Underwriter, LIHTC Acquisitions

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $92.0 billion and created 1.1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging.

Join us at enterprisecommunity.org

At Enterprise, you’ll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey.

Enterprise offers career opportunities in our offices across the country with an exceptional benefits package.

Enterprise Community Investment is seeking an experienced individual with affordable housing and/or LIHTC experience to underwrite low-income housing tax credit investments. Extensive knowledge of LIHTC (Low Income Housing Tax Credits) along with strong financial analysis skills is required.

Underwrite tax credit investments as assigned, including completion of the following underwriting tasks: sponsorship analysis, market analysis, sources and uses and capital structure analysis, income and expense underwriting, and tax credit documentation analysis. As part of processing each transaction, obtain due diligence materials from the client, conduct site visits as needed, review project loan documents and the LP agreement for material business terms, participate with the originator in conference calls with customers, and prepare and present requests for investment committee approval and investor review, including narrative descriptions, charts, graphs, and tables illustrating pertinent aspects of the proposed investment.

Under the direction of the originator and director of underwriting, communicate and manage customer expectations through the underwriting process using a positive and proactive approach that will enable repeat origination opportunities.

Provide regular communication to the originator and director of underwriting regarding deal underwriting progress, including process checklist review, due diligence review, transaction timing, issue identification, and timely preparation and regular updates to the Transaction Summary format as required by the originator and the process checklist.

Assist with and attend deal closings or other customer service coverage enhancement opportunities (if requested by the originator or director of underwriting) and help complete and organize closed deal files for transition to Asset Management.

Assist with other Syndication priorities as requested (e.g., asset management, investor relations, and assistance to other lines of business).

Participate in and contribute to group meetings and discussions.

Perform other duties as assigned.

• Bachelor’s degree in Business, Accounting, Finance, or a related field required; master’s degree preferred.
• 3–5+ years of experience in real estate finance, affordable housing, and/or the Low-Income Housing Tax Credit (LIHTC) program, including familiarity with apartment market dynamics in both urban and suburban areas and relevant industry policies, issues, and programs.
• Extensive knowledge of LIHTC required.
• Strong financial analysis skills required, including advanced Excel modeling capabilities.
• Experience closing real estate transactions highly preferred.

• Ability to manage multiple tasks effectively under significant time pressure and meet closing deadlines.
• Strong organizational skills, with the ability to coordinate complex activities, prioritize competing demands, and meet deadlines.
• Ability to maintain a big-picture perspective while attending…