AVP Project Manager

Department:

Affordable Housing | Equity - Acquisitions

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  

Reporting to the VP, Project Manager, the AVP, Project Manager is responsible for managing the acquisition of limited partnership interests in affordable housing developments. As a member of an acquisitions pod, this role manages assigned LIHTC transactions from underwriting and due diligence through closing, ensuring thorough financial analysis, effective risk mitigation, and timely execution. The AVP works closely with developers, investors, and internal stakeholders to advance transactions, coordinate deliverables, and develop sound investment recommendations. As part of a growing business within Walker & Dunlop, this position offers the opportunity to take ownership of complex transactions, strengthen technical expertise, and contribute to the continued growth and success of the platform.

Primary Responsibilities 

• Manage assigned LIHTC transactions from underwriting and due diligence through closing, ensuring timely execution and adherence to established investment and transaction processes.
• Lead negotiations of project partnership agreements with developers, collaborating with the VP, Project Manager on complex transaction matters as appropriate.
• Conduct and review financial feasibility analyses, including construction sources and uses, operating budgets, projected income, and permanent financing structures.
• Review and negotiate loan and financing documents with multiple lenders, including conventional and tax-exempt lenders.
• Evaluate key due diligence materials, including tax credit applications, market studies, appraisals, environmental reports, title, survey, and regulatory approvals.
• Manage transaction timelines and coordinate cross-functional efforts with underwriting, construction, modeling, legal, and asset management teams to facilitate successful closings.
• Serve as the primary point of contact for developers on assigned transactions and respond to investor and internal inquiries regarding transaction status.
• Coordinate transaction activities and deliverables with Acquisitions Coordinators and other team members, ensuring accuracy, quality, and adherence to established underwriting and transaction processes.
• Prepare Project Acquisition Reports (PARs), including investment rationale, key transaction risks and mitigants, and recommended deal structures; present transactions to the Investment Committee for approval and support investor investment decisions through presentations and responses to due diligence inquiries.
• Proactively identify and address financial, legal, development, and transaction risks, collaborating with internal stakeholders and external partners to develop appropriate mitigation strategies and escalating complex matters as needed.
• Ensure complete, accurate, and compliant maintenance of project due diligence files.
• Collaborate with the VP, Project Manager to identify opportunities to improve transaction execution, team coordination, and established processes.
• Perform other duties as assigned
• Attendance is generally required from 8:30 am – 5:30 pm local time, Tuesday through Thursday, with the option to work remotely on Mondays and Fridays.

Education and Experience 

• Bachelor's degree required.
• 6+ years of experience in real estate finance, development, or affordable housing transactions.
• Demonstrated experience underwriting and structuring real estate transactions, preferably in LIHTC investments.
• Experience managing transactions and coordinating activities with cross-functional teams.
• Familiarity with escrow processes, title, and survey review preferred

Knowledge, Skills, and Abilities  

• Strong understanding of real estate development, finance, and LIHTC transactions.
• Advanced financial analysis skills with high proficiency in Microsoft Excel.
• Strong negotiation, analytical, and problem-solving abilities.
• Excellent written and verbal communication skills with the ability to effectively engage developers, investors, and internal stakeholders.
• Ability to independently manage multiple complex transactions in a deadline-driven environment.
• Strong organizational and project management skills, including the ability to coordinate deliverables, manage competing priorities, and maintain accountability for assigned transactions.
• Sound business judgment and ability to assess, mitigate, and appropriately escalate transaction risks.
• Ability to collaborate effectively with cross-functional teams and contribute to shared business objectives.
• High degree of professionalism and discretion.
• Ability to show ownership of your work, embrace challenges and growth opportunities, and demonstrate patience when learning new processes.
• Demonstrates courtesy, respect, and thoughtfulness when teaming with colleagues and collaborating with stakeholders. 

This position has an estimated base salary of $150,000 - $175,000 plus a discretionary bonus. An employment offer is based on the applicant’s relevant work experience, applicable knowledge, skills, abilities, internal equity, and alignment with market data.

#LI- BN1

#LI-Hybrid

What We Offer  

• The opportunity to join one of Fortune Magazine’s Great Places to Work winners

• Comprehensive benefit options* that have earned Walker & Dunlop the gold level of the 2025 Cigna Healthy Workforce Designation™, some of which include:
    - Up to 83% subsidized medical payroll deductions
    - Competitive dental and vision benefits
    - 401(k) + match
    - Pre-tax transit and commuting benefits
    - A robust health and wellness program – earn cash rewards and gain access to resources that
      promote health, engagement, and balance
    - Paid maternity and parental leave, as well as other family paid leave programs
    - Company-paid life, short and long-term disability insurance
    - Health Savings Account and Healthcare and Dependent Care Flexible Spending 

• Career development opportunities 

• Empowerment and encouragement to give back – volunteer hours and donation matching 

 
*Eligibility may vary based on average number of hours worked 

Equal Employment Opportunity Statement

We are committed to equity in all steps of the recruitment and employment experience. We believe in equal access to opportunities in our workplace. We do not tolerate discrimination, including harassment, based on any characteristic protected by applicable law, such as race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, and genetic information, or any other characteristic protected by applicable law. We strive to be a safe place to ask questions, build professional relationships, and develop careers.

SPAM
Please be wary of recruitment scams. An indication of a scam might be a request for sensitive or bank information at the time of application or emails coming from a non walkerdunlop.com email address. Please call us at 301.215.5500, if you have any concerns about information requested during or after the application process.

Fair Chance Hiring

Background checks, including any questions related to infractions, arrests, or conviction records, will not be conducted until after a conditional offer of employment has been accepted. We will consider for employment qualified applicants regardless of arrest and conviction records, in accordance with federal, state, and local laws.