FINANCIAL PLANNING ANALYST - EXCLD (Affordable Housing Development)

Description:

JOB ANNOUNCEMENT

FINANCIAL PLANNING ANALYST-EXCLD (Affordable Housing Development)

DEPARTMENT OF HOUSING

Bureau of Housing Development

Number of Positions: 4

(additional vacancies possible pending budget approval)

Starting Salary: $91,788.00

New hires are paid the starting rate. Current employees’ pay rate is determined by their job title and years of service

Applications for this position will be accepted until 11:59pm CDT on 10/30/2026

Under direction, performs financial planning, underwriting, and financial analysis of requests for Low Income Housing Tax Credits, Community Development Block grant (CDBG), HOME, and other sources of funding assistance for affordable housing developments.

ESSENTIAL DUTIES

· Forms and manages relationships with development team, lending partners, public officials, other Department of Planning & Development (DPD) city staff and management, delegate agencies, community organizations, and other related parties, to successfully implement development programs and projects

· Evaluates applications for new construction, rehab projects, and preservation; analyzes financial feasibility and public benefit; and ensures alignment with City affordability, community development objectives, and program requirements

· Underwrites and coordinates complex financial structures involving resources such as HOME or CDBG loans, low income housing tax credits, Illinois affordable housing and historic tax credits, tax-exempt bonds, and Tax Increment Financing (TIF). Coordinates underwriting with all parties in conformance to applicable regulations and policies per DPD standards

· Prepares clear underwriting and policy reports and recommendation memos that address feasibility, compliance, and impact/outcomes; presents recommendations to internal and external committees and public bodies (e.g., TIF Request Review, Community Development Commission)

· Coordinates with City staff and partners as needed on plans for land and building acquisition and disposition, site improvements, demolition, rights-of-way changes, environmental clearance, and other predevelopment requirements necessary for development projects

· Monitors and reports on the operational and financial performance of the portfolio relative to development pro formas and benchmarks. Prepares operational and financial performance analyses, conducts research, and prepares narrative reports and proposals

· Assesses the properties long-term financial sustainability based on the review and analysis of audited financial statements and operational performance. Develops and implements turnaround plans as needed

· Identifies key underwriting risks (construction, operating, compliance, market, sponsor capacity) and proposes mitigations, conditions, and monitoring approaches in coordination with asset management as needed. Prepares PowerPoint and Word reports and presents proposals to Project Round Table, Design Review, and Executive Project Review meetings

· Completes all pertinent documents and data checks and notifies all involved parties in accordance with departmental procedures by established deadlines

· Represents Department of Housing (DOH) in public meetings and stakeholder forums; communicates deal structure and community benefits clearly

Additional duties may be required for this position

Location: 121 N LaSalle Street, 10th floor

Days: Monday – Friday (weekend hours may be required)

Hours: 9:00am – 5:00pm (evening hours may be required)

THIS POSITION IS IN THE CAREER SERVICE

Qualifications:

MINIMUM QUALIFICATIONS

• Graduation from an accredited college or university with a Bachelor’s degree in Finance, Business Administration, Accounting, Real Estate, Urban Planning, or a directly related field, plus three (3) years of experience in financial analysis, OR

• Graduation from an accredited college or university with a Master’s degree in Finance, Business Administration, Accounting, Real Estate, Urban Planning, or a directly related field, plus two (2) years of experience in financial analysis.

SELECTION REQUIREMENTS

This position requires applicants to complete an interview which will include a skills assessment as part of the interview. The interviewed candidate(s) possessing the qualifications best suited to fulfill the responsibilities of the position, based on the oral and written parts of the interview will be selected.

For information about City of Chicago employee benefits, please click here

For information about City of Chicago salaries and job titles, please click here (https://www.chicago.gov/city/en/depts/dhr/provdrs/Job\_Classification\_Compensation/svcs/classification-and-pay-plan.html#docaccess-ba6c316e7a6d538348ff53b1eeebb6ab)

APPLICATION EVALUATION: Initial evaluation will be based on the information provided on the application and the documents submitted. Department of Human Resources staff will review applications after the final posting date. Staff will follow all required employment/hiring plan provisions, federal, state, and local laws, and collective bargaining agreements when applicable. Staff will apply hiring preferences as required by the municipal code. Placement on an eligibility list is not an offer or guarantee of an interview nor employment with the City of Chicago

COMMITMENT TO DIVERSITY: To further our commitment to hiring applicants with diverse experience, the City of Chicago has adopted ordinances 2-74-020 and 2-74-075. The ordinances provide a preference to applicants who meet the minimum qualifications and who are veterans of the Armed Forces of the United States, residents of Socio-Economically Disadvantaged Areas (SEDA), and/or Chicago Public School (CPS) high school graduates. These hiring preferences do not apply to bidders. For positions covered by a collective bargaining agreement, bidders will be considered before external candidates. The learn more about our hiring processes, please click here. (https://www.chicago.gov/city/en/depts/dhr/provdrs/emp.html)

ALL REFERENCES TO POLITICAL SPONSORSHIP OR RECOMMENDATION MUST BE OMITTED FROM ALL APPLICATION MATERIALS SUBMITTED FOR CITY EMPLOYMENT.

The City of Chicago in an Equal Employment Opportunity, Military Friendly, and Fair Chance Employer.

City of Chicago

Brandon Johnson, Mayor