LIHTC Development Consultant (Subcontractor)
Position Summary
The LIHTC Development Consultant will provide specialized technical expertise related to Low-Income Housing Tax Credit transactions, tax-exempt bond financing, cost certifications, and tax credit compliance.
Primary Responsibilities
· Provide guidance regarding LIHTC transaction structures.
· Assist with preparation and review of financial models.
· Prepare and/or review 50% Test and 95/5 Test calculations.
· Support investor due diligence and equity closing requirements.
· Assist with calculation of eligible basis, qualified basis, and applicable fractions.
· Support preparation of IRS Form 8609 documentation.
· Assist with preparation and review of cost certifications.
· Advise on compliance with IRS Section 42 requirements and tax credit regulations.
· Provide technical consultation related to bond-financed and RAD transactions.
Qualifications
· Demonstrated experience with LIHTC developments.
· Experience completing multiple LIHTC cost certifications.
· Knowledge of IRS Section 42 requirements and tax-exempt bond financing.
· Experience working with housing authorities and affordable housing developments preferred.