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AVP of LIHTC Underwriting

CFS, Columbus, OH, United States


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.

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