Compliance Specialist

POSITION SUMMARY

The Compliance Specialist is an individual contributor without supervisory responsibility that has compliance responsibilities in support of a multi- state portfolio which will consist of approximately 7 properties and 1,000 affordable Section 8 and Low-Income Housing Tax Credit multifamily units in the Indianapolis, Indiana Metro area. The Compliance Specialist works remotely, traveling to attend team meetings and to visit sites as needed. The ideal candidate will be based within driving distance of the portfolio. The Compliance Specialist reports to the Corporate VP of Compliance.

ESSENTIAL FUNCTIONS

• Conduct file reviews for compliance with applicable affordable housing type(s) (e.g., Section 8 Project Based and Housing Choice Voucher (HCV), Internal Revenue Code Section 42 Low-Income Housing Tax Credit Program, etc.) remotely and at specific properties as needed during audit preparation or lease ups.
• Prepare reports summarizing file items of non-compliance and work with site office staff to correct deficiencies.
• Manage site office staff access to the Department of Homeland Security, U.S. Citizenship and Immigration Services’ (USCIS)’s Systemic Alien Verification for Entitlements (SAVE) program.
• Review Enterprise Income Verification (EIV) reports and assist site office staff with resolving discrepancies, submitting special claims, and ensuring monthly HAPs are transmitted and posted
• Prepare and submit reports as required by state regulatory agencies and syndication partners.
• Assist site office staff with TRACS error resolutions.
• Perform other job-related duties as required.

QUALIFICATIONS: SKILLS & ABILITIES

• Industry-specific certifications in HUD and Tax Credits required which may include Certified Occupancy Specialist (COS - NAHMA), Tax Credit Specialist (TCS - NAHMA), Certified Credit Compliance Professional (C3P – Spectrum), Assisted Multifamily Housing Manager (AHM – Quadel) or comparable.
• Hands on, direct working knowledge of affordable housing programs and systems, to include Section 8/236, Low Income Housing Tax Credit (LIHTC), HUD’s Enterprise Income Verification (EIV) System, Secure Systems and Tenant Rental Assistant Certification System (TRACS), as well as Fair Housing, VAWA, and Section 504 Compliance.

Understanding of and experience complying with HUD Handbook 4350.3 requirements

• Experience with affordable Property Management Software (RealPage preferred, or Yardi, MRI/Boston Post)
• Experience working with and reporting to regulating agencies to include HUD, Public Housing Agencies, and State Housing Finance Agencies (HFA), specifically.
• Ability to work independently with consistently high level of attention to detail
• 5-7 years of affordable property management experience, preferably at communities with layered LIHTC and Project-based Section 8.
• Competency in reading and understanding complex laws, regulations, codes and standards related to federal, state and local compliance and reporting requirements.
• Propensity to accept responsibility and be held accountable for his/her actions.
• Capability to utilize available time to organize and complete work within given deadlines.
• Ability to travel 10%-20% of the time and effectively manage travel expenses.

This job description is subject to change, and at no time should be construed to be all inclusive.

Salary : $73,000 - $78,000