Compliance Manager

Description

• Assist, as needed with the completion of the Tenant Selection Plan (TSP), Affirmative Fair Housing Marketing Plan (AFHMP) and Language Assistance Plan (LAP) for property start-ups as well as any other documents as required
• Assure a leadership role with the development and implementation of new property start-ups to maximize LIHTC credits, ensure all units are qualified on-time while maximizing rent and meeting all regulatory requirements for each of the affordable housing program(s) committed to by the site.
• Create Yardi software set-up matrix for all new deals and transactions. Complete quality assurance on software after set-up to determine compliance with all programs, mapping of units, transfer rules, income limits, set-asides, applicable fractions, preferences
• Create a summary of property specific requirements from the management agreement and Regulatory & Operating agreement, LURA and any other restrictive covenant or funding source requirement
• Read and understand all the regulatory documents, disseminating the information for use by property management
• Review audit findings and assist in overseeing successful, timely resolutions to investor, state and federal monitoring agencies’ findings of non-compliance
• Support Vice President of Property Operations (VPO) and Portfolio Operation Manager (POM) in developing and deploying training and corrective action plans based on internal or external audit findings
• Provide property specific occupancy and reporting requirements to Vice President of Operations (VPO), Portfolio Operations Manager (POM) and property management staff
• Interface with property management staff throughout lease up, providing requested reports including qualified occupancy summary report, copies of first year files and ensuring all files receive approval by investor’s auditor and property receives final clearance documentation in a timely manner
• Train site and compliance staff and assist with property lotteries as needed
• Assist in the determination of appropriate marketing as applicable to the AFHMP and property needs
• Work as part of the property management team assisting with initial certification processes
• Coordinate and oversee the successful, complete and on-time submission of LIHTC year-end reporting
• Ensure that all first-year tax credit file procedures are followed and are 100% in compliance.
• Train staff on all compliance related tasks, policies and procedures for newly purchased properties, properties in lease-up as well as existing properties

Requirements

• Able to work independently and prioritize regular tasks
• Able to effectively supervise others
• Bachelor’s degree preferred or equivalent experience of five years affordable housing regional compliance management
• COS or COS-P – Certified Occupancy Specialist training through NCHM or other industry equivalent
• Ability to train staff on all affordable housing compliance related matters, including lease-up strategies and file procedures, disseminating complex compliance issues in a simple, straight forward manner
• Exceptional interpersonal and presentation skills
• Must have a valid driver’s license
• Excellent Computer skills
• Demonstrated experience with new property lease-ups, including waitlists and lotteries
• Excellent understanding of LIHTC lease-up regulations including but not limited to placed-in-service dates, certification time-lines, credit delivery and deferral rules, multiple building project rules, applicable fraction and minimum set-asides rules.
• Have excellent organization and customer service skills
• Ability to communicate clearly and effectively both verbally and in writing.
• Have proven expertise in affordable housing programs especially LIHTC, HUD and PHA programs
• Experience in the use of Yardi preferred
• Must be willing to travel 75% of the time
• Able to work as an effective member of a team and in a collaborative manner with staff, peers, and supervisor as well as staff from other TCB disciplines and TCB stakeholders
• Prior supervisory experience of at least one to three staff preferred
• Ability to read and interpret complex documents, such as regulatory agreements and compliance regulations
• TCB approved Fair Housing, see Yardi (annually)
• HCCP or C3P – LIHTC training through Spectrum or other industry equivalent

Benefits

• 403(b) retirement plan with company match
• Confidential, 24/7 Employee Assistance Program
• Pay range: $80-90k
• Tax-advantage accounts: commuter/parking, medical & dependent care FSA
• Medical, dental, and vision insurance
• 12 Paid Holidays & tenure-based PTO accruals
• Hospital & Critical Illness Insurance
• Company paid Life & Disability Insurance
• Employer contributions to Health Savings Accounts

Training + Development

Interview process

Visa Sponsorship

Security clearance