Provides affordable housing and financing solutions for Illinois residents and communities.
Assist IHDA legal team with affordable housing finance research, documents, and transactions.
5 days ago ago
Entry-level
Internship
Chicago, IL
Hybrid
Company Size
200 Employees
Service Specialisms
Affordable Housing
Housing Finance
Low-Income Housing Tax Credits
Mortgage Programs
Homebuyer Assistance
Housing Development
Real Estate Development
Project Financing
Sector Specialisms
Residential
Affordable Housing
Multifamily Housing
Permanent Supportive Housing
Housing for Persons with Disabilities
Housing for Homelessness Prevention
Mixed-Income Housing
Housing Development
Role
Description
legal drafting
legal research
due diligence
foia requests
document review
client coordination
Assist the Authority’s attorneys in drafting memorandums, agreements and/or other written documents.
Participate in workshops to gain insight on key departments at the Authority
Researching specific legal issues, mostly in real estate and finance law best practices and reporting those findings.
Gaining a greater understanding of the internal workings of a governmental authority, and the financing of multifamily, affordable housing projects in Illinois.
Attend outings to connect with fellow interns
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.
Working on procurement matters and Freedom of Information Act requests as they arise.
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.
Further refining valuable research and communication skills that can be carried into the future.
Working with the Authority’s attorneys and paralegals to assist in pending matters as they arise.
Participate in IHDA’s Mentorship Program
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.
Requirements
law student
1st year
legal research
communication
detail oriented
real estate
Have the ability to read, interpret and apply technical materials encountered during work assignments.
Be able to understand and grasp ideas quickly and follow instructions with initiative and exercise good judgement.
Good communication skills, with very strong research and the ability to communicate clearly and concisely, both orally and in writing.
Must be a law student and have completed at least one year of law school by the start of the internship.
Open to college students (must be an actively enrolled undergraduate or graduate student at the time of applying)
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.
Basic knowledge of principles, methods, materials, practices, and references utilized in legal research, presentation and drafting legal documents.
Be able to pay attention to detail.
Benefits
You will receive on-the-job training from industry experts
The opportunity to understand and appreciate the daily requirements of practicing government, and real estate financing law under the supervision of an attorney.
Paid Internship
Full-time hybrid internship program that runs from June – August (typically 10 weeks)
Training + Development
Information not given or found
Interview process
Information not given or found
Visa Sponsorship
Information not given or found
Security clearance
Information not given or found
Company
Overview
Founded to address the housing needs of low- and moderate-income families in Illinois.
Operates as a government agency focused on affordable housing, homeownership, and community development.
Provides financing, tax credits, and loan programs to support affordable housing projects.
Works closely with local governments, developers, and non-profit organizations to revitalize communities.
Offers a range of programs to help people achieve and maintain homeownership, including down payment assistance and foreclosure prevention.
Aims to increase the availability of affordable housing in both urban and rural areas across the state.
Plays a key role in funding and supporting the construction and renovation of affordable housing units.
In recent years, has worked to integrate more sustainable practices in housing projects, creating greener, more energy-efficient homes.
Culture + Values
$27 Billion
Housing Financing
Delivered over $27 billion in state, federal, and leveraged financing to date.
327,000 Homes
Housing Developments
Supported over 327,000 homes and apartments through various financing programs.
A1/AA/AA
Credit Ratings
Maintains high credit ratings, enabling independent bond issuance.
We connect people with financing programs for their homes.
Self-supporting agency operating without taxpayer funds
Collaborates with lenders, developers, local governments, nonprofits and community groups
Since 1967, has delivered more than $27 billion in state, federal, and leveraged financing to support over 327,000 homes and apartments
Maintains high credit ratings (A1/AA/AA) to independently issue bonds
Environment + Sustainability
$3.2M
Affordable Housing Project
Restoration of historic Nachusa House into senior affordable housing, funded through Low-Income Housing Tax Credits.
No explicit 'net zero' target stated on public site
Finances energy-efficient multifamily rental housing through Low-Income Housing Tax Credits and HOME Investment Partnerships
Supports rehabilitation and adaptive reuse (e.g., restoration of historic Nachusa House into senior affordable housing)
Incorporates greening and demolition of blighted properties to support community revitalization
Inclusion & Diversity
$5 Million
capacity-building initiative launched
Supporting pre-development, training, and technical assistance for developers of color.
100%
BIPOC participation in LIHTC applications
All approved applications included BIPOC participation on development teams.
160 Hours
training delivered to Next Gen cohort
Training focused on affordable housing development and the LIHTC program.
Ongoing incentives in LIHTC for BIPOC-led firms and projects with proactive racial equity planning