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Real Estate Development Intern
Impact Seven. Attend RED team meetings remotely and in person, plus meetings with partner agencies, community organizations, political officials, and funders .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates strong capabilities in financial analysis, due diligence, and funding application processes within the context of affordable housing development. Possesses a foundational understanding of real estate financial modeling and site selection criteria, complemented by effective communication and collaboration skills.
Highest-signal resume keywords
Financial AnalysisDue DiligenceFunding ApplicationsReal Estate DevelopmentConstruction Monitoring
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Financial ModelingUnderwritingSite SelectionProperty ValuationBudget TrackingCost CertificationsPro-Forma Operating StatementsMulti-Year Cash Flow ProjectionsLow-Income Housing Tax Credit ProjectsCommunity Engagement
Soft Skills
CommunicationCollaborationMentorshipAdaptabilityInterest in Community Development
Industry Keywords
Affordable Housing DevelopmentUrban PlanningReal Estate FinanceCommunity DevelopmentPublic Administration
About the role
Key responsibilities & impact- Attend RED team meetings remotely and in person, plus meetings with partner agencies, community organizations, political officials, and funders
- Assist with due diligence, underwriting, and financial analysis materials for prospective projects
- Assist with preparation and submission of funding applications to state and local funding providers
- Travel to development site prospects and construction sites as required, including periodic overnight stays
- Report assigned tasks to management on an ongoing basis
- Participate in formal evaluations of performance against learning objectives
- Develop understanding of site selection criteria and site feasibility screening
- Build skills in preparing due diligence materials covering site selection, property valuation, and title/site conditions
- Gain exposure to real estate development financial modeling, including budgets, working capital, pro-forma operating statements, sources and uses, and multi-year cash flow projections
- Learn and assist with scoring prospective Low-Income Housing Tax Credit projects
- Observe discussions regarding acquisition pricing and terms
- Learn funding application processes and attend debt and equity financing meetings and closings
- Gain familiarity with public approvals and community engagement
- Assist with construction monitoring, including tracking expenses against budget
- Learn post-construction activities such as cost certifications
- Understand transition of completed projects from Real Estate Development to Property Management
- Prepare progress reports for management
- Work under close supervision and mentorship of the Vice President of Real Estate Development and/or a designated Real Estate Development Manager
Requirements
What you’ll need- Bachelor's degree from a four-year college or university, preferably in urban planning, real estate, finance, public administration, community development, or a related field; or equivalent coursework, internship, or lived experience demonstrating interest in affordable housing development
- Genuine interest in pursuing a career in affordable housing development, community development, or real estate finance
- Ability to attend meetings remotely and in person
- Ability to travel to development site prospects and construction sites, including periodic overnight stays
- Ability to assist with due diligence, underwriting, financial analysis, funding applications, construction monitoring, and project reporting under supervision
Benefits
Comp & perks- Paid internship
- Mentorship and close supervision
- Regular coaching and feedback
- Formal performance and self-evaluations
- Job-related seminars, conferences, and training sessions
- Hands-on exposure to the full lifecycle of multifamily affordable housing development