Job Description: Real Estate Appraisal Affordable Housing Appraiser
Position Overview:
The Real Estate Appraisal Affordable Housing Appraiser is responsible for conducting comprehensive property valuations and appraisals for affordable housing projects within the real estate and property management industry. The incumbent will play a crucial role in determining accurate property values, ensuring compliance with industry standards, and supporting decision-making processes related to the acquisition, development, and financing of affordable housing initiatives.
Key Responsibilities:
1. Conduct thorough research and analysis of relevant market data to determine property values for affordable housing projects.
2. Inspect and evaluate properties, considering factors such as location, condition, size, and market trends, to accurately assess their worth.
3. Prepare detailed written appraisal reports, including property descriptions, valuation methodologies, and supporting documents, in compliance with regulatory requirements.
4. Collaborate with team members, developers, lenders, and other stakeholders to gather necessary information and ensure all appraisal assignments are completed within established timelines.
5. Stay abreast of industry trends, market conditions, and regulatory changes affecting affordable housing appraisals.
6. Provide expert advice and recommendations to clients regarding property valuations, feasibility studies, and investment potential in the affordable housing sector.
7. Maintain accurate and up-to-date records of appraisal assignments, ensuring confidentiality and compliance with legal and ethical standards.
8. Participate in ongoing professional development activities to enhance knowledge and skills in real estate appraisals and affordable housing initiatives.
Required Skills and Qualifications:
1. Bachelor's degree in Real Estate, Finance, Economics, or a related field.
2. Certified Residential or Certified General Appraiser license from an accredited appraisal organization.
3. Solid understanding of real estate valuation methodologies, appraisal techniques, and industry standards, specifically related to affordable housing.
4. In-depth knowledge of local, state, and federal regulations governing affordable housing initiatives.
5. Proven experience in conducting appraisals for affordable housing projects, including familiarity with Low-Income Housing Tax Credit (LIHTC) program guidelines.
6. Proficiency in using appraisal software and tools to analyze market data, generate reports, and support valuation conclusions.
7. Strong analytical and problem-solving skills, with the ability to critically evaluate property information and apply appropriate appraisal techniques.
8. Excellent written and verbal communication skills, with the ability to effectively convey complex appraisal concepts to diverse stakeholders.
9. Detail-oriented and highly organized, with the ability to manage multiple appraisal assignments simultaneously.
10. Ability to work independently and collaboratively within a team environment, demonstrating a high level of professionalism and ethical conduct.
Note: This job description outlines the primary duties and requirements of the Real Estate Appraisal Affordable Housing Appraiser role. It is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with the position.