AVP/Associate Director of LIHTC Credit

Play a key role in evaluating and approving bids for more than 200 Low-Income Housing Tax Credit (LIHTC) and structured finance projects annually. Work collaboratively with colleagues across originations, investor relations, project management, and structured finance functions.

• Analyze project-level underwriting criteria, sponsor and guarantor financial capacity, investor-specific requirements, and transaction-specific characteristics to identify critical questions and issues that must be addressed prior to bid approval.
• Evaluate proposed operating expense budgets, market assumptions, required services, tenant targeting, subsidy programs, rehabilitation scopes of work, and other project-specific information.
• Participate in initial credit reviews for non-LIHTC investments, including solar credit investments, preservation loans, preservation equity, and other real estate investment strategies.
• Collaborate with financial modeling professionals to identify and resolve technical underwriting and modeling issues during the bid review process.
• Work with senior credit leadership to review underwriting exceptions and assess the overall risk and viability of proposed investments before authorization.
• Contribute to the development and standardization of bid review methodologies, including transaction-specific, developer-specific, and investor-specific terms and underwriting considerations.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.