Affordable Housing Finance Jobs

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Housing Finance Associate

MassDevelopment Boston, MA

Boston, MA

Today

$85k - $95k/yr Full time Accounting Affordable Housing Finance Bond Compliance

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Job Description

MassDevelopment seeks a Housing Finance Associate in its Investment Banking Department to support affordable housing tax-exempt financings from application through post-issuance administration.

Responsibilities

Review bond application materials, including development budgets, operating pro formas, financial statements, sources and uses, cash flow projections, and transaction-related due diligence reports.
Support transaction management and execution by maintaining transaction files, performing accurate data entry into Agency systems, and preparing committee materials and internal approval documents.
Participate in transaction-related closing calls and support coordination across transaction stakeholders.
Assist with management of the Agency’s affordable housing pipeline through accurate data entry, reporting, and transaction tracking.
Coordinate transaction-related public hearings, including scheduling, preparation of hearing materials, participation in proceedings, and management of TEFRA (Tax Equity and Fiscal Responsibility Act) hearing processes and related documentation.
Coordinate post-issuance compliance for tax-exempt bond financings by tracking borrower reporting requirements, compliance certifications, and IRS filings.
Support compliance monitoring activities related to Chapter 40B.
Join client meetings and financing discussions; assist with developing presentations, marketing materials, and financing proposals.
Support transaction and program management; conduct special research projects; perform other duties as assigned.

Requirements

Bachelor’s degree in Finance, Economics, Real Estate, Business Administration, Public Policy, Accounting, or a related field.
2 to 4 years of relevant experience in affordable housing finance, real estate finance, commercial lending, municipal finance, investment banking, community development finance, accounting, or a related field.
Strong financial modeling, underwriting, analytical, and quantitative skills.
Knowledge of or demonstrated interest in affordable housing development, LIHTC transactions, tax-exempt bonds, or public-purpose financing programs (preferred).
Excellent written, verbal, interpersonal, and presentation skills.
Proficiency with Microsoft Office including Excel, Word, PowerPoint, Outlook, and Copilot.

Location & Work Setup

Boston, MA (hybrid)
Salary: USD 85,000 - 95,000 per year

Tools

Microsoft Office (Excel, Word, PowerPoint, Outlook)
Copilot

Benefits

Medical, dental, and vision insurance
Robust 401(a) and 457(b) plans with agency match
Vacation, sick time, personal days, and holidays
Hybrid work options
Tuition reimbursement, student loan assistance, and opportunities for continued learning
Resources and programs to help you thrive personally and professionally

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