2018 (Summer)- Housing & Community Invesment (HCI) Intern

The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 440 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable, wholesale funding each year. Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.

Our highly skilled team of 200 is diverse, innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance.

Internship Summary:

The Housing & Community Investment (HCI) internship will focus primarily on the assisting with the housing and economic development research for the Federal Home Loan Bank of Boston’s annual Community Lending Plan. In addition, the Intern will also assist with other research or review related to the Bank’s Housing and Community Investment programs, especially the Affordable Housing Program (AHP), and the department’s systems and web site. The position will assist with other regular activities and tasks as needed.

The candidate will work directly with the HCI staff and will be exposed to the department’s key programs, including the AHP application preparation and training for the potential members and sponsor/developers.

Based on candidate interest, this paid internship will either begin during the Spring 2018 academic year or it will be a part of the 2018 summer internship cohort, running from late May to August. As part of the 2018 summer internship cohort, our interns will work together on a group project that culminates in a Bankwide presentation and will be invited to participate in a variety of events and activities intended to ensure a positive experience.

 FHLB Boston does not sponsor work authorization for internships.

Specific Responsibilities  

• Assist with the housing and economic development research for the Bank’s annual Community Lending Plan (CLP)
• Review RealtyTrac-provided data and research/track HCI program-related foreclosures
• Information technology testing of AHP external application and internal screens and make recommendations
•  Assist web user registration cleanup and implementation of new verification process
•  Other Equity Builder Program (EBP) and AHP research for annual update of AHP Implementation Plan
• Other tasks or assignments, including regular activities, as needed or requested by the Director or Deputy Director
• Performs other duties as assigned

Benefits for the Intern  

• Learn the housing and economic priorities in the six New England states
• Work as part of a team with HCI staff
• Develop/strengthen professional skills
• Attend internal meetings
• Attend HCI program training with constituent
• Learn other outside affordable housing programs (other funders, other FHLBs)

Qualifications   

Education & Experience

• Current students working towards a degree in Business, Planning, or Government are the target audience for this internship. Those with a completed degree will also be considered
• Prior work experience in an environment other than retail is required. Prior experience in a professional environment is preferred 

Knowledge/Skills

• Familiarity with MS Office programs, specifically Word and Excel
• Possession of writing, research, and analytical skills preferred
• Financial analysis and/or real estate finance skills a plus
• Must be able to work both independently and as part of a team

The Federal Home Loan Bank of Boston is committed to building and sustaining a diverse workforce that reflects the communities that we serve. As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran or parental status and sexual orientation.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. 

Applications are being accepted on the Careers page of our website: www.fhlbboston.com