Coordinator, Regulatory Compliance

About the role

The Illinois Housing Development Authority (IHDA) is seeking a Coordinator, Regulatory Compliance to support the loan closing process from initial financial closing through construction completion. This position requires expertise in one or more compliance-related functions including Davis-Bacon and Related Acts, Section 3 of the HUD Act, subsidy layering reviews, and environmental records reviews.

Responsibilities

• Monitor multifamily projects under construction for compliance with Davis-Bacon and Related Acts and Section 3 of the HUD Act; ensure accuracy and integrity of data and report accordingly.
• Perform financial analysis and subsidy layering reviews (SLR) of affordable multifamily projects financed with Low Income Housing Tax Credits (LIHTCs), HOME funds, and/or other subsidy programs.
• Work closely with development officers and underwriters, coordinate the SLR-related document transmission and communication between IHDA, the project sponsor, and the U.S. Department of Housing & Urban Development (HUD).
• Identify and escalate, as needed, issues, delays, and other concerns.
• Determine level of environmental review record using HUD 24 CFR Part 58 Review Guidelines. Complete required environmental review record documentation and reports required by HUD for HOME, National Housing Trust Fund, Risk Share, and other related programs to ensure compliance.
• Develop, document, and maintain compliance-related processes that include tracking mechanisms, policies and procedures, forms and documents, etc.
• Develop and maintain compliance-related guidance and knowledge resources for use by internal and external audiences.
• Consistently and clearly communicate with colleagues, project sponsors, consultants, funders, and other stakeholders regarding statuses, deficiencies, and clarifications.
• Provide back-up and support for other members of the Compliance Services team.
• Stay abreast of regulations, policies, practices, trends, and best practices as they relate to the position and its responsibilities.

Requirements

• Bachelor’s degree in urban studies or planning, business or public administration, or a related field is preferred but not required.
• Experience with one or more HUD compliance requirements is highly desirable.
• Preference will be given to candidates with three or more years of experience in multifamily finance and/or development, project/program management, or compliance monitoring and reporting.

Qualifications

• Alternating between sitting, standing, and walking.
• Ascending and descending stairs.
• Crouching and stooping.
• Pushing and pulling.
• Reaching overhead or below.
• Repetitive task movements (filing, keyboarding, copying).
• Lifting, carrying, and moving objects of up to 10 -15 pounds.

Benefits

Currently in a hybrid work arrangement, but candidates must reside in Illinois at time of hire. Flexible scheduling is available, upon completion of a six-month probationary period.

Schedule

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

Pay

$60,088.93 - $75,111.16

Physical Requirements

• Alternating between sitting, standing, and walking.
• Ascending and descending stairs.
• Crouching and stooping.
• Pushing and pulling.
• Reaching overhead or below.
• Repetitive task movements (filing, keyboarding, copying).
• Lifting, carrying, and moving objects of up to 10 -15 pounds.

What we Offer

• Paid time off, plus paid holidays.
• Medical/dental/vision/life insurance plans.
• Short/long term disability.
• Tuition reimbursement.
• Flex spending.
• 401K plan – immediate vesting.
• IHDA employees may be eligible for federal loan forgiveness programs.

EEO

Equal Opportunity Employer