Capital Analyst Division of Capital Planning
About The Position
The Department of Housing Preservation and Development (HPD) oversees housing standards across all 3.7 million homes in New York City. 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. 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. 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.
Requirements
- 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.
Nice To Haves
- 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
- 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.
- Reviewing and evaluating project submissions and assessing any budgetary and policy implications.
- Serving 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.
- Developing strong working relationships with both internal and external stakeholders.
- Maintaining internal tracking of various project data for pending and approved CPs.
- Conducting ad hoc quantitative and qualitative analysis as needed.
- Preparing briefing materials, memos, and reports.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
