Low Income Housing Tax Credit (LIHTC) Developer/Real Estate Professional

New Orleans, LA
Full Time
Experienced
Low Income Housing Tax Credit (LIHTC) Developer/Real Estate Professional

Overview

New Orleans Redevelopment Fund Companies (NORF) was founded in 2013 by Tulane University alumni Alex Hernandez and Mike Niemtzow to focus on tax-incentivized historic redevelopment and urban renewal in New Orleans. NORF Companies are focused on properties throughout the United States. Since 2013, NORF has acquired over sixty properties of various sizes and conditions – successfully restoring some of the more complex projects that others passed on. NORF Companies has earned a strong reputation for consistently delivering results on high-profile projects. Our organization is guided by a passion for excellence, and we are committed to innovation, collaboration, and delivering superior results that meet and exceed the needs of our clients and investors. We offer a well-balanced corporate culture that embraces diversity, nurtures professional growth, and rewards hard work.

NORF continues to improve communities by redeveloping historic buildings and revitalizing blighted neighborhoods while generating compelling risk-adjusted returns for our investors. NORF is based in New Orleans, Louisiana with operations in New York, Park City, and Miami.
New Orleans Redevelopment Fund Companies (NORF) is seeking a highly motivated and experienced Low Income Housing Tax Credit (LIHTC) Developer/Real Estate Professional to join our team. The ideal candidate will have a proven track record in successfully managing and developing LIHTC projects, with a strong understanding of affordable housing development and financing. Experience with New Market Tax Credit (NMTC) and/or Historic Tax Credit (HTC) programs is a significant advantage.
Key Responsibilities
  • Lead the development and execution of LIHTC projects, including site selection, feasibility analysis, financing, and construction oversight.
  • Prepare and submit LIHTC applications, ensuring compliance with federal and state regulations.
  • Coordinate with architects, contractors, lenders, and government agencies to ensure project milestones are met.
  • Secure financing through partnerships with investors, syndicators, and financial institutions.
  • Manage project budgets, timelines, and deliverables to ensure successful completion within scope.
  • Conduct market research and financial modeling to assess project viability.
  • Ensure compliance with LIHTC program requirements, including tenant income certifications and reporting.
  • Collaborate with internal teams and external stakeholders to advance affordable housing initiatives.
  • Monitor and report on project performance, addressing any issues promptly.


Required Skills and Qualifications
  • LIHTC Expertise (Required):
    • Minimum of 3-5 years of direct experience in Low Income Housing Tax Credit (LIHTC) development, with a demonstrated ability to manage all phases of LIHTC projects.
    • In-depth knowledge of LIHTC program requirements, application processes, and compliance regulations.
  • New Market Tax Credit (NMTC) and Historic Tax Credit (HTC) Knowledge (Highly Preferred):
    • Familiarity with NMTC and/or HTC programs, including application processes and compliance, to enhance project financing opportunities.
  • Project Management:
    • Strong organizational skills to oversee multiple projects, ensuring timely completion within budget and scope.
    • Ability to coordinate with architects, contractors, lenders, and government agencies to meet project milestones.
 
  • Financial Acumen:
    • Proficiency in financial modeling, budgeting, and analyzing project viability.
    • Experience securing financing through partnerships with investors, syndicators, and financial institutions.
  • Regulatory Compliance:
    • Understanding of federal and state affordable housing regulations, including tenant income certifications and reporting requirements.
  • Real Estate Development:
    • Comprehensive knowledge of real estate development processes, from site acquisition to project completion.
    • Ability to conduct market research and assess development opportunities.
  • Communication and Negotiation:
    • Excellent verbal and written communication skills for collaborating with diverse stakeholders, including government agencies, investors, and community partners.
    • Strong negotiation skills to secure favorable financing and partnership agreements.
  • Analytical Skills:
    • Ability to perform feasibility studies and risk assessments for potential projects.
    • Proficiency in interpreting and analyzing financial and market data.
  • Technical Proficiency:
    • Familiarity with Microsoft Office Suite (Excel, Word, PowerPoint) for budgeting, reporting, and presentations.
    • Experience with project management software or tools is a plus.
  • Interpersonal and Collaborative Skills:
    • Ability to work independently and as part of a team in a fast-paced environment.
    • Strong relationship-building skills to foster partnerships with internal teams and external stakeholders.
  • Education:
    • Bachelor’s degree in real estate, urban planning, finance, business, or a related field (advanced degree preferred but not required).


Additional Information
  • Competitive salary and benefits package.
  • Opportunity to make a meaningful impact in affordable housing development.
  • Collaborative and dynamic work environment.
  • Not a virtual position. Position is located in New Orleans, Louisiana
  • Military Veterans a plus.

We are an equal opportunity employer and value diversity in our workforce.
 
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