Job Summary

The Director of Compliance is responsible for corporate compliance on all affordable and HUD financed properties. This includes all company-managed affordable properties that require government auditing, regulatory adherence, and reporting, including LIHTC, Tax Exempt Bond Program, HOME Program, Housing Trust Fund Program and Public Housing, and Section 8 HUD. the position will be responsible for the integrity of internal operations as they overlap with other program regulations in specific areas. Federal, State and Local regulations must tier in their implementation and adherence as designated by the statutes. Proper completion, submissions and implementation of all Contract Renewals, Rent Adjustments, Gross Rent Increases, Rent Comparability Studies, Utility Allowance Analysis, and Social Service Coordinator Grants for their respective government agencies. You will be the primary contact for all Owners regarding any and all aspects of the HUD/affordable housing compliance operations.

Duties And Responsibilities

Responsible for corporate compliance for all files with HUD, IRS Section 42, and local program properties and HUD Financed as well as the knowledge of laws which affect these types of properties.

Ensure File Reviews are completed accurately and within a reasonable timeframe

Research and write procedures to establish and maintain company policies and procedures.

Ensure File Reviews are completed within a reasonable timeframe.

Oversee all compliance procedures performed on managed properties.

Establish and verify company standards to ensure that verification requirements meet or exceed government regulations and audit recommendations.

Track information on the number of files being sent in per property.

Identify training needs and ensure the Training Department has all tools necessary to monitor required training courses.

Keep programs current to fit needs by attending seminars and participating in ongoing training.

Maintain Property compliance documentation for each managed property in the Lynd system.

Administer the filing and storage of compliance records including all regulators, audit, and review document.

Research and write procedures to establish and maintain company policies and procedures for meeting all government compliance regulations

Revise existing procedures in manuals to accommodate changes in law and agency polices.

Provide training recommendations based on new law changes and experience of on-site personnel.

Maintain, communicate, monitor, and report on all deadlines for any Compliance related inspections, including HUD, LIHTC.

Maintain, communicate, monitor, and report on all deadlines for any Compliance related inspections, including HUD, LIHTC, Owner and Syndicator driven events.

Ensure the preparation process is clearly written and available for all of the Operations teams to access and implement.

Establishing contacts with all levels of federal, state, and local monitoring agencies as required to maintain positive business relations with each.

Coordinate document retrieval and initial assessments of newly acquired HUD, Project Based Section 8 properties as required to ensure immediate oversight of monitoring responsibilities. This includes providing assistance to the Acquisitions, Development and Operations Departments during new acquisitions and take-overs as requested.

Review HUD, IRS-LIHTC, and various State agencies regulations frequently to maintain currency with updates and changes to the prevailing regulations; implement appropriate changes to corporate training program, and revise policies and procedures to assure compliance.

Establish and maintain internal Database for all regulated documents and program information, owner information, audit, and inspections dates, and required regulated operations.

Proper execution of monthly HAP Vouchers posting and prompt completion of corrections for posted discrepancies.

Responsible preparation and response process to monitoring agency audits and inspections w/input from with Property Managers, Regional Managers and Regional Vice-Presidents.

Ensure the Voucher and Special Claims systems are managed, and any issues are addressed immediately to prevent late HAP payments and fair Special Vouchers reimbursements.

Supportive Services should be identified from the LURA and clearly communicated to the on-site teams. There should be clear direction on how to document those services performed.

Ensure there is a simple yet effective system to ensure all Utility Allowances are kept current. The Compliance should not rely on the Property Manager to gather the most current Utility Allowances. There should be a quarterly contact with each Housing Authority.

Provide review services for all Affordable Housing Fair Marketing Plans at a minimum of once per year. Also, provide periodic training on how to complete the Marketing Plans.

Education And Experience

Expertise in the following programs: LIHTC, HUD, HOME, and BOND.

5 years of experience with Property or Asset Management

8-10 years of management experience in the Affordable Management Industry

Bachelor’s degree or equivalent combination of training and experience

Knowledge, Skills And Abilities

Required to have an acceptable criminal background and drug screen.

This is a full-time position, must be able to work a 40-hour standard work schedule.

HCCP, COS, CPM

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