Regulatory Compliance Specialist

Overview

Related Affordable spearheads Related's initiatives to preserve and enhance the nation's affordable housing supply. With over 50 years of experience in affordable housing acquisitions and development, Related Affordable is renowned nationally for its financing, preservation, and rehabilitation innovation. Presently, Related Affordable manages one of the largest affordable housing portfolios in the United States. Our team is committed to the principle that everyone deserves a quality home, and we tirelessly strive to fulfill this mission in communities nationwide.

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Related Affordable Housing.

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Related Affordable has an exciting career growth opportunity for an Affordable Housing Regulatory Compliance Specialist within our dynamic team. This remote role will report to the Director of Compliance. The ideal candidate is a detail oriented individual accustomed to working on a deadline driven schedule. You will be responsible for ensuring Related Affordable is operating in compliance with all affordable housing program guidelines (LIHTC, PBS8, PBV, RAD, etc.),

regulatory agreements, and company policies and procedures. This person must have the ability to function autonomously while also working in conjunction with coworkers located in other areas of the country.

Key responsibilities

• Monitor and implement changes in HUD and LIHTC regulations and other state and local requirements
• Maintaining proper maintenance of tenant files and computer records to ensure accuracy according to HUD and LIHTC regulations
• Independently review and approve move-in and transfer files to ensure applicants meet income and program eligibility criteria
• Review initial qualifying files for accuracy and program compliance and submit to third-party reviewers; track qualification status and work with the Director of Compliance to provide clear and accurate reporting on lease-ups, move-ins, etc.
• Review completed recertifications to ensure program compliance
• Perform both onsite and remote audits to confirm compliance with program requirements through follow-up and closure
• Monitor waitlists, LAP plans and EIV master binders for compliance with federal and state regulations
• Review and submit responses for LIHTC file audits and MORs; coordinate with affordable programming and site teams to get corrections
• Submit and assist in the drafting and review of timely responses to agency audits; coordinate with Affordable Programming as needed
• Hold weekly office hours to assist the operations teams with questions, file corrections and audit corrections
• Remain familiar with current U.S. Department of Housing and Urban Development federal regulations as they relate to Affordable Housing programs
• Audit proper maintenance of tenant files and computer records to ensure accuracy according to HUD and LIHTC regulations
• Assist analysts with annual reporting as needed
• Other duties as assigned

• $75K - $95K per year
• Plus annual performance bonus

Compensation for this position is dependent on a variety of factors, including individual qualifications and geographical location. The range provided is intended to offer a general guideline and may vary based on these factors. Final compensation offers will be determined based on a comprehensive assessment of the candidate's background and the specific requirements of the role.

WHO WE ARE LOOKING FOR

• 5+ years of relevant experience with Project Based Section 8 HUD, LIHTC and other affordable housing programs is required
• Knowledge of HUD 4350.3, EIV, Reasonable Accommodation Requests, LIHTC income limits and rent calculations, Fair Housing, Real Estate Licensing
• A deep sense of community awareness and a determination to make improvements
• Proven ability to build trust with members of a community with different backgrounds, motivations, and concerns in order to obtain information…