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Illinois Housing Development Authority · 1 day ago

Legal Intern

Chicago, IL

Internship

Hybrid

Intern

$18/hr - $20/hr

The Illinois Housing Development Authority (IHDA) is one of the Nation’s preeminent Housing Finance Agencies focused on financing affordable housing. The Legal Intern will support the in-house legal team by assisting with legal tasks related to the financing of affordable housing projects.

Financial ServicesLendingReal Estate

Responsibilities

Participating in multifamily financing and asset management transactions with the assigned attorney and paralegal, including assisting in assembling, organizing, reviewing and assessing due diligence collected as part of closing transactions, attending transaction meetings and closing calls

Reviewing, organizing and possibly revising the Legal Department’s library of form loan documents, regulatory agreements, certificates, and other records associated with the various funding programs the Authority administers

Researching Authority policies and how they may impact different departments and working groups throughout the Authority

Researching specific legal issues, mostly in real estate and finance law best practices and reporting those findings

Assist the Authority’s attorneys in drafting memorandums, agreements and/or other written documents

Working with the Authority’s attorneys and paralegals to assist in pending matters as they arise

Working on procurement matters and Freedom of Information Act requests as they arise

Performs other duties assigned

Qualification

Legal researchDrafting legal documentsCommunication skillsReal estate lawProject managementClient interactionJudgementAttention to detailTeam collaborationInitiative

Required

Must be a law student and have completed at least one year of law school by the start of the internship

Be able to understand and grasp ideas quickly and follow instructions with initiative and exercise good judgement

Be able to pay attention to detail

Have the ability to read, interpret and apply technical materials encountered during work assignments

Good communication skills, with very strong research and the ability to communicate clearly and concisely, both orally and in writing

Basic knowledge of principles, methods, materials, practices, and references utilized in legal research, presentation and drafting legal documents

Must be motivated to work and learn

Preferred

Basic knowledge of the real estate residential, multifamily law and a genuine interest in law is a plus, but this is an administrative position that does not require legal knowledge to get started

Benefits

The opportunity to understand and appreciate the daily requirements of practicing government, and real estate financing law under the supervision of an attorney.

Gaining a greater understanding of the internal workings of a governmental authority, and the financing of multifamily, affordable housing projects in Illinois.

Further refining valuable research and communication skills that can be carried into the future.

Gaining experience in team collaboration and client interaction by assisting attorneys in meetings and coordinating with different departments and external stakeholders.

Developing project and time management skills.

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