Job Description
The Vice President of Originations will originate, structure, and negotiate low-income housing tax credit investments, as well as, represent and manage the workload in the designated east coast region.
Essential duties:
- Responsible for structuring transactions in a manner consistent with Investor expectations, ensure long-term project viability.
- Successful in working independently and collaboratively across departments to structure and negotiate
- Responsive to non-profit organizations that need assistance or expertise in structuring LIHTC transactions and being a client contact in the designated
- Provide VP Regional Manager with a business plan for the designated market, determining optimal marketing strategy, and executing said business
- Understand region’s priorities and priority relationships by working with local and national Directors, as
- Establish new relationships with non-profit and for-profit low-income housing developers in designated
- Responsible for marketing efforts in the designated
- Lead the originations process for affordable housing projects sponsored by community-based organizations and other developer partners seeking equity investments in designated
- Identify complex LIHTC and credit issues and review business terms with the sponsor to add value in developing a viable, sustainable affordable housing
- Possess good knowledge on complex real estate underwriting, Section 42 requirements, various state tax credits, Historic Tax Credits, energy credits, project-based rental subsidies and vouchers, and relevant tax topics and issues including minimum gain and grant
- Market to sponsors in the geographic area, including being present at state housing and non- profit conferences, and trainings. Maintain and establish relationships with housing financed agencies and relevant city
- Structure LIHTC transactions according to established underwriting guidelines and pricing parameters. Work through Credit issues with the VP Regional
The ideal candidate:
- Undergraduate or graduate degree in business, economics, urban planning, or
- Minimum ten years’ experience in underwriting and structuring real estate
- Prior experienced with affordable housing loans or investments and knowledge of state and local programs is a
- Knowledge and practical understanding of non-profit housing community development and commitment to working with diverse, low income
- Strong background in structuring complex real estate transactions and working with for profit and nonprofit
- Demonstrate experience in underwriting LIHTC transactions, growing business relationships, writing investment proposals and closing on tax credit
- Ability and willingness to
