Ulysses Development Group · 1 week ago
AVP Capital Installments
Denver Metropolitan Area
Full-time
Onsite
Senior Level
$125K/yr - $150K/yr
7+ years expUlysses Development Group is a Denver-based mission-driven developer and owner of affordable and workforce housing. This key role is responsible for leading the financial closeout of affordable housing developments, ensuring timely and accurate cost certifications, final tax credit allocations, and IRS Form 8609 issuance.
Property DevelopmentReal EstateResidential
Responsibilities
Direct and oversee the CPA-led cost certification process, ensuring accurate reconciliation of project sources and uses and proper classification of eligible basis
Serve as the primary point of contact with auditors, lenders, investors, and housing authorities on all cost certification matters
Lead preparation and submission of applications and supporting materials to the Housing Finance Agency or Housing Authority for the final allocation of LIHTC
Oversee completion and submission of IRS Form 8609 packages, coordinating with internal and external teams to ensure compliance and timely issuance
Review and approve upward and downward adjuster calculations, ensuring accurate modeling and proper application of investor partnership agreements
Manage equity installment schedules, verifying compliance with milestones and adjuster outcomes
Oversee financial aspects of permanent loan conversion, aligning investor, lender, and agency requirements
Ensure all closeout documentation (COs, legal opinions, PIS certificates, loan agreements, cost audits) is complete, accurate, and archived
Identify and execute opportunities to maximize eligible basis and enhance tax credit allocations
Develop and refine internal processes, controls, and checklists to ensure efficiency and consistency across the portfolio
Provide guidance and training to internal teams on closeout requirements and financial compliance best practices
Maintain strong relationships with auditors, investors, syndicators, and housing authorities
Provide regular reporting and updates to executive leadership on closeout status, financial outcomes, and risks
Qualification
Required
Bachelor's degree in Accounting, Finance, or related field
7+ years of progressive experience in affordable housing finance, LIHTC development, or public accounting with a real estate focus
Expertise in LIHTC program requirements, Housing Authority cost certifications, and IRS Form 8609 processes
Strong technical proficiency in financial modeling, reconciliations, and partnership agreement mechanics
Proven leadership skills with ability to manage complex, cross-functional processes and external stakeholder relationships
Exceptional organizational, communication, and problem-solving skills
Preferred
CPA strongly preferred
Benefits
Health, dental, and vision insurance
401(k) plan with company match
Paid time off (PTO) and holidays
Professional development opportunities
Transportation/parking allowance
Company
Ulysses Development Group
Ulysses Development Group is a property development company that develops housing for families.
11-50 employees
Funding
Current Stage
Early StageTotal Funding
$42MKey Investors
US Bank
2025-04-22Debt Financing· $42M
Leadership Team
Yoni Gruskin
Managing Partner
Recent News
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