Project Manager – HTC & NMTC

Job Summary:

National Trust Community Investment Corporation (NTCIC), an affiliate of the National Trust for Historic Preservation, is among the most active tax credit syndicators in America. The organization supports the country’s architectural heritage, community development, and renewable energy initiatives through the provision of and investment in federal and state tax credits.

NTCIC is seeking a Project Manager to perform real estate due diligence and underwriting activities for prospective tax credit investments, 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.


Achieve project closings in an effective and efficient manner by:

  • Identifying, understanding, and resolving project issues (readiness, structure, risk, etc.) in a timely manner including:
    • Collecting and reviewing all due diligence for consistency with closing checklist and underwriting requirements  
    • Reviewing and analyzing financial models including construction budgets and operating projections 
    • Analyzing guarantor financial statements, tax returns, and REO schedules
    • Ensuring structure conforms to tax credit laws and guidance
    • Analyzing project market studies and appraisals and supplementing with independent underwriting as necessary
    • Reviewing, commenting on, and negotiating key transaction documentation 
    • Ensuring all aspects of the investment are consistent with NTCIC and outside investor underwriting guidelines and credit policy
  • Identifying and clearly understanding investor expectations and requirements and serving as liaison between investor and sponsor/developer team 
  • Managing multiple transactions on overlapping timelines 

Demonstrate strong communication, problem-solving skills, and organizational skills by:

  • Preparing thorough, well-drafted investment committee memos and presenting with confidence including highlighting the key issues for committee members and fielding their questions about the project
  • 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 Salesforce with project information

Demonstrate teamwork and collaboration by:

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

Build and cultivate relationships:

  • Understanding and enhancing the relationships built by acquisitions managers
  • Providing thoughtful, timely responses to colleagues and business parties
  • Respecting investors’ priorities
  • Leveraging industry conferences, site visits, groundbreakings, and other events to meet project team members, investors, and other industry participants
  • 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 with real estate structured finance
  • Strong financial analysis and Excel skills
  • Expertise in legal, tax, and accounting aspects of real estate projects
  • Excellent writing skills
  • Demonstrated ability to work well in a team setting
  • Willingness to travel
  • Knowledge of historic and new markets tax credits preferred

Pay & Benefits:

Hiring Range:  $115,000 – $130,000 per year

This is a full-time, exempt-level position, eligible for full benefits, including health, dental, and life insurance, retirement benefits, and 3+ weeks of vacation, plus sick time and holidays.

The National Trust and its subsidiaries require all staff to show proof of COVID-19 vaccinations and boosters (with limited exceptions for religious or medical reasons).

National Trust Community Investment Corporation is an equal opportunity organization and does not discriminate based on race, color, religion, national origin, sex, age, sexual orientation, veteran status, or disability.  The National Trust Community Investment Corp. actively seeks opportunities to include members of these groups in its programs and activities.

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