Compliance Specialist, Affordable Housing
4 weeks ago
The Compliance Associate will be a core member of the RB Compliance team, assisting in all compliance aspects of LIHTC, HOME, Section 8, and Rent Stabilization laws. This role requires a detail-oriented and organized individual with a strong understanding of affordable housing regulations and compliance procedures.
Key Responsibilities
Work directly with applicants for affordable housing to request and obtain required documentation.
Review and calculate applicant-provided income and asset information.
Analyze documentation to determine if follow-up information is required; organize applicant files in the designated order.
Maintain detailed logs of applicant files in process; track deadlines for applicant submission of required documents.
Complete and send the 3rd party verifications on a daily basis.
Follow-up and contact the 3rd parties (such as employers and bank institutions) to get the 3rd party verifications returned by fax/e-mail or to seek verbal clarification.
Process files and prepare the Tenant Income Certification form (TIC) in accordance with City, State, and Federal program guidelines.
Conduct Lease signings; post lease renewals in Yardi.
Assist with the preparation of site audits.
Assist with the LIHTC rent up.
Assist with the preparation Annual Owners Certifications.
Assist with tracking and corrections of any 8823s.
Assist with the preparation of HOME Annual Owner Certifications.
Pre-audit LIHTC and HOME tenant files; perform in-house file audits after recertification period.
Assist with examining files prior to compliance annual audits.
Prepare reports as needed.
Submit Affordable Remediation for Tax Credit and Home Compliance.
Train/educate staff on compliance rules and regulations.
Serve as point person on Rent Caf trouble shooting.
Assist management with any necessary administrative work within the marketing department as needed.
Requirements
Familiar understanding of the LIHTC and preferred experience in affordable housing, specifically maintaining compliance of Low-Income Housing Tax Credit programs.
Prior experience working with affordable housing eligibility and compliance a plus.
Prior experience in compliance, eligibility, auditing, bookkeeping, or other related field desired.
Detail Oriented and organized.
Flexibility, creativity, and initiative to work both independently and as part of a team.
Ability to interact effectively with all levels of staff and tenants.
Proficiency in Microsoft Office-including Word, Excel, Access, and Outlook.
Tax Credit specialist certificate is a plus.
Yardi experience preferred.
Education and Experience
High School diploma or equivalent required.
Associates Degree preferred.
RiseBoro Community Partnership is an equal opportunity employer and welcomes applications from diverse candidates. We are committed to creating an inclusive work environment that values diversity, equity, and inclusion. If you are passionate about affordable housing and compliance, we encourage you to apply for this exciting opportunity.
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Brooklyn, New York, United States RiseBoro Community Partnership Full timeJob SummaryThe Compliance Associate will be a core member of the RB Compliance team at RiseBoro Community Partnership. This role will assist/participate in all compliance aspects of LIHTC, HOME, Section 8 and Rent Stabilization laws. The ideal candidate will have a familiar understanding of the LIHTC and preferred experience in affordable housing,...
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