Lending Analyst II

Pennsylvania Housing Finance Agency•Harrisburg, PA

About The Position

The Lending Analyst II coordinates underwriting and review of assigned multifamily affordable housing applications, including assessing eligibility for Low-Income Housing Tax Credits (LIHTC) and Agency loans. The role evaluates complex transactions and reviews application materials, environmental reports, appraisals, market studies, financing commitments, and project updates to assess financial feasibility and compliance with Agency requirements. The analyst serves as the primary contact for assigned developments and coordinates reviews among developers and internal Agency divisions, including Housing Management, Technical Services, Financing, and Legal. The position also supports financial closings, prepares pre-commitment and modification materials and Board write-ups, and produces required closing documents such as Subsidy Layering Reviews. The role ensures that projects meet Agency policies, underwriting standards, and applicable program requirements; identifies application deficiencies; maintains project documentation and Agency records; and prepares correspondence, review memoranda, Board materials, and status documentation. It also represents the Agency in industry settings, tracks industry and policy developments, conducts research to improve programs and operations, and participates in professional development. The position requires maintaining an in-office presence and collaborating with Agency staff.

Requirements

Bachelor’s degree, or an equivalent amount of relevant experience.
Three to five years of work experience in the affordable multifamily housing field; the qualifications section also lists relevant professional experience of 2–5 years.
Previous work experience with Low-Income Housing Tax Credit underwriting or development.
Relevant professional experience; the qualifications section specifies a Bachelor of Science in Business Administration/Management.

Nice To Haves

A degree in business administration, public administration, finance, computer technology, or real estate is preferred.

Responsibilities

Coordinate the review of assigned multifamily applications and assess eligibility for LIHTC and Agency loans.
Apply underwriting techniques to complex affordable housing transactions and review applications, environmental reports, appraisals, market studies, financing commitments, and project updates.
Assess financial feasibility and compliance with the Agency’s QAP, Development Cost Limits, and Application Instructions.
Serve as the primary point of contact for assigned developments and liaise between developers and internal Agency divisions.
Facilitate communication among Housing Management, Technical Services, Financing, Legal, and other stakeholders.
Coordinate project reviews, ensure adherence to submission requirements and timelines, and reprioritize projects based on Agency staffing, financing resources, and bond issuance schedules.
Participate in weekly project closing calls following Board approval.
Facilitate financial closings for multifamily developments and finalize pre-commitment packages, modification requests, and Board write-ups.
Prepare closing-related documents, including Subsidy Layering Reviews and other required documents.
Ensure projects meet Agency policies, underwriting standards, and program requirements, and verify compliance with applicable federal, state, and local affordable housing funding programs.
Monitor project financing structures for consistency with Agency policies and identify and address application deficiencies.
Maintain expertise in HUD, Housing Authority, municipal, county, and redevelopment authority programs.
Prepare developer correspondence and underwriting review memoranda; document deficiencies and required resolutions.
Maintain complete electronic and hard-copy project files, ensure timely and accurate data entry into Agency systems, and produce Board materials and project status documentation.
Represent the Agency at industry conferences, meetings, groundbreakings, ribbon cuttings, and housing events; build relationships with developers, financing partners, and other stakeholders.
Monitor affordable housing industry trends and policy developments and recommend program enhancements based on emerging trends.
Conduct qualitative and quantitative research to improve Agency programs, guidelines, and operational efficiencies, and support departmental continuous-improvement initiatives.
Participate in Agency-sponsored training and professional development and maintain current knowledge of affordable housing finance, underwriting, and regulatory requirements.
Maintain required in-office presence, collaborate with Agency staff, and perform additional duties as assigned.