Tax Credit and Discretionary Exemption Analyst, Division of Housing Incentives

About the Agency:

The New York City Department of Housing Preservation Development (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the city’s neighborhoods because every New Yorker deserves a safe, affordable place to live in a neighborhood they love.
- We maintain building and resident safety and health
- We create opportunities for New Yorkers through housing affordability
- We engage New Yorkers to build and sustain neighborhood strength and diversity

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Your Team:

The Office of Development leads the implementation of the Mayor’s Housing Plan to create or preserve 300,000 units of affordable housing by 2026. This is performed in close collaboration with HPD colleagues, other City and state agencies, and the New York City Housing Development Corporation (HDC).

The Office of Development is composed of nine divisions:

- Executive Office Operations and Policy
- Division of Compliance and Enforcement
- Division of Housing Incentives
- Division of Building & Land Development Services
- Division of New Construction Finance
- Division of Homeownership Opportunities & Preservation
- Division of Preservation Finance
- Division of Special Needs Housing
- Division of Portfolio Management and Conversion

Your Impact:

The Tax Credits & Discretionary Exemptions (“TCDE”) Unit, operating within the Office of Development’s Division of Housing Incentives, is responsible for the allocation of a portion of the State of New York's federal Low Income Housing Tax Credit (“LIHTC”) allotment - both 9% competitive credits and 4% credits. Discretionary Exemptions include 420-c tax incentive, a complete or partial tax exemption for low-income housing development with tax credits, Article XI, a partial tax exemption for HDFC-owned new construction or rehabilitation of affordable housing, and UDAAP, a partial tax exemption for rehabilitation or new construction of housing in Urban Development Action Area Project (“UDAAP”) areas.
The TCDE programs support the development of new construction and preservation affordable housing with financing through tax credits and/or tax exemptions. These programs operate under tight deadlines and deal with highly complex, technical, and politically sensitive issues, and rely on both the technical and strong leadership skills of the Deputy Director to help meet the agency’s goals effectively.

Your Role:

As an Analyst for the TCDE Unit you will help address the city’s affordable housing crisis by administering programs that support the new construction and preservation of affordable housing projects.

Under the supervision of the Director for TCDE, the Analyst will perform complex technical, administrative and analytical work in the administration of tax credits and discretionary tax benefit programs. The management of projects regularly involve coordination with the private sector and other city and state agencies.

Your Responsibilities include but are not limited to:

- Manage a high volume of projects for completeness, accuracy, eligibility, and prepares files for supervisory review;
- Conduct thorough due diligence in issuance of tax credit allocation and determination of discretionary tax benefit;
- Maintain meticulous and organized files to ensure accurate status of projects;
- Provide programmatic and technical guidance to internal and external partners on projects issues;
- Support and spearhead resolution of technical program issues and project management;
- Generate program and project reports as needed;
- Work with other Division staff to update and maintain tracking and project management systems and to compile Division-wide data for reports to senior managers, the New York City Mayor's Office and the City Council; and
- Assist Director and other senior staff with special projects, as needed.

Preferred skills

- (1) A baccalaureate degree from an accredited college and two years of experience in community work or community-centered activities in an area related to the duties described above; or (2) high school graduation or equivalent and six years of experience in community work or community-centered activities in an area related to the duties; or (3) education and/or experience which is equivalent to "1" or "2" above. However, all candidates must have at least one year of experience as described in "1" above
- Candidates must have excellent verbal and written communication and strong interpersonal skills;
- Ability to meet deadlines and manage multiple projects in a timely manner and to be a team player;
- Research and analytical skills;
- Keen attention to detail and organizational skills;
- Excellent verbal and written communication skills; and
- Strong facility with Microsoft Office Suite (Word, Excel, Outlook, PowerPoint)

COMMUNITY COORDINATOR - 56058