LIHTC Real Estate Acquisitions Analyst

Green Alpha Property Management; Raleigh (NC); On-site; USD 65,000 - 95,000; Full time

Job summary

Emerald City Associates seeks an Analyst to join its Acquisitions & Capital Markets team. The Analyst will support acquisition, disposition, and refinance execution across the portfolio, with primary responsibility for transaction management, due diligence administration, and underwriting support.

The position reports to the Director of Acquisitions & Capital Markets and works closely with the firm's Managing Partners.

Qualifications

• Bachelor's degree in finance, real estate, accounting, economics, or a related field.
• Two to four years of experience in affordable housing, multifamily real estate, or a comparable transaction environment.
• Working knowledge of LIHTC fundamentals including land use restrictions, rent and income limits, and compliance documentation.
• Regular use of AI tools in daily work, particularly Claude, for research, document review, and analysis.
• Ability to manage multiple concurrent workstreams against fixed deadlines.
• Strong written and verbal communication skills with external counterparties.
• Experience with HOME, HUD, USDA Rural Development, or project-based Section 8 programs.
• Exposure to agency debt execution (Fannie Mae, Freddie Mac) or tax-exempt bond financing.
• Familiarity with CoStar, RealPage, or Entrata.

Responsibilities

• Build and maintain due diligence data rooms across acquisition, disposition, and refinance transactions.
• Own document control and folder architecture for all live transactions.
• Manage document request logs; coordinate with sellers, brokers, lenders, property managers, and outside counsel to track outstanding items and identify gaps.
• Maintain closing checklists and monitor critical path against purchase agreement and funding deadlines.
• Confirm third-party reports are ordered and delivered on schedule, including property condition assessments, environmental reports, surveys, appraisals, and title.
• Coordinate site inspection scheduling with brokers to align seller and on-site access.
• Prepare initial underwriting models using firm templates for review by senior team members.
• Construct maximum rent analyses, including LIHTC rent and income limits by county and AMI set-aside, utility allowance methodology, HOME limits on dual-restricted assets, HAP contract rents, and OCAF adjustments.
• Normalize rent rolls, trailing financial statements, and unit mix data.
• Compile capital needs data in support of capital expenditure scoping.
• Coordinate transaction timelines with internal recruiting, accounting, property management, and compliance functions to support property transition.
• Support preparation of offering materials and lender and equity submissions.

Skills

Communication skills

Multitasking

AI tool usage (Claude)

Detail-oriented

Education

Bachelor's degree in finance/real estate/accounting/economics

Tools

CoStar

RealPage

Entrata

Job description

Emerald City Associates seeks an Analyst to join its Acquisitions & Capital Markets team. The Analyst will support acquisition, disposition, and refinance execution across the portfolio, with primary responsibility for transaction management, due diligence administration, and underwriting support.

The position reports to the Director of Acquisitions & Capital Markets and works closely with the firm's Managing Partners.