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LIHTC Asset Manager

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Asset / Portfolio Management
Location
Boston
 MA
Postal Code
02108
Country
United States

This job is no longer active.

Description


Responsibilities:

  • Oversee a portfolio of 50-60 affordable multi-family properties. 
  • Serve as the primary point of contact for external partners, with the goal of developing and maintaining strong relationships with Operating General Partners, lender representatives and management agents.
  • Understand and monitor compliance with regard to the Low Income Housing Tax Credit program.
  • Monitor both rehab and new construction properties from construction through lease-up and stabilization, including review of construction draws, change orders and leasing reports.
  • Prepare requests for construction and investor equity releases in accordance with the requirements of the partnership agreements.
  • Review and analyze quarterly and annual audited financial property data to evaluate Partnership performance.
  • Identify troubled assets and work closely with management and Operating General Partners to develop strategies to address issues.
  • Manage reposition situations which include refinancing, general partner substitution, legal action, partnership restructuring and recapitalization, as well as non-compliance issues.
  • Perform site inspections to include evaluation of physical asset, site management, and compliance with LIHTC program.
  • Write both internal memos and external investor reports.

Requirements:

  • Minimum of 3 years’ experience in real estate asset management and real estate financial analysis required
  • BS / BA degree
  • Excellent analytical skills
  • Strong computer, verbal and written communication skills
  • Ability to  interpret partnership agreement and loan documents
  • Proficiency with Microsoft Excel
  • Highly organized with the ability to multi-task and set priorities
  • Travel required for partnership meetings and site visits
  • Working knowledge of LIHTC (Section 42) Program a plus

Job Functions


  • Asset Management
  • Financial Analysis
 

Job Sector


  • Residential
 

Experience


2+ to 5 years


This job is no longer active.

 
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