Summary of Position:  The Affordable Housing Project Manager is responsible for reviewing, evaluating, and underwriting requests for loans from CEDAC’s non-profit borrowers; providing technical advice and guidance to borrowers through the real estate development and financing process, under the supervision of, and in consultation with senior management; managing the approval and disbursement processes for loans to clients.

CEDAC is an Affirmative Action/Equal Opportunity Employer and encourages applications from candidates from diverse personal, cultural, and ethnic backgrounds. CEDAC will provide job-specific training as well as professional development opportunities.

CEDAC is a publicly-created community development finance institution (CDFI) that serves as a vital financial and technical assistance resource to nonprofit organizations engaged in effective community development in Massachusetts. We provide financial resources and technical expertise for community-based and other nonprofit organizations building thriving communities. We work closely with state and local partners to assist affordable and supportive housing production and preservation programs.

CEDAC provides predevelopment and acquisition loans and technical assistance to nonprofit community-based organizations involved in affordable housing development and preservation across Massachusetts. In addition, CEDAC staff performs the underwriting activities for several housing loan and grant programs for the Massachusetts Department of Housing and Community Development (DHCD).

Compensation/Benefits:

Full-time starting salary range: $75,000 — $80,000, commensurate with experience and education.

In addition to a competitive salary, this position offers an impressive benefits package that includes:

In addition to a competitive salary, this position offers an impressive benefits package that includes:

●  Health, dental, life, and disability insurance (please note that at the current time, CEDAC pays the entire medical and dental insurance HMO premium for employees and their qualified dependents).
● Section 125 flexible spending account for medical and dependent care.
● 403(b) deferred compensation plan, vesting immediately.
● Three weeks of paid vacation to start.
● Thirteen paid holidays.
● Three personal days.
● Twelve sick days.
● Flexible work schedule, if needed, due to COVID-19 pandemic.

*Please note: Applicants need to live in or are expected to relocate to Massachusetts.