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.
Current Openings
Design & Construction Risk Manager
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on December 20, 2023
Website: www.masshousing.com
MassHousing recently affirmed its longstanding commitment to diversity and inclusion in its 5-year Strategic Goals.
The Organization
MassHousing will confront the housing challenges facing the Commonwealth to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $27.5 billion for more than 125,000 apartments and more than 105,000 home mortgage loans. Beyond lending, we also work to promote economic growth and empowerment for families, individuals, and businesses; help communities increase their housing stock; provide hope and homes for vulnerable populations, and look for new, cost-effective ways to provide equitable housing opportunities. We have a relentless determination to confront the Commonwealth's housing challenges and improve lives.
We know that we cannot meet our mission without a workforce that is committed to standing with us in our efforts. We achieve this by making investments in staff development and prioritizing individuals who align with our values including an unwavering dedication to diversity, equity, and inclusion.
As an employee of MassHousing you are offered a great career opportunity which is more than a paycheck. MassHousing's total compensation package features an outstanding set of employee benefits which you should consider towards your overall compensation, including but not limited to:
- Tuition reimbursement up to $10,000 per calendar year
- A 35-hour work week and a hybrid work schedule
- Back up Child/Elder Care
- Retirement Savings including a pension and a deferred compensation plan (with a match)
- Comprehensive health, dental and vision plans
- 12 paid Holidays per year and generous sick, vacation, and personal time
- Short-Term Disability
- Central Boston office location, convenient to public transportation and amenities on site
If you're ready to join our dynamic team of mission driven professionals, this might be the job for you! Interested candidates should send a letter of interest and a resume to MassHousing by logging in to https://prd01-hcm01.prd.mykronos.com/ta/6003873.careers?CareersSearch
Position Summary
The Design & Construction Risk Manager is responsible for supervising a team tasked with providing oversight of multifamily projects during construction. This individual is recognized as a leader within the Design & Construction Department who provides technical expertise in construction management and on construction-related issues. The Manager participates in conducting the technical analysis precedent to the underwriting of multifamily loans, supervises the administration of all construction contracts and repair loan agreements, and is responsible for certifying the completion and close-out of all contracts in accordance with applicable HUD regulations and MassHousing guidelines.
The Manager is a subject matter expert in the field of Construction Management tasked with performing complex project management throughout a project’s construction. The Manager provides input into management objectives by making decisions and coordinating the review and acceptance of documentation required under the terms and conditions of construction contracts and construction loan agreements.
The Manager assists in the underwriting of multifamily loans by assisting in the design and environmental review of proposed transactions. This individual collaborates with, and provides technical assistance to, the Project Architect in reviewing and advising on the reasonableness, quality, and consistency of proposals to ensure compliance with program and statutory guidelines and considers potential Agency risk exposure related to proposed multi-family transactions. This individual participates in the project from pre-construction due diligence through construction. This individual reviews technical information, design and material specifications, personnel qualifications, construction schedules, and construction budgets for projects seeking financing.
The Manager supervises the administration of all construction contracts and repair loan agreements in order to ensure the timely completion of construction/repair work in accordance mortgage loan documents and facilitates the timely advancement of escrowed funds to borrowers. The Manager is responsible for certifying the completion and close-out of all contracts in accordance with applicable FHA regulations and MassHousing guidelines.
The Manager provides training and direction to and has responsibility to for approving requisitions for payment and change orders requests. This individual also coordinates with the Prevailing Wage Officer to ensure compliance with MassHousing statutes, and state and federal wage prevailing wage requirements, if applicable.
The Manager periodically visit sites to evaluate appropriateness of proposed or completed work and may review other concerns regarding properties within the MassHousing portfolio. This individual is expected to maintain awareness of construction practices, to periodically review Agency construction standards, and to participate in other matters related to construction or facilities as may occur.
Specific Duties and Responsibilities
- Supervise an experienced team tasked with providing oversight of multifamily projects during construction.
- Provides essential risk management contributions to the Agency’s underwriting process by reviewing and advising on design, construction, and environmental matters on proposed construction loans.
- Participates in the monitoring and enforcement of federally mandated wage requirements pursuant to 24 CFR Part 266, et seq., in accordance with labor standards prescribed by the U.S. Department of Labor (DOL), including 29 CFR Parts 1, 3, 5-7.
- Supervise the certification of the completion and close-out of all contracts in accordance with applicable FHA regulations and MassHousing guidelines.
- Periodically inspects projects in construction, attends meetings with owners, developers, contractors, architects, and other deal participants.
- Supervise staff tasked with coordinating the funding advances and the close out (dispositions) of repair escrows.
Knowledge, Skills and Abilities Required
- Strong organizational skills.
- Experience in Construction Supervision and Project Management.
- Experience in Construction Contract Administration.
- Demonstrated ability to design, implement, manage the lifecycle, and measure the impact of programs.
- Ability to provide strategic level, critical thinking in problem solving settings.
- Ability to manage staff through significant levels of change.
- Demonstrated ability to develop external partnerships to advance corporate goals.
- A strong work ethic, with a results-oriented philosophy and personal qualities of trustworthiness, openness, accessibility, kindness, flexibility, and a sense of humor.
- Massachusetts Construction Supervisors License preferred.
- Supervisory experience preferred.
Minimum Education and Training
- Bachelor's Degree in Real Estate Finance, Business Administration, or related field, or an equivalent combination of education and work experience required.
- Experience in Affordable Housing with a strong preference for candidates with experience in real estate development or operations, mortgage lending, financial services, federal and state regulatory compliance.
Salary Range: $101,287 - $131,673
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 is an Equal Opportunity Employer
Fair Housing Program Compliance & Grant Administration Analyst
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on December 20, 2023
Website: www.masshousing.com
MassHousing recently affirmed its longstanding commitment to diversity and inclusion in its 5-year Strategic Goals.
The Organization
MassHousing will confront the housing challenges facing the Commonwealth to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $27.5 billion for more than 125,000 apartments and more than 105,000 home mortgage loans. Beyond lending, we also work to promote economic growth and empowerment for families, individuals, and businesses; help communities increase their housing stock; provide hope and homes for vulnerable populations, and look for new, cost-effective ways to provide equitable housing opportunities. We have a relentless determination to confront the Commonwealth's housing challenges and improve lives.
We know that we cannot meet our mission without a workforce that is committed to standing with us in our efforts. We achieve this by making investments in staff development and prioritizing individuals who align with our values including an unwavering dedication to diversity, equity, and inclusion.
As an employee of MassHousing you are offered a great career opportunity which is more than a paycheck. MassHousing's total compensation package features an outstanding set of employee benefits which you should consider towards your overall compensation, including but not limited to:
- Tuition reimbursement up to $10,000 per calendar year
- A 35-hour work week and a hybrid work schedule
- Back up Child/Elder Care
- Retirement Savings including a pension and a deferred compensation plan (with a match)
- Comprehensive health, dental and vision plans
- 12 paid Holidays per year and generous sick, vacation, and personal time
- Short-Term Disability
- Central Boston office location, convenient to public transportation and amenities on site
If you're ready to join our dynamic team of mission driven professionals, this might be the job for you! Interested candidates should send a letter of interest and a resume to MassHousing by logging in to https://prd01-hcm01.prd.mykronos.com/ta/6003873.careers?CareersSearch
Position Summary
The Fair Housing Program Compliance & Grant Administration Analyst is an active contributor within the Rental Underwriting Division and is responsible for supporting portfolio-wide policies and programs to ensure compliance with various legal and regulatory requirements, including HUD's Affirmative Fair Housing Marketing Regulations (24 CFR Part 200, Subpart M), the Commonwealth's Fair Housing Marketing and Resident Selection Plan Guidelines (760 CMR 47.00), and Limited English Proficiency/Language Access Policy. The Analyst supports initiatives seeking new capital sources by assisting in the preparation of applications for competitively funded awards and for program administration. The Analyst provides training and technical assistance to both internal and external stakeholders.
The Analyst is responsible for performing a technical review of all Affirmative Fair Housing Marketing Plans (AFHMP) to ensure compliance with Federal Regulations and/or State Guidelines. The Analyst provides technical assistance in the implementation of Language Access Policies (LAP) for all projects in MassHousing’s multi-family portfolio, including projects receiving state and federal assistance (e.g., HUD project-based Section 8, Section 8 Housing Choice Vouchers, Section 202, Section 811, Low Income Housing Tax Credits (LIHTC), Affordable Housing Trust Fund (AHTF), Massachusetts Rental Voucher Program (MRVP), SHARP, projects permitted under M.G.L. c. 40B, and Workforce Housing). The Analysts prepares all AFHMPs and LAPs for transactions financed through MassHousing’s various lending platforms, including traditional Risk Sharing, Risk Sharing/Federal Financing Bank (FFB), HUD 223(f) and 232 MAP programs, and Conduit Bond Program. As a subject matter expert, this individual mitigates risk by ensuring the integrity of mission critical functions.
The Analyst supports initiatives seeking opportunities for new capital sources aligned with MassHousing’s mission. This includes opportunities for funding from the U.S. Treasury/CDFI Fund under its Capital Magnet Fund. The Analyst participates in the technical writing of applications and provides guidance and training to internal stakeholders for the administration of funds in compliance with applicable regulations. The Analyst is responsible for periodic compliance reporting on the use of funds.
The Analyst serves as a designated subject matter expert, performing complex review and analysis, which may include providing direction to other staff. Decision-making includes providing input into management objectives, establishing work goals and objectives of a unit to carry out management direction, and selecting the method to address a problem or issue, subject to the constraints established by management objectives and direction.
This individual reports to the Fair Housing Program Compliance/Grant Administration Manager.
Specific Duties and Responsibilities
- Provide support to Manager in review, analysis, testing and staff guidance regarding compliance with federal regulations and state guidelines and investor requirements for loans and HUD activities.
- Assist with processing AFHMP, LAP, and CMF compliance related issues, following established policies and procedures.
- Provide support to Manager on CMF affordability monitoring and annual performance reporting, participate in technical writing of applications, and provide training to internal stakeholders for the administration of funds in compliance with applicable regulations.
- Participate in the closing of multi-family mortgage loans by facilitating the review and approval all state and federal AFHMPs, including approval by HUD’s Office of Fair Housing and Equal Opportunity (FHEO), as applicable.
- Facilitate ongoing compliance for all MassHousing developments with AFHMP and LAP requirements and provides routine reporting.
- Responsible for generating reports from the United States Census Bureau’s demographic data/social characteristics platform and exporting applicable AFHMP data reports.
- Recommend and implement procedures to ensure compliance with program requirements and identify, correct, and prevent non-compliance.
- Complete other assignments as requested.
Knowledge, Skills and Abilities Required
- Exceptional critical thinking and problem-solving skills with a focus on risk mitigation.
- Strong work ethic and the ability to work independently and as a collaborative member of a team.
- Strong interpersonal and communication skills (oral and written).
- Effective time management and project management skills.
- Understanding of residential real estate development and management, with a working knowledge of affordable housing programs.
- Ability to collaborate with other disciplines (Legal, Loan Origination/Underwriting, Asset Management, Marketing).
- Ability to work in a customer focused environment with interaction with all levels of MassHousing, owner/agent corporate structure and partner regulatory agencies (HUD and DHCD).
Minimum Education and Training
- Bachelor's Degree in Real Estate Finance, Business Administration, or related field, or an equivalent combination of education and work experience required.
- Experience in Affordable Housing with a strong preference for candidates with experience in real estate development or operations, mortgage lending, financial services, federal and state regulatory compliance.
Salary Range: $84,875 - $110,338
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 is an Equal Opportunity Employer
Mortgage Officer
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on December 11, 2023
Website: www.masshousing.com
MassHousing recently affirmed its longstanding commitment to diversity and inclusion in its 5-year Strategic Goals.
The Organization
MassHousing will confront the housing challenges facing the Commonwealth to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $27.5 billion for more than 125,000 apartments and more than 105,000 home mortgage loans. Beyond lending, we also work to promote economic growth and empowerment for families, individuals, and businesses; help communities increase their housing stock; provide hope and homes for vulnerable populations, and look for new, cost-effective ways to provide equitable housing opportunities. We have a relentless determination to confront the Commonwealth's housing challenges and improve lives.
We know that we cannot meet our mission without a workforce that is committed to standing with us in our efforts. We achieve this by making investments in staff development and prioritizing individuals who align with our values including an unwavering dedication to diversity, equity, and inclusion.
As an employee of MassHousing you are offered a great career opportunity which is more than a paycheck. MassHousing's total compensation package features an outstanding set of employee benefits which you should consider towards your overall compensation, including but not limited to:
- Tuition reimbursement up to $10,000 per calendar year
- A 35-hour work week and a hybrid work schedule
- Back up Child/Elder Care
- Retirement Savings including a pension and a deferred compensation plan (with a match)
- Comprehensive health, dental and vision plans
- 12 paid Holidays per year and generous sick, vacation, and personal time
- Short-Term Disability
- Central Boston office location, convenient to public transportation and amenities on site
If you're ready to join our dynamic team of mission driven professionals, this might be the job for you! Interested candidates should send a letter of interest and a resume to MassHousing by logging in to https://prd01-hcm01.prd.mykronos.com/ta/6003873.careers?CareersSearch
Position Summary
The Mortgage Officer is responsible for performing credit and financial analysis for the proposed mortgagor and general contractors of affordable housing developments financed by the Agency. This individual also holds primary responsibility for decisions regarding borrower and contractor creditworthiness, loan escrow requirements, funding of requisitions, and other loan funding activities. The Mortgage Officer acts as a liaison to borrowers in communicating Agency policies and procedures regarding credit approvals, requisitions, and cost certifications, and works independently to resolve issues related to mortgage credit risk and development funding. The Mortgage Officer also assists in the development of policies and procedures pertaining to financial capacity and credit reviews, loan equity requirements, requisition disbursements, cost certifications, and the establishment of equity for limited dividend purposes.
Specific Duties and Responsibilities
- Review development budget, construction cash flow, and Agency’s required documents (i.e., Note, Mortgage, Regulatory Agreement) in concert with rental underwriting and legal teams during the loan closing process.
- Review and approve monthly requisitions for on-going construction projects. Work with treasury and loan servicing departments to ensure requisition is funded and booked in Agency’s loan system in a timely manner.
- Assist Legal and Underwriting Departments in Loan Closings, Settlement Statements, Escrow fundings.
- Act as point of contact, provide feedback, and resolve any issues with outside borrowers and their closing team in the multifamily loan closing process for both permanent and construction closings.
- Assist other personnel in the Finance and Loan Servicing departments on loan related reporting, financial problem solving, account reconciliation and other projects as they arise.
Knowledge, Skills and Abilities Required
- Excellent communication skills, both verbal and written.
- Ability to provide on-going direction and support to teams within the organization.
- Knowledge of and ability to read, interpret and draw accurate conclusions from financial and numerical data.
- Ability to develop and maintain a workable schedule to accomplish the overall goals of day-to-day operations.
- Ability to use creative problem-solving techniques and sound judgement in making business decisions.
- Ability to build and use effective working relationships with internal and external clients.
- Resolve conflicts effectively.
- Understands the potential of available technology and its applicability to Agency business.
- Stays informed about and applies in-house technology in ways that will improve productivity and efficiency.
Minimum Education and Training
- Bachelor's degree in Finance or Accounting from an accredited university or college.
- Minimum 5 to 7 years’ experience in loan underwriting or real estate development and finance.
- Knowledge of Federal and State subsidy programs.
- Knowledge of Low-Income Housing Tax Credit (LIHTC) programs (federal, state, historic) helpful.
Salary Range: $92,338 to $120,040
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 is an Equal Opportunity Employer
What our team is saying
"Working at MassHousing gives me a strong sense of purpose, as well as the ability to grow and use my skills in an impactful way. I take pride in knowing that I am a trusted and valued advisor, who provides assurances on governance, risk and control activities. Management's receptiveness to creative solutions, drive for efficiency and unwavering desire to continuously improve its people and the work we do, makes MassHousing a workplace that aligns with my personal and professional values."
–Cynthia F., Internal Audit
"There are many benefits to working at MassHousing such as career advancement, job stability and a safe working environment. Most importantly, I work with a great group of colleagues and managers. We all work together as a family and a united team with the same goals and mission to serve our customers with respect, integrity and satisfaction. MassHousing is a workplace that feels like home."
–Charlene H., HomeOwnership
"One goal I dreamed about while in college was to work for an organization for my entire career in Accounting and Finance. I am happy to say that MassHousing has fulfilled my dream. One does not remain with an organization for over 32 years if it did not challenge the individual while providing a progressive supportive environment that encourages and promotes employee development...I have heard that we spend about 90,000 hours at work over the course of our lifetime. It becomes easy when you consider the people you work with family."
–Sam J., HomeOwnership
"In my five years at MassHousing, I have enjoyed a very supportive team and great work environment. MassHousing supports my growth as a professional, an individual and an employee by providing generous benefits, including tuition reimbursement for courses relevant to the mission of creating and preserving housing. The company values your growth and input and is always looking for new ways to integrate new ideas and methods in daily operations."
–Christina K., Rental Management
"A job at MassHousing is not just a job. It is good work in a very professional environment, and it is professional work that does good to people in the Commonwealth. We are the state's affordable housing lender, we are creative and competitive. What makes us unique is our commitment to serve the underserved. What I love most about my job at MassHousing is knowing that, at the end of the day, my work contributes to the success of a first-time homebuying family somewhere in Massachusetts."
–Mounzer A., HomeOwnership
"I enjoy working at MassHousing because I enjoy helping others...As a parent, the flexibility allows me to create a schedule that works for both my personal and professional life. MassHousing is not just a place for opportunity, it is also a place of hope."
–Mircia K., Rental Management
"I love working at MassHousing mostly because I get to do interesting work that is meaningful to our society. I didn't feel that way in my previous professional roles, and so I don't take it for granted. Plus, a lot of really interesting people work at MassHousing…I've already met lifelong friends here. I also feel I can be myself in my role, and that people have gone out of their way to support me in both my career and personal life. I’m grateful for that."
–Ryan S., Rental Underwriting
"The thing I enjoy most about working at MassHousing is the dedication and expertise the staff has in meeting the housing challenges facing Massachusetts residents. The foundation of everything we do is the people we serve. To be part of such a noble and important mission is what makes working at MassHousing far more than just a job. It's very satisfying to see and hear the stories of Massachusetts residents who have been able to grow and prosper because they have an affordable home and economic opportunity."
–Tom F., Communications
"Although I have only been employed here for one year, I already feel a strong commitment and dedication to the Agency and to my team. MassHousing strives to provide the very best services to our lenders, customers and to their employees. It is a rewarding feeling to know you are giving the best customer service to your borrowers every day, especially in these trying economic times. I know I have made a great choice in joining MassHousing!"
–Michelle K., HomeOwnership
"I believe a home should be a happy place where you can live, learn and laugh. MassHousing has been a special home for me. I’ve had the good fortune to be in different roles at MassHousing that have truly challenged me to be a better person in so many ways, all the while working with exceptional people who sincerely believe that MassHousing is here to improve the lives of people. If ‘home is where the heart is’, then my home is MassHousing."
–Paul H., Information Technology