Capital Analyst

New-York-City-Department-of-Housing-Preservation-; New York (NY); On-site; USD 90,000 - 120,000; Full time

Job summary

New York City Department of Housing Preservation (HPD) seeks a Capital Analyst to support capital planning for affordable housing across NYC. You will help secure funding approvals, manage CP submissions, and coordinate with OMB while building expertise in HPD loan programs and statutory lending authorities.

You will learn budgeting procedures and real estate finance fundamentals for affordable housing, collaborating with internal teams and external stakeholders to advance HPD’s capital program.

Qualifications

• Bachelor's degree and two years of experience in community work or related duties.
• High school graduation or equivalent and six years of related community work experience.
• Education/experience equivalent to 1 or 2 above, with at least one year in area 1.

Responsibilities

• Manage capital funding requests for affordable housing projects as part of CP process.
• Review and evaluate project submissions; assess budgetary and policy implications.
• Liaise with OMB on behalf of assigned portfolio; ensure timely responses and CP approval.
• Maintain internal tracking of project data and prepare briefing materials, memos, and reports.

Skills

Multitasking

Critical thinking

Communication skills

MS Office

Affordable housing policy

Budgeting process

Education

Bachelor's degree

High school diploma + 6 years experience

Tools

MS Office 365 (Excel and Word)

Job description

As the nation’s largest municipal housing agency, HPD is responsible for building and preserving affordable housing, protecting tenants from harassment and displacement, and holding landlords accountable across the five boroughs. Under Commissioner Dina Levy and the Mamdani Administration, HPD is pursuing an ambitious housing agenda focused on the needs of New York’s tenants. With a broad set of tools including standards enforcement, tenant resources, and the creation of new affordable housing, HPD is committed to making New York City a more affordable place for renters and homeowners alike.

Your Team

As part of the Office of Finance and Administration, the Division of Capital Planning is responsible for the planning and management of funding for the agency’s capital program, which includes affordable housing development, technology initiatives, and critical housing infrastructure projects. The division has oversight of HPD’s $20 billion Ten-Year Capital Strategy and works closely with the Office of Development, HPD Tech, and Division of Operations & Support Services along with the city’s other capital agencies to conduct financial analysis, review underwriting, shepherd projects through the approval process, and provide guidance on the eligible use of capital funding in accordance with the Comptroller’s Directive 10.

Your Impact

As a Capital Analyst, you will play an integral part in the agency’s capital planning process and work to secure funding approval for affordable housing projects. Your efforts will directly contribute to the preservation and new construction of affordable housing in New York City, which are vital to both the success of the Mayor’s housing plan, as well as the agency’s mission to create and preserve quality and affordable housing for the city.

You will receive on-the-job training on the city’s budgeting procedures, as well as the fundamentals of real estate finance for affordable housing. Throughout the course of your work, you will develop broad knowledge of HPD’s loan programs, statutory lending authorities, and the requirements for capital spending.

Your Role & Responsibilities

Under supervision of the Director of Capital Planning, with latitude for the exercise of independent judgment, you will be responsible for managing capital funding requests for affordable housing projects pursuant to the Mayor’s Office of Management and Budget’s (OMB) Certificate to Proceed (CP) process.

You will review and evaluate project submissions and assess any budgetary and policy implications. You will serve as a liaison to OMB by advocating on behalf of your assigned portfolio of projects; ensuring that questions are answered in a timely manner; and troubleshooting any issues necessary for final review and CP approval. Although most of your work will be done individually, you will be required to develop strong working relationships with both internal and external stakeholders. Additionally, you will maintain internal tracking of various project data for pending and approved CPs; conduct ad hoc quantitative and qualitative analysis as needed; and prepare briefing materials, memos, and reports.

Preferred Skills

HPD seeks an inquisitive analyst who exhibits a strong sense of initiative and accountability. Preference will be given to candidates with one or more of the following skills:

• Ability to simultaneously manage multiple projects with competing deadlines
• Critical thinking and analytical skills
• Excellent interpersonal and communication skills (both oral and written)
• Strong fluency with Microsoft Office 365 (especially Excel and Word) and willingness to learn new applications
• Interest in affordable housing policy issues
• Familiarity with the city’s budgeting process

COMMUNITY COORDINATOR - 56058

Minimum Qualifications

1. A baccalaureate degree from an accredited college and two years of experience in community work or community centered activities in an area related to the duties described above; or
2. High school graduation or equivalent and six years of experience in community work or community centered activities in an area related to the duties as described above; or
3. Education and/or experience which is equivalent to "1" or "2" above. However, all candidates must have at least one year of experience as described in "1" above.

Public Service Loan Forgiveness

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.

Residency Requirement

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.