Careers

Employees at CAHEC

Current Opportunities

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 a Fund Development 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 750 assets in twelve states. CAHEC also invests in the people living in the properties we help finance through innovative enrichment opportunities called Community Investments.

The Fund Development Manager is responsible for (i) generating and managing prospective investors for CAHEC-sponsored funds, (ii) assisting in the management of existing investor relationships and (iii) providing market research on the investment community. The employment classification for this position is exempt.

Some specific functions include:

  • Market multi-investor and Private Label fund opportunities to existing and prospective investors.
  • Increase fund subscriptions from new investors and diversify sources of investor capital.
  • Precipitate equity subscriptions from existing investors.
  • Generate meetings with qualified prospects a minimum twice per month.
  • Collect, analyze, and report market intelligence on current and prospective investors.
  • Attend local, regional, and national meetings pertaining to the affordable housing industry.

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

Work Experience: Minimum five (5) years progressively responsible work experience in low-income housing tax credits, real estate, capital markets or affordable housing, preferably in an origination role.

Knowledge, Skills, and Abilities: Possess a basic understanding of investment banking via capital markets, securities analysis, mergers or acquisitions, commercial lending, real estate investments and evaluation, or investment modeling. Demonstrate excellent interpersonal and communication skills (verbal and written), particularly for obtaining, organizing and accurately conveying information pertaining to fund and portfolio performance, marketing, negotiating, and other tax credit matters to internal and external stakeholders. Proven ability to manage multiple, concurrent priorities and easily adapt to constantly changing priorities to meet established timetables.

Work Environment: This position is based out of CAHEC’s corporate office in Raleigh, NC, which is an accessible, ergonomically equipped office environment. We are currently offering a Hybrid work arrangement requiring all employees to be on-site a minimum of two days a week. Additional duties and responsibilities require traveling to various locations to meet with partners or attend industry related events. Professional training and continuing education opportunities may also require the employee to travel to and from conference and meeting locations. Travel, typically by either commercial airline or automobile, is required for at least 30% of this position.

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 Special Assets Analyst. Created in 1992, CAHEC ranks as one of the largest nonprofit equity syndicators in the United States. CAHEC helps develop and foster healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. To further our impact on communities, we go beyond simply financing the development of housing to provide residents in our footprint with economic, educational, and enrichment opportunities. CAHEC’s mission is to provide communities with affordable housing and opportunities for growth and revitalization by investing in qualified tax credit products. We envision sustainable communities, offering housing and life-changing opportunities to their residents.

We are committed to building a workplace where diversity, equity, inclusion, and belonging are pillars to the foundation of our community. We believe our company thrives only when all employees do, and acknowledge that our efforts to dismantle racism, sexism and other barriers require consistent effort.

The Special Assets Analyst will primarily support the Special Assets Manager in the areas of dispositions, refinances, and workouts. This role requires strong analytical and modeling skills, as well as sound financial statement analysis. The Special Assets Analyst will report to the VP, Asset Management.

Some specific functions include:

  • Analyze, model, and help close investor exits and property dispositions.
  • Model and evaluate refinancing proposals submitted by investment general partners.
  • Assist the Special Assets Manager in developing and implementing workout plans for assets that pose immediate and/or costly risks to CAHEC and its investors.
  • Review financial statements, loan agreements and legal agreements to help formulate and evaluate disposition, refinance, and workout scenarios.

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

Work Experience: Minimum three (3) years progressively responsible work experience relevant to banking and/or multi-family real estate, including affordable housing tax credit development, underwriting, investment modeling, finance and/or asset management.

Knowledge, Skills, and Abilities: Knowledge of finance and accounting, and an ability to analyze financial statements. Exceptional analytical, financial modeling, and communication skills. Proven ability to generate financial models and forecasts.

Work Environment: This position is based out of CAHEC’s corporate office in Raleigh, NC. A minimum of a two day on-site is required each week for this position. Travel, typically by either commercial airline or automobile, is required for at least 10% 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.

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.