LIHTC Development Consultant
Location
United States
Posted
50 days ago
Salary
$111K - $150K / year
Seniority
Mid Level
No structured requirement data.
Job Description
LIHTC Development Consultant
Novogradac & Company LLP
Role Description The LIHTC Development Consultant serves as an advisor to affordable housing developers, providing objective leadership and technical expertise on low-income housing tax credit (LIHTC) transactions. This role assists with complex 9% and 4% bond-financed LIHTC developments from early feasibility through application, award, and closing, exercising professional judgment with minimal oversight while managing client relationships and mentoring staff. Your Contributions and Responsibilities - Project Leadership & Strategy - Engage in and advise on LIHTC development strategy, feasibility analysis, and capital stack structuring. - Serve as an advisor on 9% and 4% LIHTC transactions. - Evaluate underwriting assumptions, risks, and structuring alternatives. - Support client pipeline planning and long-term LIHTC strategy. - Application & Allocation Leadership - Direct preparation and review of LIHTC applications under applicable Qualified Allocation Plans (QAPs). - Assist in development of scoring and positioning strategies. - Engage in agency interactions and respond to clarification requests. - Guide clients through awards and post-award requirements. - Financial Modeling & Transaction Support - Review and evaluate sources and uses, credit calculations, and operating pro formas. - Advise on equity pricing and investor requirements. - Support closings and post-award activities through 8609 issuance. - Client & Stakeholder Management - Serve as a client contact and advisor. - Coordinate with developers, lenders, investors, attorneys, and agencies. - Communicate complex LIHTC concepts clearly. - Mentorship & Practice Contribution - Review work of staff, as applicable. - Provide training to staff and clients. - Contribute to internal knowledge sharing and best practices. Qualifications - Bachelor’s degree in Business Administration, Political Science, Public Policy, or a related field. - At least five years of LIHTC development or consulting experience. - Preferred CPA, MBA, MRED, JD, or similar credential. - Multi-state 9% and 4% experience. - Knowledge of LIHTC program, including 9% and 4% transactions, QAPs, and state housing agency processes. - Knowledge of affordable housing finance structures, including capital stack development involving equity, debt, tax credits, and other public or private funding sources. - Ability to analyze risks, assumptions, and structuring alternatives and provide strategic recommendations to clients. - Ability to communicate complex financial, regulatory, and LIHTC program concepts clearly to internal team members. - Relationship management and advisory skills with the ability to collaborate effectively with internal and external stakeholders. - Ability to exercise independent judgment and assist in complex LIHTC transactions with oversight. - Excellent verbal and written communication skills. - Ability to effectively prioritize a fast-paced and varied workload, effectively manage a variety of concurrent and shifting priorities. - Strong computer skills, including solid skill in the Microsoft Office suite (particularly Excel) and report writing tools. Benefits - Increased number of paid holidays per year. - Competitive salaries with continuous review of market conditions. - Flexible working hours and work arrangements. - Remote and hybrid opportunities. - Inclusive workplace, providing strong professional growth and development opportunities. - Strong growth opportunities. - Competitive benefits package. - 401(k) package with firm profit-sharing. - Strong emphasis on quality work-life integration. - Dress for your day policy. - Resources of a national firm. - Opportunities to engage with our active Employee Resource Groups (ERGs), affinity groups, and advance your career within a supportive, inclusive environment.
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