LIHTC Development Consultant
Novogradac · San Francisco, CA · 2 mo ago
Business Development$137k–$184k/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: $137,000 to $184,000 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.