Affordable Housing Lending
Hi all, I am in the early stages of interviewing with a lender in the affordable housing space. The company is a nonprofit CDFI. I would be working on LIHTC and New Market Tax Credit transactions. Main job duties would be underwriting acquisition/predev, construction and term loans for LIHTC projects and community facilities (charter schools, health clinics, etc). Other duties would include business development and some loan closing responsibilities.
I am curious if this job would cause me to be pigeonholed to the lending side of the LIHTC world? Long term, I am more interested in working in development or for a tax credit syndicator, but this position does interest me. My personal background: I’ve been in the affordable housing world for close to five years. I spent 1.5 years with an accounting and consulting firm in the industry, and I currently work for a state housing agency on the underwriting side. I have been in my current role for close to 3.5 years. Any advice would be greatly appreciated.