Senior LIHTC Development Consultant

Novogradac & Company LLP•Philadelphia, PA

5d•Hybrid

About The Position

The Senior LIHTC Development Consultant serves as a trusted advisor to affordable housing developers, providing independent, high-level leadership on low-income housing tax credit (LIHTC) transactions. This role leads 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
At least 9 years of LIHTC development or consulting experience.
Independent project and client management experience is required.
Strong 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.
Strong project management skills with the ability to manage multiple complex engagements, timelines, and deliverables simultaneously.
Ability to communicate complex financial, regulatory, and LIHTC program concepts clearly to clients, stakeholders, and internal team members.
Strong relationship management and advisory skills with the ability to collaborate effectively with internal and external stakeholders.
Ability to exercise independent judgment and lead complex LIHTC transactions with limited 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.
Multi-state 9% and 4% experience.

Responsibilities

Lead and advise on LIHTC development strategy, feasibility analysis, and capital stack structuring.
Serve as primary 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).
Develop scoring and positioning strategies.
Lead 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 primary client contact and strategic 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 practices.

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