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

Pratum Companies•Washington, DC

6d•Onsite

About The Position

The Compliance Specialist will be responsible for maintaining compliance with Department of Housing and Urban Development (HUD) Programs, for tenant eligibility, verifying income documentation, managing HAP vouchering and reconciliation, processing TRACS transmissions, and conducting audits to maintain compliance with LIHTC, HUD, Section 8, and County Affordable Housing Programs. They work with property managers, government agencies, and tenants to ensure adherence to guidelines, prepare reports, and interpret regulations.

Requirements

At least 3 years of affordable housing experience related to tax credit and Section 8 programs
Strong knowledge of Section 8 regulations and LIHTC programs
Strong knowledge of the IRS 8823 Guide as well as the HUD Manual 4350.3
Strong knowledge of HAP voucher processing, reconciliations, TRACS transmissions, and subsidy administration
Experience reviewing and correcting voucher discrepancies and transmission errors
Formal training and/or certification in related field required (COS or CPO)
Ability to work in a fast-paced environment
Ability to read and write English fluently
Ability to accurately perform mathematical functions
Ability to understand and perform all software functions
A minimum of 3 years of experience in compliance monitoring of HUD-assisted & LIHTC multifamily housing properties.
Strong written and verbal communication skills
Proficient in Microsoft Word, Excel and Outlook
Strong knowledge of LIHTC and HUD regulations
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 OneSite, 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.
Formal training and/or certification in related field necessary (HCCP, SHCM, C3P, COS, CPO, BOS or equivalent).

Responsibilities

Maintain property Waiting list
Manage site-level compliance by reviewing new applicant certifications and completing re-certification paperwork as required s to ensure they are compliant with applicable Affordable Programs including Move-Ins, Annual Recertification, Gross Rent Changes, and Initial Certifications.
Monitoring Re-certification process to ensure community staff is completing the required certifications timely
Process, reconcile, review and submit monthly HAP vouchers timely and accurately
Monitor HAP voucher discrepancies, subsidy reconciliations, TRACS transmissions, and transmission errors
Ensure timely correction and resubmission of rejected or discrepant vouchers and certifications
Training personnel on preparing income certifications and re-certifications for both Project Base Section 8 and Federally Assisted properties
Review and approval of all move-in certifications, as well as quarterly review of annual re-certifications for project base Section 8 properties
Monitor and report past due recertifications
Address compliance training and support needs for site staff
Assist in generating all year-end building status reports for tax credit properties and ensure all electronic reporting is completed each year
Assist in monitoring correct usage of income and rent limits as well as utility allowances
Other tasks or duties as assigned by supervisor.