Compliance Specialist II- LIHTC Compliance Specialist
About The Position
The Compliance Specialist II reports to the Director of Compliance and Asset Management and provides regulatory compliance strategies for NAC’s workforce (affordable) housing portfolio. The role oversees compliance with LIHTC, HOME, HTF, NSP, and other funding sources, including regulatory agreements and ongoing tenant income qualification. It serves as a subject matter expert for questions and issues related to the certification process. The position reviews and approves tenant certification files, monitors annual recertifications, conducts internal file audits, supports property lease-ups, and assists with compliance reporting and waitlist maintenance. It also provides guidance and training to property management staff on funding requirements, NAC processes, and the OneSite property management system. Site travel is required. The work schedule is Monday through Friday, 8:00 a.m. to 5:00 p.m.
Requirements
- High school graduate or GED.
- At least five years of experience working with and knowledge of the Low Income Housing Tax Credit program, HUD housing funding programs, rental subsidy programs, and other affordable housing funding sources.
- At least five years of experience in the affordable housing industry.
- Knowledge of Fair Housing rules, regulations, and practices.
- Reliable transportation and compliance with Arizona State insurance requirements; site travel is required.
- Experience reviewing and completing complex household certifications, such as households with multiple revenue streams or student households.
- Experience with mixed-income properties, including market-rate and tax credit units, and understanding of managing 140% over-income households within established set-asides.
- Knowledge and proficiency with computer software, including Microsoft Office Suite and Outlook.
- Detail-oriented with strong organizational skills and ability to follow processes.
- Strong verbal and written communication skills.
- Sound judgment.
- Ability and motivation to meet deadlines.
- Ability to prioritize, be resourceful, and manage changing priorities.
- Ability to work independently and complete tasks within established deadlines.
- Ability to demonstrate diplomacy when addressing noncompliance with staff, applicants, and residents.
- Comprehensive understanding of Section 42 (LIHTC) and HUD HOME regulations and requirements.
- Knowledge of other affordable housing funding programs, such as State Housing Trust Fund, National Housing Trust Fund, Neighborhood Stabilization Program, or FHLB AHP.
- Knowledge of local, State, and Federal housing regulations and property management.
Nice To Haves
- Proficiency with industry-standard software applications such as RealPage.
- Experience working with the Native American population.
Responsibilities
- Oversee compliance with policies, processes, and funding regulations for assigned workforce housing properties.
- Prioritize certification file review and approval, ensuring files are reviewed within 72 hours.
- Preliminarily review applications and annual certification paperwork according to program guidelines, with detailed review of complex files involving multiple income sources, including self-employment.
- Monitor annual recertification timelines and ensure tenant certifications meet property-specific funding requirements.
- Attend site audits and inspections conducted by regulatory agencies or investors as assigned.
- Conduct on-site internal tenant file audits and recommend corrective actions to bring files into compliance.
- Assist with leasing up new properties while supporting the mission of housing urban Native Americans and maintaining Fair Housing practices.
- Attend and complete assigned Tax Credit, HOME, and other training courses to maintain current regulatory knowledge.
- Guide and train property management staff on funding-source rules and regulations, federal programs, and NAC policies and processes.
- Guide and train staff on use of the OneSite property management system.
- Assist in gathering documentation and completing annual compliance reporting for City, State, Federal, and other funding sources.
- Complete pre-move-in inspections of vacant units to ensure readiness for occupancy.
- Assist in updating and maintaining the NAC property waitlist.
- Perform other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
