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
Manager of Rental Underwriting
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on February 26, 2026
Website: www.masshousing.com
The Organization
MassHousing will confront the Commonwealth's housing challenges to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $29 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 $15,000 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 visiting www.masshousing.com/workwithus
Position Summary
The Manager of Rental Underwriting leads the underwriting of taxable and tax-exempt bond loans and facilitates business-side loan closing approvals for complex multifamily affordable housing transactions. This role is a senior member of the multifamily deal team and oversees project and program development while collaborating closely with Origination, Rental Management, Rental Underwriting, and Legal divisions. This position reports to the Director of Rental Underwriting.
All positions at MassHousing require a customer service mindset in accordance with our values: Respect, Service, Empathy, Accountability, Collaboration, and Inclusion.
MassHousing operates under a hybrid work model; therefore, employees are expected to work on-site according to a schedule determined in collaboration with their supervisor and based on the needs of the role. To support effective onboarding, new employees may be required to work in the office more frequently during their first 90 days.
Essential Functions
Underwriting
- Underwrite, close, and manage a pipeline of multifamily loans through completion and lease-up before advancing them to asset management
- Provide technical oversight, review, and guidance to underwriting staff to ensure consistency, accuracy, and compliance with Agency standards
- Guide deal structuring, budgets, financial modeling, cash flows, loan sizing, appraisal, design, and environmental considerations during prescreen
- Maintain strong communication with the internal deal team while delivering final underwritten budgets, special conditions, and credit recommendations in accordance with Agency policies and program guidelines during the commitment workflow
- Identify underwriting issues and associated financial, operational, and compliance risks and recommend solutions throughout the loan lifecycle
Loan Closing
- Oversee post-commitment HUD credit enhancement documentation to maintain regulatory and program compliance
- Lead non-legal documentation approvals and collaborate with legal team to support loan closing activities
- Ensure loans are closed in accordance with prudent underwriting loan standards and applicable MassHousing and HUD/FHA regulations, guidelines, and policies
People Management
- Recruit, develop, and retain staff to ensure productivity and engagement
- Engage in performance management activities such as goal setting, performance evaluations, development planning, and continuous feedback to develop staff and achieve Agency goals
- Provide coaching, counseling, and corrective action (when necessary) to staff
- Foster a culture that reflects MassHousing’s mission and values
Security
- Comply with MassHousing's Information Security Program and all other Agency information security policies and procedures
- Take responsibility for any Agency assets assigned to you
- Promptly report any security events, incidents, or weaknesses to MassHousing's Information Security Team
Minimum Qualifications
- Bachelor's degree in finance, Business Administration, Real Estate, or related field
- 10+ years of experience in multifamily financing programs and affordable housing development
- Prior supervisory or team leader experience
- Proficiency with Microsoft Office products
- Eligibility to work in, and travel freely to and from, the United States without sponsorship
Preferred Qualifications
- Advanced degree in Finance, Real Estate Management, or Business Administration
- Experience underwriting and/or closing loans that include government and private financing programs for affordable housing, tax credit equity, and tax-exempt bond financing
Essential Characteristics
- Energetic team player who has exceptional interpersonal skills, takes initiative, and has a dedicated focus on high-level customer service
- Exceptional oral and written communication with comfortability in communicating at all levels of the Agency
- Excellent organizational skills and strong attention to detail
- Comfortable multitasking, adjusts quickly to shifting priorities, and manages time efficiently in a fast-paced environment
- Strategic thinker with the dual capacity to see the big picture and attend to details
Salary Range: $119,344.28 - $165,147.57
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
"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