Affordable Housing Analyst

Heritage Affordable Communities is a real estate investment firm that specializes in acquiring and developing affordable housing properties. The firm recently began to expand its operation nationwide. The firm strategically works with city, state & federal authorities in preserving affordability and utilizing municipal financing through low-income housing tax credits and tax-exempt bonds for their affordable housing projects. Heritage Affordable Communities’ main mission is to solve the affordable housing gap by acquiring and developing quality affordable housing across the country.

Responsibilities:

• Support the head of the group in all aspects of affordable housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) in core markets across the US
• Expected to make substantial contributions to analysis that will inform the firm’s investment decisions
• Compilation of due diligence information including financial, market, site, and regulatory data
• Analyzing and comparing complex partnership agreements and cash flow waterfalls
• Manage project proformas including budgets, schedule, timing, and underwriting assumptions
• Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal
• Involvement in contract negotiation and review of legal documentation for each project
• Validation and defense of budgets, assumptions, and proforma analysis
• Build, coordinate and lead internal team members and external consultants through conceptual design and entitlements leading to construction documents
• Perform, coordinate and/or lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government, and community support

Work Requirements and Qualifications:

• Bachelor’s degree required, advanced degree preferred
• Minimum of 1-3 years of relevant experience in the affordable housing field
• LIHTC and Section 8 experience preferred