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