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You have at least 2 years experience with HUD Section 8, LIHTC, and/or other affordable housing programs. With over 50 years of experience in affordable housing acquisitions and development, Related Affordable is renowned nationally for its financing, preservation, and rehabilitation innovation.
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The Director, Credit will analyze risk related to affordable rental housing investments utilizing Low-Income Housing Tax Credit (LIHTC) financing. Excellent analytical skills and knowledge of LIHTC equity underwriting and other real estate feasibility analyses.
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In-depth experience in using affordable housing financing tools including LIHTC, OAHTC, FHA loan products, Project-Based HAP contracts, CDBG, HOME, HUD, bond programs, year-15 exists, etc.
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Thorough knowledge of HUD, LIHTC, TDHCA, TAA, low-income housing tax credit, tax-exempt bond and other affordable housing programs. Conducts regular onsite audits consisting of sampling tenant files to ensure compliance with program documents, financing restrictions, LIHTC requirements, HUD Regulations, TDHCA Regulations, and TAA requirements.
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Strong understanding of HUD/LIHTC/affordable housing regulatory agreements, fair housing laws, affordable housing management principles, and the affordable housing development process, ability to understand local landlord/tenant regulations.
$150,100 - $158,000 a yearFull-timeExpandApply NowActive JobUpdated Yesterday - UpvoteDownvoteShare Job
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Works closely with a team of Relationship Managers on structuring and servicing Low Income Housing Tax Credits (LIHTC) equity and debt products to commercial real estate developers of affordable housing.
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Solid understanding and experience with LIHTC, MHP, AHP, including financing and development. As of 2021, NEW has evolved to annually serve nearly 17,000 people and has developed over 1,600 units of affordable housing across 15 housing developments, built and rehabilitated 110 affordable single-family homes, built more than 200,000 square feet of community, public school and health clinic space, and created two high-performing charter elementary schools.
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3-5 years of experience in Affordable Housing Programs (Section 8 HUD, LIHTC, HOME, and AHP regulations) required. Demonstrated knowledge of public/private sector housing developments and financing programs (Section 8, HUD, HOME, Tax Exempt Bonds and Tax Credit.
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Project budgeting and creation of development and operating proformasProject financing includes funders such as HUD and LIHTC tax credits and all other programs offered by both the state of Nevada and Clark County, both state and federal.
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The ideal candidate will have strong experience in tax credit financing, renewable energy, affordable housing, and economic development. Low Income Housing Tax Credits (LIHTC) The ideal candidate will have strong experience in tax credit financing, renewable energy, affordable housing, and economic development.
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Proven experience and broad understanding of LIHTC investments, tax exempt bond financing and other government loan programs for housing development and other non-traditional investment products and programs.
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Solid understanding of financing sources such as TCAC, LIHTC, MHP, AHP, etc. Prepares applications for funding, regulatory approvals, coordinates loan closings and prepares draw requests; and other matters related to affordable housing development.
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Closely assist and support general counsel and the development team in acquisition, disposition, financing, and refinancing affordable housing transactions; Draft, review and negotiate closing documents; Extensive experience closing LIHTC transactions required.
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This portfolio is comprised of properties financed with diverse funding streams including federal low-income housing tax credit program, Project Based Section 8, and other affordable income restricted/low-income housing financing.
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This position may be located in any of the following offices: Austin, Chicago, Collin County, Dallas, Denver, Detroit, Grand Rapids, Houston, Philadelphia, Phoenix, Pittsburgh, San Antonio, San Francisco, Scottsdale, Washington D.C.
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