Careers at MassHousing

At MassHousing, we believe a home is more than a roof and four walls. A home is safety and security, opportunity and peace of mind. Our team of talented professionals works to ensure that all Massachusetts residents have a safe, healthy and affordable place to call home. If you share our commitment, we hope you will consider joining us.

Equal Opportunity Employer M/F/V/D

MassHousing is committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants, colleagues and partners without regard to race, color, religion, sex, pregnancy, national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information, military and veteran status, and any other characteristic protected by applicable law. MassHousing believes that diversity and inclusion among our colleagues and partners is critical to our success, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.

Why Work at MassHousing?

Competitive salaries

Work/Life Balance with flexible schedules and generous leave time

Comprehensive health, dental, life, and disability plans

Professional development & tuition assistance

Employer-matched deferred compensation plan

Current Openings

Associate Underwriter

Since its inception in 1966, MassHousing has supported affordable home ownership and rental housing opportunities throughout Massachusetts. The Agency has provided more than $27 billion for affordable housing in that time. Currently, MassHousing is seeking an experienced professional for the position of Associate Underwriter to continue the Agency’s storied history of affordable housing funding.

The Associate Underwriter is primarily responsible for underwriting multifamily affordable housing financing transactions under the supervision of an Underwriter. Additionally, the Associate Underwriter is responsible for the day-to-day operations, oversight, and maintenance of various underwriting programs. Transactions will include both taxable and tax-exempt executions with either new construction, substantial rehabilitation, or refinancings with moderate rehabilitation, both with and without Low Income Housing Tax Credits (LIHTC). The Associate Underwriter will engage in transactions at the pre-screen stage, initially providing internal guidance on potential underwriting issues including loan sizing, market/appraisal concerns, as well as environmental and construction reviews. As the transaction proceeds to underwriting, the Associate Underwriter will collect and review due diligence, perform financial modeling and analysis, and communicate with internal and external parties. The Associate Underwriter will work closely with an Underwriter to ensure that underwriting issues are identified and addressed, and that loans are processed in accordance with prudent loan standards and applicable MassHousing and HUD/FHA regulations, guidelines, and policies. The Associate Underwriter will assist in the preparation and presentation of the loan package for credit approval. The Associate Underwriter will become proficient in the underwriting and processing of Risk Sharing and FHA-insured transactions for existing portfolio refinancings and new Agency business. The Associate Underwriter is expected to enroll in select course offerings in order to become an Underwriter, therefore, candidates must have a demonstrated history of academic success and professional development. The Associate Underwriter will perform other duties and responsibilities as assigned.

More specifically, the Associate Underwriter is responsible for the following:

  • Perform all underwriting related tasks as needed, including but not limited to collection and review of due diligence, financial modeling and analysis, communication with internal and external parties.
  • Oversee the day-to-day operations of various underwriting programs including progress tracking, issue resolution, and communication with internal and external partners.
  • Perform all other duties as assigned by supervisor.

Knowledge, Skills and Abilities Required

  • Previous experience with LIHTC and/or FHA MAP.
  • Strong MS Office skills, including Excel.
  • Previous experience with financial modeling and analysis.
  • Excellent written and oral communication skills.
  • Ability to apply critical thinking skills to propose strategic recommendations and solutions.

Minimum Education and Training

  • Bachelor's degree in finance, business administration or directly related field and four years of professional mortgage loan, underwriting or housing finance experience; OR an equivalent combination of education and experience sufficient to successfully perform the essential duties of the job such as those listed above.
  • HUD-approved MAP underwriter (or commitment to training/testing for the designation) preferred.
  • Three to five years of substantive experience in finance or real estate, with preference for LIHTC and/or FHA lending experience.
  • Must have broad knowledge of government and private financing programs, including federal insurance and subsidy programs.

Salary Range: $81,579 - $130,526

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.

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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.

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Relationship Manager and Originator (Multifamily)

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 Relationship Manager and Originator (Multifamily) to continue the Agency’s storied history of affordable housing funding.

The Relationship Manager and Originator (Multifamily is primarily 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.

Working with others in Rental Business Development, Rental Underwriting and Asset Management, the 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.

More specifically, the Relationship Manager and Originator (Multi-Family) is responsible for the following:

  • 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, Legal and Rental Management 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.
  • 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.
  • Five to seven 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: $97,363 to $126,559

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. 

+ Show Position Description - Less

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