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Sena is seeking an Associate to join an experienced team responsible for growing the LIHTC acquisition and redevelopment business across select markets nationwide. Sena acquires, rehabilitates, and operates existing affordable housing assets with Low-Income Housing Tax Credits and tax-exempt bonds. This is a cross-functional position that will be working closely with the entire team, including senior leadership, and will encompass a variety of roles ranging from underwriting & financial modeling, deal execution (financing / LIHTC / tax-exempt bond applications) and asset management functions.
Job Responsibility:
Perform financial modeling and analysis to evaluate and structure potential transactions
Assist with transaction closings including processing due diligence requests, legal documents, and financing applications for housing finance agencies, lenders, and investors
Support acquisitions efforts including evaluating offering memorandums, responding to Request for Proposals (RFPs), preparing investment analyses/memos, and providing recommendations
Travel to property sites for inspections, due diligence, and meetings with residents, officials, and community stakeholders
Support design and construction decisions in close coordination with third-party consultants (i.e., Architects, Engineers, etc.) and participate in meetings and construction administration
Work with asset management and property management to monitor ongoing operations of properties in the portfolio
Requirements:
Minimum 2 years of relevant work experience, specifically managing and underwriting multi-family assets, with preference given to affordable housing properties (i.e., HUD, Section 8, tax-exempt bonds, and LIHTC)
Undergraduate and/or graduate degree
Excellent interpersonal and communication skills (oral and written)
Strong quantitative, analytic, and organizational skills with attention to detail
A team player, able to work well in an entrepreneurial environment across multiple teams and development partners
Self-starter with proven ability to prioritize/execute in a fast-paced environment, solve problems, and manage multiple active projects with simultaneous deadlines
Nice to have:
Background in community development and/or construction