Deputy Director - Equity

Position Summary

MHIC is seeking a strategic, collaborative, and equity-focused leader to serve as Deputy Director – Equity. This senior-level position is responsible for managing MHIC’s equity investment platform, which includes Low-Income Housing Tax Credit (LIHTC), State LIHTC (SLIHTC), and the Healthy Neighborhoods Equity Fund (HNEF). The Deputy Director oversees originations, underwriting, and closing of equity transactions and plays a key role in shaping strategy, managing a high-performing team, and driving business development that centers racial equity and community impact.

This is a unique opportunity to help lead one of the region’s most respected community investment organizations, working at the intersection of finance, equity, and housing.

Organizational Overview

MHIC is an innovative financier of affordable housing and community development throughout New England, providing financing that would not otherwise be available to neighborhoods most in need. For 35 years, MHIC has invested more than $3.4 billion to help create and sustain healthy, equitable communities where people, businesses, and organizations can thrive. Supported by an experienced and dedicated staff, MHIC excels in problem solving, with rigorous underwriting, attentive asset management, and timely reporting to investors. To date, MHIC has financed over 680 developments, representing more than 26,500 homes and 7.3 million sq. ft. of commercial space. Visit www.mhic.com or LinkedIn for more information.

Key Responsibilities

Equity Investment Management

• Lead the execution of MHIC’s equity investment strategy in alignment with annual goals and mission objectives.
• Lead or conduct LIHTC and related equity transaction modeling, underwriting, negotiation of investment terms, and internal investment approvals.
• Oversee and ensure quality control of investment memoranda, pricing analyses, financial modeling, and due diligence.
• Supervise and develop equity staff, ensuring strong technical capacity and commitment to MHIC’s values.

Business Development & Partnerships

• Cultivate and manage relationships with affordable housing developers, community-based organizations, funders, and public sector partners.
• Proactively market MHIC’s equity products to generate new investment opportunities and capital partnerships.
• Provide technical assistance and support to emerging and diverse developers.

Strategic Leadership

• Collaborate with senior leadership across Capital Development, Asset Management, and Finance to ensure smooth investment execution and lifecycle management.
• Contribute to new product development and innovative financing structures that advance equitable and inclusive development.
• Support internal initiatives to track impact, improve systems, and strengthen team culture.

External Engagement

• Represent MHIC at industry conferences, investor meetings, and public forums.
• Contribute to public policy advocacy aligned with MHIC’s mission.
• Build MHIC’s visibility as a thought leader in equitable community investing.

Culture Fit

At MHIC, we are collaborative, mission-oriented, and entrepreneurial. We are looking for a leader who:

• Brings a flexible mindset and can adapt to diverse teams, perspectives, and ideas.
• Thrives in a roll-up-your-sleeves environment and takes the initiative to move work forward.
• Combines analytical strength with a cooperative and partnership-driven work style.
• Values equity, integrity, and inclusion in all aspects of work.

Qualifications

Required:

• 10 years of progressively responsible experience in affordable housing, community development finance, or real estate investment.
• Demonstrated extensive experience in underwriting LIHTC or similar equity investments; familiarity with public and private affordable housing finance tools.
• Proven leadership and team management experience.
• Strong interpersonal, analytical, and communication skills.
• Bachelor’s degree in Real Estate, Finance, Urban Planning, Public Policy, or related field.

Preferred:

• Experience working with community-based organizations and emerging and diverse developers.
• Strong lending experience is plus.
• Familiarity with CDFIs, mission-driven capital, or ESG/impact investing.
• Demonstrated commitment to racial and economic equity.
• Master’s degree preferred.

Work Environment & Benefits

MHIC offers a supportive, hybrid work model with a mission-driven culture. Our comprehensive benefits package includes competitive salary, generous medical coverage, vision and dental insurance, retirement benefit with up to 8% employer match, free legal services and subsidized commuter benefits, in addition to a generous PTO, paid holidays and educational/training opportunities.

Compensation Range

$162,000-$200,000. Final compensation will be based on skills and experience.

To Apply

Please submit a resume and cover letter detailing your qualifications and interest in the position through this link: Deputy Director – Equity - Boston, MA 02110 - Indeed.com

Applications will be reviewed on a rolling basis until the position is filled.

MHIC is an equal opportunity employer. We consider all qualified applicants for employment without regard to race, color, religion, sex, national origin, age, disability, genetic information, or any other status protected by applicable law. Hiring decisions are based on qualifications, merit, and business needs.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.