Capital Analyst

Capital Analyst

The New York City Department of Housing Preservation and Development (HPD) is the nation's largest municipal housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through loan and development programs for new affordable housing, preservation of the affordability of the existing housing stock, enforcement of housing quality standards, and educational programs for tenants and building owners. 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.

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.

Minimum Qualification 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 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.

Preferred Skills :

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.