LIHTC Third-Party Audit Manager

Primary Function:

The LIHTC Audit Manager is responsible for working with HDC/HPD, as well as third party auditors to ensure all initial tax credit files comply with LIHTC regulations, income restrictions, and other compliance standards.   

Salary range: $85,000 to $95,000 Hybrid 4 days in office, 1 day remote.

 Duties and Responsibilities: 

·      Thoroughly review initial tenant files, leases, and relevant documents to ensure Compliance with federal and local regulations related to affordable housing programs

·      Review third party auditor reports and implement required corrective action for tenant income certification discrepancies, errors, or issues that may or may not indicate non-compliance

·      Develop and propose solutions to address non-compliance issues, and take the necessary steps to correct files accordingly

·      Contact and communicate with tenants to obtain corrective documentation such as signatures, self-certifications, as well as missing income and asset information

·      Track the implementation of corrective actions and prepare reports on audit findings for senior management

·      Provide training and guidance to on-site property staff on compliance requirements and procedures

·      Work closely with corporate staff and third-party oversight agencies to ensure program adherence

·      Create and organize a digital file system on SharePoint

·      Stay current in LIHTC requirements as related to affordable housing programs

Desired Qualifications:

·      Education: Bachelor's or Associate Degree preferred or with equivalent expertise and work experience.  Minimum of High School Diploma or GED is required

·      Experience: Minimum 5 years of LIHTC initial file processing and review

·      Audit and Compliance Expertise: Experience in conducting LIHTC audits, identifying non-compliance issues, and recommending corrective actions

·      Problem-Solving Skills: Ability to identify and resolve compliance issues

·      Organizational Skills: Ability to manage multiple tasks and meet deadlines, exception follow-up skills, ability to work with a high volume of cases

·      Attention to Detail: Ability to meticulously review documents and identify errors or discrepancies

·      Communication and Interpersonal Skills:  Ability to effectively communicate with staff, tenants, and external stakeholders

·      Software Proficiency:  SharePoint, Adobe, DocuSign, Excel, familiarity with Pronto a plus but not required

·      Knowledge of NYC Housing Connect and the lottery process a plus

·      Bil-lingual in Spanish preferred

Salary : $85,000 - $95,000