LIHTC Development Consultant
Novogradac · Toms River, NJ · 2 mo ago
Business Development$107k–$145k/yrFull-time
Position Summary
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.
Contributions and Responsibilities
Project Leadership & Strategy
- 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)
- Aid 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
- Cook up and 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 practice
Background and Skills
- Bachelor’s degree in Business Administration, Political Science, Public Policy, or a related field and 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
Why Work with Us?
- Strong growth opportunities
- Competitive benefits package
- 401(k) package with firm profit-sharing
- Strong emphasis on quality work-life integration
- Flexible working hours and work arrangements
- Remote and hybrid opportunities
- Inclusive workplace, providing strong professional growth and development opportunities
Benefits of Joining Our Team
- Increased number of paid holidays per year
- Compensation: $107,000 to $145,000 depending on experience
Commitment to Inclusion
- Novogradac is committed to ensuring a fair and inclusive recruitment process, making reasonable accommodations to individuals with disabilities or special needs throughout the application process.
- We encourage applicants from all backgrounds, identities, and experiences to apply, as we believe that unique perspectives strengthen our ability to achieve excellence.
Company Information
- Novogradac is a national certified public accounting and consulting firm headquartered in San Francisco.
- Founded in 1989, the allied group of Novogradac companies has grown to more than 900 employees and partners with more than 25 offices throughout the country.
- Novogradac is one of the nation’s top 40 certified public accounting and consulting firms and is a recognized leader in real estate and community development.
- Novogradac provides publicly and privately held national enterprises with a full spectrum of audit, tax, valuation, expert witness and litigation support, property compliance and general consulting services and works extensively in the affordable housing, community development, historic preservation and renewable energy fields.
Application Instructions
To be considered for this position, interested candidates MUST apply via our company website: https://www.novoco.com/careers.