Preservation Intern

April Housing • Los Angeles, CA

2d • $25 - $30

About The Position

April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner. April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations. In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents. As of the date on which this job advertisement is posted, the Company anticipates that the base hourly range for this role is $25/hour (undergrad) - $30/hour (rising senior). The Preservation team at April Housing is responsible for underwriting, developing, closing, and managing the construction of preservation and rehabilitation projects for one of the largest affordable housing portfolios in the country.

Requirements

• Strong academic record with a genuine interest in exploring or continuing a career in affordable housing
• Coursework in any of the following fields of study: architecture, real estate development, finance, urban planning, economics, political science, public policy
• Education in other fields of study would be acceptable if combined with interest in affordable housing (development, finance, and/or policy)
• Excellent organizational skills and attention to detail
• Outstanding analytical and problem-solving skills
• A collaborative nature with good communication and interpersonal skills

Responsibilities

• Supporting analyses that drive investment decisions on preservation and rehabilitation efforts, including pro forma analysis, market comparables, due diligence review, and funding availability
• Assisting with internal status updates and other reporting to key stakeholders at April and Blackstone
• Supporting the assembly of applications for tax-exempt bonds and low-income housing tax credit allocations
• Tracking deal progress during the due diligence, application, closing, and constructions phases of development
• Completing special projects for the Preservation team, including research on state-level affordable housing preservation tools/initiatives and the drafting of white papers
• Tracking best practices and process improvement initiatives across the Preservation team

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed