Project Manager (Tax Credits)

Supervisor Title: Director of Project Management
Overtime Status: Non-Exempt
Job Summary:

NTCIC seeks a Project Manager to perform due diligence and underwriting activities for prospective tax credit investments identified by acquisition managers after a letter of interest has been executed, prepare investment committee write-ups and present investments for approval, and facilitate transaction closings. These tax credit investments may include debt and equity investments in residential, commercial, and mixed-use historic rehabilitation projects involving historic and new markets tax credits.

National Trust Community Investment Corporation (NTCIC) enables tax credit equity investments that support sustainable communities nationwide. NTCIC places qualified federal and state Historic Tax Credits (HTC), New Markets Tax Credits (NMTC), and Solar Tax Credits (ITC). NTCIC is a wholly-owned for-profit subsidiary of the National Trust for Historic Preservation.


Achieve project closings in an effective and efficient manner by:

  • Playing an active, positive role in driving projects to financial closing, including (a) conducting weekly calls and following up with responsible parties outside of calls, (b) reviewing and commenting on projections, document drafts, and due diligence, and (c) leading the negotiation of key transaction documents
  • Identifying and clearly understanding investor expectations and requirements and serving as the liaison between investor and sponsor team
  • Identifying, understanding, and resolving project issues (readiness, structure, underwriting, risk, etc.) in a timely manner including:
    • Collecting and reviewing all due diligence consistent with closing checklist and underwriting requirements  
    • Reviewing and analyzing financial models including developer construction budgets and operating projections 
    • Performing detailed guarantor analyses
    • Ensuring structure conforms to tax credit laws and guidance
    • Analyzing project market studies and appraisals and supplementing with independent underwriting as necessary
    • Negotiating tax credit structure, budgets, documentation, and other aspects of the investment consistent with NTCIC and outside investor underwriting and credit policy
  • Managing multiple transactions on overlapping timelines

Demonstrate teamwork and collaboration by:

  • Supporting, training, learning from and sharing lessons learned with the NTCIC team
  • Engaging and collaborating with the senior leadership team, acquisitions managers, asset management, accounting, NMTC compliance, and others at appropriate stages of closing
  • Providing sufficient access to and information about each project to asset management to allow for a successful transition
  • Completing special projects as requested.

Demonstrate strong communication and problem-solving skills by:

  • Anticipating and communicating lead time items to developers and regularly following up with responsible parties to ensure accountability
  • Identifying and understanding project risks and other issues and elevating when necessary, with a clear and concise statement of issue and proposal(s) for mitigation/solution
  • Regularly updating all applicable Salesforce fields/sections
  • Preparing thorough, well-drafted investment committee memos and presenting with confidence while demonstrating knowledge of project and competence with programs/issues

Build and value relationships by:

  • Understanding, respecting, and cultivating the relationships built by acquisitions managers;
  • Providing thoughtful, timely responses to colleagues and business parties;
  • Respecting investors’ priorities; and
  • Leveraging industry conferences, site visits, groundbreakings, and other events to meet project team members, investors, and other industry participants, build relationships, and make new connections
  • Bachelor’s degree with an emphasis in real estate or finance (or equivalent work experience) and either a master’s degree in business,
  • Finance or real estate (or equivalent) or more than 5 years of experience
  • At least 5 years of real estate investment analysis/underwriting experience
  • Experience in complex urban subsidized housing and commercial real estate finance
  • Strong financial analysis and spreadsheet (Excel) skills required
  • Expertise in legal, tax, and accounting aspects of real estate projects required
  • Knowledge of historic and new markets tax credits preferred
  • Excellent writing skills required
  • Demonstrated ability to work well in a team setting
  • Willingness to travel periodically


To apply for this position, click here.

National Trust Community Investment Corporation (NTCIC) offers a progressive work environment, competitive pay, and an excellent benefits package including; medical, dental, vision, paid-time-off, life/disability insurance, commuter flex accounts, and a 401(k). NTCIC is an equal opportunity organization and does not discriminate on the basis of race, color, religion, national origin, sex, age, sexual orientation, veteran status, or disability NTCIC actively seeks opportunities to include members of these groups in its programs and activities.