Director of Compliance
Share
Job Location:
New York City, NY - USA
Monthly Salary:
Not Disclosed
Posted on:
13 hours ago
Vacancies:
1 Vacancy
Job Summary
Job Purpose / Summary:
The Director of Compliance is responsible for managing all aspects of Low-Income Housing Tax Credit (LIHTC) and U.S. Dept of Housing and Urban Development (HUD) compliance for Shindas growing portfolio.
Key Responsibilities:
Evaluate agency requirements and implement compliance procedures for developments for all properties
- Oversee and manage Compliance Team (Tax Credit and Affordable Housing)
- Field incoming inquiries from site staff with questions directly related to income and asset eligibility legal rents and property-specific compliance requirements.
- Ensure that all properties meet compliance requirements for LIHTC Section 8 and all housing programs.
- Maintain maximum income limits rent limits and utility allowances and coordinate annual rent adjustments within the portfolio.
- Ensure that all LIHTC certifications and re-certifications are processed in a timely manner.
- Ensure that all files are reviewed and maintained in accordance with Shinda Management & HUD/LIHTC rules and regulations.
- Conduct site visits to review resident files and implement standardization of pending and recertification files.
- Maintain an organized filing system for unit files utilizing proper forms.
- Perform file audits and identify errors and/or missing documentation.
- Prepare for and attend affordable and LIHTC audits performed by state and regulatory agencies.
- Follow up with facilities on file audits to make sure corrections have been completed. Keep a log of files audited and files to be audited.
- Review new applications for completeness prior to submission.
- Provide and/or coordinate training for property management and program staff.
- Build and maintain relationships with funding agencies
- Work with Compliance Specialists Operations Regional Vice Presidents and Regional Managers to prepare for MOR and other relevant agency audits. Lead team to assist in drafting and reviewing responses to audit findings and provide follow-up to local teams to ensure ongoing compliance.
- Stay abreast of changes in relevant affordable housing rent regulation and other laws and regulations applicable to the multifamily real estate industry and initiate training to facilitate appropriate changes company wide.
- Complete other duties as assigned.
Required Experience:
Director
Key Skills
- Crisis Management
- Marketing
- Public Relations
- Fundraising
- Media Relations
- Constant Contact
- Strategic Planning
- Social Media Management
- Team Management
- Public Speaking
- Wordpress
- Writing Skills
About Company
For over three decades, SMC has been in the forefront of proven, quality real estate property management services in the New York/New Jersey metropolitan area. Our property management portfolio consists of rental housing for family and senior residents, developments funded by the low- ... View more
