2025 Summer Undergrad Internship Program

The Community Preservation Corporation (CPC) is a nonprofit multifamily finance company that was founded in 1974 to provide financial and technical resources to stabilize and revitalize underserved communities in New York City. Today, CPC operates nationally and stands as one of the largest Community Development Financial Institutions (CDFI) Fund in the country solely committed to investing in multifamily housing through its construction lending, mortgage lending and equity investing businesses. CPC uses its decades of expertise in housing finance and public policy to expand access to affordable housing and drive down the costs of housing production, advance diversity and equity within the development industry, and address the effects of climate change in our communities through the financing of sustainable housing.

Since its founding, CPC has invested over $15 billion to finance the creation and preservation of more than 230,000 units of housing and has approximately 4,500 affordable units under ownership. CPC is a carbon neutral company and has been rated AA- by S&P. Visit CPC at communityp.com , and on Facebook , LinkedIn and X .

What Your Internship Will Look Like At CPC

• The Summer Internship program runs: Monday, June 2nd – Friday, August 8th, 2025.
• Lunch and Learn sessions (lunch provided) throughout the summer to learn more about the various functions and departments within CPC.
• Tours offered to view current properties and construction projects throughout NY state.
• Service Day – a chance for employees to get out of the office, spend time with colleagues and give back to the community.
• Bi-weekly check ins with intern group and CPC leaders to stay connected.
• We provide a hot breakfast 3x week, including snacks and drinks.
• This is a full-time, hybrid intern program: you will work from our office at least three days a week, with a remote option up to two days a week. $20 / hour pay rate, 35 hours / week.
• All interns will be based in the NYC Office (near Grand Central), except for two interns who will be based in the Chappaqua Office (480 Bedford Road, Chappaqua, NY).
• Interns based in the Chappaqua Office will work from that office location at least three days a week and be expected to commute to the NYC Office three-four times during the ten-week internship program for orientation, site visits and a final intern presentation.
• Applications Deadline: January 31, 2025.
  
  

We are seeking interns for each department / function listed below:

• ACCESS – NYC Office
  
  

The ACCESS team is seeking an individual interested in working collaboratively across the CPC platform providing exposure to all tools and products intended to empower BIPOC developers with both human and financial resources. This person should possess basic knowledge in presentation functionality utilizing Excel and PowerPoint applications. The intern will provide support for all ACCESS programming inclusive of community engagement activities, conferences, and speaking engagements. The ACCESS intern will have an opportunity to interface with internal and external partners by providing logistical and technical support to the ACCESS team.

• Construction Loan Administration – NYC Office
  
  

The Construction Loan Administration intern will learn how to set-up new loan files in our Strategy System, run weekly insurance analyses and maintain current insurance policies for the entire portfolio, maintain and monitor collateral database and Letter of Credit portfolio to ensure regulatory compliance, maintain and monitor all suspense loan fund accounts as well as manage and monitor all cross collateralized loan documentation, including the tracking of and correspondence with external banks. We are looking for an intern who will provide superior customer service to internal and external clients.

• Credit – NYC Office
  
  

Credit, and Construction Portfolio and Risk Management teams are responsible for reviewing and approving on-balance sheet loans, managing the portfolio ($1.47BB), and ensuring that construction risk is addressed and mitigated throughout the loan’s lifecycle. The intern will learn the ins and outs of construction financing, affordable housing and loan management. Specific projects may include building out databases of third-party vendors for construction review and monitoring, portfolio data input and analysis, and exposure to credit review and assessment.

The intern will gain an understanding of the mechanics and structure of affordable housing financing, analytical skills, hand on experience through site visits, and working with a great team.

• Finance – NYC Office
  
  

The Finance intern will gain a comprehensive understanding of essential corporate finance principles. Through the program, the intern will develop proficiency in various areas including budgeting, forecasting, modeling, reporting, and analysis. The program consists of financial planning and analysis, systematic support for CPC's businesses, corporate-level presentations, and leveraging diagnostic tools to streamline and enhance analyses. Moreover, the intern will gain an understanding of how affordable housing lenders collaborate with capital markets to provide investment in underserved communities. By the end of the program, the intern will possess the skills and knowledge necessary to enter a corporate finance position.

• Human Resources – NYC Office
  
  

The Human Resources (HR) intern will support HR initiatives, particularly in talent acquisition and Diversity, Equity, Inclusion and Belonging (DEIB) projects. The intern will assist in creating a database of schools and organizations for targeted recruitment and help with job postings on platforms like ADP, LinkedIn, and ZipRecruiter. They will also engage in research-based tasks to understand the local recruitment market, develop best practices for using an applicant tracking system, and recruitment process to hire top talent. In support of our DEIB initiatives, the intern will collaborate with the DEIB Council, contribute to the development of internal resources, conduct research on industry best practices, support the management of a digital SharePoint library, and help build an inclusive and welcoming environment for all employees.

We are seeking an intern with a strong interest in talent acquisition and DEIB, who has research skills and the ability to analyze and synthesize information from diverse sources. The ideal candidate will also possess strong written and verbal communication skills, organizational abilities, and a keen attention to detail.

• Policy – NYC Office
  
  

The Policy team is seeking a summer intern with an interest in housing policy issues in New York City, State, and nationwide; and an interest to learn about policy solutions that increase affordable housing, close the racial wealth gap, and decarbonize buildings. Over the summer, the Policy team will work on defining CPC’s legislative priorities for FY26 and an intern will play an important role in the background research and data analysis needed to inform these priorities. There will also be the opportunity to explore federal housing policy and regulation in order to inform our federal policy strategy.

An ideal intern will be comfortable working with budget documents, legislative text, and quantitative data, with strong research and writing skills and the ability to distill big issues down into an easily digestible format.

• Operations – NYC Office
  
  

The Operations team is seeking an intern with an interest in the broad spectrum of functions that fall under the Chief Operating Officer: permanent portfolio servicing, facilities management, technology (cybersecurity, originations, servicing, CRM and AI), and enterprise-level project, data, compliance, insurance and risk management. The right candidate will interface daily with CPC’s proprietary systems and databases to support the automation of processes through assigned research and data validation activities. The internship will include internal and external operations networking and educational opportunities, such as partnering cross-functionally on audits, attending curated training events and interactions with top leaders for career development guidance.

The successful intern will have a desire to learn more about operations in the CDFI and housing finance industries. Their contributions will aid our team in identifying innovative solutions to existing challenges, while also making suggestions on how to improve operational efficiencies. The intern will collaborate with stakeholders to define and document technical requirements for business solutions. Analyze business processes, gather requirements, and create detailed specifications. Support development, testing, and implementation of new systems. Candidates should have a solid foundation in data analytics, proficiency in Microsoft Office Suite (Excel, PowerPoint, etc.), effective communication skills, introductory knowledge of project management, and an interest in cross-departmental collaboration and the behind-the-scenes work that drives organizational success. Additionally, foundational data and business analytics skills, along with experience in data analysis tools (SQL, Tableau), knowledge of software development methodologies (Agile, Waterfall), exposure to project management tools (SmartSheets), and experience with CRM systems (HubSpot, Salesforce) are considered a plus.

• CPC Climate Capital – Risk & Asset Management – NYC Office
  
  

CPC Climate Capital is seeking an intern who is interested in advancing sustainability and high performance in multifamily housing nationwide. The intern will assist with responsibilities such as reviewing underwriting materials, supporting administrative processes for asset servicing, and reviewing project performance from credit and energy perspectives. The intern may also utilize data analysis and visualization skills to support portfolio reporting, develop templates, and create impactful insights about CPC Climate Capital’s investments. Additional tasks may involve quality assurance and control reviews, as well as organizing and maintaining files in SharePoint. Ideal candidates will have experience in data and financial analysis, particularly cash flow modeling for multifamily housing, and possess strong analytical reasoning, effective communication, and attention to detail. This role offers a unique opportunity to contribute to investments that reduce greenhouse gas emissions, promote equity, and support affordable housing initiatives.

• CPC Climate Capital – Communications and Market Building – NYC Office
  
  

CPC Climate Capital is seeking a Communications and Market Building intern who is interested in advancing sustainability and high performance in multifamily housing nationwide. This role offers experience in digital marketing, content creation, and communicating impact, among others. The intern will assist with impact reporting by updating communications metrics and coordinating with leadership and communications teams. Other responsibilities include researching conferences and trade shows, maintaining the team’s event tracker, and supporting external event planning. The intern will also contribute to digital marketing efforts, including social media, email campaigns, and display ads, while supporting the creation of market-building content such as case studies, blog posts, and white papers. The ideal candidate will have strong organizational skills, attention to detail, and a passion for storytelling that amplifies the impact of climate investments. This internship offers a valuable opportunity to develop communications expertise while supporting investments that reduce greenhouse gas emissions, promote equity, and support affordable housing initiatives.

• Agency Asset Management, Servicing, and Loan Surveillance Operations – Chappaqua Office
  
  

The Agency Asset Management team seeks an intern to join our Chappaqua, NY office and gain hands-on experience in a dynamic and fast-paced environment. This role offers a unique opportunity to work closely with asset managers, asset management analysts, and servicing portfolio administrators overseeing multifamily assets, learning key aspects of portfolio performance, property inspections, risk analysis, servicing operations, GSE loan surveillance, and reporting requirements. The ideal candidate will contribute through targeted risk management, data entry, and CPC’s Agency portfolio analysis while engaging with internal systems and processes that drive excellence in asset management. This internship includes exposure to collaborative projects, audit participation, and opportunities to engage with CPC’s leadership for career development and industry insights. We encourage you to apply if you want an immersive and hands-on experience and if you are interested in comprehensively understanding GSE Agency Asset Management, Servicing, and Loan Surveillance Operations while building valuable skills for the future.

• Hudson Valley Field Office – Chappaqua Office
  
  

The Hudson Valley Field Office Intern will collaborate with the Hudson Valley Office and the Climate Friendly Homes Fund (CFHF) program team on facilitating the closing of CFHF grants and CPC loans. This intern will have responsibilities related to the field office and the Climate Friendly Homes Fund.

General Field Office Responsibilities include performing market research for mortgage offerings and assisting Mortgage Officers with loan narratives, working on closing checklists with the Assistant Mortgage Officer to ensure closing packages contain accurate and consistent information, assisting with field office inspections of construction and renovation projects, performing credit and reference checks on borrowers and contractors, and performing other administrative duties as required.

The Climate Friendly Homes Fund provides financing for existing buildings in New York State with a focus on replacing older, less energy efficient systems with all-electric, high-performance heating, cooling, and hot water heating systems. With $250 million in New York State funding, CPC and New York State Homes and Community Renewal (HCR) aim to finance electrification retrofits in at least 10,000 units of multifamily housing that serve economically disadvantaged communities. With this goal in mind, the intern will assist in building educational resources for building owners, developers, and contractors on heat pumps and electrification. The intern will also help with file management, marketing and outreach, loan underwriting, and overseeing projects in the pipeline.

Overall, the intern will gain experience in both affordable housing lending, as well as building sustainability and the energy transition. We are looking for an intern who is organized, has great communication skills, is open to learning, and is willing to collaborate with a team.

This is a full-time, hybrid intern program where you will work from our New York City office at least three days a week, with a remote option up to two days a week. $20 / hour pay rate, 35 hours / week.

During the application process you will be asked to indicate which function you are most interested in. Please indicate 1-3 areas that would be suitable for your interests and education focus.

The Community Preservation Corporation is an Equal Opportunity Employer and all employment-related decisions including recruitment, selection, evaluation, promotion, compensation, training and termination are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status.