LIHTC Development Consultant

Position Summary

The LIHTC Development Consultant serves as an advisor to affordable housing developers, providing objective leadership and technical expertise on low‑income housing tax credit (LIHTC) transactions. This role assists with complex 9% and 4% bond‑financed LIHTC developments from early feasibility through application, award, and closing, exercising professional judgment with minimal oversight while managing client relationships and mentoring staff.

• Engage in and advise on LIHTC development strategy, feasibility analysis, and capital stack structuring.
• Serve as an advisor on 9% and 4% LIHTC transactions.
• Evaluate underwriting assumptions, risks, and structuring alternatives.
• Support client pipeline planning and long‑term LIHTC strategy.
• Direct preparation and review of LIHTC applications under applicable Qualified Allocation Plans (QAPs).
• Assist in development of scoring and positioning strategies.
• Engage in agency interactions and respond to clarification requests.
• Guide clients through awards and post‑award requirements.
• Review and evaluate sources and uses, credit calculations, and operating pro‑formas.
• Advise on equity pricing and investor requirements.
• Support closings and post‑award activities through 8609 issuance.
• Coordinate with developers, lenders, investors, attorneys, and agencies.
• Communicate complex LIHTC concepts clearly.
• Review work of staff with applicable responsibility; provide training to staff and clients.
• Contribute to internal knowledge sharing and best practice.

• Bachelor’s degree in Business Administration, Political Science, Public Policy, or related field and at least five years of LIHTC development or consulting experience.
• Preferred CPA, MBA, MRED, JD, or similar credential.
• Multi‑state 9% and 4% experience.
• Knowledge of LIHTC program, including QAPs and state housing agency processes.
• Knowledge of affordable housing finance structures, including capital stack development involving equity, debt, tax credits, and other public or private funding sources.
• Ability to analyze risks, assumptions, and structuring alternatives and provide strategic recommendations to clients.
• Ability to communicate complex financial, regulatory, and LIHTC program concepts clearly to internal team members.
• Relationship management and advisory skills to collaborate effectively with internal and external stakeholders.
• Ability to exercise independent judgment and assist in complex LIHTC transactions with oversight.
• Excellent verbal and written communication skills.
• Ability to prioritize a fast‑paced and varied workload, manage concurrent priorities.
• Strong computer skills, especially in Microsoft Office suite (particularly Excel) and report writing tools.

Compensation: $99,000 to $134,000 depending on experience. Additional benefits include paid holidays, competitive salaries with continuous market review, flexible working hours and arrangements, remote and hybrid opportunities, inclusive workplace, professional growth opportunities, 401(k) with firm profit‑sharing, health, dental, vision, paid time off, life/disability insurance, commuter flex accounts.

Novogradac and Company LLP is an equal opportunity employer.