Revantage

Strategic Initiatives Intern

Job Locations US-CA-Los Angeles
Job Post Information* : Posted Date 2 weeks ago(9/15/2023 9:31 AM)
ID
2023-5917
# of Openings
1
Category
Internships

Overview

April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April oversees a portfolio of over 85,000 affordable housing units in approximately 650 communities. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.

 

April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.

 

In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.

 

As of the date on which this job advertisement is posted, the Company anticipates that the base hourly range for this role is $25/per hour (undergrad) - $30/per hour (rising senior).

Responsibilities

Here are some of the projects you might work on: 

  • Technology Integration and Data Quality Analysis
  • We are in the midst of completely transforming our technology. As a member of the Strategic Initiatives team, you will have the opportunity to work with a variety of real estate-focused software suites, as we work to upgrade our technology tools and implement new systems to provide robust and rich data. 
  • Thoughtful structuring and review of reports and user interface, to address evolving needs. 
  • Improving our residents’ lives
  • Financial analysis and implementation of new building and infrastructure improvements that will enhance resident experience
      • Solar Panel implementation
      • Evaluate potential landscaping improvements, including xeriscaping
      • Adding shade options at our properties
      • Resident services such as financial literacy, mobile health services, tutoring and after-school programs.
      • Free / reduced cost WiFi for residents of our properties
  • Assist with triangulating data and telling the story behind the data. 
  • Employee education and advancement
  • Tax Credit-centered training, including Low Income Housing Tax Credits. Assist in selecting appropriate training topics, setting up and administering training, and follow up for employee feedback. 
  • Property Financial Repositioning
  • Path One: Focus on operating cost savings
      • Potentially partner with housing authorities to extend affordability and generate cost savings
  • Path Two: Resyndicate properties to extend affordability period and generate capital for unit renovation and improvements.
      • Evaluate the various eligible income structures for each property
  • Assist team in the preparation of periodic reports and analysis, including the quarterly Board Book which is presented to Blackstone. 
  • Develop and utilize business intelligence tools and dashboards in Power BI. 
  • Assist with cross-functional projects and analysis with various across the organization
  • Perform special ad hoc projects and analyses for department heads and Blackstone asset management team. 

Qualifications

Here’s a little about what your background might be: 

  • Pursuing a degree in accounting, finance, real estate, economics, or business with a finance/accounting concentration 
  • Minimum GPA of 3.5 
  • Working knowledge of MS Word and PowerPoint; advanced knowledge of MS Excel preferred 
  • Interest in housing and social equity
  • Ability to prioritize and multi-task in a fast-paced environment 
  • Excellent organizational skills and attention to detail 
  • Excellent analytical and problem-solving skills 
  • The ability to laugh at yourself 
  • A commitment to doing things differently and making the world a little bit better 
  • A naturally collaborative nature 
  • Ambition without ego (ew) 

EEO Statement

The Company is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com.

 

#LI-TZ1 #LI-Hybrid

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