SVP, Head of LIHTC Credit

Department:

Affordable Housing | Equity - Administration

We are Walker & Dunlop.  We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where people live, work, shop, and play — to life. We are committed to creating meaningful social, environmental, and economic change in our communities.

Department Overview 

W&D Affordable Equity (formerly Alliant Capital) is a leading tax credit firm focused on tax credit syndication for the development and financing of affordable multifamily rental housing. As a syndicator of Low-Income Housing Tax Credits (LIHTC), W&D Affordable Equity raises corporate equity and monitors the development, construction, lease-up, and permanent financing phases of its investments. With a dedicated team of experienced real estate, asset management, legal, and tax professionals, we provide the highest level of fully integrated real estate and investment support services.   

 

The Impact You Will Have  

The SVP, Head of LIHTC Credit, will lead credit policy, governance, and risk oversight for WDAE. Reporting to the EVP, Group Head of WDAE, this senior leader will serve on WDAE’s leadership team and be responsible for ensuring sound transaction structures, disciplined credit standards, and well-supported credit recommendations across the LIHTC investment portfolio. The ideal candidate brings deep expertise in affordable housing and LIHTC credit and finance, proven leadership capabilities, and a balanced approach to credit risk and business growth. This role plays a critical part in advancing WDAE’s mission to expand affordable housing investment while maintaining prudent and sustainable credit practices. 

 

 

Primary Responsibilities 

• Lead credit and underwriting strategy for LIHTC and related affordable housing investments, including development and maintenance of firmwide credit and underwriting policies that align with AHIC standards and industry best practices. 

• Ensure consistent underwriting standards across all funds and investment vehicles, including multi-investor and proprietary platforms. 

• Oversee the Acquisition, Underwriting, and Construction Management teams in preparing, reviewing, and approving detailed investment memoranda, incorporating comprehensive project- and sponsor-level risk assessments. 

• Serve as a voting member of the Investment Committee, leading deliberations and ensuring decisions are well-documented, analytically sound, and aligned with the firm’s risk appetite. 

• Provide independent credit judgment on proposed transactions, articulating key risks and appropriate mitigants. 

• Monitor market, regulatory, and industry developments to ensure WDAE’s credit practices remain current, competitive, and compliant. 

• Partner with executive leadership to align credit strategy with overall business objectives and evolving market conditions. 

• Identify, quantify, and mitigate risks across all phases of investment, including construction, lease-up, operations, and sponsor performance. 

• Collaborate with Asset Management to monitor post-closing performance, identify early warning indicators, and recommend corrective actions. 

• Provide portfolio-level insights to senior leadership and the Investment Committee regarding risk trends, exposure management, and capital allocation. 

• Lead credit oversight of the developer portfolio, including sponsor financial reviews, exposure management, and concentration analysis. 

• Evaluate sponsor strength and project pipelines to assess cross-collateralized and concentration risk across programs.