Affordable Housing Compliance Specialist
6 days ago
This position will support Equity Residential's affordable housing initiatives, focusing on compliance and program management for various communities.
As a key member of our team, you will be responsible for ensuring that our affordable housing programs meet regulatory requirements and company obligations.
Key Responsibilities- Program Management: Develop, maintain, and disseminate policies and procedures to ensure compliance with local affordability restrictions, including income certifications, marketing and tenant selection plans, application processes, waitlist management, leasing, turnover, and reporting.
- Compliance Oversight: Document and interpret the requirements associated with affordable programs in place, perform oversight of program requirements to ensure the company's obligations are fulfilled.
- Training and Support: Conduct training and onboarding for on-site team members who are responsible for compliance with affordable programs.
- Regulatory Relationships: Foster and maintain relationships with regulatory oversight agencies and on-site property teams, regional leaders, and investment officers.
- Reporting and Analysis: Own program reporting, including preparing reporting packages to ensure that periodic reporting is accurately completed and timely submitted.
- Strategic Planning: Recommend affordable compliance strategy for new lease ups related to compliance requirements, advertising, and lottery processes.
- Staying Current: Stay abreast of legislative and regulatory changes that impact the assigned affordable portfolio.
A high school diploma is required. Some college or a college degree is preferred. Two years of experience with affordable housing administration in a residential property management setting is required. Experience with affordable housing programs such as LIHTC, Tax Exempt Bond, inclusionary housing or density bonus programs is preferred.
Excellent communication, interpersonal, and organizational skills are necessary to be successful in this role. Proficient computer skills are required, including navigating in a Google environment. Experience with spreadsheets, email, and residential management systems is preferred.
A valid driver's license and means of ground transportation for local travel are required.
What We OfferWe recognize everyone has different needs outside of work. That's why, in addition to a competitive benefits package, we offer many unique options to employees, like adoption benefits and paid time off for community service projects.
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