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Specialty Consultants Inc. · 1 day ago

Originator - LIHTC Investments

DC-Baltimore Area

Full-time

Onsite

Director/Executive

Specialty Consultants Inc. is a leading real estate executive search firm seeking a Vice President to lead deal origination for a co-GP affordable housing investment platform. The VP will be responsible for building the Affordable Housing business by sourcing co-development opportunities and negotiating various types of affordable housing projects.

Real Estate

Hiring Manager

Dan Schachter

Responsibilities

Develop all tools as well as policies & procedures necessary to evaluate and execute on affordable housing development projects

Source co-gp/co-development opportunities within the affordable housing industry that will leverage vertical integration and balance sheet support

Negotiate, diligence, and close various types of affordable housing projects to include but not limited to 4% & 9% tax credit projects, non-profit bond projects, others as necessary

Work with senior leadership to further develop the business plan for affordable housing division

Leverage sister non-profit arm to secure tax abatements as well as 501(c)3 bond financing opportunistically to either generate revenue for the non-profit, secure construction opportunities for internal GC, to obtain financing for the affordable development pipeline

Establish and maintain relationships with syndicators and direct tax credit investors as well as other capital providers to affordable housing projects

Prepare any and all internal and external memoranda required to solicit investment capital, obtain necessary approvals from Investment Committee, or petition governing body for tax abatements etc

Qualification

LIHTC syndicationDeal originationCapital raisingSite acquisitionDevelopment executionRelationship managementNegotiation skillsProject management

Required

Strong track record of sourcing developer/GP clients

Experience in LIHTC syndication/LP background

Ability to leverage developer relationships and institutional knowledge into meaningful, long-term Co-GP Partnerships

Experience in development execution & planning

Experience in land banking

Experience in site acquisition

Experience in capital raising

Experience in pre-development and gap financing

Experience in leveraging a 501C3 arm as a deal partner or means to raise bonds to invest

Experience in design & general contracting

Ability to develop tools as well as policies & procedures necessary to evaluate and execute on affordable housing development projects

Ability to source co-gp/co-development opportunities within the affordable housing industry

Experience in negotiating, diligence, and closing various types of affordable housing projects

Ability to work with senior leadership to further develop the business plan for affordable housing division

Ability to establish and maintain relationships with syndicators and direct tax credit investors as well as other capital providers to affordable housing projects

Ability to prepare internal and external memoranda required to solicit investment capital