LIHTC Real Estate Closings Associate

Affordable Equity Partners, Inc.; St. Louis (MO); On-site; USD 65,000 - 90,000; Full time

Job summary

Affordable Equity Partners, Inc. is seeking a Transactions Associate to support LIHTC fund and partnership closings, coordinating due diligence intake, client communications, and work with outside counsel to keep closings on schedule.

The role involves managing day-to-day workflow, reviewing documents at a working level, and coordinating with developers, investors, and consultants to ensure timely completion of closings.

Qualifications

• Paralegal certificate, Associate's or Bachelor's degree, or equivalent experience required.
• Minimum of 3 years of experience as a real estate paralegal or in a comparable transactions support role, with substantial responsibility for due diligence and document organization.
• Direct LIHTC and/or affordable housing transaction experience strongly preferred; experience supporting both fund-level and partnership-level closings is a plus.

Responsibilities

• Collect, organize, and catalog due diligence for LIHTC fund and partnership closings, including organizational documents, title and survey, zoning, environmental reports, construction documents, insurance, and tax credit allocation materials.
• Maintain and update due diligence checklists for each transaction; track open items and flag outstanding deliverables to the Directors.
• Review incoming due diligence for completeness; surface items that look incomplete, inconsistent, or unusual for review by the Directors or counsel.
• Build and maintain transaction files, data rooms, and closing binders; coordinate post-closing document delivery and storage.
• Serve as a regular day-to-day contact with general partners, developers, management agents, contractors, third-party consultants, and outside counsel on assigned transactions.
• Schedule and support status calls, circulate closing checklists, follow up on open items, and clearly communicate next steps and deadlines to all parties.
• Coordinate with tax counsel, real estate counsel, lender counsel, and investor counsel to keep document drafting, comment turns, and signature collection on schedule.
• Engage and coordinate with third-party professionals (title companies, environmental consultants, appraisers, surveyors, etc.) as needed to support closings.
• Build and maintain good working relationships with repeat sponsors, developers, and counsel; represent AEP professionally in external communications.
• Read and develop a working-level understanding of LIHTC partnership agreements, fund operating agreements, purchase agreements, loan documents, guaranties, and ancillary closing documents.
• Compare deal documents against term sheets, letters of intent, and prior approvals at a high level; flag discrepancies to Directors and counsel for review.
• Track changes across document drafts and maintain version control across counsel turns.
• Escalate substantive legal and structural questions to the Directors and outside counsel rather than resolving them independently.
• Help drive transactions to closing on schedule by managing checklists, follow-ups, and document logistics under the direction of the Directors.
• Form and maintain legal entities through secretary of state offices and coordinate ongoing entity-level filings as needed.
• Assemble closing checklists, signature packets, and closing certificates in coordination with counsel.
• Support special projects and other related duties as assigned.

Skills

LIHTC basics

Real estate transactions

Communication skills

Microsoft Office

Education

Paralegal certificate

Bachelor's degree

Tools

Microsoft Office

Job description

Affordable Equity Partners, Inc. is seeking a Transactions Associate to support LIHTC fund and partnership closings, coordinating due diligence intake, client communications, and work with outside counsel to keep closings on schedule.

The role involves managing day-to-day workflow, reviewing documents at a working level, and coordinating with developers, investors, and consultants to ensure timely completion of closings.