Job Overview:
The Compliance Analyst is responsible for ensuring full regulatory and program compliance across a portfolio of affordable housing communities with layered funding sources, including Low-Income Housing Tax Credit (LIHTC), Project-Based Section 8, HUD, and State Referral Network (SRN) programs. This role involves conducting periodic file reviews, monitoring income and rent limits, training site staff on program requirements, and coordinating with ownership, management, and agencies to maintain compliance and protect project eligibility. Travel to assigned properties is required for audits, inspections, and compliance reviews.
Key Duties and Responsibilities:
Conduct detailed file audits and reviews for move-ins, recertifications, and interims to ensure accuracy and compliance with LIHTC, HUD, PBRA, and SRN program rules.
- Perform on-site and remote compliance monitoring visits across the portfolio; prepare detailed compliance reports and follow-up action plans.
- Review and track annual income and rent limits; verify that rent schedules and utility allowances are updated accordingly.
- Monitor and maintain property compliance tracking systems, including tenant data, certifications, and reporting tools.
- Assist property staff in resolving non-compliance issues, correcting tenant file deficiencies, and responding to agency findings.
- Coordinate with state housing finance agencies, HUD, and contract administrators during audits, MORs, and inspections.
- Train site managers and leasing staff on program requirements, eligibility calculations, verification processes, and proper documentation.
- Ensure timely submission of required reports and certifications to regulatory agencies and investors.
- Support new property takeovers or lease-ups by setting up compliance files, establishing procedures, and reviewing initial tenant certifications.
- Travel to assigned sites as needed for audits, compliance monitoring, or staff training (estimated 25–40%).
Required Skills and Qualifications:
· Strong working knowledge of LIHTC, HUD 4350.3, Project-Based Section 8, and SRN program requirements.
- Proficiency in income and asset calculation, student status verification, rent limit testing, and layered program compliance.
- Excellent attention to detail, organizational, and analytical skills.
- Ability to interpret and apply complex regulatory guidance and maintain compliance across multiple subsidy types.
- Strong written and verbal communication skills; ability to prepare clear compliance reports and correspondence.
- Skilled in AppFolio, DMS, Onsite, or similar property management/compliance software.
- Proficient in Microsoft Excel and other data management tools.
- Ability to travel independently to multiple sites across assigned regions.
- Certification in LIHTC Compliance (e.g., HCCP, TCS, COS, or equivalent) preferred.
- Minimum 2–3 years of affordable housing compliance experience required.
