Summer Internship – COMMUNITY INVESTMENT An internship with The Federal Home Loan Bank of Chicago is not like your average internship. We can offer you a dynamic, collaborative, and team-focused environment you won't find anywhere else. You will be engaged in projects that will provide you with real world, hands-on experience in the exciting world of financial services. We are currently seeking a summer intern to work in our Community Investment Group. Who are we you ask? We are a federally chartered corporation and one of 11 Federal Home Loan Banks (FHLBanks) that, with the Office of Finance, comprise the Federal Home Loan Bank System. The FHLBanks were chartered by Congress under the Federal Home Loan Bank Act of 1932 to improve the availability of funds to support home ownership. Each FHLBank is cooperatively owned by member financial institutions in its district and operated as a separate entity with its own management, employees, and board of directors. Our district consists of the states of Illinois and Wisconsin. We are regulated by the Federal Housing Finance Agency, an independent federal agency. The Community Investment internship will involve the following: The primary responsibility will be the review of competitive Affordable Housing Program (AHP) applications for homeownership and rental projects, including comprehensive financial feasibility analyses. The secondary responsibilities may include performing housing policy research, analyzing program data, and/or contributing to market analyses. REQUIREMENTS Applicants should be enrolled in a graduate program at an accredited institution Should have a GPA of at least 3.0 and be in good academic standing. Transcripts will be requested Desired fields of study include urban planning, real estate, public administration, or related disciplines. Internship will start no later than mid-May 2018 and will continue through August 2018; potential exists for the internship to convert to part-time from September through November 2018. The ideal candidate will have:Strong time management skills and the ability to work both independently and collaboratively Critical and objective thinking with acute attention to detail Excellent written and oral communication skills Advanced proficiency in Microsoft Excel Completed at least one class in housing finance
The Federal Home Loan Bank of Chicago is a $72.0 billion wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to improve the availability of funds to support home ownership. The FHLB Chicago is a member-owned cooperative serving members in our district of Illinois and Wisconsin. All federally insured depository institutions, insurance companies engaged in residential ...housing finance, credit unions, and community development financial institutions located in our district are eligible to apply for membership. Today, the FHLB System, which is regulated by the Federal Housing Finance Agency, has more than 7,500 members.
The FHLB Chicago strives to be a valuable partner to our member financial institutions in Illinois and Wisconsin during all phases of financial and economic cycles. The mission of the Federal Home Loan Bank of Chicago is to partner with our member shareholders in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for community investment activities.
The Federal Home Loan Bank of Chicago is committed to diversity at all levels of our organization from the employees we hire to the programs, institutions, and businesses we support. Our goal is to recruit, hire, and develop talented staff and to offer a work environment that allows them to do their best work.