Housing Finance Associate

Mass Development • Boston, MA

1d • $85,000 - $95,000 • Hybrid

About The Position

MassDevelopment, Massachusetts’ development finance agency and land bank, provides financing solutions, real estate expertise, and other assistance to strengthen the state’s economy. It works with businesses, nonprofits, developers, banks, and municipalities to support job creation, housing, and vibrant communities.

The Housing Finance Associate works within the Investment Banking Department and reports to the Senior Vice President, Housing Finance. The role supports the origination, underwriting, structuring, closing, and ongoing administration of tax-exempt financings that create and preserve affordable housing across Massachusetts. The Associate contributes to tax-exempt bond and housing finance activities through financial and due diligence review, transaction management, volume cap administration, compliance monitoring, business development support, and client relationship management.

Requirements

• Bachelor’s degree in Finance, Economics, Real Estate, Business Administration, Public Policy, Accounting, or a related field.
• Two to four 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.
• Excellent written, verbal, interpersonal, and presentation skills.
• Proficiency with Microsoft Office, including Excel, Word, PowerPoint, Outlook, and Copilot.

Nice To Haves

• Knowledge of or demonstrated interest in affordable housing development, LIHTC transactions, tax-exempt bonds, or public-purpose financing programs.

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, ensuring accurate data entry into Agency systems, preparing committee materials and internal approval documents, and participating in transaction-related closing calls.
• Support management of the Agency’s affordable housing pipeline through accurate data entry, reporting, and transaction tracking.
• Coordinate transaction-related public hearings, including scheduling hearings, preparing materials, participating in proceedings, and managing TEFRA hearing processes and related documentation.
• Coordinate post-issuance compliance activities for tax-exempt bond financings, including tracking borrower reporting requirements, compliance certifications, and IRS filings.
• Support compliance monitoring activities related to Chapter 40B.
• Participate in client meetings and financing discussions, and assist in developing presentations, marketing materials, and financing proposals.
• Support transaction and program management, conduct special research projects, and perform other duties as assigned.

Benefits

• Medical, dental, and vision insurance.
• 401(a) and 457(b) retirement plans with agency match.
• Vacation, sick time, personal days, and holidays.
• Hybrid work options.
• Tuition reimbursement, student loan assistance, and opportunities for continued learning.
• Wellness resources and programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level