Paul Carney

2001 Public Policy Summer Fellow

May 1, 2001
Graduate Degree:Harvard Kennedy School
Undergraduate Degree:Stanford University
Areas of Interest:Community and economic development
Mentor:Susan Tracy, The Strategy Group
Agency:Massachusetts Housing Finance Agency
Supervisor:Nancy Andersen, Massachusetts Housing Finance Agency
Project Description: Paul interned at the Massachusetts Housing Finance Agency where he underwrote loans for the Massachusetts Affordable Housing Trust Fund. The state legislature created the Trust Fund to provide funding for affordable housing projects throughout the state. The Fund receives $20 million a year, $14.5 million of which is administered by MassHousing. Fiscal Year 2001, which ended July 1, 2001, was the first year of the Trust. Paul worked with Andrew Winter, the development officer who runs the trust, to process the applications for Trust funding. This involved underwriting the projects and evaluating the quality of the proposed projects. Paul then presented the projects to the Selection Committee, which was responsible for approving the projects. In total he worked on 14 projects and the Trust Fund met its goal of committing all of its funds by the end of the fiscal year. In addition to underwriting projects, he also worked with Andrew to improve the processing and recording of projects for the second year of the Trust. This included the creation of a database for all of the projects submitted.