Partner or Of Counsel, LIHTC

Overview

The organization is seeking a senior attorney to lead complex Low Income Housing Tax Credit (LIHTC) matters for an affordable housing transactional practice. This role manages client relationships and transactions from engagement through closing, working collaboratively with partners and legal teams.

Responsibilities

• Lead affordable housing transactions involving 4% and 9% LIHTC allocations, tax-exempt bond financing, and multiple financing sources.
• Advise for-profit and nonprofit developers throughout the development process.
• Draft, negotiate, and close partnership agreements, operating agreements, loan documents, and other complex financing instruments.
• Structure transactions involving Sections 42 and 142 of the Internal Revenue Code and navigate related regulatory and financing requirements.
• Supervise associates and paralegals, manage deal teams, and contribute to training and firm growth.
• Manage client relationships and ensure deal execution from engagement through closing.

Requirements

• At least 8 years of affordable housing and LIHTC transactional experience, with 8 to 20 years of overall experience.
• Experience independently managing LIHTC transactions from engagement through closing, including multi-source financing deals and 4% and 9% transactions.
• Strong knowledge of Section 42 and Section 142, including experience drafting and negotiating partnership agreements, operating agreements, and loan documents.
• Juris Doctor from an accredited law school.
• Law firm experience.
• Active bar license in good standing; New York bar admission is required or must be obtained.
• Experience managing developer relationships and supervising legal teams.
• Visa sponsorship is not available; candidates must be authorized to work in the United States without sponsorship.

Preferred Qualifications

• A portable book of business.
• Familiarity with HUD programs.
• Familiarity with GSE financing or GP/LP acquisitions.
• Collaborative approach suited to a flat team structure and genuine interest in affordable housing.

Compensation & Benefits

• Base salary: $300,000 to $400,000 annually.

Location

• Remote within the United States, with New York City as the primary location.
• Periodic visits to the New York City or Buffalo office are expected.