn more about this position and the benefits of working for the State of Indiana.

Charitable Advisors LLC
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