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Form of workEnterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $54 billion and created 873,000 homes across all 50 states - all to make home and community places of pride, power and belonging.
Join us at enterprisecommunity.org.
Working at Enterprise
At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey.
Enterprise offers career opportunities in our offices across the country with an exceptional benefits package.
Job Description Summary
Enterprise Housing Credit Investments is hiring an Analyst Intern for the winter and spring 2024. The position will be hybrid/mostly remote and based in our San Francisco, CA office.
Enterprise Housing Credit Investments (EHCI) organizes and manages equity funds that invest in affordable multifamily housing financed through the federal Low-Income Housing Tax Credit (Housing Credit) program. We partner with corporate investors who invest in our funds, and we deploy the invested capital by acquiring limited partner interests in affordable housing projects developed by for profit and non-profit sponsors. EHCI's buy-side role is to structure, underwrite, perform due diligence, close, and asset manage the affordable housing assets held by each fund.
EHCI is one of several businesses that constitute Enterprise Community Investment, Inc (ECI). ECI is the financial services subsidiary of Enterprise Community Partners, Inc. (Enterprise), a national leader in creating affordable homes connected to opportunity. Interns will gain exposure to the breadth of Enterprise's work.
Job Description
Responsibilities:
- Preparing financial projections and evaluating potential investments
- Assist in the preparation of preliminary investment summaries and Credit Committee packages.
- Assist with due diligence review, project closings and transition of properties to the asset management group.
- Establish and maintain good working relationships with developers of affordable multifamily housing.
- Assist in managing investor relationships and pipelines. Develop an understanding of each investor's current investment needs and processes.
- Prepare investor pipeline reports and assist with preparation and review of investor due diligence requests.
- Prepare deal information including projections, deal summary, market information, sponsor resume and financial strength, and relevant deal terms for investor review.
- Ensure internal record keeping and systems are kept current and maintained.
Qualifications:
- We are seeking a graduate student with experience and/or strong interest in affordable housing and inclusive community development.
- Coursework and/or experience in finance, Real Estate and/or financial modeling preferred.
- Strong project management skills, including ability to prioritize and manage multiple tasks.
- Strong oral and written communication skills
- Self-motivation: ability to work both independently and as a team player.
