Senior Vice President Affordable LIHTC Underwriting and Closing Strategy

Responsibilities

• Lead the Acquisitions Team in the lower-tier due diligence, underwriting, negotiation, and closing process for WDAE’s affordable housing investments, with responsibility for protecting the economic, legal, and governance interests of WDAE’s investor limited partners (“ILPs”).
• Oversee lower-tier negotiations and communications with developers, direct WDAE’s business positions in transaction documents, and supervise outside counsel to ensure negotiated outcomes are consistent with approved underwriting, investor requirements, and WDAE governance standards.
• Manage team workflows related to Property Acquisition Report (“PAR”) packages, PAR models, Investment Committee materials, and investor deliverables, ensuring materials clearly present material risks, key assumptions, structural protections, and impacts to ILP interests.
• Lead ongoing improvements to WDAE’s lower-tier closing processes, including enhanced use of systems and tools such as iManage, ChatGPT, and other technology platforms, while maintaining appropriate controls, documentation standards, and approval protocols.
• Interface with investors regarding lower-tier deal structure, due diligence, underwriting assumptions, and transaction risks, ensuring communications are accurate, complete, and consistent with approved deal terms and risk assessments.
• Communicate directly with developers, as needed, to facilitate lower-tier closings, resolve business and legal issues, and maintain disciplined negotiation boundaries.
• Train, motivate, evaluate, and support the career development of Acquisitions Team members, including reinforcing sound underwriting judgment, fiduciary awareness, and adherence to governance protocols.
• Promote cross-functional collaboration among Originations, Investor Relations, Asset Management, and Finance to balance platform growth, execution quality, investor expectations, and risk management.
• Assist Originators with review of draft letters of intent (“LOIs”) and provide deal structuring guidance, while preserving Acquisitions’ responsibility for lower-tier diligence, negotiations, and final business recommendations.
• Provide strategic recommendations to the Group Head of Affordable Equity and executive management regarding transaction risk, structural protections, negotiation strategy, market trends, process improvements, and other matters affecting WDAE’s platform.
• Serve as a member of the WDAE Investment Committee, ensuring investment decisions are well-documented, analytically sound, and aligned with WDAE’s underwriting standards, governance protocols, and investor obligations.
• Participate in the development of organizational plans, investment programs, and platform initiatives, with a focus on alignment of execution quality, governance, risk management, and scalable growth.
• Perform other duties as assigned.

Qualifications

• Bachelor’s degree in business, real estate, finance, accounting, or a related field required; CPA, JD, MBA, or MST preferred.
• 15+ years of experience in real estate finance, including significant experience in Section 42 Low Income Housing Tax Credit (LIHTC) syndication or multifamily housing.
• Experience supervising, mentoring, and leading high-performing professional teams.
• Demonstrated experience underwriting and structuring LIHTC real estate transactions.
• Experience managing complex real estate transactions through due diligence, negotiation, and closing.
• Experience working with developers, investors, lenders, and legal counsel in affordable housing transactions.

Preferred Qualifications

• Familiarity with escrow processes and title and survey review preferred.

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