Administrative Intern II - Real Estate Development and Acquisitions

CHARACTERISTICS OF THE CLASS Under the general direction of a departmental supervisor, assists in the administration and implementation of departmental initiatives and projects. This classification is intended to provide the incumbent with a broad exposure to organizational operations and the fields of affordable housing development, acquisitions, and finance. JOB DESCRIPTION The Development Services Department manages HACLA’s key real estate activities across four functional areas: 1) the redevelopment of HACLA’s public housing communities into thriving, highly-amenitized, mixed-income and mixed-use neighborhoods; 2) the acquisition of market rate apartment buildings and their conversion to income-restricted affordable housing; 3) innovative partnerships with for-profit, non-profit, and other governmental organizations to expand the supply of affordable housing; and 4) project finance, including bond issuance, and agency and conventional debt and equity financing. HACLA has built a strong reputation for excellence; since 2020, HACLA has been one of the largest developers of affordable housing in the City of Los Angeles and has acquired nearly one billion dollars of property across the City. The Development Services Department has internship opportunities for graduate students and/or post-graduates interested in professional work in affordable housing. This internship opportunity provides hands‑on experience in the Development Services Department through any of the following tasks or assignments: analyzing real estate transactions; preparing financial models and deal pro formas; managing development projects, including assisting with demolition and construction draws, and resident relocation activities; supporting competitive procurement; assisting with financing applications and escrow closing activities; researching and supporting financing, organizational, policy, and deal structure strategies to increase positive outcomes; and various research, support, administrative and analytical tasks as needed. Examples Of Essential Functions Performs research on departmental concerns; gathers and analyzes data; prepares reports, white papers, procurement packages, policy documents and correspondence; assists in preparation and submission of grant applications, requests for proposals, and related activities. Creates presentations, slide decks, outreach and marketing materials, and assists with logistical planning efforts for internal and external meetings and events. Develops and maintains departmental systems, databases, records, and documentation; completes, types, copies, enters and/or files standardized documents. Interprets legislation, administrative orders, regulations, policies and procedures. Acts as liaison with other business units, departments, developers, community stakeholders, consultants and agencies to gather, analyze, and disseminate information. Reviews development drawings, technical reports for budget and design implications and provides structured feedback. Assists in preparing pro‑forma modeling of development and acquisition deals. Assists in creation of project schedules and supporting deal team in preparing for and follow up from weekly project calls. Assists in reviewing developer pro‑formas, lender and investor term sheets. Assists in preparation of financing applications, escrow closing activities, construction draws, and related tasks. Researches and develops policies, procedures and programs related to real estate development, financing programs and strategies, and strategic operations. Assists with the long‑range and short‑term planning for HACLA’s public housing sites, strategic operations, and other business units. Researches, compiles and reviews data collected for accuracy, and provides analysis and recommendations. Plans, sets up, attends and acts as administrative support at meetings. May be required to drive a vehicle to different sites and/or locations. Perform related work duties as assigned. MINIMUM REQUIRMENTS Current enrollment in a post‑secondary graduate program OR graduation from an accredited college or university with a bachelor's degree in urban studies, urban planning, real estate, economics, business, finance, government, or public administration, or a closely related field, supplemented by one (1) year of experience in real estate development, acquisitions, urban planning, or closely related field. SPECIAL REQUIREMENT Must possess a valid California Class C Driver's License at time of employment. OF NOTE This is a temporary assignment, not to exceed 1,000 hours. The selected candidate will be required to put in approximately 20 hours per week during regular academic term and potentially work for 20-30+ hours per week during semester/trimester/quarterly breaks. The Department will determine the project assignments and duties for the selected candidate based on that applicant’s strengths, interests, schedule, and Departmental needs. APPLICATION PROCESS Applications will be reviewed for relevant experience, education, and/or training. Applications must be detailed and complete for proper evaluation. Resumes may be included but may not be submitted in lieu of application content. Only the most‑qualified applicants will be considered and may be invited to the interview and selection process. SELECTION PROCEDURE Applications will be reviewed for relevant experience, education and training. The application must be detailed and complete for proper evaluation. HIRING INFORMATION All job offers are contingent upon successful completion of a pre‑employment evaluation, which includes: a post‑offer medical examination (includes drug and alcohol screening), criminal records check, employment history and education verification, and documentation of the right to work in the United States. DISABILITY ACCOMMODATION Testing Accommodations: If you require an accommodation due to a physical, mental or learning disability, please call View phone number on click.appcast.io or email View email address on click.appcast.io no less than 72 hours prior to testing date for special assistance. Special testing accommodations may be arranged if verification of the disability is provided by a physician, rehabilitation counselor, or other authority. Candidates who require a reasonable accommodation in any portion of the selection process should state their need in writing when submitting an application. NOTE: The provisions of this announcement do not constitute an expressed or implied contract and any provisions contained in this announcement may be modified or revoked without notice. Required Under the Housing Authority of the City of Los Angeles Conflict of Interest Policy, new and existing employees are required to refrain from participating in activities, employment or enterprises, which are in conflict with public interest and/or with his or her duties as an employee of the Authority. A copy of the Conflict of Interest Policy may be obtained by visiting our website at: Please call NeoGov Toll-Free Applicant Support telephone line View phone number on click.appcast.io if you forget your password, have application login problems or get an error message during the application process. We are an Equal Opportunity/Affirmative Action Employer. HACLA Benefits Medical/Dental/Vision Plan: HACLA will provide up to 100% of the CalPERS medical premium rate for Los Angeles, San Bernardino & Ventura Counties Kaiser rates for employee only, employee + one dependent, and employee + multiple dependents as applicable HACLA will provide 100% of basic Dental HMO rates for employee only, employee + one dependent, and employee + multiple dependents as applicable HACLA will provide 100% basic Vision coverage for employee only, employee + one dependent, and employee + multiple dependents as applicable $250 OPT OUT payment is available for employees with a qualifying health plan outside of the employer network. Employees have the option to choose additional optional insurance such as Dental PPO, Custom Vision, additional medical coverage, and voluntary additional life insurance. HACLA will provide 100% of STD/LTD/Mandatory Life premiums for all eligible employees to maintain the IRS 125 Plan HACLA retirement plan is the Public Employees' Retirement System (PERS). Vesting is five (5) years. For Classic members, the pension formula is 2.7% at 55 with members contributing 8% of their wages towards their retirement. For PEPRA members, the pension formula is 2% at 62, with members contributing 7.75% of their wages towards their retirement. CalPERS will make the determination regarding the type of membership for which the eligible employee will qualify. Annual leave accruals vary, depending upon the type of job/position (membership in employee organizational group) and years of service. Length of service increases accrual rates by employee organizational group when service requirements are met. Newly Hired Annual Accruals: At-Will/Non-Represented accrual per pay period 5.23 hours (17 days annually) Council of Housing Professionals-Management accrual per pay period 4.15 hours (14 days annually) Council of Housing Professionals-Administration accrual per pay period 6.78 hours (22 days annually) Service Employees International Union (Local 721) accrual per pay period 6.78 hours (22 days annually) Los Angeles County Building and Construction Trades Council accrual per pay period 5.23 hours (17 days annually) American Federation of State, County and Municipal Employees accrual per pay period 6.78 hours (22 days annually) 14 Observed Holidays: New Year's Eve; New Years Day; Martin Luther King Jr's Birthday; President's Day; Cesar Chavez Day; Memorial Day; Juneteenth; Independence Day; Labor Day; Veteran's Day; Thanksgiving Day; Day After Thanksgiving; Christmas Eve, and Christmas Day. 12 Floating Holiday hours annually Opportunity to earn up to 160 hours of Paid Time Off (PTO) for eligible exempt employees as comp time per calendar year. Employees may cash out up to 160 hours of accrued and unused PTO annually. Pre-Tax Deferred Compensation 457 Plan Group term life insurance Flexible Spending Account Options Tuition Reimbursement Program Employee Assistance Program Flexible Work Schedules Partial Telework Program Kaiser Medical Insurance - 50% employer covered medical through Kaiser Permanente if working 30 hours or more per week. Paid Sick Time - At least 40 hours or 5 days of sick leave after 90 days of employment. Eligible casual employees may enter as Classic or PEPRA members if qualifying requirements are met. Per-Diem employees are not eligible for the Public Employee Retirement System (PERS). Availability of benefits are dependent upon employment eligibility status with HACLA* #J-18808-Ljbffr