Senior Housing Underwriter

Location: Montpelier, VT

Employment Type: Regular, Full-Time, Exempt

About the Employer

The Vermont Housing and Conservation Board is an innovative and award-winning organization working to ensure affordable housing, farmland, jobs, and recreational assets for every generation of Vermonters.

Role Summary

As a Senior Housing Underwriter, you will shape the future of Vermont's affordable housing by evaluating complex funding applications for a variety of housing projects including multifamily rental, shelters, and other specialized housing. You will be part of a dynamic team serving as a critical bridge between statewide housing development goals and the financial reality required to bring them to life.

What You'll Do

Dive deep into real estate fundamentals, assessing the strength of development teams, local market dynamics, and capital funding structures
Conduct underwriting and prepare formal recommendations for Board action
Monitor construction budgets and support developers to bring new homes on line on time and on budget
Help manage organizational grants, ensuring non-profits have the technical support and funding they need to thrive
Take a strategic approach in partnership with developers committed to building quality, perpetually affordable housing
Use field insights to refine VHCB's procedures, ensuring they align with the State's evolving housing needs
Conduct special research for the Legislature and represent VHCB to community groups and state agencies

Required Qualifications

Commitment to VHCB's dual-goal mission
Substantial prior experience (5+ years preferred) in housing development and real estate finance, feasibility analysis of housing projects, and multi-family housing underwriting
Strong financial and analytical skills
Strong communication skills
Attention to detail

Preferred Qualifications

Experience working with non-profit organizations, municipalities, housing development groups, and state agencies
Previous experience in architecture, construction, real estate development, service supported housing, training and technical assistance, and working with federal funds
Valid Driver's License or other ability to travel throughout the state as necessary

Compensation

$75,000–$82,000 commensurate with experience

Benefits

Generous health care plan, dental coverage, vision coverage, life insurance, long and short-term disability insurance, retirement plan, paid time off, and Employee Assistance Program

How to Apply

Applications are due March 23, 2026. Applications will be reviewed on a rolling basis. Send your resume and a cover letter outlining your interest and applicable skills to jobs@vhcb.org.

Equal Opportunity Statement

VHCB is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other category legally protected by federal or state law.

Vermont Housing & Conservation Board jobs

Senior Housing Underwriter