Job Description
Position Summary:
The Senior LIHTC Development Consultant serves as a trusted advisor to affordable housing developers, providing independent, high-level leadership on low-income housing tax credit (LIHTC) transactions. This role leads 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
• Lead and advise on LIHTC development strategy, feasibility analysis, and capital stack structuring.
• Serve as primary 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).
• Develop scoring and positioning strategies.
• Lead 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 primary client contact and strategic 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.
Your Background and Skills
• Bachelor's degree in Business Administration, Political Science, Public Policy, or a related field and at least 9 years of LIHTC development or consulting experience. Additionally, independent project and client management experience is required.
• Preferred CPA, MBA, MRED, JD, or similar credential. Multi-state 9% and 4% experience.
• Strong 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.
• Strong project management skills with the ability to manage multiple complex engagements, timelines, and deliverables simultaneously.
• Ability to communicate complex financial, regulatory, and LIHTC program concepts clearly to clients, stakeholders, and internal team members.
• Strong relationship management and advisory skills with the ability to collaborate effectively with internal and external stakeholders.
• Ability to exercise independent judgment and lead complex LIHTC transactions with limited 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.
