2027 Summer Development Internship

LIHTC Leaders; New York (NY); Hybrid; USD 41,000 - 55,000; Full time

Job summary

Jonathan Rose Companies in New York City is seeking a Summer 2027 Development Intern to learn the real estate development process and contribute to affordable and mixed-income housing projects.

The role is a full-time hybrid internship with a pay rate of $35 per hour. You will gain hands-on experience in due diligence, financial analysis, underwriting, and coordination across multidisciplinary teams to support project development.

Qualifications

• Enrollment in a Master’s degree program in real estate development or related field (must be enrolled).
• Bachelor’s Degree is a requirement.
• Ideal candidate will have education or work experience in real estate development, real estate finance, investment, architecture, urban planning, design and construction management.
• Candidate should demonstrate a strong interest in affordable housing finance and development.
• Knowledge of U.S. affordable housing programs (e.g., LIHTC, Section 8) is beneficial but not required.

Responsibilities

• Assist in managing multidisciplinary teams and coordinating projects.
• Assess new development opportunities through site due diligence, research, and financial analysis.
• Assist in the preparation of responses to public and private RFPs.
• Participate in project underwriting through the development of detailed financial models.
• Assist in preparing project financing applications.
• Review project design documents and cost estimates.
• Assist in project close-out activities during lease-up and stabilization of new developments.

Skills

Analytical skills

Real estate finance

Communication skills

Leadership experience

Excel

Education

Master’s degree program

Bachelor’s Degree

Tools

Excel

PowerPoint

Word

Job description

Location: New York, NY

Employment Type: Internship

Jonathan Rose Companies (“Rose”) is one of the country’s leading owners and developers of green affordable and mixed-income communities, demonstrating that a commitment to positive social and environmental impact is achievable at scale. Founded in 1989, Rose has created projects with more than $5 billion of value with a current portfolio of nearly 20,000 apartment homes in 14 states and Washington DC.

Our mission is to create a more environmentally thriving, socially just world through the development and preservation of green, affordable and mixed income housing. Our communities are models of cost-effective, green, transit-oriented urban development that set new industry standards, help change policies and direct funding towards scalable solutions.

Our Development Team produces beautifully designed, green affordable and mixed-income communities. Our buildings consistently set new benchmarks in sustainable design and provide a platform for social programming for our residents, including health, social service, education, culture, and recreation programs.

The Development Group is seeking a Summer 2027 Development Intern, based in our New York City office. The Intern will gain insight into the real estate development process and will learn tangible skills related to developing mission-driven affordable and mixed-income housing.

Please note a cover letter is required in addition to a resume.

This is a full-time hybrid internship with a pay rate of $35 per hour.

Role And Responsibilities

• Assist in managing multidisciplinary teams and coordinating projects
• Assess new development opportunities through site due diligence, research, and financial analysis
• Assist in the preparation of responses to public and private request for proposals (RFPs)
• Participate in project underwriting through the development of detailed financial models
• Assist in preparing project financing applications
• Review project design documents and cost estimates
• Assist in project close-out activities during lease-up and stabilization of new developments

Requirements

• Candidates must be enrolled in a Master’s degree program; real estate development or relevant field
• A Bachelor’s Degree is a requirement
• Ideal candidate will have education or work experience focused in one or more of the following areas: real estate development, real estate finance, investment, architecture, urban planning, design and construction management.
• Candidate should demonstrate a strong interest in affordable housing finance and development
• Knowledge and exposure to U.S. affordable housing programs (e.g., Section 42 Low Income Housing Tax Credits, Section 8, etc.) is beneficial, but not required

Skillset

• Self-motivated, driven and proactive with an established track record of getting things done effectively, efficiently, and independently.
• Capable with working in a fast-paced environment, both collaboratively with teammates, as well as managing tasks towards deadlines on your own
• Strong reading comprehension and writing skills. Demonstrate the ability to distill complex subjects into quantitative analysis and written summaries to support decision making
• Excellent analytical skills with a premium placed on real estate financing
• Excellent organizational, verbal, and written communication skills
• Demonstrated leadership experience and an entrepreneurial attitude is beneficial
• Meticulous attention to detail in task management systems, filing, budget management, due diligence reviews, and financial analysis
• Advanced skills in Microsoft Excel, with a working knowledge of Microsoft Word, and PowerPoint
• Proficient knowledge of building design and ability to review design drawings is beneficial

Rose Companies is committed in policy and practice to providing equal employment opportunities for all applicants and employees, based upon their training, experience, and overall qualifications. Consistent with this commitment, discrimination against an applicant or employee based upon the individual’s race, color, creed, religion, sex, gender, age, national origin, ancestry, citizenship status, marital or familial status, sexual orientation, gender identity, gender expression, disability, military status, protected veteran status, genetic information, or any other condition or characteristic protected by law is strictly prohibited.