Director of Tax Credit and Bond Allocation

Director of Tax Credit and Bond Allocation

Date Posted: Nov 5, 2026

Requisition ID: 486392

Location:

Indianapolis, IN, US, 46204

Work for Indiana

Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.

About the Indiana Housing and Community Development Authority (IHCDA):

The Indiana Housing and Community Development Authority (IHCDA) is a public body corporate and politic of the State of Indiana and is committed to serving the entire spectrum of housing, from homelessness to homeownership. Our mission is to advance opportunity, affordability, and stability in housing to ensure each and every Hoosier feels at home in their community.

Role Overview:

The Director of Tax Credit and Bond Allocation contributes to fulfilling IHCDA’s mission and meeting strategic and annual IHCDA operational and program goals by overseeing the allocation policies, processes, and personnel for IHCDA’s tax credit and bond capital funding programs, including Section 42 Low Income Housing Tax Credits (9% and 4%), multifamily tax-exempt bonds, state Affordable Workforce Housing Tax Credits (AWHTC), and the Tax Credit Assistance Program (TCAP).

As a member of the RED management team, the Director takes the lead in identifying areas for improvement in the department, promotes customer service and a continuous improvement philosophy among employees, and demonstrates leadership in interacting with all constituents, both internal and external.

Salary:

The salary for this position traditionally starts at $86,450.00 but may be commensurate with education and work experience. Use our Compensation Calculator (https://in.accessgov.com/spd/Forms/Page/spd/compensation-calculator/0) to view the total compensation package.

A Day in the Life:

The essential functions of this role are as follows:

Policy and Process Responsibilities:

• Develop and update the application and allocation procedures and policies for all assigned programs, including development of the Qualified Allocation Plan (QAP) and all related schedules and exhibits.

• Ensure all policy changes include opportunities for internal and external feedback.

• Advise Chief Real Estate Development Officer and other RED directors/managers on policy updates for other RED funding programs and special initiatives.

• Utilize continuous improvement to increase efficiency, reduce red tape, and track departmental metrics.

• Write RED Notices to keep partners updated and informed on policy and procedures.

• As needed, research statutory and regulatory changes and IRS/Treasury Guidance.

• Follow best practices and trends among the Housing Finance Agency community by actively participating in NCSHA forums and events.

Programmatic Responsibilities:

• Track available tax credit and bond funding to ensure funds are properly and timely allocated and not over-committed.

• Oversee the development and maintenance of application forms and systems to ensure developers can submit funding applications to IHCDA.

• Oversee all aspects of the application and allocation process for assigned programs, including threshold review, financial feasibility review through underwriting process, and scoring. Provide oversight of the application review process by coordinating review assignments, schedules, and deadlines.

• Ensure quality standards are met in all aspects of application and allocation process including awarding all tax credits on an annual basis to a de minimis level.

• Advise Chief Real Estate Development Officer and other RED directors/managers of funding recommendations and ensure such recommendations are appropriately presented to the Executive Team and IHCDA Board of Directors.

• Prepare correspondence including memos to the IHCDA Board of Directors and award notifications.

• Submit all necessary reports to IRS in a timely and accurate manner, including issuance of IRS Forms 8609 and the annual Form 8610.

• Review modification requests and present multiple options and recommendations. Ensure modification requests are completed in a timely manner and track turnaround time for approval/denial through department metric.

• Provide technical assistance to partners in 1:1 settings and in group training.

Management Responsibilities:

• Coordinate and manage the daily responsibilities of all assigned programs, including supervision of staff.

• Hold staff accountable for meeting goals and assignments. Take appropriate steps when problems occur.

• Provide ongoing coaching and training to staff.

• Ensure collaboration with other internal teams and resources. (legal, accounting, etc.)

• Accountable for the preparation and updating of internal standard operating procedure manuals.

• In conjunction with the Chief Real Estate Development Officer, develop and monitor annual budgets and goals.

This position is exempt from overtime compensation for additional work hours which may be required to complete essential functions or other assigned work. Exempt employees may work more than 75 hours in a pay period without additional compensation and must report a minimum of 75 hours per pay period of work hours and/or paid leave taken to receive their base biweekly salary.

What You'll Need for Success:

Individuals in this role should minimally be able to articulate or demonstrate the following:

• Demonstrates effective verbal and written communication skills.

• Demonstrates strong presentation skills. Can facilitate both large and small group presentations.

• Able to lead a high-performing team in a collaborative and results-oriented manner. Possesses the skills, abilities, and desire to lead, develop, and empower staff.

• Demonstrates customer service orientation.

• Demonstrates a commitment to problem solving and a focus on being solutions oriented.

• Able to think logically and analytically.

• Able to research and comprehend complex regulations and put that information into practice through policy and procedures.

• Proactive in anticipating and alerting others to problems with projects or processes.

• High detail orientation and accuracy.

• Takes initiative and needs little supervision.

• Performs responsibilities efficiently and timely. Able to prioritize, organize tasks and time to meet deadlines, and follow up.

• Able to work well in a team environment and as part of a team.

• Proficient in basic computer skills, i.e. Microsoft Word, Excel, PowerPoint, Teams, internet usage, and e-mail.

• Proficient in basic mathematics

• Able to perform essential functions with or without reasonable accommodation.

Supervisory Responsibilities/Direct Reports:

This role may be utilized in a supervisory capacity based on agency needs.

Benefits of Employment with the State of Indiana:

The State of Indiana offers a comprehensive benefit package for full-time employees which includes:

• Three (3) medical plan options (including RX coverage) as well as vision and dental plans

• Wellness Rewards Program: Complete wellness activities to earn gift card rewards

• Health savings account, which includes bi-weekly state contribution

• Deferred compensation 457(b) account (similar to 401(k) plan) with employer match

• Two (2) fully-funded pension plan options

• A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:

• 150 hours of paid New Parent Leave and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers

• Up to 15 hours of paid community service leave

• Combined 180 hours of paid vacation, personal, and sick leave time off

• 12 paid holidays, 14 on election years

• Education Reimbursement Program

• Group life insurance

• Referral Bonus program

• Employee assistance program that allows for covered behavioral health visits

• Qualified employer for the Public Service Loan Forgiveness Program

• Free Parking for most positions

• Free LinkedIn Learning access

Equal Employment Opportunity:

The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role. If you require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at [email protected].

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