Affordable Housing, Analyst

Affordable Housing, Analyst Los Angeles, CA Job Details $100,000 - $125,000 a year 15 hours ago Qualifications Performance dashboard reports Deal closing Portfolio monitoring Contract documentation review Phase I Environmental Site Assessment Contract review Economics Microsoft Excel Property management tools Refinancing (loan modification) Financial model construction Variance analysis Presentation software Underwriting Financial model development Government policy analysis Operational risk management Real estate due diligence LIHTC Financial reporting Bachelor's degree in finance Writing skills Regulatory compliance Yardi Data reporting Bachelor's degree in economics Finance Analysis skills Bachelor's degree Bachelor's degree in real estate Real Estate Real estate market analysis Real estate closing management Forecasting Deal execution Financial regulatory compliance Business planning Due diligence Expenditure monitoring Senior level Real estate analysis Communication skills Regulatory compliance management Market research within real estate industry Investor relations Excel data analysis Full Job Description Affordable Housing, Analyst Position Summary The Analyst, Affordable Housing supports both Acquisitions and Asset Management functions within the Affordable Housing platform. This role is responsible for underwriting, due diligence, portfolio analytics, and ongoing asset performance monitoring across a national portfolio of affordable and workforce housing assets. The Analyst will play a critical role in evaluating new investments and managing existing assets, with a focus on LIHTC (4% and 9%) transactions, HUD-assisted properties, and other regulated affordable housing programs. Key Responsibilities Acquisitions & Underwriting Develop and maintain detailed financial models for acquisitions, dispositions, and recapitalizations, including LIHTC resyndications and preservation deals Analyze T12s, rent rolls, operating statements, and capital needs assessments (PCNAs) Underwrite complex capital stacks including: Tax-exempt bonds (4% LIHTC) 9% LIHTC equity HUD financing (e.g., 223(f), 221(d)(4)) Soft debt (HOME, CDBG, AHP, state/local sources) Evaluate key return metrics including IRR, NPV, cash yield, DSCR, and equity multiple, incorporating tax credit pricing and investor yield requirements Perform sensitivity and scenario analyses, including lease-up, refinance, and exit assumptions Support preparation of investment committee memoranda, credit memos, and investor presentations Due Diligence & Transaction Execution Coordinate and track third-party reports including: Appraisals Environmental (Phase

I/II ESA

) Capital Needs Assessments (PCNA) Market studies (including LIHTC-specific demand analyses) Review regulatory agreements, LURA/extended use agreements, HAP contracts, and partnership agreements Assist with closing processes, including review of settlement statements, sources & uses, and financing documents Interface with lenders, equity investors, syndicators, and legal teams throughout the transaction lifecycle Asset Management & Portfolio Analytics Support execution of asset-level business plans across a portfolio of affordable housing assets Monitor property performance relative to underwriting, including: Occupancy, collections, and expense trends Compliance with LIHTC, HUD, and other regulatory requirements Analyze variance to budget and identify operational risks and opportunities Track and forecast capital expenditures, including rehab scopes tied to resyndication or repositioning strategies Maintain portfolio-level reporting and dashboards for senior leadership Financial Reporting & Investor Relations Assist with investor communications, including responses to diligence requests and performance inquiries Support refinancing, disposition, and Year 15 / investor exit analyses Market Research & Strategic Analysis Conduct market and submarket analysis including: Rent comparables (market + restricted units) Supply pipeline (market-rate and affordable) Demographic and economic trends Evaluate policy and regulatory impacts (e.g., AMI changes, rent limits, state QAP priorities) Utilize industry data sources such as Yardi Matrix, CoStar, Novogradac, and BLS Qualifications & Core Competencies Bachelor's degree in Real Estate, Finance, Economics, or related field 1-4 years of experience in real estate, preferably with exposure to affordable housing, LIHTC, or HUD programs Strong proficiency in Excel (advanced modeling), Word, and PowerPoint Familiarity with: LIHTC program structure (credits, compliance period, extended use) Affordable housing finance and layered capital stacks Partnership waterfalls and tax credit equity structures Strong analytical, quantitative, and problem-solving skills High attention to detail with ability to manage multiple transactions and assets simultaneously Understanding of regulated affordable housing operations and compliance frameworks Organizational discipline and execution under tight timelines Collaborative mindset with strong interpersonal communication skills Physical Demands Reasonable accommodations may be made to enable individuals with disabilities to perform essential job functions. Ability to sit for up to 10 hours per day. Ability to move throughout the office for up to 10 hours per day. Ability to communicate clearly both verbally and in writing.