Compliance Analyst - AM

About the role

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 Project Operations Compliance group.

Responsibilities

• Implements proactive strategies to resolve properties’ operational condition compliance issues.
• Informally paired with a compliance group for each project inclusive of an Asset Manager, Physical Inspector, and Financial Analyst.
• Formally paired with a Senior Asset Manager or Asset Manager assigned to the same project portfolio to provide coordinated, comprehensive service.
• Collects and contributes data to determine annual operations rating.
• Intakes, tracks and processes annual compliance submissions, reviews packages for completeness, follows-up regarding incomplete or error-filled submissions.
• Covers ongoing desk, limited desk, and other monitoring reviews of assigned portfolio of projects based on prescribed timeframes (to assess and facilitate compliance with applicable Federal, State, local rules, and standards).
• Determines operational compliance (i.e., management, occupancy) against related regulatory requirements so that the related housing remains affordable, decent, safe, and sanitary.
• Prepares and maintains all operational compliance documentation (including compliance monitoring findings, responses, resolutions, reports) as required.
• Develops initial and ongoing rent schedules, utility allowances, rent/income limits (in coordination with appropriate data systems).
• Proactively communicates with the property owner, manager, agent regarding operational issues, compliance requirements, options, and deadlines for resolution.
• Circulates, submits, and processes Certifications, Management Plans, Management Agreements, Tenant Selection Plans (TSP), Lease, Form Lease Riders, Affirmative Fair Housing Marketing Plan (AFHMP), TST-2 and other tax credit forms, Lead-Based Paint Certifications, Rent Schedules, Utility Allowances, 8823s, 8609s, etc. (to assess and facilitate compliance with applicable Federal, State, local rules and standards).
• Participates in pre-occupancy and post-closing discussions and meetings as appropriate.
• Provides program/funding source/system informational and technical assistance, guidance, and direction to internal staff as well as property owners/agents.
• Proactively follows up on previously noted compliance deficiencies to ensure proper and timely resolution.
• Performs other duties and handles other special projects/initiatives as assigned.

Requirements

• Education: Bachelor’s degree required. Experience may be substituted for education at the discretion of the Asset Management department.
• Experience: At least 1 year experience with multifamily rental housing developments required. Affordable housing experience preferred. Operational compliance administration experience 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.
• Training: Certified Occupancy Specialist (COS), Tax Credit Specialist (TCS), Blended Occupancy Specialist (BOS), HOME Compliance Specialist (HCS), Housing Credit Certified Professional (HCCP) training desired (completed within one year or earliest available date, whichever is later).
• Physical Requirements: Alternating between sitting, standing, and walking. Ascending and descending stairs. Crouching and stooping. Pushing and pulling. Repetitive task movements (filing, keyboarding, copying). Lifting, carrying, and moving objects of up to 10 -15 pounds.

Qualifications

• Proficiency in Microsoft Office Suite required.

Skills

• Operational compliance administration.
• Microsoft Office Suite proficiency.

Benefits

Currently in a hybrid work arrangement, but candidates must reside in Illinois at time of hire.

Pay

$51,856.64 - $64,820.80

Schedule

Flexible scheduling is available, upon completion of a six-month probationary period.