2026 Summer Grad Internship - Equity Investments
About The Position
The Community Preservation Corporation (CPC) is a nonprofit multifamily finance company that was founded in 1974 to provide financial and technical resources to stabilize and revitalize underserved communities in New York City. Today, CPC operates nationally and stands as one of the largest Community Development Financial Institutions (CDFI) Fund in the country solely committed to investing in multifamily housing through its construction lending, mortgage lending and equity investing businesses. CPC uses its decades of expertise in housing finance and public policy to expand access to affordable housing and drive down the costs of housing production, advance diversity and equity within the development industry, and address the effects of climate change in our communities through the financing of sustainable housing. Since its founding, CPC has invested over $15 billion to finance the creation and preservation of more than 230,000 units of housing and has approximately 4,500 affordable units under ownership. CPC is a carbon neutral company and has been rated AA- by S&P. Visit CPC at communityp.com, and on Facebook, LinkedIn and X. Our Equity Investments platform invests into stabilized and cash-flowing properties which provide housing that is affordable or socially transformative. Our current portfolio includes $85M of investments in more than 4,500 units and alternative investments. Typical investment size is $2.5M - $7.5M. Terms are non-extractive and flexible, aligning interests and ensuring positive outcomes for everyone. We invest nationwide in strong and growing markets, in climate resilient areas exhibiting demonstrable support for needed affordable housing. We are a trusted partner and resource throughout the investment lifecycle, working closely with operating partner to enhance value and drive affordability. The Equity Investments team is seeking a summer intern to assist with affordable housing acquisitions and asset management, and to support our overall business strategy. Our team invests mission-driven balance-sheet dollars into a wide variety of investments nationally, with a current focus on stabilized cash-flowing properties. While our investment thesis is extremely flexible, we are committed to providing returns that support CPC’s operations while simultaneously advancing CPC’s mission. This internship will prepare you well for a real estate career in development, finance, and asset management.
Requirements
- Currently or recently enrolled in a related graduate level program and professional experience in development, finance, or related fields
- Strong organizational skills with the ability to prioritize and multi-task; detail-oriented
- Willingness to work as part of a team environment, and adaptability to change.
Nice To Haves
- An excellent candidate will have experience in – and willingness to learn about – multiple geographies (NYC and nationally), housing financing programs (e.g. Section 8, tax abatements,) and the many disciplines that coalesce in real estate development (construction, legal review, politics, etc.)
Responsibilities
- Assist in reviewing, underwriting, and closing new deals
- Assist with the oversight of our portfolio, driving and creating value across multiple investments and investment types
- Research new markets and funding sources as part of our strategic growth plans
- Perform other duties, as directed or required
Benefits
- Professional development sessions throughout the summer to learn more about the various functions and departments within CPC
- Tours offered to view current properties and construction projects throughout NY State
- Service Day – a chance for employees to get out of the office, spend time with colleagues and give back to the community
- Bi-weekly check ins with intern group and CPC leaders to stay connected
- We provide a hot breakfast 3x week, including snacks and drinks
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What This Job Offers
Job Type
Full-time
Career Level
Intern
Number of Employees
101-250 employees
