Multifamily Intern

About the Connecticut Housing Finance Authority:

Connecticut Housing Finance Authority (CHFA) is a self-funded, quasi-public organization. Its mission is to alleviate the shortage of housing for low-to moderate-income families and persons in the state of Connecticut (State) and, when appropriate, to promote or maintain the economic development of the State through employer-assisted housing efforts.

CHFA is a mission-driven leader in creating #affordablehousing opportunities for families and individuals in Connecticut. We believe in the power of the diverse and inclusive communities we serve. We provide a challenging, progressive, and supportive environment that encourages and promotes employee development.

We offer competitive salaries; tuition reimbursement; 457 deferred compensation, state sponsored pension plan, comprehensive health, dental, life, and disability plan, paid vacation, sick, and holidays, hybrid work schedule, ongoing training, career development and if qualified employee may be eligible for student loan forgiveness under Federal Loan assistance program.

About the Multifamily Department

The Multifamily department of CHFA is responsible for all tasks involved in providing financing for multifamily developments and monitoring those developments once they are placed in service. Multifamily is heavily involved in community engagement and performs underwriting, construction risk mitigation, program administration and asset management functions for these developments.

About the Position:

CHFA is offering this internship within our Multifamily department to provide qualified candidates opportunities to:

• Experience our organization and contribute to our mission.

• Collaborate with multiple staff whose responsibilities vary.

• Perform meaningful tasks to support each unit within Multifamily.

• Connect with a CHFA staff member on a weekly basis.

• Develop an understanding of important programs such as the LIHTC and HTCC tax credit programs.

• Learn what it means to underwrite a loan, mitigate risk during construction, and monitor a development once it is placed in service.

• Understand the level of collaboration it takes to make a deal successful.

• participate in study halls which discuss important topics in affordable housing.

• Interact with leaders both within and outside Multifamily; and

• Get a glimpse into career opportunities within the affordable housing sector.

MINIMUM QUALIFICATIONS:

Undergraduate students, graduate students, or recent graduates. In areas of study of real estate, urban planning, public policy, economics, finance, accounting, statistics, data analytics, computer science, law, and architecture.

Attributes

• Exhibits a strong interest in affordable housing, fair housing, homelessness issues.

• Displays strong organizational skills.

• Has ability to multitask; and

• Demonstrates openness to working with multiple teams throughout the department.

ALL OTHER DUTIES AS ASSIGNED:

This is not an exclusive list of all job functions, and the employee is expected to complete all duties as assigned. Duties and responsibilities may be added, deleted, or changed at any time at the discretion of management, formally or informally. This job description in no way constitutes an employment contract or agreement.

Position is located on-site in Rocky Hill, CT

• Salary: $17.00 per hour up to 37.5 hours per week for 12 weeks from May through September only*

To apply for this position, submit a resume, and cover letter referencing the position for which you are applying, and complete the on-line application at https://www.chfa.org/careers.

Applications will be accepted until position is filled.

CHFA is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, veterans, and persons with disabilities.

CHFA EOE