Job Description
We are seeking an experienced consultant with deep expertise in the Low-Income Housing Tax Credit (LIHTC) program to assist with a strategic review of the Qualified Contract (QC) disposition process for a specific property in the state of Tennessee.
Project Scope:
1.Confirm and document the step-by-step QC process in Tennessee under THDA (Tennessee Housing Development Agency) oversight, including:
o Submission requirements
o Timeline and agency response obligations
o Interpretation of "qualified buyer" rules
o Recent policy updates or agency discretion
o Risks to successful QC execution
o Evaluate a specific property to determine any factors that could delay or block market conversion
2. Calculate the expected Qualified Contract Price per IRS guidelines, including:
o Equity basis and CPI-adjusted return
o Qualifying outstanding debt (can provide information for this)
o Any Tennessee-specific adjustments or precedents
Ideal Candidate:
- Direct experience with LIHTC compliance, disposition, or syndication
- Familiarity with THDA’s processes and staff a major plus
Deliverables:
- Written memo summarizing the QC pathway, risks, and strategy
- QC price calculation workbook (Excel or Google Sheets)
- call summary or Q&A session to walk through findings
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