Compliance Manager

About the role

The Affordable Housing Compliance Manager is responsible for ensuring that the organization's affordable housing properties comply with all applicable federal, state, and local regulations, including those related to funding sources such as the Low-Income Housing Tax Credit (LIHTC) program, HUD, and other affordable housing programs.

Responsibilities

• Monitor and interpret relevant laws, regulations, and industry standards related to affordable housing programs.
• Develop, implement, and update compliance policies and procedures in accordance with regulatory changes.
• Ensure compliance with LIHTC, HUD, HOME, Section 8, and other affordable housing programs.
• Oversee tenant file management, including initial certifications, annual recertifications, and interim certifications.
• Ensure accurate and timely submission of tenant files and reports to regulatory agencies and funding sources.
• Conduct regular audits of tenant files to ensure compliance with program requirements.
• Develop and deliver compliance training programs to property management staff to ensure awareness and understanding of affordable housing requirements.
• Maintain a robust compliance monitoring program, including regular audits and site visits.
• Prepare and present clear and concise compliance reports to senior management and relevant regulatory agencies.
• Track and report on key compliance metrics and trends to identify areas for improvement.
• Lead investigations into alleged violations of affordable housing regulations, policies, and procedures.
• Develop and oversee the implementation of corrective actions to address compliance issues.

Qualifications

• Bachelor’s degree in business administration, Public Administration, Urban Planning, or a related field; a professional certification (e.g., Housing Credit Certified Professional - HCCP) is required.
• A minimum of 10 years of experience in affordable housing compliance, preferably within a property management or real estate environment.
• In-depth knowledge of affordable housing programs and regulations, including LIHTC, HUD, HOME, Section 8, and other relevant programs.
• Experience with resyndication, acquisition rehabs and new lease up preferred.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent communication and interpersonal skills, with the ability to influence and collaborate effectively across all levels of the organization.
• Proficiency in property management software and compliance tools.
• Ability to travel at least 50% of the time.

Key Competencies

• Ethical Judgment: Demonstrates a strong commitment to ethical principles and ensures compliance with affordable housing standards.
• Attention to Detail: Meticulously identifies and addresses compliance issues and risks within tenant files and property management operations.
• Leadership: Inspires and motivates others to uphold compliance and ethical standards within affordable housing programs.
• Strategic Thinking: Develops long-term strategies to manage compliance risks and ensure the integrity of affordable housing operations.
• Problem Solving: Effectively identifies issues and develops practical solutions to ensure compliance with affordable housing regulations.

Working Conditions

• This position is primarily office-based with occasional travel to affordable housing properties as needed.
• The Affordable Housing Compliance Manager may be required to work extended hours during peak periods or in response to compliance emergencies.

Pay

Base Compensation Range: $135,000.00 To $145,000.00 Annually.

Schedule

Not specified.