LIHTC Senior Associate

Description

• Prepare presentations and reports for investment committees, lenders, and housing finance agencies.
• Model and evaluate Year 15 scenarios, including exit strategies, partnership buyouts, and asset disposition analyses.
• Prepare and review investor and lender due diligence materials, including financial forecasts, budgets, and legal documents.
• Stay up to date on LIHTC regulations, IRS compliance, state housing finance agency allocation processes, and HUD policies.
• Track and assist with construction loan paydowns and monitor equity installment schedules tied to project milestones.
• Prepare comparisons with prior projects.
• Track project performance against budget, schedule, and funding benchmarks.
• Build and maintain detailed pro forma financial models for LIHTC developments, incorporating debt, equity, and tax credit structures.
• Conduct underwriting of acquisition and development opportunities, analyzing feasibility, operating assumptions, and layered financing.
• Support permanent loan conversion processes, coordinating with lenders and attorneys to ensure conditions precedent are satisfied.
• Conduct market research to support site selection and competitive positioning.
• Perform calculations for credit delivery and timing adjusters, monitoring equity contributions tied to construction benchmarks and placed-in-service dates.
• Support preparation and submission of IRS Form 8609s, ensuring accuracy of eligible basis and final cost certifications.
• Review and comment on legal documents related to the transaction
• Support senior team members across the full development lifecycle, including acquisition, financing, construction, lease-up, and stabilization.
• Support negotiations with lenders, equity investors, and other capital providers through preparation of financial packages and analyses.
• Collaborate with legal, accounting, and compliance teams to ensure proper documentation and program compliance.
• Assist in analyzing and documenting 50% test compliance for tax-exempt bond-financed transactions.
• Monitor regulatory or market changes affecting tax credit pricing, interest rates, and affordable housing demand.
• Perform sensitivity analyses and scenario modeling to evaluate project risks, credit pricing, and investor returns.

Requirements

• Excellent organizational, time management, and communication skills
• Advanced LIHTC-Specific Responsibilities
• Strong Excel and analytical skills
• Bachelor’s degree in finance, business, real estate, urban planning, or related field is preferred but not required
• Strong understanding of financial concepts and the ability to reflect such concepts in financial models without direction
• 3 -4 years of experience in the development of affordable housing as a financial analyst, specifically in low income housing tax credit (LIHTC) financial analysis.
• Self-starter with the ability to handle multiple priorities and deadlines

Benefits

• Dental and Vision Insurance – Employee and dependent coverage options available, eligible 1st of the month after 60 days.
• Medical Insurance – 100% free option available for employee/company pays portion of dependent coverage, eligible 1st of the month after 60 days
• Development Support
• Rent discount – Employee rent discount after 90 days.
• You will be eligible to enroll in our 401K plan on the first day of the quarter following three months of employment.
• Our generous PTO package consists of 13 days of paid time off, which is pro-rated in each pay period and increases with tenure (available after 90 days of employment), ten holidays, and one-half day annually.

Training + Development

Interview process

Visa Sponsorship

Security clearance