RIHousing – Asset Management Intern

Salary Range -$20/hr

RIHousing is committed to creating a diverse environment and is proud to be an equal-opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

What it’s all about:

The multifamily asset management side of the Leased Housing department oversees many affordable housing programs in the state, totaling 300+ sites and over 22,000 units. The programs include the PBCA Section 8 program, Low Income Housing Tax Credit program, HOME, 811, and several smaller federal and state programs. RI Housing does not directly manage these sites. Still, we review financials, conduct physical inspections, audit tenant files, review rent increase requests, etc. to ensure that the sites follow federal and state regulations. There are 17 people on the team, many of whom spend time at these sites to perform their audits.

This position is accountable for administrating HUD rental subsidy contracts, Low-Income Housing Tax Credit projects, and ancillary portfolios. This includes accurate and timely completion of assigned regulatory compliance file audits, management reviews, and physical property inspections for rental units within Rhode Island Housing’s multi-family portfolio, per appropriate federal, state, and agency guidelines and policies.

What you’ll do on a daily basis:

The Asset Management intern will be responsible for assisting with a variety of tasks, such as processing requests for funds, financial auditing, and data entry to assist with our software transition. Depending on the person’s interests, they may be included in file reviews and unit inspections.

What you’ll bring to the team:

• Conduct physical property inspections and file audits to ensure the property complies with the specific program regulations.
• Process financial submissions as directed by the Manager of Multifamily Assets
• Process various documentation for assigned developments accurately and in a timely manner, including special claims and reserve requests.
• Data entry to assist in the company’s software conversion to Procorem
• Perform administrative and/or reporting functions in an accurate and timely manner as assigned.

What you’ll need to succeed:

• Degree or working on a degree in Accounting, Economics, Political Science, Administration/Management, or Human Services.
• An interest in housing or nonprofits.
• Good verbal and written communication skills, along with good organizational and negotiation skills.
• Strong computer skills, including intermediate knowledge of word processing, spreadsheet, and database software.
• Bilingual ability preferred (particularly Spanish or Portuguese)

Not sure you meet all the qualifications? Let us decide!

Why RIHousing:

• Mission-Driven Organization
• Dedicated Workforce
• Winner of “Best Places to Work” 2016, 2018, 2019, 2021, 2022, 2023
• PBN’s Worksite Health Award 2013-2023
• PBN’s Diversity Equity Inclusion Award 2023

RIHousing strives to ensure that all people who live or work in Rhode Island can afford a healthy, attractive home that meets their needs. A good home provides the foundation upon which individuals and families thrive, children learn and grow, and communities prosper.

To achieve our mission, we:

• Offer fair, affordable, and innovative lending programs.
• Provide housing-related education to consumers and others.
• Promote and finance sensible development that builds healthy, vibrant communities.
• Provide housing grants and subsidies to Rhode Islanders with the greatest need.
• Team up with partners to improve everything we do.

RIHousing uses its resources to provide low-interest loans, grants, education, and assistance to help Rhode Islanders find, rent, buy, build, and keep a good home. Created by the General Assembly in 1973, RIHousing is a privately funded public purpose corporation. RIHousing requires its employees to be highly motivated and knowledgeable, have a sound understanding of the changing needs of Rhode Island's housing market, be willing to work within and toward a smoothly integrated operation, demonstrate a commitment to serve the people of Rhode Island, especially those with low and moderate incomes in need of safe and affordable homes, and possess a high level of integrity and deep respect for all Rhode Islanders, including customers, partners and fellow employees.