Compliance Director (Affordable Housing/Multi-Family Property Management)

Pratum Companies•Gaithersburg, MD

1d•$80,000 - $100,000•Onsite

About The Position

Director of Compliance (Multi-Family Affordable Property Management) The Compliance Director provides leadership and support to the compliance, property management, and ownership teams to maintain compliance with and understanding of all affordable housing programs. In addition, a Compliance Director manages the day-to-day activities of the compliance specialists within their team to ensure properties are compliant with tax credit, HUD, and other housing program regulations and provides compliance technical support to compliance and property management staff. This is not a remote position; this in an in-office role based full-time from our corporate office in Gaithersburg, MD (Washington, DC metro region). At the direction of the Senior Vice President of Compliance, the Compliance Director is directly responsible for the following: Lead, manage, and direct the activities of the compliance managers within their team. Ensure and certify all initial qualifying household files from initial move-in/qualification through 1st year recertification for all new/re-syndication LIHTC properties and units are fully vetted and in compliance with all LIHTC income requirements. This includes review and certification by in-house compliance resources as well as 3rd-Party LIHTC audit resources. Ensures all tenant’s files, its records, and waiting list are maintained in accordance to the governing agency’s standards. Liaisons and builds proactive, positive relationships with investors, state housing finance agencies, Department of Housing and Urban Development (HUD), Public Housing Agencies (PHAs)and other regulatory agencies Provide an audit, review, and pre-occupancy/finalization approval process for move-initial household income certifications across all applicable affordability programs for any given property/unit (ie. LIHTC, Sec. 8, Sec. 236, Home, Bond, etc.). Audits Resident Files for compliance with Low Income Housing Tax Credit (LIHTC or Section 42), HUD Section 8 projects as well as state and local requirements where applicable. Support our property managers and regional managers when they have questions regarding compliance programs or procedures. Provide regular updates to the VP of Compliance on the activities of their compliance team Pursues and maintain current, comprehensive knowledge of all affordable housing compliance programs present in Pratum Companies’ current or potential portfolio, ensuring awareness of and procedural guidelines for administering and maintaining compliance with those programs. Ensure all compliance-related internal and external required reporting, including annual state agency LIHTC compliance reporting, is completed and submitted accurately and timely. Oversees completion of files to ensure they are compliant with applicable Affordable Programs including Move-Ins, Annual Recertification, Interim Recertification, Gross Rent Changes, Terminations, and Initial Certifications. Monitors waitlists and EIV master binders for compliance with federal regulations and requirements. Assists Senior Vice President of Compliance in preparing and submitting HUD documents, such as Affirmative Fair Housing Marketing Plans, Tenant Selection Plans, lease packages, etc. Provides superior customer service to residents and prospective tenants by promptly responding to all incoming calls, messages, and emails in a professional, respectful manner Performs other duties assigned

Requirements

ability to interface effectively and professionally with executives, owners, asset managers, agency representatives and department staff
performance management experience (including training, coaching, mentoring)
management experience building and managing a highly engaged team
ability to work effectively independently and as part of a team of professionals
experience reviewing, interpreting, and applying government regulations
demonstrate knowledge with affordable software, preferably Yardi (Voyager and Rent Caf é )
Formal training and/or certification in related field necessary (HCCP, SHCM, C3P, COS, CPO, BOS or equivalent)
A minimum of five (5) years of experience in compliance monitoring of HUD-assisted & LIHTC multifamily housing properties.
Prior successful supervision and/or management experience is highly preferred.
Strong written and verbal communication skills
Proficient and experienced with Yardi
Proficient in Microsoft Word, Excel and Outlook
Strong knowledge of LIHTC and HUD regulations
Strong knowledge of the IRS 8823 Guide as well as the HUD Manual 4350.3
Ability to work in a fast-paced environment
Ability to take charge and ownership of projects
Self-starter and independent worker
Intermediate-advanced knowledge of computers
Intermediate-advanced knowledge of MS Office- Outlook, Word, Excel, Power Point
Intermediate-advanced knowledge of Yardi
Ability to develop advanced knowledge of other programs or systems as needed
Basic knowledge of Internet

Nice To Haves

A college degree is preferred, but not required.

Responsibilities

Lead, manage, and direct the activities of the compliance managers within their team.
Ensure and certify all initial qualifying household files from initial move-in/qualification through 1st year recertification for all new/re-syndication LIHTC properties and units are fully vetted and in compliance with all LIHTC income requirements.
Ensures all tenant’s files, its records, and waiting list are maintained in accordance to the governing agency’s standards.
Liaisons and builds proactive, positive relationships with investors, state housing finance agencies, Department of Housing and Urban Development (HUD), Public Housing Agencies (PHAs)and other regulatory agencies
Provide an audit, review, and pre-occupancy/finalization approval process for move-initial household income certifications across all applicable affordability programs for any given property/unit (ie. LIHTC, Sec. 8, Sec. 236, Home, Bond, etc.).
Audits Resident Files for compliance with Low Income Housing Tax Credit (LIHTC or Section 42), HUD Section 8 projects as well as state and local requirements where applicable.
Support our property managers and regional managers when they have questions regarding compliance programs or procedures.
Provide regular updates to the VP of Compliance on the activities of their compliance team
Pursues and maintain current, comprehensive knowledge of all affordable housing compliance programs present in Pratum Companies’ current or potential portfolio, ensuring awareness of and procedural guidelines for administering and maintaining compliance with those programs.
Ensure all compliance-related internal and external required reporting, including annual state agency LIHTC compliance reporting, is completed and submitted accurately and timely.
Oversees completion of files to ensure they are compliant with applicable Affordable Programs including Move-Ins, Annual Recertification, Interim Recertification, Gross Rent Changes, Terminations, and Initial Certifications.
Monitors waitlists and EIV master binders for compliance with federal regulations and requirements.
Assists Senior Vice President of Compliance in preparing and submitting HUD documents, such as Affirmative Fair Housing Marketing Plans, Tenant Selection Plans, lease packages, etc.
Provides superior customer service to residents and prospective tenants by promptly responding to all incoming calls, messages, and emails in a professional, respectful manner
Performs other duties assigned

Benefits

Full-time positions (30+ hours/week) are eligible for 2 weeks paid vacation, 1 week sick leave, 11 paid holidays, and health & welfare benefits as outlined on the Company’s website.

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