Associate, Stabilized Asset Manager – LIHTC - Denver, CO

Job summary

The Portfolio Manager is responsible for maintaining a collection of real estate assets invested through the Section 42 (LIHTC) affordable housing tax credit program and/or the historic tax credit program to ensure the continuous delivery of tax credit benefits and passive losses.

Responsibilities

• Assess project and partnership risk factors as they pertain to compliance with Section 42 (LIHTC) provisions, terms of partnership agreement, loan documents, LURAs, QAPs, and tax credit application.
• Calculate annual tax credit amount from final cost certification and 8609s and calculate first year credit delivery from actual lease-up figures.
• Manage the disbursement of equity for the assigned portfolio.
• Expedite the receipt of financial and operational information from the lower tier partnerships on a monthly, quarterly, and annual basis.
• Provide oversight of project by analyzing performance data on a monthly, quarterly, or annual basis as applicable.
• Complete detailed

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  Job description

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