Careers

Employees at CAHEC

Current Opportunities

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for an Acquisitions Analyst. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC that helps develop and foster healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. Our portfolio comprises over 600 assets in eleven states. CAHEC also invests in the people living in the properties we help finance through innovative enrichment opportunities called Community Investments.

The Acquisitions Analyst will analyze, evaluate, structure, and formulate recommendations regarding investment in complex real estate transactions. The position provides professional and technical support to Acquisitions by preparing financial models, populating documents with model data, and managing and coordinating the distribution of data. The employment classification for this position is exempt.

Some specific functions include, but are not limited to, the following:

  • Extensive financial modeling using existing templates and custom spreadsheets to evaluate real estate and related investments with tax credits.
  • Data interpretation to identify and make recommendations on factors affecting yield, pricing, and future trends for modeled investment opportunities.
  • Document preparation using data from financial models to populate internal reports and assist with acquisition and closing documents.
  • Data management by maintaining version control for financial models, uploading current modeling data into designated corporate systems, and coordinating with other departments on the status of modeled investments.

Education Requirement: Bachelor’s Degree in planning, math, finance, business, accounting, or economics or related field; or an equivalent combination of education and comparable work experience.

Work Experience: Minimum one (1) year progressively responsible work experience in finance, data analysis, or investment modeling; or relevant education and training.

Knowledge, Skills, and Abilities: Advanced proficiency in Microsoft Word and Excel are required as is the proven ability to analyze and develop complex financial models. General knowledge of real estate pro formas and the Low Income Housing Tax Credit Program (Section 42 of the IRC) is needed. The ability to manage multiple, current priorities and easily adapt to changing priorities is necessary as is the ability to think analytically to develop and recommend effective solutions. Excellent interpersonal and communications skills (written and verbal) are required as is the ability to foster effective working relationships with peers and partners.

Work Environment: This position is based out of CAHEC’s corporate office in Raleigh, NC. Certain objectives require working on-site at various locations, such as industry conferences and events at properties in CAHEC’s investment portfolio, and some professional training opportunities may require travel.

Compensation & Benefits: CAHEC is an equal-opportunity employer that offers a competitive compensation and benefits package.

CAHEC is an Equal Opportunity Employer.

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for an Acquisitions Manager. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC that helps develop and foster healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. Our portfolio comprises over 600 assets in eleven states. CAHEC also invests in the people living in the properties we help finance through innovative enrichment opportunities called Community Investments.

The Acquisitions Manager fosters industry relationships and is responsible for the origination, due diligence review, and closings of complex, real estate transactions. The position analyzes, evaluates, structures, and formulates recommendations regarding investment in complex real estate investment transactions. The position also leads and participates in the preparation and presentation of investment reports for review and approval. The employment classification for this position is exempt.

Some specific functions include:

  • Establishing and maintaining relationships with clients and industry participants and providing technical assistance relating to tax credit programs and industry trends.
  • Evaluating, negotiating, and securing commitments for equity placements by CAHEC-sponsored funds in entities with allocation of tax credits.
  • Collaborate with internal staff to prepare investment screening reports and to obtain required approvals for conditional commitments and equity closings.
  • Coordinate with development team. Internal staff, and CAHEC counsel to manage the collection and review of due diligence, preparation of closing documents, and the execution of closing documents.

Education Requirement: Bachelor’s Degree in real estate, finance, business, city planning, or economics or related field; or an equivalent combination of education and comparable work experience.

Work Experience: Minimum three (3) years progressively responsible work experience relevant to commercial real estate development, finance. or investment modeling; and direct work experience and knowledge of Low Income Housing Tax Credits.

Knowledge, Skills, and Abilities: General knowledge of commercial real estate development, construction, corporate structuring, taxation, property management, and the Low Income Housing Tax Credit Program (Section 42 of the IRC) is required. The ability to manage multiple, current priorities and easily adapt to changing priorities is necessary as is the ability to think analytically to develop and recommend effective solutions is needed. Proven ability to analyze and develop complex financial models as well as negotiate complex transactions tactfully is required. Excellent interpersonal and communications skills (written and verbal) are needed as is the ability to foster effective working relationships with peers and partners.

Work Environment: This position is based out of CAHEC’s corporate office in Raleigh, NC. As of January 3, 2022 this position will be remote for 60% of the time. Certain objectives require working on-site at various locations, such as industry conferences and events at properties in CAHEC’s investment portfolio, and some professional training opportunities may require travel.

Compensation and Benefits: CAHEC is an equal opportunity employer that offers a competitive compensation and benefits package.

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for an Asset Manager. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC that helps develop and foster healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. CAHEC also invests in the people living in the properties it helps finance through its innovative enrichment opportunities called Community Investments.

An Asset Manager is responsible for ensuring investors receive anticipated benefits associated with an assigned portfolio of multifamily real estate partnerships by proactively monitoring the investments’ operational performance, compliance with Section 42 of the IRC, and regulations of other applicable housing programs, funding sources, and laws. An Asset Manager identifies performance concerns and works to resolve them, to maximize return on investments, prevent losses, and promote positive relations with investors and owner/managing partners. Timely communication of concerns and potential solutions to all stakeholders is essential in order to address portfolio matters as soon as possible. Successful portfolio management is accomplished by evaluating financial statements and other reports, inputting accurate and timely data, preparing and interpreting historical and trend analyses, and performing regulatory and physical site assessments.

Some specific functions include, but are not limited to, the following:

  • Identify operational or regulatory issues and work to resolve them in order to maximize return on investments, prevent losses, and promote positive relations with investors, owners, and managing associates.
  • Evaluate property financial and leasing reports, maintain accurate and timely data, prepare and interpret historical trends, perform site inspections, and maintain frequent verbal and written communication with all stakeholders.
  • Participate in investment review meetings and provide technical assistance and support to the Acquisitions, Fund Management, and other CAHEC departments.

Education Requirement: Bachelor’s degree in business management, business administration, accounting, finance, real estate. Or, an equivalent combination of education and comparable work experience.

Work Experience: Minimum of three (3) years of relevant multi-family residential real estate experience with a focus on the review and interpretation of property financial statements. Experience in the financial services industry is preferred.

Other Requirements: Intermediate Excel and Word skills. Excellent analytical skills. Excellent verbal and written communication skills, coupled with the ability to maintain productive working relationships with all stakeholders. General knowledge of accounting, financing processes, and residential asset management best practices. Ability to collaborate in a team environment.

Work Environment: This position is based out of CAHEC’s corporate office in Raleigh, NC. Travel, typically by either commercial airline or automobile, is required for at least 25% of this position. Certain objectives require working on-site at various locations, such as properties in CAHEC’s investment portfolio, and some professional training opportunities may also require travel. As of January 3, 2022 this position will be remote for 60% of the time.

Compensation: Commensurate with education, experience, and job performance. The position is classified as an exempt position.

Benefits: Competitive benefits package including company-matched 401(k) plan.

CAHEC is an Equal Opportunity Employer.

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a Manager, Acquisitions. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC that helps develop and foster healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. Our portfolio comprises over 600 assets in eleven states. CAHEC also invests in the people living in the properties we help finance through innovative enrichment opportunities called Community Investments.

The Manager, Acquisitions is responsible for co-managing the day-to-day operations of the department, directly supervising assigned staff, and assisting the Vice President, Acquisitions & Risk Management in strategic planning and budgeting. The position is responsible for the origination, due diligence review, and closings of complex, real estate transactions. The position also leads and participates in the preparation and presentation of investment reports for review and approval. The employment classification for this position is exempt.

  • Assist Vice President with the management of day-to-day operations for the department by directly supervising and leading Acquisitions Managers and other assigned staff in a manner supporting a productive, timely, and collaborative work environment focused on CAHEC’s work objectives, goals, and staff development.
  • Establishing and maintaining relationships with clients and industry participants and providing technical assistance relating to tax credit programs and industry trends.
  • Evaluating, negotiating, and securing commitments for equity placements by CAHEC-sponsored funds in entities with allocation of tax credits.
  • Collaborate with internal staff to prepare investment screening reports and to obtain required approvals for conditional commitments and equity closings.
  • Coordinate with development team. Internal staff, and CAHEC counsel to manage the collection and review of due diligence, preparation of closing documents, and the execution of closing documents.

Education Requirement: Bachelor’s Degree in real estate, finance, business, city planning, or economics or related field; or an equivalent combination of education and comparable work experience.

Work Experience: Minimum five (5) years progressively responsible work experience relevant to commercial real estate development, finance. or investment modeling; and direct work experience and knowledge of Low Income Housing Tax Credits. Minimum two (2) years progressively responsible work experience relevant to the management functions of supervising and coaching direct reports, strategic planning, and budgeting.

Knowledge, Skills, and Abilities: Comprehensive knowledge of commercial real estate development, construction, corporate structuring, taxation, property management, and the Low Income Housing Tax Credit Program (Section 42 of the IRC) is required. The ability to manage multiple, current priorities and easily adapt to changing priorities is necessary as is the ability to think analytically to develop and recommend effective solutions is needed. Proven ability to analyze and develop complex financial models as well as negotiate complex transactions tactfully is required. Excellent interpersonal and communications skills (written and verbal) are needed as is the ability to foster effective working relationships with peers and partners.

Work Environment: This position is based out of CAHEC’s corporate office in Raleigh, NC. Certain objectives require working on-site at various locations, such as industry conferences and events at properties in CAHEC’s investment portfolio, and some professional training opportunities may require travel.

Hybrid Position: This position currently requires that the individual in this position work on-site for at least two days a week.

Compensation and Benefits: CAHEC is an equal opportunity employer that offers a competitive compensation and benefits package.

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a Risk Manager. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC that helps develop and foster healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. Our portfolio comprises over 600 assets in eleven states. CAHEC also invests in the people living in the properties we help finance through innovative enrichment opportunities called Community Investments.

The Risk Manager works closely with other members of Acquisitions to identify and then minimize risks associated with proposed CAHEC investments. This position analyzes, evaluates, and formulates recommendations regarding investment in complex real estate transactions. The Risk Manager determines and documents adherence to underwriting guidelines, credit-worthiness, and provide recommendations for mitigating risks. This position pre-screens investment opportunities and actively participates in the preparation and presentation of investment reports for review and closing approval. The employment classification or this position is exempt.

Some specific functions include:

  • Screen real estate investment opportunities and development teams to identify potential weaknesses based on market conditions, operating and financing assumptions, financial capacity, experience, or other considerations that could increase risk.
  • Prepare pre-screening report prior to conditional commitment, perform reviews of due diligence material through investment closing, and participate in the preparation and presentation of investment reports.
  • Compare proposed investment’s parameters in pro forma model and business terms against published underwriting criteria for variances. Collaborate with Acquisition Managers on responses to variances and other recommended mitigants.
  • Review and interpret development budgets, operational proformas, and other relevant data necessary for project underwriting analysis.
  • Review available metrics to form preliminary conclusions on market suitability and any recommended changes or areas for additional study.
  • Establish new and maintain existing relationships with developers, investors, allocating agency staff, third-party vendors, consultants, and other participants in the affordable housing industry.

Education Requirement: Bachelor’s Degree in real estate, finance, business, city planning, or economics or related field; or an equivalent combination of education and comparable work experience.

Work Experience: Minimum three (3) years progressively responsible work experience relevant to commercial real estate development, finance, investment modeling, or underwriting. Work history in the affordable housing field preferred.

Knowledge, Skills, and Abilities: The Risk Manager will develop and maintain knowledge of industry trends, underwriting standards, and federal and state programs. This includes knowledge of commercial real estate development, multifamily housing issues, and the LIHTC program. Important skills include the ability to: meet established timetables, manage multiple priorities, coordinate and share work with others, listen and understand issues, think critically and analytically, propose solutions, and meet departmental objectives. The position requires tactfulness and strong interpersonal and communication skills regarding portfolio performance, compliance, and other tax credit matters to internal and external stakeholders. Proficiency in Microsoft Word and Excel is required.

Work Environment: This position is based out of CAHEC’s corporate office in Raleigh, NC. As of January 3, 2022 this position will be remote for 60% of the time. Certain objectives require working on-site at various locations, such as properties in CAHEC’s investment portfolio, and some professional training opportunities may also require travel.

Compensation and Benefits: CAHEC is an equal-opportunity employer that offers a competitive compensation and benefits package.

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a Transitional Asset Manager. CAHEC is a non‐profit tax‐credit syndicator based in Raleigh, NC that fosters healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. Our portfolio comprises 700 assets throughout the southeast and mid‐Atlantic region. CAHEC also invests in the people living in the properties we help finance through innovative enrichment opportunities called Community Investments.

The Transitional Asset Manager is a critical member of CAHEC’s Transitional Asset Management team, providing development period oversight for a portfolio of investments from closing through stabilization. This is accomplished by (i) monitoring each investment’s construction, leasing, and operational performance, (ii) working with the Construction Manager and Compliance Manager to identify and mitigate risks to the timely delivery of tax credits, (iii) overseeing the capital contribution, tax credit adjuster, and permanent loan conversion processes, (iv) risk rating properties during the development stage, and (v) working with internal and external partners to ensure the investment attains stabilized operations.

The employment classification for this position is exempt.

Some specific functions include:

  • Coordinate receipt, review and execution of investment changes as the transitional phase evolves, including amendments to the Limited Partnership Agreement, loan agreements and other project documents.
  • Review construction budgets and schedules and lease up progress to ensure funding sources and uses remain in balance and timely delivery of tax credits.
  • Provide input on forecasted capital call schedules.
  • Review equity and loan funding requests and calculate equity adjustments.
  • Review cost certifications and 8609s.

Education Requirement: Bachelor’s degree in real estate, finance, business, city planning, or economics; or an equivalent combination of education and comparable work experience.

Work Experience: Minimum three (3) years progressively responsible work experience relevant to commercial real estate development, finance, underwriting, or investment modeling.

Knowledge, Skills, and Abilities: This position requires a knowledge of commercial real estate development, construction processes and financing, and the LIHTC program. The Transitional Asset Manager will be responsible for monitoring the tax credit delivery process, including the review of cost certifications and 8609s, and the calculation of equity adjusters. Important skills include the ability to review partnership agreements and loan documents, negotiate complex issues tactfully, and maintain positive working relationships with clients.

Work Environment: This position is a hybrid remote position and requires the employee to be on-site in our corporate office in Raleigh, NC a minimum of two days a week. Travel, typically by either commercial airline or automobile, is required for less than 10% of this position. Some professional training opportunities may require travel.

Compensation and Benefits: CAHEC is an equal‐opportunity employer that offers a competitive compensation and benefits package.

How To Apply

CAHEC is an equal-opportunity employer that offers a competitive compensation and benefits package. All applicants are required to submit a resume, cover letter, and CAHEC application to our Humans Resources Department at humanresources@cahec.com.