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Policy Analyst/Senior Policy Analyst

Federal Housing Finance Agency
Division of Housing Mission and Goals (DHMG)

Summary

This position is for a Policy Analyst/Senior Policy Analyst with the Division of Housing Mission and Goals (DHMG), Office of Affordable Housing and Community Investment (OAHCI). In this role, the incumbent will perform various tasks related to affordable rental and homeownership markets.

Overview

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Accepting applications
Posted yesterday · Apply by 07/31/26
Due by 11:59 p.m. ET on July 31, 2026
Location
Work site options
Telework eligible
No
Remote job
No
Relocation expenses reimbursed
No
Salary
$111,677 - $250,888 per year
Pay scale & grade
EL 12 - 14
Promotion potential
14
Pay scale and grade determines the salary of the job.
Work schedule
Full-time
Travel Required
Occasional travel - You may be expected to travel for this position.
Appointment type
Permanent
Occupations and job series
Supervisory status
No
Federal service type
This job is in the Competitive Service
Represented by a union
Yes
Drug test
No
Security clearance
Other
Position sensitivity and risk
Moderate Risk (MR)
Jobs require a background check and some require a security clearance. The type depends on the job.
Background check type
Financial disclosure required
No
Some jobs require financial disclosure to identify conflicts of interests.
Announcement number
DHMG-26-16-DH
Control number
877425900

Duties

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Division of Housing Mission and Goals

The Division of Housing Mission and Goals (DHMG) is responsible for FHFA policy development and analysis; oversight of housing and regulatory policy; oversight of the mission and goals of the Enterprises; and oversight of housing finance and community and economic development mission of the FHLBanks. The Division's activities also support the Director's responsibilities as a member of the Federal Housing Finance Oversight Board, the financial Stability Oversight Board, and Financial Stability Oversight Council. Work performed in DHMG includes data analyses, market surveillance, systemic risk monitoring, and analysis affecting housing finance and financial markets.

Office of Affordable Housing and Community Investment

The Office of Affordable Housing and Community Investment (OAHCI) provides effective oversight over the affordable housing, community investment and fair lending activities of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. OAHCI ensures that the regulated entities operate consistently with their charters and statutes to advance their public missions. This includes oversight of the regulated entities' affordable housing goals, the Enterprises' Duty to Serve, and the FHLBanks Affordable Housing Program, Community Investment Program, and community support requirements.

Position Overview

The Policy Analyst/Senior Policy Analyst position will perform assignments by analyzing developments, setting policy, and developing guidance in the affordable rental and homeownership markets; monitoring regulated entity activities and evaluating their impact; analyzing developments in the mortgage finance activities of the regulated entities to determine the impact of those activities on affordable housing policy choices and regulations; and evaluating the regulated entities' affordable housing and/or community investment requirements.

Major Duties & Responsibilities

The Policy Analyst/Senior Policy Analyst duties listed below are at the EL-14 grade level. Depending on the grade level selected, the incumbent will perform the following duties with varying levels of supervision and difficulty:

  • Represent and support the views of the Office, Division, and the FHFA on inter-office, intra-office, and inter-agency working groups and task forces.
  • Present the views of the Associate Director and the Office in a professional manner and is responsible for understanding these views prior to participating in these groups.
  • Represent the OAHCI, DHMG and the FHFA as a subject-matter expert with the regulated entities and other external stakeholders.
  • Design and implement effective housing finance regulations, policies, procedures, and guidelines.
  • Identify necessary program modifications based on knowledge or experiences with the programs and recommend changes to FHFA regulations and policies, as appropriate, to ensure continued effectiveness of the programs of the regulated entities.
  • Analyze the full range and complexity of statistical data and technical reports in addition to management information requirements to help develop improved business processes for application to Office programs and/or supervision operations.
  • Plan and perform extensive policy analysis of proposed legislation, existing statutes, Congressional testimony, and Enterprises' reports.
  • Analyze trends and advise management as to both actual and potential implications to pertinent Agency program operations.
  • Research, analyze, and resolve the most complex written and telephonic inquiries regarding housing-finance programmatic and policy issues.
  • Design and implement effective housing finance regulations, policies, procedures, and guidelines.
  • Identify necessary program modifications based on knowledge or experiences with the programs and recommend changes to FHFA regulations and policies.
  • Perform other duties as assigned.

Requirements

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Conditions of employment

  • Must be a U.S. Citizen.
  • Males born after 12-31-59 must be registered for Selective Service.
  • Suitable for Federal employment, as determined by background investigation.
  • May be required to successfully complete a probationary period.
  • Only experience and education obtained by the closing date of this announcement will be considered.
  • Resume and supporting documents (See How To Apply).
  • If you are currently, or have been within the last 5 years, a political Schedule A, Schedule C, Non-career SES or Presidential Appointee employee in the Executive Branch, you must disclose this information to the Human Resources Office.
  • FHFA participates in e-Verify. All new hires must complete the I-9 Employment Verification form either on or before their first day of employment. If a discrepancy arises, you must take affirmative steps to resolve the matter.
  • This position is eligible for inclusion in the bargaining unit. The union that represents employees in this position is the National Treasury Employees Union (NTEU) Chapter 343.
  • This is NOT a remote position; you MUST live within or be willing to relocate within a commutable distance of the Washington, DC duty location.

Qualifications

You may qualify for your desired series and grade level if you meet the following qualification requirements:

MINIMUM QUALIFICATIONS:

Minimum Qualification EL-12: Applicants must have 52 weeks (one-year) of specialized experience equivalent to the next lower grade level as described below.

Experience: I qualify for the EL/GS-12 because I have at least 52 weeks of specialized experience at the EL/GS-11 or equivalent demonstrating work experience with the statements described below.

Examples of specialized experience include:

  • Analyzing, monitoring, and evaluating single and/or multifamily affordable housing finance and/or community development policy and the impact on real estate financial market.
  • Interpreting federal, state, and local laws and regulations governing single and/or multifamily affordable housing.
  • Assisting with drafting regulations, policy statements, advisory bulletins, memoranda, correspondence, and special reports regarding single and/or multifamily affordable housing programs.
  • Monitoring and assessing regulated entity regulatory performance and compliance.

Minimum Qualification EL-13: Applicants must have 52 weeks (one-year) of specialized experience equivalent to the next lower grade level as described below.

Experience: I qualify for the EL/GS-13 because I have at least 52 weeks of specialized experience at the EL/GS-12 or equivalent demonstrating work experience with the statements described below.

Examples of specialized experience include:
  • Analyzing complex housing finance data, market trends, and affordable housing and/or community development changes to support policy development.
  • Conducting special studies or major projects to identify operational or regulatory issues and providing recommendations to improve program plans or policies.
  • Interpreting and applying federal, state, and local laws and regulations governing single and/or multifamily affordable housing operations and compliance, ensuring alignment with organizational policies and objectives.
  • Developing well-supported policy recommendations, preparing policy papers, issue briefs, or regulatory guidance for senior leadership and/or external stakeholders.
  • Conducting outreach and consultation with industry experts, advocacy groups, trade associations, investors, or other government agencies to gather input on policy issues.

Minimum Qualification EL-14: Applicants must have 52 weeks (one-year) of specialized experience equivalent to the next lower grade level as described below.

Experience: I qualify for the EL/GS-14 because I have at least 52 weeks of specialized experience at the EL/GS-13 or equivalent demonstrating work experience with the statements described below.

Examples of specialized experience include:
  • Conducting advanced analyses of legislation, affordable housing program activities, and affordable-housing and/or community investment requirements to develop policy recommendations that informed Agency/organizational decisions and regulatory actions.
  • Designing and refining housing-finance regulations, policies, and evaluation frameworks, ensuring alignment with statutory mandates and improving the effectiveness of programs serving under-served markets.
  • Leading outreach with housing-finance experts, advocacy groups, and/or regulated entities to gather insights, communicate Agency/organizational priorities, and supporting development of high-impact policy initiatives.
  • Serving as a technical authority on complex, sensitive affordable-housing and/or community investment issues, providing guidance to senior leadership, and mentoring junior analysts.

Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.

Additional information

An Overview of FHFA's Benefits provides a summary of benefits for the current fiscal year.

If selectee is a current FHFA employee; their benefits remain the same.

Males born after 12-31-59 must be registered or exempt from Selective Service (see https://www.sss.gov/RegVer/wfRegistration.aspx).

Career Transition Assistance Programs: These programs apply to Federal employees who have been involuntarily separated or whose positions are surplus. To receive selection priority, you must: (1) meet CTAP/ICTAP eligibility criteria; (2) be rated well-qualified with a score of 90 or above; and (3) submit required documentation. For more information, visit: For more information visit: http://www.opm.gov/rif/employee_guides/career_transition.asp.

FHFA is an Equal Opportunity Employer. All qualified applicants will receive consideration without regard to race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, disability, age (40 or older), genetic information, parental or marital status, prior protected EEO activity, political affiliation, or any other non-merit factor.

Reasonable Accommodation (RA) Requests: If you believe you have a disability (i.e., physical or mental), covered by the Rehabilitation Act of 1973 as amended that would interfere with completing the USA Hire Competency Based Assessments, you will be granted the opportunity to request a RA in your online application. Requests for RA for the USA Hire Competency Based Assessments and appropriate supporting documentation for RA must be received prior to starting the USA Hire Competency Based Assessments. Decisions on requests for RA are made on a case-by-case basis. If you meet the minimum qualifications of the position, after notification of the adjudication of your request, you will receive an email invitation to complete the USA Hire Competency Based Assessments, based on your adjudication decision. You must complete all assessments within 48 hours of receiving the URL to access the USA Hire Competency Based Assessments if you received the link after the close of the announcement. To determine if you need a RA, please review the Procedures for Requesting a Reasonable Accommodation for Online Assessments.

REASONABLE ACCOMMODATION: FHFA provides accommodations to applicants with disabilities unless it would create an undue hardship. To request an accommodation, contact reasonableaccommodations@fhfa.gov. All requests are reviewed case by case.

Ethics: FHFA employees are subject to government-wide ethical standards of conduct, financial disclosure requirements, and post-employment prohibitions. In addition, certain FHFA employees are prohibited from accepting compensation from Fannie Mae and Freddie Mac for a two-year period after terminating employment with FHFA. Furthermore, to avoid financial conflicts-of interest or the appearance of conflicts-of-interest, FHFA employees may need to divest or sell certain assets they, their spouse, or minor children own or control, including securities issued by Fannie Mae, Freddie Mac, or the Federal Home Loan Banks. Employees who work on Federal Home Loan Bank issues may need to sell or divest financial interests with any of the Federal Home Loan Bank members, which may include stock in bank holding companies, insurance companies, and other financial services firms. Questions regarding these requirements and prohibitions should be directed to the Office of General Counsel at (202) 649-3088.

Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.

How you will be evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

This position is being filled through the Federal Housing Finance Agency's hiring authority granted by the Housing Economic Recovery Act (HERA). Through this hiring authority, FHFA is permitted to use excepted service hiring procedures instead of competitive service procedures. For this reason, CTAP, ICTAP, and Veteran's Preference are not applicable. However, applicants who would normally be eligible for these priority considerations are still highly encouraged to apply.

You will be evaluated based on how well you meet the qualifications listed in this vacancy announcement. Your qualifications will be evaluated based on your application materials (e.g., resume, supporting documents), your responses on the application questionnaire, and your responses to all assessments required for this position.

You will be assessed on the following competencies (knowledge, skills, abilities, and other characteristics):

  • Accountability
  • Attention to Detail
  • Customer Service
  • Decision Making
  • Flexibility
  • Influencing/Negotiating
  • Integrity/Honesty
  • Interpersonal Skills
  • Learning
  • Reading Comprehension
  • Reasoning
  • Self-Management
  • Stress Tolerance
  • Teamwork


The USA Hire Assessments includes a cut score based on the minimum level of required proficiency in these critical general competencies. You must meet or exceed the cut score to be considered. You will not be considered for the position if you score below the cut score or fail to complete the assessment.

Overstating your qualifications and/or experience in your application materials or application questionnaire may result in your removal from consideration. Cheating on an assessment may also result in your removal from consideration.

We recommend that you preview the online questions for this announcement before you start the application process. To preview the application questionnaire, click the following link: https://apply.usastaffing.gov/ViewQuestionnaire/13015834

All of the information you provide will be verified by a review of the work experience and/or education as shown on your application forms, by checking references or through other means, such as the interview process. This verification could occur at any stage of the application process. Any exaggeration of your experience, false statements, or attempts to conceal information may be grounds for rating you ineligible.

In accordance with the Fair Chance Act, the Federal Housing Finance Agency (FHFA) may not request, in oral or written form, that an applicant for an appointment to (FHFA) disclose criminal history record information before the appointing authority extends a tentative offer to the applicant. Allegations of FHFA violations of this Act may be submitted to fairchanceactcomplaints@fhfa.gov or to Fair Chance Act Complaints, Office of Human Resources Management, Employee Relations Branch, FHFA 400 7th Street, SW Washington DC 20219 within 30 days from the agency employee's alleged non-compliance with the law.

Federal Housing Finance Agency

Join U.S. Federal Housing and Make a Difference!

At U.S. Federal Housing, we are driven by a deep commitment to public service and the belief that everyone deserves access to safe, sustainable, and affordable housing. Our mission is to ensure that the housing government-sponsored enterprises - Fannie Mae, Freddie Mac, and the Federal Home Loan Banks - operate in a safe and sound manner so they can serve as a reliable source of liquidity and funding for housing finance and community investment across the nation.

When you join U.S. Federal Housing, you become part of a team that plays a critical role in building a stronger, more efficient housing finance system. You'll contribute to work that directly impacts millions of Americans - advancing homeownership and supporting communities.

U.S. Federal Housing fosters a high-performing workplace where every employee is respected, valued, and empowered to succeed. We proudly uphold our core values, and we recognize the dedication of our workforce through a culture of excellence, collaboration, and service.

Bring your talent to U.S. Federal Housing and be part of something bigger - protecting the American dream of home ownership.

Agency contact information

Ryan Stanger
Phone
771-233-7320
Email
ryan.stanger@fhfa.gov
Address
FEDERAL HOUSING FINANCE AGENCY
400 7th Street, SW
Washington, DC 20219
US

Visit our careers page

Learn more about what it's like to work at Federal Housing Finance Agency, what the agency does, and about the types of careers this agency offers.

https://www.fhfa.gov/about/careers

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