What are the responsibilities and job description for the Regulatory Compliance Specialist position at Related Company?

Responsibilities

Related Affordable has an exciting career growth opportunity for an Affordable Housing Regulatory Compliance Specialist within our dynamic team. This position will report to the Director of Compliance. The ideal candidate is a detail oriented individual accustomed to working on a deadline driven schedule. You will be responsible for ensuring Related Affordable is operating in compliance with all affordable housing program guidelines (LIHTC, PBS8, PBV, RAD, etc.), regulatory agreements, and company policies and procedures. This person must have the ability to function autonomously while also working in conjunction with coworkers located in other areas of the country.

WHY YOU'LL LOVE IT HERE

Lots of paid time off (19 days!) - we value your life outside of work
Customizable total rewards package - pick from our medical, vision and dental options, along with our life insurance and an Employee Assistance Program
Financial wellness perks to set you up for success - such as 401(k), FSA & HSA, employer-paid life and AD&D insurance; paid leave & disability programs
Mental health resources, such as counseling, are available to our team members
Fertility benefits - such as surrogacy, adoption assistance and more!
Paid time off to volunteer and we will match your charitable donations! We are a passionate team making real impact on the world!
Grow with us - learning & training programs; tuition & certification reimbursement; internal advancement opportunities are available...and so much more!

KEY RESPONSIBILITIES

Monitor and implement changes in HUD and LITHC regulations and other state and local requirements

Maintaining proper maintenance of tenant files and computer records to ensure accuracy according to HUD and LIHTC regulations

Independently review and approve move-in and transfer files to ensure applicants meet income and program eligibility criteria

Review initial qualifying files for accuracy and program compliance and submit to third-party reviewers; Track qualification status and works with the Director of Compliance to provide clear and accurate reporting on lease-ups, move-ins, etc.

Review completed recertification to ensure program compliance

Perform both onsite and remote audits to confirm compliance with program requirement through follow-up and closure

Monitor waitlists, LAP plans and EIV master binders for compliance with federal and state regulations

Review and submit responses for LIHTC file audits and MORs; coordinate with affordable programming and site teams to get corrections

Submit and assist in the drafting and review of timely responses to agency audits; coordinate with Affordable Programming as needed

Hold weekly office hours to assist the operations teams with questions, file corrections and audit corrections

Remain familiar with current U.S. Department of Housing and Urban Development ever changing Federal Regulations as they relate to Affordable Housing programs

Audit proper maintenance of tenant files and computer records to ensure accuracy according to HUD and LIHTC regulations

Assist analysts with annual reporting as needed

Other duties as assigned

COMPENSATION RANGE

75K - $90K per year

Plus annual performance bonus

Compensation for this position is dependent on a variety of factors, including individual qualifications and geographical location. The range provided is intended to offer a general guideline and may vary based on these factors.

Final compensation offers will be determined based on a comprehensive assessment of the candidate's background and the specific requirements of the role.

Qualifications

WHO WE ARE LOOKING FOR

5 years of relevant experience with Project Based Section 8 HUD, LIHTC and other affordable housing programs is required

Knowledge of HUD 4350.3, EIV, Reasonable Accommodation Requests, LIHTC income limits and rent calculations, Fair Housing, Real Estate Licensing

A deep sense of community awareness and a determination to make improvements

Proven ability to build trust with members of a community with different backgrounds, motivations, and concerns in order to obtain information and solve problems

COS certification minimum required, HCCP preferred

Ability to travel at least once per month, as well as, on an as needed basis (may include up to 30% travel)

A BIT ABOUT US

Related Affordable is driven by the belief that everyone deserves a quality home and works hard to deliver that for communities across the country. The" secret ingredient" to our success is our employees' genuine empathy, and we believe in investing in our talent and cultivating a positive, team-oriented environment where every voice is valued. Employees are encouraged to take on new challenges boldly, transcend the status quo, and demonstrate a strong entrepreneurial spirit.

Join our mission of creating thriving communities and making a difference in the world!

Are you ready to change lives and partner with us? Great, APPLY NOW for immediate consideration - we can't wait to speak with you!

Overview

Related Affordable spearheads Related's initiatives to preserve and enhance the nation's affordable housing supply. With over 50 years of experience in affordable housing acquisitions and development, Related Affordable is renowned nationally for its financing, preservation, and rehabilitation innovation. Presently, Related Affordable manages one of the largest affordable housing portfolios in the United States. Our team is committed to the principle that everyone deserves a quality home, and we tirelessly strive to fulfill this mission in communities nationwide. Visit our website for more information : Related Affordable Housing.

Related is an Equal Opportunity Employer

Related values diversity in backgrounds and experiences. We are proud to be an equal-opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation commensurate with experience, workplace geography, and market standards.

Related will consider for employment qualified applicants with criminal histories in a manner consistent with applicable federal, state, and local laws.

For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at

Salary : $75,000 - $90,000

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