Grow America

Affordable Housing Team
Director of Acquisitions, Underwriting and Closing

The Director of Acquisitions, Underwriting and Closing is a strategic leadership role with end-to-end ownership of affordable housing acquisitions, offering the ability to influence investment strategy, expand a mission-driven portfolio, and create measurable community impact while leading complex acquisitions and financing executions; Responsible for the management and direction of a team of tax credit investment experts.

Full job description

Primary Responsibilities:

Origination of community development focused low-income housing tax credit equity investments and historic rehabilitation tax credit equity investments throughout a national footprint

Underwriting of all investments originated from initial screening through financial closing.

Thorough analysis of proposed affordable housing investments financed through the Low-Income Housing Tax Credit program and/or the Historic Rehabilitation Tax Credit program by preparing thorough financial modeling

Evaluation of sponsor and project development team experience and financial capacity

Manage risk and ensure consistency in the underwriting, closing, and documentation of all tax credit investments

Review and approval of all new investment opportunities in preparation for Investment Committee approval

Maintain relationships with existing partners/clients to ensure needs are being met

Assist with business development efforts and manage data relating to prospective clients.

Work with the Director of Asset Management and their team as new investments are underwritten as well as throughout the compliance period.

Lead the oversight and reporting on existing investment properties currently under construction

Work with Investor Relations personnel in reviewing pipeline and establishing new Fund pipeline opportunities that meet Fund investor needs

Oversee the work of the Investment Closing Director to ensure consistency and timeliness in the lower tier partnership closings

Attend industry related seminars and conferences to ensure knowledge of current market trends in the affordable housing industry.

Act as a resource to all Grow America staff as it relates to affordable housing development opportunities

Assist the Fund manager in developing and maintaining relationships with Fund investors

Represent CEF at company team meetings and help grow the knowledge base around affordable housing with other parts of Grow America

Provide educational opportunities for the staff to help with their continued growth

Minimum Skill Requirements

Undergraduate degree required, advanced degree a plus

5+ years leading a team of LIHTC investment professionals

10+ years of experience in the origination and underwriting of Low-Income Housing tax credit investments

Experience working for a tax credit investor and/or tax credit fund syndicator

Knowledge and familiarity with the Community Reinvestment Act

Physical Requirements

Must be able to maintain a stationary position for long periods of time (90% of workday)

This position needs to occasionally move about inside the office to access meeting rooms, office appliances, etc.

This position requires airline travel approximately 25% of the time annually

For general information about Grow America, please visit http://www.growamerica.org.

Interested applicants should submit a cover letter and resume to: Careers@growamerica.org.   

Competitive salary commensurate with experience. The annual salary range is $265,000 to $295,000. Comprehensive benefits package. Grow America is an Equal Opportunity Employer.

The information provided above has been designed to indicate the general nature and level of work of the position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required.