What are the responsibilities and job description for the Compliance Specialist position at Green Alpha Property Management?
At Green Alpha Property Management, we exist to create value in every life that we touch - and by joining our team, you'll be part of an organization that is making a tremendous difference in the communities that we serve.
Green Alpha Property Management is the property management business of a real estate investment firm headquartered in Raleigh, NC and with a growing presence in the Southeast United States. We specialize in acquiring, managing, and enhancing commercial real estate properties with a foundation centered on improving the lives of our stakeholders. Due to our large scope of properties, there are many different avenues for career progression.
About the Role:
The Compliance Specialist supports Green Alpha Property Management by ensuring properties remain fully compliant with Low-Income Housing Tax Credit (LIHTC) and regulatory requirements. This position requires an affordable hosing professional with at least five years of conducting resident files reviews for new residents and recertification on existing residents on a multi-site portfolio. Industry certifications in LIHTC compliance are highly desirable. The annual salary is $60,000 - 65,000.
Responsibilities:
LIHTC File Review and Analysis
- Review applicant and resident files to ensure compliance with LIHTC income and eligibility requirements.
- Verify accuracy and completeness of certifications, recertifications, income calculations, asset documentation, student status, and household composition.
- Identify compliance risks, discrepancies, and potential noncompliance issues.
- Complete reviews within required timeframes and escalate issues when necessary.
LURA and Regulatory Analysis
- Review and analyze Land Use Restriction Agreements (LURAs) to understand property-specific affordability requirements, set-asides, income limits, rent restrictions, and compliance periods.
- Apply LURA requirements consistently during file reviews and compliance monitoring.
- Assist internal teams in interpreting LURA provisions and identifying potential compliance risks.
Compliance Monitoring
- Monitor ongoing compliance with LIHTC requirements, including income limits, rent limits, and utility allowances.
- Support preparation for state housing agency reviews, audits, and monitoring visits.
- Assist with internal compliance reviews and quality control efforts.
Communication and Technical Support
- Serve as a compliance resource for site staff by responding to LIHTC-related questions.
- Provide clear, written feedback on file deficiencies and corrective actions.
- Communicate compliance requirements in a practical and supportive manner.
- Follow up to ensure identified issues are resolved and properly documented.
Documentation and Reporting
- Maintain accurate records of file reviews, findings, and resolutions.
- Support compliance tracking, reporting, and documentation standards.
- Contribute to process improvements and best practices within the compliance function.
Qualifications:
- 5 years of experience required in LIHTC compliance, including household file review and certification auditing.
- Strong working knowledge of LIHTC program requirements and affordability restrictions.
- High attention to detail with strong time management and organizational skills.
- Experience interpreting and applying LURAs and regulatory agreements.
- Ability to work independently and collaboratively.
- Strong written and verbal communication skills.
- Demonstrated flexibility, follow-through, and sense of urgency in addressing compliance issues.
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Paid time off
- Retirement plan
- Vision insurance
Job Type: Full-time
Pay: $60,000.00 - $65,000.00 per year
Work Location: In person
Salary : $60,000 - $65,000