Website Community Preservation & Development Corporation
Community Preservation & Development Corporation internships can give you opportunity to meet a variety of professionals in your field. Real Estate Development Intern is offerred by the Community Preservation & Development Corporation in the Silver Spring, MD. Apply with the link below.
Job: Real Estate Development Intern
Company: Community Preservation & Development Corporation
Location: Silver Spring, MD
Real Estate Development
Silver Spring, MD
Community Preservation & Development Corporation
Community Preservation and Development Corporation (CPDC) is a leader in the affordable housing industry. We invest in real estate, people, and communities. Our mission is to develop vibrant communities through innovation and partnerships.
Over the last 30 years, CPDC has established an unparalleled reputation for revitalizing communities across the Greater Washington, DC Metropolitan Region. CPDC offers affordable housing to over 10,000 residents across more than 30 properties (5,000 units) in Washington, DC, Virginia, and Maryland. In these communities, residents have established tenant associations, organized voter registration, improved their school performance, achieved their GEDs, improved their employability, help to establish electronic villages, and created safe and more secure communities.
The Intern will work with the Real Estate Development team on analyzing new development opportunities and assembling information for grant and financing applications. The intern will also assist in the planning, development, financing and design of the projects in accomplishing CPDC’s mission.
Conduct neighborhood analysis for current and future CPDC properties to determine new development opportunities, planning and zoning changes, property valuations, demographic, retail capacity and socio-economic shifts, and community development needs.
Perform lot yield analysis to come to a recommendation for land use projects. These projects will combine zoning analysis and community needs.
Work closely with one ongoing project in one of these key areas; prospective project, predevelopment project, or construction. Assist and shadow the development associate or officer on the project to help with daily needs and learn about this stage of the development process. Examples of tasks will be creating spreadsheets, looking at market research, mapping, creating presentations, and attending onsite meetings.
College graduate student with coursework and/or experience in real estate development, finance or urban planning is required. Knowledge of land use and neighborhood planning and real estate development concepts are a plus.
Supervision, Training and Support: Orientation to CPDC and its communities. Development of initial work plan and timeline with supervisor related to above tasks. Weekly meetings to review, plan, and provide coaching around various aspects of the internship experience. Participate in staff meetings, external meetings, and trainings as available and relevant to the scope of the position. Participate in an intern program feedback process.
Witness the affordable housing development process from project selection to construction to asset management and resident engagement.
Experience the day to day operations of a real estate development in an affordable housing corporation and understand the federal, state, and local policies and programs used in this industry and how they influence operations of a nonprofit developer.
Gain exposure to the financing tools used in the industry, including Low-Income Housing Tax Credits (LIHTC), HUD financing products, and programs (e.g. Section 8), GSE products (e.g.’ Fannie Mae) and typical local government programs.
Develop a working knowledge of the policies and tools that local governments use in urban planning, land use, and real property development (e.g. comprehensive plans, small area plans and affordable housing policies.
Learn to function in a team environment and experience how the work develops through team meetings on a project, with staff, lenders, government stakeholders, and development consultants (e.g. architects and civil engineers).