Affordable Housing Compliance Specialist, California Division

3 weeks ago

Newport Beach, California, United States Institute of Real Estate Management Full time

About Institute of Real Estate Management

Institute of Real Estate Management is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing, logistics, and life sciences sectors. Headquartered in Charleston, South Carolina, Institute of Real Estate Management manages and operates more than $290 billion of real estate in 247 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Institute of Real Estate Management is the largest operator of apartments in the United States, manages more than 857,400 units/beds globally, and has a robust institutional investment management platform comprised of more than $76 billion of assets under management, including over $34 billion of development assets. Institute of Real Estate Management was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.

Job Description Summary

This position must be based in Southern California.

Responsible for evaluating and ensuring the Company's strict compliance with all rules and regulations set forth by the Affordable Housing Program (AHP) and other regulatory agencies.

Key Responsibilities

  • Establishes on-site and corporate processes surrounding compliance with all Affordable Housing Programs reporting and regulations. Works closely with the Regional Property Manager, Community Manager and Assistant Manager in the preparation and distribution of compliance reports to various governmental agencies and properties.
  • Conducts property file audits and reviews property procedures surrounding Affordable Housing Programs. Identifies audit findings and all formal issues of non-compliance and communicates those findings to the Regional Property Manager for resolution.
  • Reviews weekly occupancy and recertification reports for accuracy and communicates findings to the Regional Property Manager and Community Manager.
  • Develops and implements systems to monitor income limits and utility allowances. Assists the Community Manager to complete and process income and asset verifications, rent calculations and household certifications.
  • Designs and develops training collateral surrounding Affordable Housing Program regulations and compliance and delivers to on-site property management teams and corporate associates as required.
  • Reviews and monitors changes in regulatory and reporting provisions of government agencies, e.g., TCAC and HUD, etc. Disseminates this information to property management personnel both on-site and in the corporate office.
  • Liaisons with investors, Department of Housing and Urban Development (HUD), Public Housing Agencies (PHAs), state housing finance agencies and other regulatory agencies.
  • Assists as needed in the development of new business by responding to RFPs regarding properties with Affordable Housing Program and/or other government agency regulation components.
  • Completes various analyses and reports and performs other duties as assigned or as necessary.

Compensation and Benefits

The salary range for this position is $98,600 - $120,000 (Southern California region).

Additional Compensation:

  • Corporate Positions: In addition to the base salary, this role may be eligible to participate in an annual bonus program based on individual and company performance.
  • Onsite Property Positions: In addition to the base salary, this role may be eligible to participate in weekly, monthly, and/or quarterly bonus programs.

Benefits Package

  • Competitive Medical, Dental, Vision, and Disability & Life insurance benefits. Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
  • Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 10 paid holidays. Plus your birthday off after 1 year of service Additional vacation accrued with tenure.
  • For onsite team members, onsite housing discount at Institute of Real Estate Management-managed communities.
  • 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
  • 401(k) with Company Match up to 6% of pay after 6 months of service.
  • Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
  • Employee Assistance Program.
  • Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans.
  • Charitable giving program and benefits.

Institute of Real Estate Management will consider for employment qualified applicants with arrest and conviction records.

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