Compliance Specialist

4 weeks ago


Reston, Virginia, United States Pratum Companies Full time
Job Description

Compliance Specialist

The Compliance Specialist will be responsible for ensuring compliance with Department of Housing and Urban Development (HUD) Programs, Low-Income Housing Tax Credits (LIHTC), and other regulatory requirements. This role will act as the liaison with various governmental agencies and housing authorities.

  • Maintain property waiting lists
  • Oversee completion of certifications to ensure compliance with applicable Affordable Programs
  • Monitor re-certification process to ensure timely completion
  • Ensure all documentation used by site staff is up-to-date and compliant
  • Ensure community staff follows procedural guidelines for administering and maintaining compliance with all affordable housing programs
  • Assist community staff in preparing for MOR, LIHTC, and other relevant agency reviews
  • Update state monitoring databases monthly as required
  • Monitor EIV compliance, including timely report generation and site review of discrepancies
  • Ensure correct usage of income and rent limits, as well as utility allowances
  • Assist HAP Administrator with rent increase implementation, including oversight of utility allowance baselines
  • Collaborate with compliance and operations leadership on policy and procedure updates
  • Provide superior customer service by promptly responding to incoming calls, messages, and emails
  • Support company goals and action plans

Requirements:

  • At least 3 years of affordable housing experience related to tax credit and Section 8 programs
  • Working knowledge of RealPage and Yardi software
  • Strong knowledge of the IRS 8823 Guide and HUD Manual 4350.3
  • Formal training and/or certification in related field required (COS or CPO)
  • Ability to work in a fast-paced environment

Certifications: Formal training and/or certification in related field necessary (HCCP, SHCM, C3P, COS, CPO, BOS or equivalent)

Education: A college degree is preferred, but not required. The position requires the ability to read and write English fluently, accurately perform mathematical functions, and understand and perform all software functions.

Professional Experience: A minimum of three (3) years of experience in compliance monitoring of HUD-assisted & LIHTC multifamily housing properties.

Skills: Strong written and verbal communication skills, proficient in Microsoft Word, Excel, and Outlook, strong knowledge of LIHTC and HUD regulations, ability to work in a fast-paced environment, and ability to take charge and ownership of projects.

Computer Skills: Intermediate-advanced knowledge of computers, MS Office, OneSite, Yardi, and ability to develop advanced knowledge of other programs or systems as needed.



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