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
IT Business Analyst
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on November 15, 2024
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 IT Business Analyst translates business needs into high quality technical solutions through close collaboration with business stakeholders and technology specialists. The IT Business Analyst has a strong grasp of both business fundamentals and information technology and is adept at tailoring communication to different audiences, from developers to business subject matter experts to managers and executive leaders.
Specific Duties and Responsibilities
- Work with key stakeholders to identify problems and opportunities in processes and systems.
- Gather, review, and analyze business and functional requirements.
- Produce and maintain documentation such as requirements, process flow diagrams, and acceptance criteria.
- Collaborate with development teams to create solutions that deliver value to stakeholders and the agency.
- Manage stakeholder expectations, scope, and timelines for modest technology projects.
- Liase between various departments and teams to drive successful initiatives to completion.
- Design, develop and execute test plans according to requirements.
- Report and verify bugs as part of testing new features and regression testing.
- Evaluate third-party technology solutions to meet business needs and coordinate selection process with business and technical stakeholders.
- Provide training and user support.
Knowledge, Skills and Abilities Required
- Distinctive ability to understand a business process, identify areas for improvement, and propose solutions.
- Proven experience as an IT Business Analyst or similar role on software development projects.
- Knowledge of software development lifecycle concepts and practices, particularly agile scrum.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Knowledge of information technology systems and best practices.
- Must be ambitious, curious, well organized, and comfortable with a long “to do” list.
- Programming skills in languages such as SQL, PowerShell, JavaScript, and C# a plus.
- Familiarity with affordable housing, mortgage lending, and/or real estate a plus.
Minimum Education and Training
- Bachelor’s degree in a computer-related field, or an equivalent combination of education and work experience required.
- 3+ years relevant work experience with increasing levels of responsibility.
Salary Range: $74,415.12 - $96,739.35
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. In compliance with the Americans with Disabilities Act, MassHousing will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.
- While performing the duties of this job, the employee is regularly required to stand; walk, and sit for extended periods of time.
- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job.
Origination Analyst
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on November 8, 2024
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 $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 $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 Origination Analyst is responsible for assisting Relationship Managers and Originators in reviewing affordable multifamily loan proposals and providing detailed and high-level analysis for the Rental Business Development Division. This position will deal with taxable transactions typically involving “preservation” (FFB/Treasury) or HUD MAP re-financings and may include financings utilizing 9% Low Income Housing Tax Credits (LIHTCs) as well as other loan products. Tax-exempt transactions typically involve new construction; substantial rehabilitation utilizing 4% LIHTCs and other debt, equity products.
Specific Duties and Responsibilities
- Reviewing loan information submitted by potential borrowers, inputting loan data into origination model, conducting financial analysis and proposing alternative financing scenarios if necessary, and drafting a number of important documents including Term Sheets, conceptual loan proposals, Board Summaries and commitment letters.
- Serving as a liaison to both external and internal business partners and taking responsibility for obtaining, understanding and analyzing data and related mortgage information from property owners and other third-party sources.
- Communicating with potential borrowers and requesting information as needed. She/he/they may initiate calls and/or attend meetings to review preliminary loan information including sources and uses, income and expense statements, market information and other documents.
- Developing relationships with potential borrowers to support Relationship Managers and Originators, who are primary points of contact in preliminary loan review and structuring.
- Administering the origination model to ensure accurate analysis and loan structuring.
- Maintaining a positive rapport with borrowers and other stakeholders and ensuring appropriate communications regarding the evaluation and eventual approval of loan transactions. Internally, the Analyst collaborates frequently with the Legal and Rental Underwriting and Management divisions.
- Performing a wide variety of special assignments, including but not limited to research on industry and MassHousing business metrics, the creation of analytical tools, and any other assignments that may emerge as part of business development or loan processing.
- Performing other duties as assigned by the Origination Manager.
Knowledge, Skills and Abilities Required
- Knowledge of basic financial 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 and communication skills.
- Excellent organizational and analytical skills with a high-level of attention to detail.
- Effective time management and project management skills.
- Proficiency with Microsoft Office Suite; preference for candidates with demonstrated command of Excel for the creation of complex spreadsheet tracking tools.
- Ability to multi-task and manage a high-volume workload accurately and effectively.
Minimum Education and Training
- Bachelor's Degree required, preference for candidates with degrees in Finance, Real Estate Management, Business Administration, or related field, or equivalent work experience.
- 2+ years of experience in finance or real estate preferred.
- Demonstrated history of academic success and professional development.
Salary Range: $74,415.12 - $96,739.35
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
Program Associate - Community Investment Initiatives
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on November 21, 2024
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 Program Associate is responsible for assisting Program Managers in reviewing and underwriting affordable housing production and preservation proposals and providing detailed reporting and analysis for the Equitable Business Development Division. The Program Associate is a member of the Community Investment Initiatives (CII) unit, which is focused on expanding access to affordable housing while advancing racial and economic equity. The CII programs drive moderate-size housing production and preservation through soft debt subsidies supporting homeownership and small-scale rental renovations. These programs are administered to provide funding for smaller-scale projects that yield significant social and economic benefits. The CommonWealth Builder (CWB) Program, a flagship initiative, works to reduce racial homeownership gaps by financing the development of affordable homeownership units, particularly in communities of color.
Specific Duties and Responsibilities
- Reviewing CWB loan information submitted by potential borrowers, inputting loan data into underwriting model, conducting financial analysis and proposing alternative financing scenarios if necessary, and drafting a number of important documents including letters of interest, term sheets, commitment proposal memos, and commitment letters.
- Serving as a liaison to both external and internal business partners and taking responsibility for obtaining, understanding and analyzing data and related mortgage information from property owners and other third-party sources.
- Communicating with potential borrowers and requesting information as needed. She/he/they may initiate calls and/or attend meetings to review preliminary CWB loan information including sources and uses, income and expense statements, market information and other documents.
- Developing relationships with potential borrowers to support Program Managers, who are primary points of contact in preliminary CWB loan review and structuring.
- Administering the underwriting model to ensure accurate analysis and CWB loan structuring.
- Maintaining a positive rapport with borrowers and other stakeholders and ensuring appropriate communications regarding the evaluation and eventual approval of CWB loan transactions. Internally, the Associate collaborates frequently with the Legal and Rental Underwriting and Management divisions.
- Performing a wide variety of special assignments, including but not limited to research on industry and MassHousing business metrics, the creation of analytical tools, and any other assignments that may emerge as part of business development or loan processing.
- Performing other duties as assigned.
Knowledge, Skills and Abilities Required
- Knowledge of basic financial 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 and communication skills.
- Excellent organizational and analytical skills with a high-level of attention to detail.
- Effective time management and project management skills.
- Proficiency with Microsoft Office Suite; preference for candidates with demonstrated command of Excel for the creation of complex spreadsheet tracking tools.
- Ability to multi-task and manage a high-volume workload accurately and effectively.
Minimum Education and Training
- Bachelor's Degree required, preference for candidates with degrees in Finance, Real Estate Management, Business Administration, or related field.
- Two to five years of substantive experience in finance or real estate.
- Demonstrated history of academic success and professional development.
Salary Range: $74,415.12 - $96,739.35
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.
This position has been designated as “Flex” under MassHousing’s Alternative Work Schedule (AWS)-hybrid work model. However, during the first 90 days, the employee may be expected in the office more frequently for training and onboarding.
MassHousing is an Equal Opportunity Employer. In compliance with the Americans with Disabilities Act, MassHousing will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.
- While performing the duties of this job, the employee is regularly required to stand; walk, and sit for extended periods of time.
- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job.
Program Manager - Community Investment Initiatives
Organization: MassHousing
Location: One Beacon Street, Boston, MA 02108
Posting Closes: Close of Business on November 21, 2024
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 CII Program Manager provides strategic and operational oversight of a key program within the Community Investment Initiatives (CII) unit of the Equitable Business Development division, which is focused on expanding access to affordable housing while advancing racial and economic equity. The CII programs drive moderate-size housing production and preservation through soft debt subsidies supporting homeownership, small-scale rental renovations, and sober housing capital improvement grants. These programs are administered to provide funding for smaller-scale projects that yield significant social and economic benefits.
The CommonWealth Builder (CWB) Program, a flagship initiative, works to reduce racial homeownership gaps by financing the development of affordable homeownership units, particularly in communities of color.
The CII Program Manager oversees all aspects of the CWB program, from initial inquiries to deal management and compliance, ensuring alignment with statutory requirements, program policies, and the broader goals of promoting equitable housing solutions. This role involves close coordination with municipalities, developers, sponsors, and funders to ensure that projects are completed on time, on budget, and in compliance with regulatory requirements.
Reporting directly to the Senior Program Manager of CII, this position collaborates closely with other members of the Equitable Business Development Division and works alongside municipalities, developers, sponsors, and financial partners to ensure that projects are delivered on time and within budget.
Specific Duties and Responsibilities
Leadership and Development
- Manage strategic partnerships with internal and external stakeholders to ensure that program progress efficiently and align with overall organizational goals. Develop and maintain relationships with municipalities, developers, community organizations, and other partners critical to project success.
- Conduct comprehensive research and data analysis, leveraging insights from both internal and external sources to inform decision-making. Monitor market trends, developer feedback, and program data to continually refine and improve program policies and operations.
- Develop high-quality written, visual, and digital materials to support program initiatives. These materials will be used to increase awareness of the program, highlight key success stories, and engage both internal and external stakeholders.
- Present research findings, progress updates, and strategic recommendations to internal teams, external partners, and leadership. Ensure clear communication of program developments, performance metrics, and any necessary course corrections.
- Delegate project tasks and responsibilities to team members, including the Program Associates and interns. Provide clear guidance, support, and regular feedback to promote professional growth and enhance team performance.
Program Management
- Oversee deal flow management by actively managing the pipeline of prospective project leads. Ensure efficient tracking of all inquiries, guiding projects from initial interest through to closing. This includes maintaining clear communication with developers throughout the process.
- Manage the pre-screening process by conducting thorough assessments of potential projects. Engage developers in discussions to clarify project goals and expectations, ensuring they understand program guidelines and requirements.
- Guide projects through the under-review process, collaborating with internal underwriting, legal, and compliance teams. Ensure timely feedback is provided to developers, addressing any questions or concerns that arise during the evaluation phase.
- Lead the transition of projects into the committed phase, ensuring that all necessary documentation is completed, and compliance requirements are met. Monitor the progression of deals from commitment to closing, providing support and direction as needed.
- Coordinate the closing process, ensuring that all necessary steps are completed for project funding and implementation. Work closely with developers and internal teams to ensure smooth transitions and timely project launches.
- Establish key performance indicators (KPIs) to track the success of programs and ensure continuous improvement. Prepare and submit regular financial and program activity reports to MassHousing and the Executive Office of Housing and Livable Communities (EOHLC), maintaining transparency and accountability.
Other Responsibilities
Perform other duties and responsibilities as assigned, contributing to the overall success of the department and its programs.
Knowledge, Skills and Abilities Required
- Expertise in Affordable Housing: Comprehensive understanding of affordable housing development, finance, subsidy programs, and real estate risk fundamentals.
- Financial Acumen: Strong analytical skills with a solid grasp of financial concepts, enabling informed decision-making and risk assessment.
- Organizational Skills: Exceptional attention to detail and strong organizational capabilities to manage multiple projects effectively.
- Interpersonal Communication: Excellent communication skills, with the ability to convey complex ideas cross-culturally and build consensus among diverse interest groups.
- Presentation Skills: The ability to present information using various formats (written, visual, and oral) to effectively communicate complex concepts.
- Program Management Experience: Previous experience in program planning, operations, and evaluations, along with strong project management and relationship-building skills.
- Diversity, Equity, and Inclusion: Understanding of DEI principles and their implementation within organizational practices.
- Innovative Mindset: An entrepreneurial approach to problem-solving and cultivating partnerships for program collaboration.
- Personnel Management: Capable of effectively managing personnel and promoting team development.
Minimum Education and Training
- Bachelor’s degree in one of the social sciences, urban planning, public policy, public administration, or real estate finance.
- 3 years of either managing affordable housing grant funding programs; underwriting real estate projects; developing affordable housing policy; or managing a grant funding program.
- At least 3 years as a supervisor/manager.
Salary Range: $103,312.74 - $134,306.46
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.
This position has been designated as “Flex” under MassHousing’s Alternative Work Schedule (AWS)-hybrid work model. However, during the first 90 days, the employee may be expected in the office more frequently for training and onboarding.
MassHousing is an Equal Opportunity Employer. In compliance with the Americans with Disabilities Act, MassHousing will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.
- While performing the duties of this job, the employee is regularly required to stand; walk, and sit for extended periods of time.
- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job.