LIHTC Development Consultant

Novogradac Consulting LLP • Boston, MA

2d • Hybrid

About The Position

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.

Requirements

• 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.
• 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.

Nice To Haves

• CPA, MBA, MRED, JD, or similar credential.

Responsibilities

• Engage in and advise on LIHTC development strategy, feasibility analysis, and capital stack structuring.
• Serve as an advisor on 9% and 4% LIHTC transactions.
• Evaluate underwriting assumptions, risks, and structuring alternatives.
• Support client pipeline planning and long-term LIHTC strategy.
• Direct preparation and review of LIHTC applications under applicable Qualified Allocation Plans (QAPs).
• Assist in development of scoring and positioning strategies.
• Engage in agency interactions and respond to clarification requests.
• Guide clients through awards and post-award requirements.
• 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.
• Serve as a client contact and advisor.
• Coordinate with developers, lenders, investors, attorneys, and agencies.
• Communicate complex LIHTC concepts clearly.
• Review work of staff, as applicable.
• Provide training to staff and clients.
• Contribute to internal knowledge sharing and best practice.

Benefits

• Increased number of paid holidays per year
• Competitive salaries with continuous review of market conditions
• Flexible working hours and work arrangements
• Remote and hybrid opportunities
• Inclusive workplace, providing strong professional growth and development opportunities
• Strong growth opportunities
• Competitive benefits package
• 401(k) package with firm profit-sharing
• Strong emphasis on quality work-life integration
• Dress for your day policy
• Resources of a national firm
• Opportunities to engage with our active Employee Resource Groups (ERGs), affinity groups, and advance your career within a supportive, inclusive environment
• medical
• dental
• vision
• paid time off
• life/disability insurance
• commuter flex accounts
• 401(k)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level