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Compliance Specialist (Affordable Housing/Multi-Family Property Management)

Pratum Companies
United Statesfull_timeVerifiedPosted 8 Oct 2024
💰 $43,680/yr

About the role

Compliance Specialist (Multi-Family Affordable Property Management)

The Compliance Specialist will be responsible for maintaining compliance with Department of Housing and Urban Development (HUD) Programs, Low-Income Housing Tax Credits (LIHTC) and  other regulatory requirements of their assigned portfolio. The position will act as the liaison with various governmental agencies and housing authorities. 


Essential Duties and Responsibilities: 

  • Maintain property Waiting list
  • Oversees completion of certifications to ensure they are compliant with applicable Affordable Programs including Move-Ins, Annual Recertification, Gross Rent Changes, and Initial Certifications.
  • Monitoring Re-certification process to ensure community staff is completing the required certifications timely
  • Ensure all documentation used by site staff is up to date and compliant with the governing agency
  • Ensure community staff is following procedural guidelines to administer and maintain compliance with all affordable housing programs (Including but not limited to the HUD Programs and LIHTC Programs).
  • Assist community staff in the preparation for MOR, LIHTC and other relevant agency reviews.
  • Ensure the state monitoring databases are updated monthly as required
  • Monitor EIV Compliance including ensuring reports are run timely and track site’s review and investigation of discrepancies.
  • Ensure correct usage of income and rent limits as well as utility allowances.
  • Assist HAP Administrator with implementation of rent increases including assistance in oversight of utility allowance baselines
  • Collaborate with compliance and operations leadership on policy and procedure updates and implementation.
  • Provides superior customer service by promptly responding to all incoming calls, messages, and emails in a professional, respectful manner
  • Support company goals and action plans.
  • Other tasks or duties as assigned by supervisor.

Job Requirements:
  • Other tasks or duties as assigned by supervisor.
  • At least 3 years of affordable housing experience related to tax credit and Section 8 programs
  • Working knowledge of the software RealPage and Yardi
  • Strong knowledge of the IRS 8823 Guide as well as the HUD Manual 4350.3
  • Formal training and/or certification in related field required (COS or CPO)
  • Ability to work in a fast-paced environment

Certifications:  
Formal training and/or certification in related field necessary (HCCP, SHCM, C3P, COS, CPO, BOS or equivalent). 

Education:  A college degree is preferred, but not required.   The position requires the ability to read and write English fluently, the ability to accurately perform mathematical functions and the ability to understand and perform all software functions. 

Professional Experience:  A minimum of three (3) years of experience in compliance monitoring of HUD-assisted & LIHTC multifamily housing properties. 

Skills:  The position requires, but is not limited to, the following:
  • Strong written and verbal communication skills
  • Proficient in Microsoft Word, Excel and Outlook
  • Strong knowledge of LIHTC and HUD regulations<

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Company

Pratum Companies

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