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 over 20 years in affordable housing, CREA has raised $11 billion - resulting in the formation of over 83,000 homes within 906 communities across the country. Thanks to the contribution of over 155 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future. We are looking to add a talented Senior Acquisitions Associate to the Acquisitions department in CREA’s New York, NY. office.

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

Open to: New York, NY CREA office 

Reports to: Senior Vice President, Account Manager, Acquisitions 

Position Summary:

This position's primary role is coordinating legal, real estate, and project due diligence for qualifying Low-Income Housing Tax Credit (LIHTC) properties under Section 42 of the Internal Revenue Code. The qualified candidate must be able to effectively take direction to complete tasks and communicate with third-party lenders, borrowers, counsel, title companies, and internal personnel. 

Primary Responsibilities:

• Perform cursory review of title, survey, organizational documents, loan documents, insurance certificates, and other project due diligence to ensure conformance with internal requirements
• Maintain due diligence checklist and track updates with Developers and CREA Counsel
• Manage third-party reports to completion, working with internal and external constituents
• Coordinate internal approvals
• Analyze and update financial projections for multifamily residential properties 
• Draft Investment Committee packages
• Prepare closing packages for transition of projects
• Other duties, as requested by the senior acquisitions team

A candidate for this position would benefit from a minimum of two years of applicable LIHTC or transactional real estate experience. A bachelor’s degree in Finance, Business Administration, or a related field is desired. Candidate must have excellent communication and time management skills. Overtime at certain times of the year may be required. Must be proficient with Microsoft Office Suite with a heavy emphasis on Excel and Word. Must possess and be able to demonstrate effectiveness with each of the following Core Competencies.

Core Competencies:

• Excellent oral and written communication skills 
• Strong analytical and project management skills 
• Ability to effectively manage and administer sensitive and confidential information
• Strong initiative and ability to work without guidance & supervision 

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.

New York, NY salary range for this position is: $87,000 to $107,000