About the Internship

This is a dual-track internship designed for a graduate student seeking both hands-on exposure to CDFI lending and the opportunity to produce a substantive, independent research contribution. Approximately half of the intern’s time will be dedicated to each track. The intern will design and execute a publicly facing research report on a topic developed in collaboration with CHC’s Lending Team. The current focus is a comparison of affordable housing projects developed under Los Angeles’s ED-1 executive directive versus traditionally financed LIHTC projects. The lending track provides direct exposure to underwriting and managing affordable housing loans, from predevelopment through permanent financing, in collaboration with CHC’s Credit Risk Management team. Graduate students with a capstone or client project requirement are strongly encouraged to apply. CHC will collaborate to align deliverables with academic requirements.

Research Track (~50%)

In consultation with CHC senior staff, design the scope, methodology, and structure of a research report relevant to Century’s lending work
Conduct qualitative and quantitative analysis comparing ED-1 and LIHTC projects, including financing structures, timelines, development costs, and outcomes
Identify data sources, conduct outreach or interviews as needed, and synthesize findings into a clear, professional report
Present progress and findings to CHC staff at key milestones

Lending Analyst Track (~50%)

Support the analysis, structuring, underwriting, and closing of Century lending products in alignment with CHC policies
Assist in evaluating new loan origination opportunities
Review loan documentation and support Loan Administration with closings
Assist in preparing credit packages for approval
Perform pro forma analysis, review appraisals, and analyze sponsor financial statements
Support ongoing loan monitoring and credit risk assessment
Assist with special projects related to lending operations

Who Should Apply

Graduate students in Urban Planning, Real Estate, Public Policy, Business, Architecture, or a related field with a demonstrated interest in affordable housing finance or community development. Advanced undergraduates and nontraditional candidates with relevant experience may be considered.
Candidates with a demonstrated interest in affordable housing finance or community development
Strong independent research and project management skills
Analytical and detail-oriented individuals comfortable working with financial data
Excellent written and verbal communication skills
Self-starters who can work autonomously while seeking guidance when appropriate
Candidates motivated by mission-driven work and social impact

Knowledge, Skills & Abilities

Interest in affordable housing, public policy, and real estate finance
Strong research, analytical, and organizational skills
Basic understanding of multifamily lending and underwriting concepts
Ability to manage multiple assignments simultaneously and meet deadlines
Excellent written and verbal communication skills
Ability to work both independently and collaboratively in a team environment
Problem-solving mindset and strong attention to detail

Working Conditions

Internship may be conducted in-office or remotely
Approximately 25 hours per week for ~10 weeks
Flexible start date based on academic calendar

To Apply

Submit your resume and a brief cover letter by May 15, 2026. Please include your interest in affordable housing finance and any relevant research or financial analysis experience.

Century Housing Corporation

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