Housing Finance Associate

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