LIHTC Underwriter

Enterprise Community Partners

2d•$120,000 - $130,000

About The Position

Enterprise Community Investment is seeking an experienced professional with affordable housing and/or LIHTC experience to underwrite low-income housing tax credit investments. The role requires extensive knowledge of LIHTC and strong financial analysis skills. The underwriter will evaluate transaction components, obtain and review due diligence materials, communicate with clients and internal partners, and prepare investment committee and investor review materials. The role also supports deal closings, file transitions to Asset Management, and other Syndication priorities.

Requirements

Bachelor’s degree in Business, Accounting, Finance, or a related field.
3–5+ years of experience in real estate finance, affordable housing, and/or the LIHTC program.
Extensive knowledge of LIHTC.
Strong financial analysis skills, including advanced Excel modeling capabilities.
Familiarity with apartment market dynamics in urban and suburban areas and relevant industry policies, issues, and programs.
Ability to manage multiple tasks under significant time pressure and meet closing deadlines.
Strong organizational skills, including coordinating complex activities, prioritizing competing demands, and meeting deadlines.
Ability to maintain a big-picture perspective while attending to detail and producing thorough documentation.
Ability to work productively and accurately in a fast-paced environment while managing multiple projects and stringent deadlines.
Strong writing and editing skills for correspondence and reports.
Verbal communication and interpersonal skills to represent the company effectively to all parties.
Proficiency in Microsoft Word.
Ability to work independently, solve problems effectively, and communicate clearly in writing and verbally.
Professionalism, diplomacy, composure, flexibility, and adaptability.
Strong ethics in interpersonal relationships and ability to work effectively as a collaborative team member.
Ability to work evening and weekend hours during peak periods.

Nice To Haves

Master’s degree.
Experience closing real estate transactions.
Proficiency in PowerPoint.

Responsibilities

Underwrite assigned tax credit investments, including sponsorship analysis, market analysis, sources and uses and capital structure analysis, income and expense underwriting, and tax credit documentation analysis.
Obtain client due diligence materials, conduct site visits as needed, review project loan documents and LP agreements for material business terms, and participate in customer calls with the originator.
Prepare and present investment committee approval and investor review requests, including narrative descriptions, charts, graphs, and tables describing the proposed investment.
Under the direction of the originator and director of underwriting, communicate with customers and manage expectations throughout underwriting in a positive, proactive manner.
Keep the originator and director of underwriting informed about underwriting progress, including checklists, due diligence, transaction timing, issues, and preparation and updates of the Transaction Summary.
Assist with and attend deal closings or other customer service opportunities when requested, and organize closed deal files for transition to Asset Management.
Assist with other Syndication priorities, such as asset management, investor relations, and supporting other lines of business.
Participate in and contribute to group meetings and discussions.
Perform other duties as assigned.