Job Opportunities

New York State Homes and Community Renewal (HCR) fosters the creation and preservation of high quality affordable housing, while working strategically to revitalize neighborhoods and communities throughout the Empire State. HCR is a vibrant, innovative agency that integrates and leverages New York State’s housing and housing finance resources.  We have offices in New York City, Albany, Buffalo and Syracuse, and employ a diverse workforce of professionals who are hard-working and committed to serving low and moderate income families.  Our mission is far reaching, encompassing single and multifamily housing finance, home improvement, rent regulation, housing subsidies, and community development. We partner regularly with a variety of public and private stakeholders.

Achieving this mission requires a wide range of skills and backgrounds in public policy, administration, real estate, architecture, finance, law and many other areas of expertise. We seek to provide a workplace environment that is productive, flexible, accountable, ethical and caring. Our employees are empowered to make a difference where they live and work.  We offer competitive pay and a comprehensive benefits package, including paid leave, health, dental, vision, retirement and family-friendly policies.

New York State Homes and Community Renewal (HCR) consists of all the State’s major housing and community renewal agencies, including, The Affordable Housing Corporation, The Division of Housing and Community Renewal, Housing Finance Agency, State of New York Mortgage Agency, Housing Trust Fund Corporation and others.

Organizing these agencies under a single leadership and management structure has created new efficiencies and allowed for better coordination of the state’s resources.  Similar and complimentary programs are now aligned and working together, reducing costs, red tape and duplicative efforts while increasing the effectiveness of the state’s housing and community renewal programs.

HCR organizes programs in a logical manner into four groups – Finance and Development, Housing Preservation, Community Renewal and Professional Services.

Finance and Development – aligns all programs that fund the development of affordable housing, including Low Income Housing Tax Credit programs, tax exempt and taxable bond finance programs, single family loan and Capital awards programs.

Housing Preservation – includes all the programs that maintain and enhance the state’s portfolio of existing affordable housing. This includes the Office of Rent Administration, the Section 8 program, Asset Management and the Weatherization Assistance Program.

Community Renewal – includes all the programs geared toward community and economic development, job creation and downtown revitalization, including the NYS Community Development Block Grant Program, NY Main Street program, Affordable Housing Corporation, Neighborhood Stabilization Program and the Neighborhood and Rural Preservation programs.

Professional Services - includes all administrative and support services, including Communications, Administration, Fair Housing, Policy Development, and Accounting and Treasury.

Legal Affairs – includes legal services across the agency’s offices and program areas, including with respect to financing and real estate transactions, litigation matters, administrative and regulatory issues, policy and legislation, and operations and governance. The team also encompasses the Tenant Protection Unit, which proactively enforces the State’s rent regulation laws.

Internship Program
HCR offers internships to students desiring experience in the development and preservation of affordable housing across New York State.  Each internship is unique and highly dependent upon HCR’s needs at the time.  HCR is also committed to aligning students’ work assignments to their academic and career goals.  Students will observe, participate in, and/or acquire experience with State and federal government procedures, as well as working collaboratively with partner State agencies.

The program will provide talented and ambitious students with firsthand experience of New York State government at the agency level.  The internship will foster an understanding of the opportunities and challenges inherent in the development and preservation of affordable housing.  Working directly with program staff, students can expect to gain perspective on these issues from the Federal, State and municipal level, as well as an understanding of the interagency collaborations and public/private sector relationship.

Positions are located primarily in Albany and New York City; opportunities are also available in Buffalo and Syracuse.

Questions about internships can be directed to: [email protected]

The New York State Homes and Community Renewal (HCR) established the Municipal Finance Fellowship Program in 1990. The Fellowship offers a unique, year-long, full-time opportunity for students interested in public finance and government service.

Beginning each July, HCR awards up to four fellowships annually, providing hands-on, real-world experience in the public finance industry. Fellows work alongside professionals on meaningful projects that support communities across New York State.

The program is committed to building a more inclusive and diverse financial services workforce, while preparing the next generation of leaders for careers at the intersection of finance and the public sector.

Program Description

Fellows participate in a one-year rotational public finance program, spending six months at HCR and six months with one of the Agency’s partnering investment banking firms: Jefferies, Morgan Stanley, and Samuel A. Ramirez & Company.

During their time at HCR, Fellows gain hands-on experience in single-family and multifamily bond financings, real estate finance, and mortgage insurance. While placed with an investment banking partner, Fellows are fully immersed in the public finance investment banking environment, working alongside industry professionals on live transactions. Fellows receive a compensation package with benefits for the duration of the program.

Responsibilities may include:

Qualifications

• Fellows bring a strong interest in public finance and a desire to engage with the institutions that shape communities and economies. Ideal candidates are curious, driven, and motivated by the opportunity to tackle complex challenges in service of the public good while building a meaningful and impactful career.
• Quantitative and analytical skills are valued and may be demonstrated through coursework or experience in economics, business administration, mathematics, or related fields. A specific major is not required, and applicants from diverse academic backgrounds are encouraged to apply.

Eligibility

• The fellowship is open to undergraduate students completing a bachelor’s degree in May or June of the application year, as well as recent winter graduates from the prior year.
• Applicants must be residents of New York State and permanent residents of the United States.
• This program is designed to support and empower students from historically underrepresented backgrounds who are interested in launching impactful careers in the financial services industry.

Application Materials and Deadline

• The application deadline is Sunday April 19, 2026.
  • Cover letter – Describe how your ethnic, racial, cultural, familial, and/or economic background impacted your life and accomplishments and strengthened your ability to contribute, lead, and succeed
  • Resume
  • List three references with contact information
  • Unofficial college transcript
• Send all materials and questions to [email protected].

Municipal Finance Fellowship Brochure

Explore exciting career opportunities with New York State!
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For current vacancies, please visit statejobs.ny, navigate to the sections for state employees and/or for the general public and search for vacancies in our agency.