CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With over 20 years in affordable housing, CREA has raised $13.5 billion - resulting in the formation of 97,500+ homes within 1,059 communities across the country. Thanks to the contribution of over 150 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future.
Position Summary
CREA is seeking a driven, collaborative acquisitions professional to partner with the SVP, Originator in managing and advancing a pipeline of LIHTC development opportunities under Section 42 of the Internal Revenue Code. In this role, you will play a key part in conducting financial analysis, preparing investment committee packages, and coordinating materials in support of prospective investment opportunities.
You will work closely with developers, third-party lenders, legal counsel, and internal CREA stakeholders across all levels, requiring strong communication skills and the ability to effectively manage relationships throughout the transaction lifecycle.
Primary Responsibilities
Maintain disciplined oversight and milestones of LIHTC transaction pipeline from prospect to signed Letter of Intent
Represent CREA internally and externally on behalf of SVP, Originator
Create, analyze and update financial projections for affordable multifamily LIHTC residential properties, and assist in facilitating project structuring solutions amendable to both CREA and its developers
Review market studies, pro-forma’s, LIHTC applications, and sponsorship information to ensure conformance with specified investment requirements
Prepare transaction Placement Committee package inclusive of thorough project and development team overview, guarantor analysis and risk mitigants
Coordination across internal groups to source information for Placement Committee package
Prepare Letters of Intent and coordinate the analysis and incorporation of comments and post-Placement Committee approvals
Other duties, as requested by the SVP, Originator
Job Requirements
Bachelor’s degree required; Finance, Accounting, or Real Estate preferred
Minimum of 3 years of experience in financial analysis, financial modeling, and transactional multifamily LIHTC real estate
Strong communication and time management skills, with the ability to effectively collaborate with senior management and a broad external client base
Proficiency in Microsoft Office Suite, with advanced capabilities in Excel and working knowledge of Word
Ability to demonstrate effectiveness across all required core competencies
Ability to travel up to 10% annually for industry conferences, events, and company meetings, as determined by the SVP, Originator
Preferred Qualifications:
CPA and/or MBA designation (preferred, not required)
Familiarity with multifamily loan products and New York State and New York City LIHTC programs
Core Competencies
Demonstrates integrity, professionalism, reliability, and sound judgment
Proactive, self-motivated approach with the ability to take initiative
Strong analytical, interpersonal, and communication skills, including clear and effective written and verbal communication
Ability to handle sensitive and confidential information with a high degree of discretion
Highly organized with strong attention to detail and the ability to effectively prioritize and manage multiple transactions
Capable of working independently with minimal supervision while maintaining quality and accountability
Our Values
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We work as a family, investing in each other, worthy causes, and the communities we serve.
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We have integrity in all that we do; we embrace differences and treat others with kindness and respect.
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We believe that, with teamwork, we can accomplish anything and pursue inventive solutions for our clients.
CREA believes in rewarding the hard work of all those that make our mission possible. Learn about our competitive employee benefits at MyCREABenefits.com.