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Key Responsibilities:
- Maintain detailed Excel models for multifamily affordable housing deals, including development budgets and capital stacks.
- Underwrite LIHTC transactions (4% and 9%) and mixed-finance deals, incorporating state HFAs and lender requirements.
- Evaluate sponsor, market, and project risks, preparing clear investment memos for leadership and partners.
Qualifications:
- Bachelor’s degree in Finance, Real Estate, or related field with 5+ years of affordable housing experience.
- Strong familiarity with state HFA QAP requirements and investor-driven underwriting metrics.
- Proficiency in Excel-based financial modeling and ability to synthesize complex due diligence into recommendations.
Work Environment:
- Remote, hybrid, or on-site options available from the Philadelphia, PA office.
- Fast-paced investor closing environment driving deals from feasibility through final execution.
Stonewater Development Group
Stonewater Development Group is in the business of preserving and creating quality affordable housing. They are adding a Senior Underwriter to the team, with a focus on complex LIHTC transactions.