The Trent L. Garrett Fellowship supports diverse professionals to advance careers in real estate and community development.
Donor Name: Intend Indiana
State: Indiana
County: All Counties
Type of Grant: Fellowship
Deadline: 03/31/2023
Duration: 2 years
Details:
The mission of the Trent L. Garrett Fellowship is to support diverse professionals to advance careers in real estate and community development. The two-year fellowship program will enable recipients to develop real estate experience, learn about the development sector and financing tools, and build leadership skills.
Benefit and Opportunities
During the course of the fellowship, Fellows will be considered full-time employees of Intend Indiana. Fellows will receive a salary of $40,000 per year and a benefits package that includes medical/vision/dental insurance, matching 401(k), and paid time off.
Fellows will work with the Lending team and the Real Estate Development team of Intend to develop affordable housing and gain knowledge of lending operations. Fellows may also have the opportunity to work with partners as directed. A fundamental goal of the Fellowship is to provide each Fellow with a realistic and comprehensive experience of the community development field. Fellows will attend networking events, be offered mentorship opportunities, and have access to industry training and certifications. Fellows can expect to develop affordable housing strategies, assist with providing access to credit to business and low-to-moderate-income households, conduct market research, perform due diligence on projects, review and provide input on development plans and specifications, research best practices, contribute to marketing materials and prepare presentations.
Fellows will develop skills and experience in the following areas:
- Community Development History and Theory
- Community Outreach
- Project Management
- Construction Management
- Program Development
- Homebuyer Qualification, Education, and Barriers
- Property/Asset Management
- Analyzing loan applications
- Calculating amortization schedules, settlement statements, invoices
- Grant Writing / Management
- Project Budgeting
- Communications and Marketing
- Diversity, Equity, and Inclusion Training
- Data Gathering, Management, and Analysis
- Networking, job shadowing, and mentorship
- Partnership-building and development
During the course of the Fellowship, Fellows will have broad exposure to the following:
- Non-profit Accounting
- Non-profit Management
- Non-profit Governance
- Public / Private Partnerships
- For Profit Business Operations
- Real Estate Finance
- Underwriting – Residential and Commercial
- Financing and Deal Structuring
- Economic Development Finance
- Business Credit Analysis
- Loan Servicing and Portfolio Management
- New Markets Tax Credits / Capital Magnet Fund / Low Income Housing Tax Credits
- Fund Management and Development
Eligibility Criteria
Every two years, the Trent L. Garrett Fellowship is awarded to a highly motivated young professional who is a member of historically underrepresented ethnic and/or racial minority groups. Fellows should have an interest in real estate development, finance, community economic development, and/or neighborhood revitalization. Fellows will serve as full-time employees of Intend Indiana for up to two years.
For more information, visit Intend Indiana.
