Compliance Specialist

Fairstead is a purpose-driven real estate firm dedicated to building sustainable communities across the country. Headquartered in New York, with offices in Colorado, Florida, and Washington DC, Fairstead owns a portfolio of more than 25,000 apartments across 28 states that includes 25,000 units under management. Fairstead’s commitment to communities is realized through a comprehensive platform that leverages in-house expertise in acquisitions, development, design and construction, asset management, and property management.

Fairstead’s primary mission is to provide high quality housing to all regardless of income, and to make our stakeholders feel “Right at Home.” We accomplish this through an empathetic and innovative approach, and by utilizing our interdisciplinary platform as an investor, developer, owner, and operator.

Fairstead’s Core Values: Innovation, Determination, Integrity, Humility, Empathy and Partnerships

The Compliance Specialist reviews all resident files within the portfolio and applies knowledge of regulatory requirements for properties to ensure compliance standards are met. This position serves as the primary point of contact for overseeing compliance, responding to HUD concerns, and providing outreach to the property. 

RESPONSIBILITIES: 

• Process initial, annual, and interim recertifications and calculate retroactive rent while conforming to HUD regulations. 

• Calculate rents for annual and interim recertification. 

• Identify households with income reporting discrepancies and make rent adjustments. 

• Review applicant files and determine Section 8 eligibility. 

• Follow LIHTC and Section 8 guidelines. 

• Notify residents of upcoming recertifications. 

• Schedule initial interviews for recertifications. 

• Prepare third party verification forms. 

• Maintaining residents’ files and paperwork. 
• Review tenant ledgers for arrears.  
• Performs other related duties as required. 

BENEFITS: 

• Generous employer contribution for Medical and Dental through United Healthcare. 

• Employer Paid Vision Plans. 

• Company Matched 401(k) Retirement Plan: 100% of the first 3%; 50% of the next 2%. 

• 12 paid Holidays. 

• 15 days of PTO. 

• 7 Sick days. 

• Employer Paid Life Insurance. 

• Flexible Spending Account. 

• Nationwide Pet Insurance. 

• Disability Insurance. 

• Laser Correction Discount. 

• Employee Discounts on appliances, apparel, and more. 

QUALIFICATIONS: 

• Knowledge of Section 8, LIHTC and HUD.  

• Knowledge of HUD/Public Housing/Tax Credit policies and procedures.  

• Experience with EIV reports.  

• Detail-oriented and the ability to operate on a deadline-driven schedule.  

• COS certification.  

• Experience with MOR.  

• Experience with Yardi   

• People skills and superior communication skills.   

• Proficient in Microsoft Office Suite.   

• Possess strong organizational, analytical, and problem-solving skills   

• Notary Public is preferred. 

Diversity in backgrounds and experiences is key to Fairstead’s success. Being an equal opportunity employer is a central tenet of our philosophy that shapes who we are and the communities we serve. Our goal is to ensure competitive total compensation that is commensurate with experience, location, and other market benchmarks.