Colleagues,

Colleagues,

The Community Economic Development Assistance Corporation (CEDAC),
located in Boston, MA, is seeking an Affordable Housing Program
Manager.
A full job description for the position is shown below. We would would
appreciate
it if you would pass it along to anyone who might be a good fit for the
position. Thank you!

PROGRAM MANAGER
Affordable Housing Program

The Community Economic Development Assistance Corporation
(CEDAC) is a quasi-public state corporation which provides technical
assistance and loans to community-based non-profit development
organizations in the areas of housing, economic development, and child
care.

The Program Manager for Affordable Housing is a senior position
at CEDAC, responsible for overseeing affordable housing technical
assistance and lending. The Program Manager is responsible for managing
CEDAC's relationships with public agencies and lenders who fund the
program area; supervising the work of project staff in providing
technical assistance and underwriting pre-development and site
acquisition loans; directly managing a portfolio of pre-development and
site acquisition loans personally; and bringing major policy or project
issues to the Executive Director for consultation and direction as
necessary.

CEDAC operates collegially, in a supportive workplace
atmosphere. The ideal candidate must be able to take initiative and
operate independently, without substantial oversight. The Program
Manager reports to the Executive Director.

RESPONSIBILITIES:

1. Manage the affordable housing work of the agency. The
Program Manager serves as the principal liaison to the program's funding
sources; oversees project selection, and assignment of specific projects
to project managers; ensures consistency of underwriting and technical
assistance to projects within the program area; identifies policy or
major program issues which require action by the Executive Director; and
takes responsibility for program development opportunities within his or
her assigned program area;

2. Supervise project staff in their provision of (a)
project-specific technical assistance to non-profit developers; (b)
pre-development and site acquisition loans to non-profit developers; and
(c) loan underwriting services for public agencies for whom CEDAC
provides those services;

3. Manage a portfolio of more complex projects personally,
evaluating loan requests from borrowers, providing technical assistance,
and preparing analysis and recommendations for board review and action.

4. With the Director of Finance and Operations, review the
proposed terms and conditions of contracts and funding agreements which
support the program, to ensure that CEDAC can meet all contractual
obligations to its funding sources, and that the terms and conditions of
such contracts are consistent with CEDAC's overall fiscal and
administrative policies. With the Director of Finance and Operations,
the Program Manager shall review the periodic financial and contract
performance and make recommendations to the Executive Director for
revisions to the terms and conditions of the contract as required.

5. Remain current about changes in the housing and community
development industries, related to law, policy, regulations, and
financing, with respect to affordable and supported housing in the
non-profit environment.

QUALIFICATIONS

Minimum bachelor's degree and ten years related experience,
including progressively responsible experience in real estate finance
and development. Relevant master's degree may be substituted for two
year's experience. Previous senior management experience in
community-based development organization or in public development
finance agency required. Demonstrated leadership in developing,
implementing, and managing current housing and community development
policies and financing programs.

Excellent written and verbal communications skills required.
Strong computer skills, including spreadsheets and word-processing
required. Ability to work as a member of a highly motivated management
team is very important, as is a commitment to non-profit development.

COMPENSATION

Salary commensurate with skills and experience. CEDAC provides
an excellent fringe benefit package, including health, dental, life, and
disability insurance; Section 125 medical and dependent care plan;
deferred compensation plan; and three weeks vacation to start.

AFFIRMATIVE ACTION

CEDAC is an Affirmative Action/Equal Opportunity Employer.
People from diverse personal, cultural, and ethnic backgrounds are
encouraged to apply.

SEND COVER LETTER AND RESUME TO:

Community Economic Development Assistance Corporation
18 Tremont Street, Suite 1020
Boston, MA 02108
ATTN: Affordable Housing Program Manager Search


Karen E. Kelley
Director of Finance and Operations
CEDAC
18 Tremont St, Suite 1020
Boston, MA 02108
ph: 617-727-5944
fax: 617-727-5990



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