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Creating Ownership and Economic Opportunity

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Impact

Total Cumulative Financing:   

$5.66 billion to 43,585 families, individuals, and organizations.

 
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104 DC Commercial Lending Intern
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104 DC Commercial Lending Intern

DC

Team: Commercial Lending

Location: Washington, DC

Hours: Full-Time; 10 weeks

Direct/Related Experience: Preferred, but not required

Education Status Preferred: Graduate; Any Discipline

Salary:  $14/hr. for Graduate students

 

The Organization

Self-Help is a community development lender founded in 1980 that creates and protects ownership and economic opportunity for minority, women-headed, rural and low-wealth families through home and small business lending.  It has provided over $5.5 billion in financing to help more than 62,000 low-wealth borrowers buy homes, start and build businesses, and strengthen community resources across the country.  Self-Help’s affiliate, the Center for Responsible Lending, researches and advocates for state and national legislation to address predatory lending practices and policies. 

 

Self-Help and the Center for Responsible Lending are national organizations based out of Durham, North Carolina with offices in North Carolina, Washington DC, and California. Nationally and internationally recognized as a leader in community development lending, Self-Help is one of twelve nonprofits featured in Forces for Good: The Six Practices of High Impact Nonprofits.

 

Major Duties:

  • Support Self-Help’s neighborhood stabilization efforts, and particularly efforts to deploy Self-Help’s NSP2 funds, through a variety of written and quantitative analytical projects and outreach efforts including: assisting in the underwriting of prospective nonprofit participants and working with existing participants to facilitate the origination of lease-purchase mortgages; coordinating with multiple colleagues and business lines across Self-Help to ensure adequate progress toward NSP2 goals; outreach and development of prospective new partners as necessary. 
  • Support DC Commercial Lending through analysis of prospective loan prospects, preparing financial spreads, and supporting loan monitoring.
  • Research: Intern will undertake at least one stand-alone business-strategy focused research project. Possible topics include:

a)              Market analysis of DC metro area home lending to indentify mission gaps and opportunities for SH Credit Union home lending. 

b)              Evaluation of Historic Tax Credit market opportunities for lending and real estate development in DC metro area.

c)              Market analysis and outreach to assist in the development of New Markets Tax Credit eligible loans

d)              Support Self-Help’s efforts to focus on green lending opportunities externally and environmental stewardship internally.

  • Support DC Branch outreach and communications: Assist Branch in building its deposit outreach database and draft borrower success stories and other content for Branch semi-annual newsletter.

 

Additional Skills Needed:

  • Enjoy being creative and engaging in strategic problem solving.

  • Strong verbal and written communication

  • Proficiency in Microsoft Excel

  • Experience with Microsoft Access a plus

  • Strong quantitative and qualitative research skills

  • Good team player

  • Good financial analysis skills a plus

  • Interest in community economic development

 

 Application:

If you are interested in applying for this position, please send a resume and cover letter to internships@self-help.org with the internship number (104) in the subject line. If you are interested in applying for more than one position, please apply for each position individually to ensure appropriate consideration.

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