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Full-time
bachelor degree, postgraduate degree
Posted 2d ago
Apply by Sep 2
~40 hrs/week
Responsibilities
The LMDP Associate will lead the screening and underwriting of new development opportunities while implementing strategies to expand the LIHTC platform into new markets. They will also collaborate with regional leads on RFQ/RFP responses and perform financial analysis for special projects and joint venture opportunities.
Requirements
Candidates must hold a Bachelor's or Master's degree in a relevant field such as Real Estate, Finance, or Urban Planning. A minimum of 3 years of experience in affordable housing development and finance, specifically with LIHTC and tax-exempt bonds, is required.
Full job description
Areas of Responsibility
Develop and work with the LMFM and LMDP teams to implement strategies for the expansion of L+M’s LIHTC new construction platform into new markets outside of the business’ core New York region, including Texas, the Southeast and Mid-Atlantic, Florida and Ohio
Lead screening and underwriting of new development opportunities in order to ensure consistency with L+M core values and business practices, including market risk management, monitoring of pre-development exposure and adaptation to changing financing conditions
Provide support to regional development leads on evaluation of different LIHTC and debt financing proposals and strategies related to later-stage development projects, including proposal evaluation, term sheet negotiations, and structuring
Evaluate acquisition and joint venture opportunities with other regional operators when accretive to LMDP’s expansion goals, and manage the integration of such operators into L+M’s platform when applicable
Work collaboratively with regional new construction leads on responses to RFQs and RFPs in order to generate additional pipeline for the business
Perform financial analysis for special projects by evaluating new product types and financial structures (e.g. LIHTC BTR, gap equity financing)
Minimum Education Requirements:
BS or MS in Real Estate, Business, Finance, Marketing, Civil Engineering, Architecture, Urban Planning or related field
Minimum Experience Required:
3+ years of experience in affordable housing real estate development and finance
Additional Knowledge, Skills and Abilities:
LIHTC and tax-exempt bond experience and expertise required.
Highly organized and detail-oriented with strong project-management skills.
Experience responding to public proposals and working collaboratively with public agencies, with direct RFQ/RFP experience preferred
Leadership experience, with demonstrated success in driving results, ability to manage multiple priorities and meet deadlines in a fast-paced, dynamic environment and values accountability
Strong understanding of financial markets, debt products, and regulatory requirements, with the ability to articulate complex financial concepts to a diverse audience.
Strategic mindset with the ability to develop and execute business objectives.
Excellent communication skills, including written, verbal, and presentation abilities
Track record of building and maintaining relationships with agencies, partners, sponsors, lenders and equity investors.
Extremely versatile, accustomed to “wearing many hats” and shifting between them.
Ability to work in a dynamic environment that requires execution of recurring deliverables as well as projects and initiatives in support of a growing business.
C + C Apartment Management, LLC prides itself on a proactive approach to management which allows us to anticipate and deal with problems and situations before they occur. We view our role as a customer service specialist. We always ensure that the right decisions are made to achieve the needs and goals of our clients, investors and residents.