Asset Management Intern

Illinois Housing Development • Chicago, IL

30d • Hybrid

About The Position

The Illinois Housing Development Authority (IHDA) is one of the Nation’s preeminent Housing Finance Agencies and one of the State’s ten largest financial institutions. Our mission is to finance the creation and preservation of affordable housing across the state. IHDA oversees more than 20 federal and state programs on behalf of the state of Illinois and serves as one of the state’s primary resources for housing policy and program administration. For over 50 years, IHDA has led the state in financing and supporting affordable housing. At IHDA we strive to create and maintain a work environment that promotes diversity, recognition and inclusion. IHDA is committed to hiring and investing in individuals of diverse talents and backgrounds to ensure a range of perspectives and experiences, inform and guide our work of financing affordable housing in the state of Illinois. Summary: Seeking an undergraduate or graduate school intern to work full-time over the summer of 2026 (hybrid) to support the development of office operational support for the Asset Management department. The Asset Management department is responsible for ensuring effective and efficient program administration and long-term compliance for the largest portfolio of affordable multifamily rental housing in Illinois. This work encompasses physical, financial, and operational compliance for properties that use a variety of financial instruments, including debt, equity, and operating subsidies. The Asset Management department works in partnership with property developers, owners, and managers, as well as other funders, interagency groups, and stakeholders. This position would be housed within the Executive group of the department, which establishes and implements the department's strategic direction, guiding structure, operations, preservation initiatives, and department culture, in partnership with internal and external stakeholders.

Requirements

• Pursuing a bachelor’s or master’s degree with an interest in affordable housing, Asset Management, or project management.
• Must possess strong verbal and written communication skills.
• Proficiency in Microsoft Office is required.

Nice To Haves

• Experience in project and stakeholder management is desired.

Responsibilities

• Develop a foundational understanding of HUD programs, Project-Based Vouchers (PBV), and IHDA’s Asset Management operations.
• Attend internal and external meetings to observe departmental operations, partner engagement, and cross-agency coordination.
• Review IHDA’s multifamily portfolio to identify PBV contracts underwritten in closed transactions.
• Obtain and analyze project summaries from closed deals to determine whether PBV units were included at underwriting.
• Cross-reference PBV information with IHDA’s system of record (DMS) to identify gaps, mismatches, or missing entries.
• Enter accurate PBV-related data into the DMS system following established data standards and naming conventions.
• Update or correct existing DMS records to improve consistency, completeness, and data quality across the portfolio.
• Create a structured tracking system (Excel, Smartsheet, or DMS logging) to monitor daily and weekly progress, flag discrepancies, and ensure transparency.
• Assist in drafting a review timeline for addressing backlog records and establishing a sustainable, ongoing review cadence.
• Performs other duties assigned

Benefits

• Paid Internship
• Open to college students (must be an actively enrolled undergraduate or graduate student at the time of applying)
• Full-time hybrid internship program that runs from June – August (typically 10 weeks)
• You will receive on-the-job training from industry experts
• Participate in workshops to gain insight on key departments at the Authority
• Participate in IHDA’s Mentorship Program
• Attend outings to connect with fellow interns

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Number of Employees: 251-500 employees