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 expands, they are seeking an experienced Compliance Specialist to maintain strong compliance standards across multiple properties. The role involves reviewing resident files, interpreting regulatory requirements, identifying potential compliance issues, and ensuring properties remain in good standing with Low‑Income Housing Tax Credit (LIHTC) requirements and other applicable affordable housing regulations. LIHTC compliance is required.

Job hosted by: Craig Rosecrans

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.
• Monitor ongoing compliance with LIHTC program requirements, including household income limits, rent restrictions, utility allowances, and resident eligibility requirements.
• Support compliance activities across a multi‑site affordable housing portfolio, helping maintain consistent standards from property to property.
• Assist with preparation for state housing agency reviews, regulatory audits, monitoring visits, and other compliance examinations.
• Participate in internal compliance reviews and quality‑control efforts designed to identify potential issues before they result in findings.
• Track identified deficiencies and work with property teams to ensure corrective actions are completed and properly documented.
• Act as a knowledgeable compliance resource for property managers, site teams, and other internal stakeholders.
• Respond to questions regarding LIHTC requirements, resident eligibility, certifications, recertifications, and documentation.
• Communicate compliance requirements in a clear, practical, and supportive manner.
• Partner with site‑level employees to resolve file deficiencies while maintaining strong working relationships with