Compliance Manager, Real Estate​/Property

Position Description

The primary role of this position is the day‑to‑day management of compliance for a part of TCB’s portfolio, as assigned and designated including the supervision of one or more Compliance Specialists in ensuring on‑going affordable housing program(s) compliance and adherence to TCB’s Operations policies. This position also leads the Compliance lease‑up activity for new and/or re‑syndicated properties overseeing implementation of affordable housing programs through lease‑up including LIHTC, HUD, HOME programs and state and/or local set‑asides and rental assistance programs.

This role, the Compliance Manager will work in collaboration with the Development, Finance, Operations management (SVP, VPO, POM) and Director of Leasing and Marketing in the development and implementation of strategic plans for new property start‑ups. This position will collaborate with the property management team during lease‑ups, ensuring affordable housing program compliance and assisting with staff training on all applicable regulatory, owner, investor and monitoring agent requirements.

The Compliance Manager assists in the preparation and delivery of affordable housing compliance and TCB Operations policies trainings to staff at established properties to help foster staff skill development.

The Compliance Manager must be exceptionally skilled in affordable housing lease‑ups, including the consideration of marketing needs, and have an excellent in‑depth content knowledge and ability to train staff on HUD Multifamily programs, HUD PIH programs, HOME, IRS Section 42 (TC program), as well as all compliance functions, including but not limited to: eligibility, waiting list processes, citizenship rules, student rules, income, assets, allowances, next available unit rule, vacant unit rules, transfer rules, reasonable accommodations, earned income disallowance, EIV reporting and discrepancy functions, fair housing, limited English proficiency, multiple building project rules, LIHTC credit deferrals, HAP processes, rent schedules and utility allowance processes.

The Compliance Manager will be remote but based in the NY/NJ region and reports to the Director of Compliance.

• Ensure that all first‑year tax credit file procedures are followed and are 100% in compliance.
• Read and understand all the regulatory documents, disseminating the information for use by property management.
• 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.
• Assist in the determination of appropriate marketing as applicable to the AFHMP and property needs.
• 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.

• Train staff on all compliance related tasks, policies and procedures for newly purchased properties, properties in lease‑up as well as existing properties.

• Work as part of the property management team assisting with initial certification processes.
• 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.
• Assist, as needed with the completion of the Tenant Selection Plan (TSP), Affidative Fair Housing Marketing Plan (AFHMP) and Language Assistance Plan (LAP) for property start‑ups as well as any other documents as required.
• Train site and compliance staff and assist with property lotteries as needed.
• 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.

• Review audit findings and assist in overseeing successful, timely…