SVP, Affordable LIHTC Underwriting and Closing Strategy

Department:

Affordable Housing | Equity - Acquisitions

We are Walker & Dunlop. We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where people live, work, shop, and play — to life. We are committed to creating meaningful social, environmental, and economic change in our communities.

W&D Affordable Equity (formerly Alliant Capital) is a leading tax credit firm focused on tax credit syndication for the development and financing of affordable multifamily rental housing. As a syndicator of Low-Income Housing Tax Credits (LIHTC), W&D Affordable Equity raises corporate equity and monitors the development, construction, lease-up, and permanent financing phases of its investments. With a dedicated team of experienced real estate, asset management, legal, and tax professionals, we provide the highest level of fully integrated real estate and investment support services.

As Senior Vice President, Acquisitions, you will shape and lead the team in the execution of WDAE’s lower-tier LIHTC investment strategy, ensuring disciplined underwriting, efficient transaction management, and consistent, high-quality closings. Your leadership will drive operational rigor, enhance cross-functional collaboration, and strengthen relationships with developers, investors, and internal Originations and Asset Management teams and other internal stakeholders. By elevating team performance, refining processes, and providing strategic insight to executive leadership, you will directly contribute to the growth, stability, and long-term success of WDAE’s affordable equity platform.

• Lead the Acquisitions Team in the lower-tier due diligence, underwriting, negotiation, and closing process for WDAE’s affordable housing investments, with responsibility for protecting the economic, legal, and governance interests of WDAE’s investor limited partners (“ILPs”).
• Oversee lower-tier negotiations and communications with developers, direct WDAE’s business positions in transaction documents, and supervise outside counsel to ensure negotiated outcomes are consistent with approved underwriting, investor requirements, and WDAE governance standards.
• Manage team workflows related to Property Acquisition Report (“PAR”) packages, PAR models, Investment Committee materials, and investor deliverables, ensuring materials clearly present material risks, key assumptions, structural protections, and impacts to ILP interests.
• Lead ongoing improvements to WDAE’s lower-tier closing processes, including enhanced use of systems and tools such as iManage, ChatGPT, and other technology platforms, while maintaining appropriate controls, documentation standards, and approval protocols.
• Interface with investors regarding lower-tier deal structure, due diligence, underwriting assumptions, and transaction risks, ensuring communications are accurate, complete, and consistent with approved deal terms and risk assessments.
• Communicate directly with developers, as needed, to facilitate lower-tier closings, resolve business and legal issues, and maintain disciplined negotiation boundaries.
• Train, motivate, evaluate, and support the career development of Acquisitions Team members, including reinforcing sound underwriting judgment, fiduciary awareness, and adherence to governance protocols.
• Promote cross-functional collaboration among Originations, Investor Relations, Asset Management, and Finance to balance platform growth, execution quality, investor expectations, and risk management.
• Assist Originators with review of draft letters of intent (“LOIs”) and provide deal structuring guidance, while preserving Acquisitions’ responsibility for lower-tier diligence, negotiations, and final business recommendations.
• Provide strategic recommendations to the Group Head of Affordable Equity and executive management regarding transaction risk, structural protections, negotiation strategy, market trends, process improvements, and other matters affecting WDAE’s platform.
• Serve as a member of the WDAE Investment…