Compliance Specialist (PE Firm / Affordable Housing)

About the role

We are partnering with a growing, mission‑driven organization focused on the ownership, operation, and long‑term preservation of affordable housing communities. As the organization's affordable housing portfolio continues to expand, they are looking to add an experienced Compliance Specialist to help maintain strong compliance standards across multiple properties. This is an excellent opportunity for someone who has built their career specifically within affordable housing compliance and understands the importance of getting the details right. The Compliance Specialist will serve as a key resource for property teams, reviewing resident files, interpreting regulatory requirements, identifying potential compliance issues, and helping ensure properties remain in good standing with Low‑Income Housing Tax Credit (LIHTC) requirements and other applicable affordable housing regulations.

Responsibilities

• Review applicant and resident files to ensure compliance with LIHTC income, eligibility, and documentation requirements.
• Conduct detailed reviews of new move‑in certifications, annual recertifications, income calculations, asset documentation, student status, household composition, and supporting verification documentation.
• Audit resident files for accuracy, completeness, and adherence to applicable program requirements.
• Identify discrepancies, missing documentation, eligibility concerns, and other potential compliance issues before they develop into formal findings.
• Provide clear feedback regarding file deficiencies and the corrective actions necessary to bring files into compliance.
• Complete file reviews within required timelines and escalate more complex compliance concerns when appropriate.
• Review and interpret Land Use Restriction Agreements (LURAs) and other property‑specific regulatory agreements.
• Understand and apply requirements related to affordability restrictions, income limits, rent limits, unit set‑asides, compliance periods, and other property‑specific obligations.
• Ensure LURA requirements are consistently incorporated into resident file reviews and ongoing property compliance activities.
• Serve as an internal resource for questions involving LURA provisions and help property teams understand how individual regulatory requirements affect day‑to‑day operations.
• Identify potential areas of regulatory exposure and work proactively with internal teams to resolve concerns.