About the opportunity: POAH seeks an intern to join its Acquisitions group during the summer of 2018 working in the Boston office. The Acquisitions Intern will assist with a broad range of tasks as the group works to identify and acquire affordable housing developments for POAH’s portfolio. The position involves data collection and analysis, research, financial modeling, deal structuring and negotiation, and writing, and may include:
• Preparing preliminary real estate underwriting models for acquisition prospects;
• Gathering and analyzing information from a variety of sources, including interacting with property brokers, public sector partners, and other stakeholders;
• Drafting correspondence and materials for senior staff review;
• Data gathering and entry in POAH’s real estate database;
• Identifying and analyzing policies and financing opportunities that would benefit the core business practices of the company and the industry;
• Assisting with special projects in other departments as necessary.
Qualifications & Requirements In the course of successfully completing these varied and challenging responsibilities, the candidate must be - and will have the opportunity to be: creative, nimble, innovative, collaborative, confident and able.
Candidates should be interested in finance, real estate, affordable housing, deal structuring, negotiation, data analysis, public policy, and regulatory issues. Excellent written and oral communication skills are required, in addition to proficiency in Microsoft Excel, PowerPoint, and other programs, and an aptitude for research, data collection, and financial analysis. Students in master’s degree programs are preferred, but all interested students are encouraged to apply.
The internship is paid and will require a full-time commitment for ten consecutive weeks during the summer of 2018. Interested individuals should send a resume with a cover letter to firstname.lastname@example.org.
About POAH: Preservation of Affordable Housing, Inc. (POAH) is a highly entrepreneurial organization committed to community development and to preserving ‘at risk’ affordable rental housing. Based in Boston, POAH is a vibrant and growing non-profit organization which currently owns and manages more than 8,900 affordable rental homes for families, seniors and the working poor across more than 76 communities in nine states and the District of Columbia. POAH’s communities are administered by POAH Communities (POAHC), the subsidiary property management company.
POAH’s reach is national in scope, and its faithfulness to mission is carefully balanced with attention to its business bottom line. Its noteworthy reputation has resulted from a demonstrated ability to craft complex financial transactions, tackle tough multi-family projects, and close deals that preserve the affordability of ‘at risk’ properties in a decisive, proficient manner. The organization and its leaders have also been at the forefront of policy and legislative discussions around housing preservation, affordable housing finance and regulatory reform. POAH recognizes energy conservation as a key element of responsible property ownership. Over the last eight years, POAH has invested considerable resources in energy efficiency, water conservation and renewable energy. As part of this effort, we have worked to collect and analyze utility data from across our portfolio.