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The Role
Supports affordable housing portfolios by interpreting regulatory agreements, maintaining compliance systems, reviewing resident eligibility, updating rents and income limits, preparing reports, coordinating audits, and resolving noncompliance issues. The role communicates with property owners, management teams, funding agencies, and regulators, while managing multiple priorities and occasional travel.
Summary Generated by Built In
The Compliance Specialist reports to the Compliance Manager and is a member of a Team of Compliance professionals responsible for supporting affordable housing portfolios on behalf of external property owners. This includes working with internal and external stakeholders to ensure compliance with property specific regulatory agreements, applicable laws, and internal policies.
RESPONSIBILITIES
- Reviews property specific Regulatory Agreements to identify all applicable funding sources and corresponding regulatory requirements, owner and investor reporting requirements, rent parameters, etc, and ensures internal systems are appropriately aligned.
- Acts as the primary point of contact with the Compliance team for the properties they support, including communications with external property owners.
- Updates internal systems to reflect ongoing changes to income limits, rents and utility allowances.
- Reviews prospective resident files for income qualification and continued compliance.
- Works with property management and other stakeholders in preparation for external regulatory audits.
- Produces reports, materials, and other documentation as legally required, including to owner and regulatory authorities.
- Proactively identifies, reports and resolves any noncompliance matters.
- Effectively collaborates with lateral department managers, team members, and clients.
- Addresses and resolves any issues or challenges that arise promptly and efficiently.
- Participates in professional development activities which, from time to time may include travel and overnight stays.
EXPERIENCE
- Two to three years’ experience as a Junior Compliance Specialist or three years of affordable property management experience.
- One to two years’ experience in managing or conducting internal audits and affordable housing Compliance reviews.
- Has LIHTC, HUD, BOS & HOME certifications, or has the ability to obtain these certifications within the first 90 days of employment.
- Completed one lease-up in the affordable housing industry.
- Extensive knowledge of affordable housing programs.
- Experience working directly with affordable housing funding agencies, ownership entities, and management companies.
- Demonstrates strong mathematical proficiency.
- Yardi experience is preferred.
- Has a working knowledge of Windows and Office 2000 software: Excel, Word, and Outlook.
- Self-motivated and capable of working independently with minimal supervision
- Demonstrates the ability to manage multiple priorities.
- Possesses effective communication and people skills.
- Able to work some weekends and extended hours.
PHYSICAL REQUIREMENTS/WORK ENVIRONMENT
- Exposure to several types of weather conditions.
- Standing, walking, sitting
- Driving
- Operate computer and office equipment.
- Exempt
Skills Required
- Two to three years of experience as a Junior Compliance Specialist or three years of affordable property management experience
- One to two years of experience managing or conducting internal audits and affordable housing compliance reviews
- LIHTC, HUD, BOS, and HOME certifications, or ability to obtain them within the first 90 days
- Completed one lease-up in the affordable housing industry
- Extensive knowledge of affordable housing programs
- Experience working directly with affordable housing funding agencies, ownership entities, and management companies
- Strong mathematical proficiency
- Yardi experience
- Working knowledge of Windows and Microsoft Office, including Excel, Word, and Outlook
- Ability to work independently with minimal supervision
- Ability to manage multiple priorities
- Effective communication and people skills
- Ability to work some weekends and extended hours
- Ability to drive and operate computer and office equipment
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The Company
What We Do
National CORE is a US non-profit community builder committed to transforming communities through high-quality affordable housing, family/senior services, and long-term ownership.
