AVP of LIHTC Underwriting

Location Options:

• Fully Remote, or
• Hybrid/Onsite based in the Columbus, Ohio area
• Salary Range: $135,000–$150,000

Position Overview:

A leading affordable‑housing investment organization is seeking an AVP of LIHTC Underwriting to underwrite complex low‑income housing tax credit (LIHTC) transactions while providing leadership, training, and process‑improvement support to a growing underwriting team. This role blends senior‑level analytical expertise with hands‑on mentorship and continuous improvement of underwriting methodologies.

Key Responsibilities:

Underwriting & Transaction Management

• Underwrite LIHTC and tax credit investments, including guarantor review, financial modeling, income/expense analysis, and due diligence evaluation.
• Prepare and present investment memos detailing key deal points, risks, and mitigants.
• Maintain ownership of the financial model throughout closing to ensure yield integrity from LOI through execution.
• Participate in closing calls, coordinate with internal/external stakeholders, and keep transactions on schedule.
• Identify risk items and propose mitigants to leadership and cross‑functional partners.
• Lead transition of closed transactions to Construction and Asset Management teams.

Training & Team Leadership

• Train, mentor, and support underwriting/account management staff.
• Deliver LIHTC underwriting and structuring trainings.
• Provide ongoing day‑to‑day guidance, answering underwriting questions and assisting team members with deal challenges.
• Identify process gaps and recommend enhancements.
• Assist in refining underwriting methodologies (e.g., guarantor analysis, OPEX review).

Required Qualifications:

• 7+ years of experience in affordable housing underwriting (LIHTC, HUD, tax‑exempt bonds).
• Bachelor’s degree in Business, Finance, Accounting, or related field (certifications a plus).
• Experience with mixed‑income transactions.
• Experience supervising, training, or mentoring teams.
• Deep knowledge of LIHTC, real estate finance, and partnership legal/tax structures.