AVP, Acquisitions Associate

Job Description

Job Description

Description:

CREA, LLC is a full-service Low-Income Housing Tax Credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With 25 years in affordable housing, CREA has raised $13.5 billion, resulting in the formation of 97,500 homes within 1,059 communities across the country. Thanks to the contribution of over 135 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future. We are seeking a talented AVP, Acquisitions, to join our Acquisitions team in New York.

Physical Presence: In-Office | Tue – Thu; Flexible | Mon & Fri

Open to the following locations: New York, NY.

Reports to: Senior Vice President, Originator

Position Summary:

CREA is seeking a driven, collaborative acquisitions professional to partner with the SVP, Originator in managing and advancing a pipeline of LIHTC development opportunities under Section 42 of the Internal Revenue Code. In this role, you will play a key part in conducting financial analysis, preparing investment committee packages, and coordinating materials in support of prospective investment opportunities.

You will work closely with developers, third-party lenders, legal counsel, and internal CREA stakeholders across all levels, requiring strong communication skills and the ability to effectively manage relationships throughout the transaction lifecycle.

Primary Responsibilities:

• Maintain disciplined oversight and milestones of LIHTC transaction pipeline from prospect to signed Letter of Intent
• Represent CREA internally and externally on behalf of SVP, Originator
• Create, analyze and update financial projections for affordable multifamily LIHTC residential properties, and assist in facilitating project structuring solutions amendable to both CREA and its developers
• Review market studies, pro-forma’s, LIHTC applications, and sponsorship information to ensure conformance with specified investment requirements
• Prepare transaction Placement Committee package inclusive of thorough project and development team overview, guarantor analysis and risk mitigants 
• Coordination across internal groups to source information for Placement Committee package
• Prepare Letters of Intent and coordinate the analysis and incorporation of comments and post-Placement Committee approvals
• Other duties, as requested by the SVP, Originator

Requirements:

• Bachelor’s degree required; Finance, Accounting, or Real Estate preferred 
• Minimum of 3 years of experience in financial analysis, financial modeling, and transactional multifamily LIHTC real estate 
• Strong communication and time management skills, with the ability to effectively collaborate with senior management and a broad external client base 
• Proficiency in Microsoft Office Suite, with advanced capabilities in Excel and working knowledge of Word 
• Ability to demonstrate effectiveness across all required core competencies
• Ability to travel up to 10% annually for industry conferences, events, and company meetings, as determined by the SVP, Originator

Preferred Qualifications:

• CPA and/or MBA designation (preferred, not required)
• Familiarity with multifamily loan products and New York State and New York City LIHTC programs

Core Competencies:

• Demonstrates integrity, professionalism, reliability, and sound judgment 
• Proactive, self-motivated approach with the ability to take initiative 
• Strong analytical, interpersonal, and communication skills, including clear and effective written and verbal communication 
• Ability to handle sensitive and confidential information with a high degree of discretion 
• Highly organized with strong attention to detail and the ability to effectively prioritize and manage multiple transactions 
• Capable of working independently with minimal supervision while maintaining quality and accountability

Our Values:

• We work as a family, investing in each other, worthy causes, and the communities we serve 
• We have integrity in all that we do; we embrace differences and treat others with kindness and respect 
• We believe that, with teamwork, we can accomplish anything and pursue inventive solutions for our clients

  Work Authorization 

• No visa sponsorship available 
• Candidates must currently reside within commuting distance of New York, NY, as relocation assistance is not available for this position.

Compensation

Compensation for this position is determined based on factors such as education, qualifications, relevant experience, and geographic location.

• New York, NY: $98,000 – $150,000

Notice of AI Use in Job Application Review

As part of our commitment in creating a fair, efficient, and consistent hiring process we may use artificial intelligence (AI) to help our recruiting teams organize, summarize, and analyze information provided by candidates, including resumes, application responses, and other materials submitted during the application process. AI may be used to identify patterns, highlight relevant skills and experience, and assist in comparing a candidate’s qualifications with the requirements of a specific role. These tools are to improve efficiency and consistency while supporting more informed hiring decisions, which will ultimately be made by the hiring team.