Real Estate LIHTC Developer - South Carolina

05 May 2024

Vacancy expired!

Atlantic Housing Foundation is seeking a LIHTC Developer for our expanding team. This roles reports to the Director, Development & Acquisitions and is responsible for building a pipeline of development and acquisition projects in the South Carolina regions. This role will be accountable for the full lifecycle of development projects from site identification and acquisition, financial structuring, overseeing due diligence, selection of design teams, coordination with construction teams, closing and monitoring schedules for on-time completion and commissioning the management takeover of each project to our inhouse operations team. A similar lifecycle will apply to rehab projects.Core Responsibilities:Possess a ‘hunter’ mentality and decisive nature with a keen desire to serve the affordable housing cohort as supported by our core values.Source qualified existing multi-family acquisitions and land sites that support ground-up developments aligning with the AHF missionAbility to drive performance results on a timely basis with a sense of urgency in mindBuild and maintain a diverse pipeline of LIHTC, HAP, Workforce, senior and student housing opportunities.Consummate all transactions under the precepts of the Foundation’s Core ValuesStructure transactions leveraging thorough understanding of financial concepts (DCF, ROI, IRR, NPV, etc.).Develop accurate financial models, A&E submittals, confirm economic incentives available and the best financial structure for each transactionAnalyze / verify project budgets and pro-forma assumptionsEffectively manage transactions driving all disciplines to a successful closing through project stabilizationTap departmental resources to track milestone progress throughout the life cycle of each transaction.Identify, establish, and maintain strategic financing partnerships (i.e. debt & equity lenders) Articulate the AHF business strategy and organizational mission Provide analytical research and financial feasibility supporting each new affordable investment opportunity.Facilitate the creation and submission of financing applications to state agencies for the following types of financing:Tax Exempt Bond Financing Low Income Housing Tax Credits Analyze and understand State Qualified Allocation Plans in connection with the submission of applications for 4%/9% Low Income Housing Tax Credits. Manage all phases of the entitlement, engineering, architectural design and permitting processIdentify and analyze the major risks affecting each investment opportunityCoordinate assignment of relevant work to various team members (construction, analysts, accounting, etc.) as needed to assure efficient transaction flow.

  • ID: #49867958
  • State: North Carolina Greenville 27833 Greenville USA
  • City: Greenville
  • Salary: USD TBD TBD
  • Job type: Full-time
  • Showed: 2023-05-05
  • Deadline: 2023-07-04
  • Category: Et cetera