We are seeking a Part-Time (remotely) compliance specialist to manage two (2) affordable housing properties located in Berkeley, a total of 50 units. We estimate a minimum of 10 hours per week or more when compliance deadlines approach.
Description
The Compliance Specialist is responsible for the daily support and review of site compliance activity related to the company’s affordable housing projects within the portfolio and contracts. The Compliance Specialist will be required to monitor Strive Real Estate (SRE) company policies and procedures related to Project-Based Section 8, LIHTC, City Inclusionary Programs, and all other applicable governing programs.
The Compliance Manger is responsible for the oversight of Annual Contracts (re-certifications) and Interims (adjustments during the year). They will oversee monthly billings (voucher) to HUD, TRACS, posting of tenant rents, open and close each property monthly, and ensure all tenant files outlined by regulatory agencies, Company standards and procedures are adhered to.
Essential Job Duties & Responsibilities:
To perform the job successfully, an individual must be able to perform each essential duty / responsibility satisfactorily. The duties of the position of Compliance Specialist include, but are not limited to, the following:
Administer new property set-up requirements by regulatory agencies, complete required forms and submit required documentation needed to expedite onboarding processes and procedures.
Responsible for ensuring that SRE is operating in compliance with all regulatory agreements, current affordable housing program guidelines, and company procedures.
Supervise the properties related to compliance competence, ensuring the portfolio is in compliance with current Federal, State and/or local laws concerning the various affordable housing programs in which we operate.
Collaborate with Asset Specialists, Property Specialists, and upper management to develop, recommend, and maintain all necessary Compliance Procedures and Policy Manuals; especially related to HUD, TCAC, Project-Based Section 8, City Inclusionary Programs, and all other applicable governing programs.
Calculate maximum income and rent limits (tax credit, HCD, etc.) based on the applicable (e.g. HUD) area median income limits for each property within the portfolio; track and update utility allowance schedules quarterly to ensure compliance with all rent calculations and charges.
Perform file reviews with staff or third-party consultants to ensure program requirements are being met within the portfolio.
Coordinate compliance inspections by outside monitoring agencies: California Tax Credit Allocation Committee (CTCAC), California Department of Housing and Community Development (HCD), HUD, City of Berkeley and other city-based inclusionary housing programs. Notify site staff of pending inspection(s).
Perform site visits for random file audits of resident certification files.
Provide direct portfolio support in assisting with questions or resources relative to the funding program guidelines for all site and staff. Other duties as related and assigned.
Education Requirements:
High school diploma or GED required;
Bachelor’s degree, highly desired;
Must have experience with affordable housing property management and programs like Section 8, VASH, Section 202/PRAC, TCAC, Section 811, MHP, AHP, preferred.
REQUIREMENTS:
3-5+ years of professional experience is required preferably in affordable housing, property management or a related field, a must. Proficiency in real estate terminology and concepts is required; basic knowledge with affordable housing programs at the City, State and Federal levels encouraged such as low-income tax credit, affordable Housing Programs, HUD, Shelter Plus Care, Section 8, Neighborhood Development Programs, Bond Funds, preferred.
Strong verbal communication and public presentation skills are a requirement.
Strong organizational skills and ability to coordinate complex activities, prioritize conflict demands and meet deadlines.
Strong computer skills with a thorough knowledge of MS Word, Excel, and other related project software.
WORK ENVIRONMENT
This job operates in a professional office environment. This role routinely uses standard office equipment such phones, photocopiers, filing cabinets and conduct standard office professional practices.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to perform the essential functions of this job. Prolonged periods of sitting at a desk and working on a computer. While performing the duties of this job, the employee is required to stand, talk and hear. The employee may be required to travel to other properties/project sites.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Hourly non-exempt position – DOE
We are an equal employment opportunity employer.