Compliance Analyst

Housing Opportunity Com•Silver Spring, MD

22h

About The Position

The Compliance Analyst role within our organization entails a comprehensive set of responsibilities critical to maintaining and enhancing the quality and compliance of our affordable housing operations. This individual is tasked with calculating, monitoring, and implementing income and rent limits, ensuring all Housing Assistance Payment (“HAP”) contracts and Operating Cost Adjustment Factor (“OCAF”) for Project-Based Rental Assistance (“PBRA”) properties, and assist in the calculation, monitoring, and implementation of Utility Allowance adjustments, following strictly regulatory requirements. The Analyst provides essential support for the Tenant Rental Assistance Certification System (“TRACS”) inquiries, alongside overseeing the monthly HAP postings. They offer guidance on Enterprise Income Verification (“EIV”) issues, ensuring compliance across multiple divisions with the guidelines and regulations established by the Housing Opportunities Commission (“HOC”), federal, state, and local laws. The Analyst assists in reviewing Affirmative Fair Housing Marketing Plans (“AFHMP”) and Tenant Selection Plans (“TSP”) for properties. This role also involves managing SAM.gov registrations and renewals, crucial for federal contracts and grants, and reviewing and submitting unreported income and Special Claims to the Office of Inspector General (“OIG”). Additionally, the Analyst is responsible for identifying and implementing necessary updates to Property Management and Housing Resources documents, which include but are not limited to, resident notices, certification-related forms, leases, and addenda. Conducting and managing quality control reviews for Reasonable Accommodation requests to ensure adherence to Fair Housing laws, performing quality control reviews for Davis Bacon Act compliance, and assisting in the development and auditing of the other Quality Control processes are also within their responsibilities. Other aspects of the role involve assisting, monitoring, and providing guidance on monthly and annual reporting, including the HUD SEMAP process for Housing Choice Vouchers (HCVs), and end-of-year reporting for various state and local governments. The Analyst also supports the completion of various external and internal audits and inspections, including those related to financial, investor, and government audits. The Compliance Analyst is instrumental in ongoing training and guidance to ensure that staff are knowledgeable and compliant with housing regulations and policies. The Analyst assists with developing strategies to enhance internal customer service satisfaction and engagement, promoting responsive and respectful communication. Ensuring all practices adhere to Fair Housing laws to promote non-discrimination and equal opportunity in housing, contributing to strategic planning for organizational growth and improvement, and identifying and mitigating compliance risks associated with affordable housing regulations and property management are also critical components of their responsibilities. This role demands a proactive, knowledgeable, and diligent individual dedicated to upholding the highest standards of compliance and service within the affordable housing sector.

Requirements

At least eight years’ of experience in federally subsidized affordable housing programs; such as, but not limited to, Housing Choice Voucher, Tax Credit or other subsidized housing programs.
Requires Bachelor’s degree in public/business administration or related field.
Must have or obtain the Low Income Housing Tax Credit (“LIHTC”),Tax Credit-Advanced, Housing Choice Voucher (“HCV”), HOME Certification, Assisted Multifamily Housing Manager and Blended Occupancy certifications within the probationary period, not to extend beyond one year.
Must have knowledge of federal, state and local laws and regulations pertaining to subsidized housing.
Must possess excellent oral and written communication skills.
Ability to work independently and exercise good judgment.
Must be accurate, detail-oriented and have the ability to meet deadlines.
Good interpersonal skills and the ability to interact with people of varied backgrounds.

Responsibilities

Calculating, monitoring, and implementing income and rent limits.
Ensuring all Housing Assistance Payment (“HAP”) contracts and Operating Cost Adjustment Factor (“OCAF”) for Project-Based Rental Assistance (“PBRA”) properties.
Assist in the calculation, monitoring, and implementation of Utility Allowance adjustments.
Providing essential support for the Tenant Rental Assistance Certification System (“TRACS”) inquiries.
Overseeing the monthly HAP postings.
Offering guidance on Enterprise Income Verification (“EIV”) issues.
Assisting in reviewing Affirmative Fair Housing Marketing Plans (“AFHMP”) and Tenant Selection Plans (“TSP”) for properties.
Managing SAM.gov registrations and renewals.
Reviewing and submitting unreported income and Special Claims to the Office of Inspector General (“OIG”).
Identifying and implementing necessary updates to Property Management and Housing Resources documents.
Conducting and managing quality control reviews for Reasonable Accommodation requests.
Performing quality control reviews for Davis Bacon Act compliance.
Assisting in the development and auditing of the other Quality Control processes.
Assisting, monitoring, and providing guidance on monthly and annual reporting.
Supporting the completion of various external and internal audits and inspections.
Ongoing training and guidance to ensure that staff are knowledgeable and compliant with housing regulations and policies.
Assisting with developing strategies to enhance internal customer service satisfaction and engagement.
Ensuring all practices adhere to Fair Housing laws.
Contributing to strategic planning for organizational growth and improvement.
Identifying and mitigating compliance risks associated with affordable housing regulations and property management.