Physical Inspector

Illinois Housing Development•Chicago, IL

2d•$51,857 - $64,821•Hybrid

About The Position

This position is housed within the Asset Management department, which monitors long-term physical, financial, operational, and administrative compliance for IHDA-assisted developments. This particular position is housed within the Rental Compliance group, which ensures the operational compliance of properties assisted by IHDA loans, grants, or tax credits through various means including physical inspections, review of capital improvement requests, management and tenant file reviews, and more.

Requirements

High school diploma required.
At least 2 years’ experience conducting inspections, bid reviews, and/or physical needs assessments for multifamily rental housing developments required.
Proficiency in Microsoft Office Suite required.
Valid Driver’s License: Required.
Access to Personal Vehicle: Required along with appropriate insurance.
Must be a resident of Illinois or willing to relocate.

Nice To Haves

Bachelor’s degree preferred.
Experience may be substituted for education at the discretion of the Asset Management department.
Experience with affordable housing preferred.
Proficiency in Housing Quality Standards (HQS), Real Estate Assessment Center (REAC), and Uniform Physical Condition Standards (UPCS) desired.
Thorough knowledge of the following funding sources/programs desired: LIHTC, HOME, Section 8, Risk Share, Tax Exempt Bonds, and Illinois Affordable Housing Trust Fund.
Proficiency in HUD inspection software, including REAC, desired.
General physical inspection and UPCS, HQS, and REAC training required (completed within one year or earliest available date, whichever is later).
REAC certification required (achieved within one year or earliest available date, whichever is later).
In tandem with REAC certification, must obtain and maintain related required insurance/bonding.

Responsibilities

Implements proactive strategies to resolve properties’ physical condition compliance.
Informally paired with a compliance group for each project inclusive of an Asset Manager, Compliance Analyst, and Financial Analyst.
Collects and contributes data to determine annual operations rating.
Conducts physical condition monitoring reviews of assigned portfolio of projects based on prescribed timeframes (to assess and facilitate compliance with applicable Federal, State, local rules and standards).
Conducts site visits to assess and facilitate compliance with applicable Federal, State, local rules and standards including UPCS, HQS, and REAC.
During site visits, inspects the current physical conditions to ensure appropriate compliance with property standards and regulatory requirements so the related housing remains decent, safe, and sanitary.
During site visits, inspects improvements or repairs related to previously noted compliance deficiencies or insurance claims to ensure proper workmanship and compliance with the approved scope of work.
Reviews and approves physical condition improvement scopes of work, budgets, and schedules as appropriate.
Prepares and maintains all physical inspection documentation (including compliance monitoring findings, responses, resolutions, reports) as required.
Proactively communicates with the property owner, manager, agent regarding physical condition issues, compliance requirements, options and deadlines for resolution.
Periodically accompanies Asset Managers or Special Asset Managers on site visits to provide technical assistance and support related to physical condition issues.
Conducts physical needs assessments as required.
Conducts bid reviews to ensure compliance as required.
Prepares, circulates, submits, and files 8823 forms as required.
Reviews and recommends for approval capital improvement requests that exceed $10,000.
Participates in HUD Inspection Realignment pilot and similar initiatives.
Coordinates with USDA Rural Development staff as appropriate on physical inspections.
Appropriately refers troubled properties to the Portfolio Risk Management group.
Participates in pre-closing, closing, pre-occupancy, and post-closing discussions and meetings as appropriate.
Participates in regular loan monitoring, watchlist, delinquency meetings as appropriate.
Requires the ability to bend, stoop, crouch, reach, stand, walk, climb, as well as push, pull, lift, carry, and move materials weighing up to 50 pounds.
Additional duties as assigned.