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Illinois Housing Development Authority · 1 month ago

Asset Management Intern

Chicago, IL, US

Internship

Hybrid

Intern

$18/hr - $20/hr

Start in 2026 Summer

The Illinois Housing Development Authority (IHDA) is a leading Housing Finance Agency focused on affordable housing. They are seeking an Asset Management Intern to support the department's operational functions, including compliance and data management for multifamily rental housing.

Financial ServicesLendingReal Estate

Responsibilities

Develop a foundational understanding of HUD programs, Project-Based Vouchers (PBV), and IHDA’s Asset Management operations

Interns will receive structured onboarding, a high-level HUD overview, PBV-specific training, and ongoing supervision to ensure they are comfortable with key concepts

Attend internal and external meetings to observe departmental operations, partner engagement, and cross-agency coordination

A staff mentor will debrief after meetings and provide spaces for questions

Review IHDA’s multifamily portfolio to identify PBV contracts underwritten in closed transactions

Interns will receive training on how PBV contracts are structured, where to locate source documents, and what indicators to look for

Obtain and analyze project summaries from closed deals to determine whether PBV units were included at underwriting

Interns will use Copilot to assist in summarizing documents and verifying key details

Cross-reference PBV information with IHDA’s system of record (DMS) to identify gaps, mismatches, or missing entries

Clear instructions, examples, and quality control checks will be provided

Enter accurate PBV-related data into the DMS system following established data standards and naming conventions

Supervisors will review initial entries and offer ongoing feedback

Update or correct existing DMS records to improve consistency, completeness, and data quality across the portfolio

Interns will receive templates, checklists, and hands-on system training

Create a structured tracking system (Excel, Smartsheet, or DMS logging) to monitor daily and weekly progress, flag discrepancies, and ensure transparency

Staff will provide templates and guidance; interns are encouraged to offer improvements

Assist in drafting a review timeline for addressing backlog records and establishing a sustainable, ongoing review cadence

This will be done in collaboration with team members and based on best practices

To ensure a high-quality internship experience, interns will receive: Dedicated supervision with weekly check-ins and open-door support

High-level training in PBV programs, HUD basics, and IHDA workflows

Hands-on DMS training with shadowing opportunities

Guidance on reading project summaries and identifying PBV elements

Support using Copilot to extract and summarize underwriting information

Professional development exposure to asset management and affordable housing operations

Exposure to real-world asset management scenarios in a supportive environment

Performs other duties assigned