Affordable Housing Project Finance Coordinator

Company Overview

Connecticut Housing Partners (CHP), formerly known as Mutual Housing Association of Southwestern Connecticut, is dedicated to creating and sustaining affordable housing while revitalizing neighborhoods in Fairfield County. Since 1990, CHP has been a leader in providing safe and secure housing solutions for low and moderate-income residents, contributing over $100 million in community investments.

JOB SUMMARY

We are seeking a detail-oriented and analytical Affordable Housing Project Finance Coordinator to support the financial structuring, budgeting, and reporting of affordable housing projects. The AHPFC is responsible for maintaining accurate project funding records, monitoring and reporting funding source statuses, and ensuring compliance with regulations and guidelines.

This role works closely with real estate development managers, project managers, and finance teams to ensure compliance with funding requirements, manage financial processes, and coordinate project activities to support the financial structuring, budgeting, and reporting of affordable housing projects.

The ideal candidate has a strong understanding of affordable housing finance, compliance, and project coordination.

ESSENTIAL DUTIES

Project Finance & Funding Coordination

• Research various project funder requirements and track compliance criteria for each funding source.
• Discuss available funding sources with real estate development managers and assist in structuring financing for affordable housing projects, including LIHTC, tax-exempt bonds, state and local funding, and private debt/equity.
• Compile necessary financial information for funding applications through collaboration with other employees, database research, and fact-finding meetings.

Project Budgeting & Compliance

• Work with project managers to develop and track project budgets and expenditures.
• Ensure compliance with regulations related to LIHTC, HUD, HOME, and other affordable housing programs.
• Interpret financial data and prepare budgets, financial grant reports, and cost certifications.
• Assist with due diligence efforts by gathering and reviewing financial and legal documents required for funding.
• Collaborate with accounting and asset management teams to ensure accurate financial reporting and funding tracking.

Cross-Team Collaboration & Process Improvement

• Communicate effectively with internal and external stakeholders, including lenders, investors, and public agencies.
• Assist in analyzing financing scenarios and developing funding strategies for new and existing projects.
• Support efforts to optimize project financing structures to maximize affordability and financial sustainability.
• Contribute to process improvements to enhance efficiency in financing and development workflows.
• Perform other related duties as assigned.

EDUCATION AND EXPERIENCE

· Associate’s degree in finance, business, real estate, or a related field required; bachelor’s degree preferred.

· At least three years of experience in project finance, affordable housing finance, or related financial coordination roles.

· Experience with affordable housing funding sources such as LIHTC, tax-exempt bonds, and HUD programs is highly preferred.

· Familiarity with compliance and reporting requirements for public and private funding sources.

• Assist in the financial portions of grant applications and funding proposals to secure necessary financing for affordable housing developments.
• Coordinate all required documents, forms, and reports for project funders, including monthly draws.
• Track financing deadlines, funding disbursements, and compliance requirements.
• Develop and maintain master files on funding sources and paperwork connected to project funders.
• Maintain accurate financial records and documentation for audit and compliance purposes.
• · Familiarity with real estate development processes and project financing structures.

· Knowledge of GAAP accounting principles and financial compliance standards.

KNOWLEDGE, SKILLS AND ABILITIES

· Excellent verbal and written communication skills.

· Thorough understanding of basic accounting principles and financial reporting.

· Strong financial modeling and Excel skills.

· Proficiency in Microsoft Office Suite, QuickBooks, or related financial software.

· Extremely organized and meticulous with details.

· Excellent project coordination skills with the ability to prioritize work and resources.

· Ability to meet deadlines and manage multiple tasks efficiently.

· Ability to be discreet with sensitive financial information related to grants, salaries, and upcoming projects.

· Valid Connecticut Driver’s License.

Job Type: Full-time

Pay: From $63,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Ability to Commute:

• Bridgeport, CT 06610 (Required)

Ability to Relocate:

• Bridgeport, CT 06610: Relocate before starting work (Required)

Work Location: In person

Salary : $63,000