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Lihtc Development Analyst Jobs in Ohio (NOW HIRING)

Novoco

Real Estate Analyst Intern

Columbus, OH

$18 - $20/hr

Perform interviews with apartment property managers of market/LIHTC/subsidized apartment properties ... Gather new information on new multifamily developments in the area by speaking to developers ...

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Lihtc Development Analyst information

What is a LIHTC Development Analyst?

LIHTC Development Analysts are professionals who specialize in the financial analysis and management of affordable housing projects that utilize the Low-Income Housing Tax Credit (LIHTC) program. They evaluate project feasibility, prepare funding applications, build financial models, and ensure compliance with federal and state regulations. Their work is critical for developers and organizations seeking to create and maintain affordable housing, as they guide projects from inception through completion and help maximize the benefits of tax credit allocations.

What are some common challenges faced by a LIHTC Development Analyst during the underwriting and application process?

As a LIHTC Development Analyst, one of the most common challenges is navigating the complex and evolving compliance requirements set by federal and state agencies. Analysts must ensure that all documentation, financial projections, and application materials are accurate and thoroughly vetted to avoid delays or denials. Coordinating with multiple stakeholders—such as developers, legal teams, and government agencies—can also be demanding, requiring strong communication and project management skills. Successfully managing tight deadlines and adapting to regulatory changes are crucial aspects of the role.

What are the key skills and qualifications needed to thrive as a LIHTC Development Analyst, and why are they important?

To thrive as a LIHTC Development Analyst, you need expertise in affordable housing finance, strong analytical abilities, and a solid understanding of Low-Income Housing Tax Credit (LIHTC) regulations, typically supported by a relevant degree in finance, real estate, or urban planning. Familiarity with financial modeling software, Excel, and LIHTC compliance systems is essential, as are certifications like HCCP (Housing Credit Certified Professional). Attention to detail, effective communication, and problem-solving abilities are crucial soft skills for collaborating with diverse stakeholders and managing complex projects. These skills and qualifications are vital to ensure accurate deal structuring, regulatory compliance, and successful delivery of affordable housing projects.

What is the difference between Lihtc Development Analyst vs Lihtc Project Coordinator?

AspectLihtc Development AnalystLihtc Project Coordinator
Required CredentialsBachelor's degree in finance, real estate, or related field; knowledge of LIHTC programsBachelor's degree; familiarity with LIHTC processes is a plus
Work EnvironmentAnalytical, research-focused, often in office settingsAdministrative, coordination tasks, often in office or on-site
Employer & Industry UsageReal estate development firms, non-profits, government agenciesDevelopment firms, property management companies, non-profits

The Lihtc Development Analyst primarily focuses on financial analysis, deal structuring, and evaluating LIHTC projects, while the Lihtc Project Coordinator handles project logistics, scheduling, and communication. Both roles require knowledge of LIHTC programs but differ in their core responsibilities and daily tasks.

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Lihtc Development Analyst jobs near you

Director of Real Estate Development

FAMICOS FOUNDATION INC

Cleveland, OH • On-site

$80K - $95K/yr

Full-time

Re-posted 19 days ago

Job description

About the Role

The Director of Real Estate Development provides strategic and operational leadership for all real estate development activities at Famicos Foundation. Reporting to the Executive Director or Chief Operating Officer, this role oversees projects from concept through completion, including feasibility analysis, financing, construction, and compliance. The Director ensures that all development initiatives align with Famicos’ mission, values, and community impact goals.

Key Responsibilities
  • Lead the planning, financing, construction oversight, and delivery of real estate development projects, including new construction, rehabilitation, and substantial repair of affordable housing, mixeduse developments, and community facilities.
  • Develop and manage project budgets and timelines; create and maintain detailed financial pro formas.
  • Identify, secure, and manage diverse funding sources, including LowIncome Housing Tax Credits (LIHTC), Historic Tax Credits, New Market Tax Credits, grants, and public and private loans.
  • Identify and evaluate potential development sites; conduct feasibility analysis and oversee due diligence activities such as market studies, zoning reviews, and environmental assessments.
  • Partner with internal teams and external stakeholders; including lenders, investors, architects, contractors, government agencies, and community partners to advance development projects.
  • Ensure compliance with all applicable local, state, and federal regulations and funding requirements.
  • Prepare and present project updates, financial summaries, and compliance reports for senior leadership, the Board of Directors, and funding agencies.
  • Lead, mentor, and support development staff, fostering a collaborative, accountable, and highperforming team environment.
  • Contribute to organizational strategic planning and develop a longterm real estate development pipeline aligned with community needs and organizational priorities.
  • Complete special projects assigned by the Executive Director or COO.
    • Qualifications
  • Bachelor’s degree in Business Administration, Urban Planning, Public Administration, Real Estate, or a related field; Master’s degree preferred.
  • Five to seven years of progressively responsible experience in real estate development, with demonstrated success in affordable housing or community development.
  • Strong knowledge of real estate finance, including LIHTC and other publicsector subsidy programs.
  • Proficiency in financial modeling tools and Microsoft Office Suite.
  • Familiarity with local, state, and federal housing and development regulations; Cleveland market experience preferred.
    • Skills & Attributes
  • Strong project management and organizational skills with the ability to manage multiple projects and deadlines.
  • Excellent communication, negotiation, and stakeholder engagement skills.
  • Strategic thinker with strong problemsolving and decisionmaking abilities.
  • Leadership presence with the ability to coach, mentor, and influence teams and partners.
  • Missiondriven professional committed to community development, equity, and neighborhood revitalization.
    • Why Join Us?

    At Famicos Foundation, you’ll join a team that values integrity, diversity, and measurable results. We are committed to empowering Cleveland residents through housing, development, and social services

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