Finance Authority of New Orleans
FANO was created by the City Council of New Orleans in 1978 under the provisions of the Louisiana Public Trust Code (La. Revised Statutes 9:2341-47). FANO was originally called the “New Orleans Home Mortgage Authority” but changed its brand in 1999. FANO is not a department or division of the City of New Orleans but its seven-member Board of Trustees is appointed by the City Council of New Orleans.
Since 1978, FANO has financed more than $630 million worth of mortgages and down payment grants for more than 7,800 first-time homebuyers and low to moderate income families throughout Orleans Parish. In addition to financing single family housing, FANO provides financing for multi-family housing, neighborhood infrastructure and small businesses.
The Finance Authority of New Orleans is offering an internship opportunity for a highly-motivated undergraduate or graduate student interested in creating innovative solutions for affordable housing and economic development. The intern will primarily support the VP of Programs with the high-quality design, delivery, management, and evaluation of FANO’s products and programs.
Potential projects include:
- Conduct a social and economic impact analysis on potential large-scale, place-based developments focused on affordable housing, business development, job growth, and wealth creation
- Research financing and grant options to support single-family and multifamily loan products under development
- Assist with the creation of partnership structures for the development of homeownership and rental housing
- Assist with the research and development of financing options to support public infrastructure that is green, sustainable and resilient
Position Qualifications
- Current undergraduate or graduate student.
- Ability to work independently, organize, prioritize, and perform job responsibilities.
- Ability to maintain excellent customer relations and communications.
- Demonstrated experience in data management, word processing and spreadsheets.
- Proven ability to manage multiple people, programs, special projects, and organizational priorities.
- Sensitivity to and experience working with diverse communities, individuals, government agencies and organizations.
Funding Information
Funding for this internship will be available through the Wharton Social Impact Initiative.
How to Apply
If interested, please contact Sherryl Kuhlman, Managing Director, Wharton Social Impact Initiative at kuhlmans@wharton.upenn.edu