Capital Analyst

NYC Department of Housing Preservation & Development; New York (NY); On-site; USD 60,000 - 85,000; Full time

Job summary

The NYC Department of Housing Preservation & Development is seeking a Capital Analyst to support the agency’s capital planning and funding programs for affordable housing across the five boroughs. You will help secure funding approvals and work under the Director of Capital Planning to manage CP submissions and budgets.

You will gain on-the-job training in city budgeting procedures and real estate finance for affordable housing, while developing knowledge of HPD loan programs, statutory

Qualifications

• 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.

Responsibilities

• Review and evaluate project submissions and assess budgetary and policy implications.
• Serve as a liaison to OMB by advocating on behalf of your assigned portfolio of projects; ensuring questions are answered in a timely manner; and troubleshooting any issues necessary for final review and CP approval.
• Develop strong working relationships with internal and external stakeholders.
• 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.

Skills

multitasking

critical thinking

communication

MS Office 365

affordable housing

budgeting

Education

Bachelor’s degree + 2 years experience

HS diploma + 6 years experience

equivalent experience/education

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

• 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

• 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
• 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
• 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.