Housing Finance & Underwriting Analyst

City of Chicago Department of Law; Chicago (IL); On-site; USD 75,000 - 110,000; Full time

Job summary

The City of Chicago is seeking a Financial Planning Analyst - EXCLD (Affordable Housing Development) to perform financial planning, underwriting, and analysis for housing projects. You will work with housing programs, lenders, and city staff to ensure project feasibility and compliance, supporting development from concept through closing.

Qualifications include a degree in finance or related field and 2–3 years of financial analysis experience, with a mastery of complex financing instruments.

Qualifications

• Bachelor’s degree in Finance, Business Administration, Accounting, Real Estate, Urban Planning, or a related field plus 3 years of financial analysis experience, OR
• Master’s degree in Finance, Business Administration, Accounting, Real Estate, Urban Planning, or a related field plus 2 years of financial analysis experience.

Responsibilities

• Under direction, performs financial planning, underwriting, and financial analysis of requests for funding sources (e.g., HOME, CDBG, LIHTC) for affordable housing developments.
• Forms and manages relationships with development teams, lending partners, public officials, and other stakeholders to implement programs and projects.
• Evaluates applications for new construction, rehab, and preservation; analyzes financial feasibility and public benefit; ensures alignment with affordability objectives.
• Underwrites and coordinates complex financing structures, including tax credits, bonds, and TIF; coordinates underwriting with all parties per regulations.
• Prepares underwriting and policy reports and memos; presents recommendations to committees and public bodies.

Skills

Financial analysis

Education

Bachelor’s degree in Finance/Business/Accounting/Real Estate/Urban Planning or related field

Master’s degree in Finance/Business/Accounting/Real Estate/Urban Planning or related field

Job description

The City of Chicago is seeking a Financial Planning Analyst - EXCLD (Affordable Housing Development) to perform financial planning, underwriting, and analysis for housing projects. You will work with housing programs, lenders, and city staff to ensure project feasibility and compliance, supporting development from concept through closing.

Qualifications include a degree in finance or related field and 2–3 years of financial analysis experience, with a mastery of complex financing instruments.