Careers at MassHousing

Design and Construction Risk Engineer

Since its inception in 1966, MassHousing has supported affordable home ownership and rental housing opportunities throughout Massachusetts. The Agency has provided more than $25 billion for affordable housing in that time. Currently, MassHousing is seeking an experienced professional for the position of Design and Construction Risk Engineer to continue the Agency’s storied history of affordable housing funding.

The Design and Construction Risk Engineer is responsible for evaluating and commenting on construction-related proposals during the preconstruction phase, as well as providing high-level oversight of multifamily projects during construction. The Design and Construction Risk Engineer is a subject matter expert in the field of Construction Management tasked with performing complex project management during loan origination and underwriting, as well as during the construction phase.

The Design and Construction Risk Engineer provides input into management objectives by making decisions and rendering informed opinions on construction-related proposals. The Design and Construction Risk Engineer is responsible for performing detailed review of architectural plans and specifications, commenting on the suitability, performance, and quality of design, evaluating cost and performing independent cost estimating, and reviewing the overall project focusing on all factors that affect cost, including materials, labor, location, duration of the project and any special conditions or requirements.

The Design and Construction Risk Engineer provides technical expertise on construction contracts and any contract exhibits, reviews environmental recommendations and requirements, and is responsible for closure on the resolution of any environmental matters in accordance with contractual and regulatory requirements. The Design and Construction Risk Engineer reviews the capacity of the members of the development team, reviews and provides comments on the qualifications and assumptions of proposed construction contracts and other associated documents for conformance to industry standards, and coordinates with the underwriting team throughout the underwriting process and closing.

During the construction phase, the Design and Construction Risk Engineer provides high-level oversight to ensure enforcement of construction contracts and construction loan agreements by reviewing and approving requisitions for payment consistent with estimated costs and authorizing the closeout and final release at contract completion. The Design and Construction Risk Engineer is responsible for determining the acceptability of all construction-related activities, including acceptability for resolution of environmental matters (including remediation activities) in accordance with contractual and regulatory requirements, identifies issues/concerns throughout project construction and facilitates timely resolution.

More specifically, the Design and Construction Risk Engineer is responsible for the following:

• Evaluating and commenting on construction-related proposals and providing technical guidance during the loan origination and loan underwriting phases.
• Reviews architectural plans and specifications (commenting on the suitability and quality of design), construction contracts (including technical review of qualifications and assumptions contained therein), capacity of development team and other diligence materials related to construction.
• Evaluates cost proposals for alignment with comparable projects and accounting for special conditions that may contribute to extraordinary costs.
• Analyzes third-party engineering reports, including environmental site assessments, and coordinates administrative reviews in compliance with various statutory and regulatory requirements, including the National Environmental Policy Act (NEPA) and Massachusetts Department of Environmental Protection (Mass DEP).
• Oversees the administration and management of construction projects; reviewing project scope, design/construction and environmental documentation, and requisition activities.
• Periodically make inspection of projects that are in construction; participate in virtual and on-site meetings and walk-throughs as appropriate to the stage of construction.
• Perform other duties of a similar level and nature as assigned.

Knowledge, Skills and Abilities Required

• Knowledge of structural and mechanical systems and building components.
• Familiarity with multi-family housing preferred.
• Experience with resolving reviewing and resolving environmental matters preferred.
• The ability to communicate clearly and professionally with all levels of MHFA staff and a wide range of professionals outside of the agency is necessary.

Minimum Education and Training

• Bachelor’s degree in engineering, architecture, construction management or related field; and
• Five (5) years of professional experience dealing with construction project management, building analytics and/or design and engineering review; or
• An equivalent combination of education and experience sufficient to successfully perform the essential duties of the job.

Salary Range: $97,353 - $126,559

All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service.

MassHousing offers competitive compensation as well as an attractive benefits package. Learn more and apply for this position.

MassHousing is an Equal Opportunity Employer.

Neighborhood Hub - Summer Fellow

About MassHousing

MassHousing was created by an act of the Massachusetts Legislature in 1966 as an independent public authority charged with increasing affordable rental and for-sale housing in Massachusetts. Since making our first loan in 1970, the Agency has provided more than $27 billion in financing for the construction and preservation of affordable rental housing, and for affordable loan products for homebuyers and homeowners. The Agency is recognized as one of the premier housing finance agencies in the country and has won numerous national awards for creativity and innovation in affordable housing.

The Neighborhood Hub

The Neighborhood Hub is a new initiative to support local housing markets in Gateway Cities across the Commonwealth. The Hub is a multi-agency partnership that includes: MassHousing, MassDevelopment, Massachusetts Housing Partnership (MHP), the Massachusetts Association of Community Development Corporations (MACDC), the Massachusetts Institute for a New Commonwealth (MassInc), and the Commonwealth's Department of Housing and Community Development (DHCD).

The primary goal of the program is to stabilize neighborhoods with a high rate of vacant, abandoned, and blighted properties in Gateway Cities. For its first iteration, the Neighborhood Hub is supporting five cities and their non-profit partners by:

• Identify strategic neighborhood revitalization initiatives;
• Supporting the implementation of strategies for reclaiming vacant, abandoned, and blighted properties; and,
• Building capacity at the local level to implement change.

The Neighborhood Hub is located within MassHousing's Executive Director's office, with access to the technical expertise and resources of the partner agencies. The Summer Fellow will report directly to the Neighborhood Hub manager; and will interact regularly with the Hub's cities, non-profit partners, and the Hub advisory group.

The Fellow

MassHousing's Neighborhood Hub is seeking a Summer Fellow to support the program and the projects currently underway in five Gateway Cities. The Fellow will report to the Neighborhood Hub manager and will be responsible for supporting the team's objectives and goals.

General responsibilities will include:

• Support ongoing Hub projects through research, data analysis, and stakeholder management
• Market, demographic, and geospatial analysis for Hub projects
• Research and data dissemination to Hub partners and external stakeholders
• Internal + external engagement with Hub partners and advisory group
• Webinar and conference content development and management

This is a paid summer fellowship beginning at the start of June 2021, for a duration of 10-12 weeks.

Qualifications

• Candidates must be a graduate student in Urban Planning, Public Policy, Public Administration, Business Administration, or related fields
• A successful candidate must have strong interpersonal, project management and written communication skills
• This position requires advanced organizational skills and the ability to multi-task to effectively handle priorities
• The Fellow must be focused, detail-oriented, exercise sound judgment and provide strong initiative
• The ability to work independently is also essential
• Proficiency with Microsoft Suite and Arc GIS is required; experience with quantitative research tools is preferred

How to Apply

Learn more and apply for this position. Be sure to include why you are interested in this fellowship and why you are a compelling applicant for this position.

MassHousing is an EEO/AA M/F/V/D employer.

Senior Relationship Manager and Originator (Multi-Family)

Since its inception in 1966, MassHousing has supported affordable home ownership and rental housing opportunities throughout Massachusetts. The Agency has provided more than $25 billion for affordable housing in that time. Currently, MassHousing is seeking an experienced professional for the position of Senior Relationship Manager and Originator (Multi-Family), to continue the Agency’s storied history of affordable housing funding.

General Summary

The Senior Relationship Manager and Originator (Multi-Family), is responsible for originating multifamily debt financing opportunities for the Agency. S/he will conduct outreach that complements and expands current business development efforts and utilizes prior relationships and contacts developed during previous job experiences. In addition, s/he will maintain and nurture relationships with a portfolio of existing borrowers.

As a senior member of the Rental Business Development team, the Senior Relationship Manager and Originator (Multi-Family), is called upon to take a leadership role in: project and program development and management; leading teams of internal stakeholders on complex rental transactions; overseeing work product of junior team members including Originators and Origination Analysts.

Working with others in Rental Business Development, Rental Underwriting, Rental Management and Legal, the Senior Relationship Manager and Originator (Multi-Family), will structure transactions that meet the needs of the borrower and reflect MassHousing underwriting standards. S/he will remain current about changes in the housing, community development and multi-family lending industries and will participate in external events to promote MassHousing’s role in affordable housing throughout the Commonwealth.

Specific Duties and Responsibilities

• Market MassHousing’s multifamily loan products to both existing and potential borrowers.
• Develop and maintain relationships with those existing and potential borrowers and serve as the primary point of contact as they develop their transaction pipelines.
• With the assistance of Origination Analysts, source, pre-screen, analyze and structure potential loans. Develop and present Term Sheets on debt offerings to borrowers. Serve as the primary contact with borrowers throughout the loan origination process.
• Work collaboratively with the Rental Underwriting, Rental Management and Legal divisions during the underwriting and closing process. Present transactions to the MassHousing Board and Subcommittees of the Board for approval.
• Monitor borrowers’ MassHousing loan portfolios and pro-actively initiate discussions regarding refinancing opportunities.
• Coordinate and support new product initiatives.
• Oversee the work of Originators and Origination Analysts as needed.
• Perform special assignments and other duties as requested.

Knowledge, Skills and Abilities Required

• Knowledge of real estate finance fundamentals and financial analysis principles.
• Strong work ethic and the ability to work independently with minimal supervision, and as a member of a team.
• Strong interpersonal, written and oral communication skills.
• Excellent organizational and analytical skills with a high-level of attention to detail.
• Ability to multi-task while managing a high-volume workload accurately and effectively.

Minimum Education and Training

• Bachelor's Degree required; preference for candidates with advanced degrees in Finance, Real Estate Management, Business Administration, or related field.
• Ten years of substantive experience in real estate finance and/or real estate.
• Knowledge of tax credit equity, government and private lending platforms, including credit enhancement and rental subsidy programs preferred.
• Demonstrated history of academic success and professional development.

Salary: $110,255 - $176,408

All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service. Inherent in these values is our commitment to diversity, equity and inclusion for all.

MassHousing offers competitive compensation as well as an attractive benefits package. Learn more and apply for this position.

MassHousing is an Equal Opportunity Employer. 

Technical Analyst

Since its inception in 1966, MassHousing has supported affordable home ownership and rental housing opportunities throughout Massachusetts. The Agency has provided more than $25 billion for affordable housing in that time. Currently, MassHousing is seeking an experienced professional for the position of Technical Analyst to continue the Agency’s storied history of affordable housing funding.

The Technical Analyst is responsible for monitoring tasks and providing alerts to staff to ensure timely completion of tasks. The individual works under the direction of the Quality Assurance Manager and is responsible for documenting monitoring activity, including activity under the HUD Section 8 PBCA program.

The position is responsible for ensuring business relationship changes are processed in accordance with applicable requirements and that all affected Departments are notified and supporting documentation is archived as applicable.

The Technical Analyst is also responsible for accurate and timely updates to the state data base that contains data collected as required by 760 CMR 61.04 on assisted housing units in Massachusetts and for assisting partner users update their log in credentials for the data base. The position supports and advises the Quality Assurance Manager on all data base matters and is responsible for providing and archiving documentation supporting all database changes.

The position also administers access to the Rental Portal for external users and performs other duties as assigned by the Manager.

More specifically, the Technical Analyst is responsible for the following:

• Collaborating with the Quality Assurance Manager to identify specific changes to policies and procedures that mitigate risk;
• Providing guidance and training to partner users of the assisted housing units database;
• Providing backup for tasks performed by department colleagues;
• Providing specialized reports for the Division;
• Ensuring logs are maintained and alerts issued for timely processing of tasks;
• Working knowledge of the Agency’s Business Intelligence database and the MGL-334 database);
• Archiving Change of Business Relationship documentation;
• Collaborating with the Quality Assurance Manager to identify cost containment opportunities;
• Collaborating as applicable to improve documentation for database updates;
• Collaborating in the analysis of demographics for Affirmative Fair Housing Marketing Plans;
• Performing other duties as assigned by the Portfolio Manager.

Knowledge, Skills and Abilities Required

• Exceptional critical thinking and problem-solving skills.
• Excellent communication, interpersonal, organizational, writing, verbal, and analytical skills.
• Strong work ethic and the ability to work independently with minimal supervision, and as a member of a team.
• Strong interpersonal and communication skills.
• Effective time management and project management skills.
• Proficiency with Adobe Pro DC, Microsoft Windows 10, Microsoft Office 365, MS-Teams, and MS-SharePoint.

Minimum Education and Training

• Bachelor's Degree preferred; preference for candidates with degrees in Business Administration, or related field.
• 3-5 years of experience in regulatory compliance with a strong preference for candidates with a background in database management.

Salary Range: $57,031 - $85,547

All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service. Inherent in these values is our commitment to diversity, equity and inclusion for all.

MassHousing offers competitive compensation as well as an attractive benefits package. Learn more and apply for this position.

MassHousing is an Equal Opportunity Employer.