Development Intern

Job Description

About the Job: Development Intern at Dominium

Dominium is actively engaged in addressing the affordable housing crisis, and we are seeking motivated individuals to join our team and advance our mission. As one of the nation’s most respected and innovative affordable housing development and management companies, Dominium operates offices in Minneapolis, Atlanta, Dallas, and Phoenix. We are dedicated to creating quality, affordable homes and fostering strong communities through daily engagement with our residents.

Join us in making a profound difference in people’s lives every day, at a company where you are encouraged to challenge yourself and develop both personally and professionally.

POSITION SUMMARY:

The Development Intern will play a crucial support role for analysts, associates, developers, and project partners across all phases of the real estate development process. This encompasses a range of tasks including market and acquisition analysis, reviewing investment agreements and legal documents, assisting with project planning, construction administration, and other various tasks as needed.

Essential Functions:

• Market Analysis: Conduct research on local real estate trends, pricing, and demand to identify potential investment opportunities and support market reports.
• Financial Modeling: Assist in creating and maintaining financial models to evaluate project profitability, including income projections and ROI analysis.
• Cash Flow Projections: Help develop and maintain accurate cash flow projections for new developments, factoring in rental income, operating expenses, and financing costs.
• Acquisition Analysis: Support the evaluation of potential acquisitions by performing due diligence, property financial reviews, and market comparisons.
• Financing Application Compilation: Assist in compiling and preparing necessary documentation for financing applications, ensuring compliance with lender requirements.
• Tax Credit Application Compilation: Support the preparation of tax credit applications (e.g., LIHTC or Historic Preservation) by organizing documentation and ensuring accuracy.
• Construction Matrix Preparation: Help prepare and update construction timelines, milestone charts, and resource allocation plans to ensure projects stay on track.
• Site Visits and Inspections: Participate in site visits to monitor project progress, document issues, and collaborate with construction teams to maintain quality control.
• Report Generation and Stakeholder Coordination: Assist in generating project status reports and facilitate communication among stakeholders to ensure smooth project execution.
• Other projects assigned by supervisor.

Qualifications:

• Recent graduate or undergraduate student of a four-year Bachelor degree program in Real Estate, Finance, or a related field with a GPA of 3.5 or above strongly preferred.
• Active participation in Real Estate clubs/groups preferred.
• MS Office experience including advanced knowledge in Excel.
• Ability to manage multiple projects with strong organizational skills.
• Strong mathematics and analytical reasoning skills.
• Ability to work independently with minimal supervision.

About Dominium:

Dominium is a purpose-driven leader in affordable housing, operating in approximately 20 states with a dedicated team of over 1,300 employees. For more than 50 years, we have delivered excellence in the development and management of affordable housing communities across the United States. Dominium’s values – EDGE: Entrepreneurial Innovation, Developing People, Growth Mindset, and Execution – guide us in fulfilling our Purpose: to provide quality, affordable housing that builds Enduring Value for our residents, employees, communities, and financial partners. We believe housing provides dignity, and our work has a positive, lasting impact on the lives of individuals and families – often for generations. Our properties last for decades, leaving a lasting impact in the communities where they are located.

Benefits and Perks:

We offer a competitive salary, an incentive bonus program, training and development programs, career growth, and community volunteer and outreach opportunities. Our comprehensive benefits package for eligible employees includes:

• Basic Life and AD&D; Employee, Spouse and Child Supplemental Life and AD&D.
• Short and Long-Term Disability insurance.
• Medical, Dental, and Vision coverage, with optional Health Savings Accounts.
• Medical and Dependent Care Flexible Spending Accounts.
• Voluntary Benefits (Accident, Critical Illness, Whole Life).
• Employee Assistance Program.
• 401(K) plan.
• Health and Financial Wellness Programs.
• Paid Time Off including Paid Holidays and Floating Holidays.
• Paid Parental Leave.
• Education Reimbursement.
• Employee Recognition programs.
• Dominium Employee Emergency Fund.

Equal Employment Opportunity:

Dominium is committed to providing equal employment opportunities to qualified applicants and employees. Dominium prohibits employment discrimination on race, color, creed, religion, national origin, citizenship, sex (including sexual orientation and gender identity), pregnancy, marital status, familial status, status with regard to public assistance, disability, membership or activity in local commission, veteran status, military status, age, genetic information, union membership, use of lawful consumable products, or any other category protected by applicable state or federal law.