HUD & LIHTC Budget & Forecasting Lead

Elderly Housing Development & Operations Corporation (EHDOC); Pittsburgh (Allegheny County); On-site; USD 65,000 - 95,000; Full time

Job summary

Elderly Housing Development & Operations Corporation (EHDOC) is seeking a Budget Specialist to support financial planning, forecasting, and reporting across HUD 202/LIHTC portfolios. This role ensures projections reflect operating conditions and regulatory requirements for rent limits, utility allowances, eligibility and set‑aside tests.

The Budget Specialist collaborates with leadership, accounting, asset management, development, compliance, and property operations to maintain accurate

Qualifications

• Bachelor's degree in finance, accounting, business, economics, or a related field; equivalent experience may be considered.
• Minimum of three (3) years of experience in affordable housing management, accounting, or asset management.
• Demonstrated experience with HUD, Section 8 (PBRA/PBV), and LIHTC programs.
• Strong Excel proficiency, including lookups, PivotTables, and financial modeling.

Responsibilities

• Lead preparation and submission of annual HUD and LIHTC budgets.
• Collaborate with the property accounting team, Regional and Community Managers, and Human Resources to ensure budget accuracy, responsible for timely submission of budgets to HUD Account Executives and investment partners.
• Partner with Development and Accounting teams on a quarterly basis to evaluate LIHTC property performance.
• Collaborate with property accountants and Community Managers to review monthly budget‑to‑actual variance reports.
• Prepare reporting packages for owners, investors, and lenders, including narratives, KPIs, reserve analyses, covenant compliance, and explanations aligned with LIHTC and HUD requirements.
• Ensure budgets accurately reflect required reserve deposits, including replacement reserves, operating reserves, and limited partnership requirements.
• Incorporate LIHTC program requirements into financial planning, including unit mix, applicable fraction, first‑year leasing rules, and credit delivery timing.
• Support management and compliance teams in preparation for HUD MORs and owner, investor, and syndicator reporting.
• Serve as the financial liaison between accounting, property management, and compliance teams on lease‑up pacing, occupancy strategies, and mitigation of HAP‑related revenue delays.
• Provide training to site teams on how compliance accuracy impacts budgets, revenue, and financial reporting.

Skills

Excel proficiency

Financial modeling

Budgeting & forecasting

Education

Bachelor's degree in finance or related field

Tools

RealPage OneSite

Yardi

Job description

Elderly Housing Development & Operations Corporation (EHDOC) is seeking a Budget Specialist to support financial planning, forecasting, and reporting across HUD 202/LIHTC portfolios. This role ensures projections reflect operating conditions and regulatory requirements for rent limits, utility allowances, eligibility and set‑aside tests.

The Budget Specialist collaborates with leadership, accounting, asset management, development, compliance, and property operations to maintain accurate