Affordable Housing Compliance Specialist

Cambridge Real Estate Services; Portland (OR); On-site; USD 47,000 - 50,000; Full time

Benefits offered by this job

Medical with annual HSA contribution $

Dental, vision, and life insurance

Paid time off and holidays

401k plan with 100% match up to 10%

Job summary

Cambridge Real Estate Services is seeking a Compliance Specialist to coordinate and monitor property compliance with affordable housing programs. The role is in-office, 40 hours per week, Monday through Friday, in Portland, OR.

The position requires a B.S. in business/finance/real estate or related field (or equivalent) and 5+ years in property or asset management with a focus on compliance. Knowledge of HUD, RD, and LIHTC is essential, with preferred Yardi and related certifications.

Qualifications

• B.S. degree in business, finance, real estate, or related field or equivalent work experience.
• Five or more years of experience in property management, asset management, or housing regulatory agency with an emphasis on compliance oversight.
• Experience in RD, HUD, and LIHTC.
• Working knowledge of Yardi preferred.
• Certification in COS, C3P, HCCP, NCP, CSC, CLS, and/or LIHTC preferred.
• Experience processing HUD HAP Voucher data to TRACS and MINC.
• Experience using EIV reports.
• Experience preparing audit documentation and responding to compliance findings.
• Understanding property regulatory agreements.

Responsibilities

• Ensure tax credit project tenant files are 100% in compliance.
• Ensure HUD project tenant files are 100% in compliance.
• Work with government agencies to generate and provide monthly reports.
• Coordinate and perform file audits by testing periodic tenant recertifications.
• Provide orientation and training to Property Managers on compliance and develop action plans for corrections.
• Keep current on changes in regional affordable housing regulations and assist in distributing this information.

Skills

Property management

Regulatory compliance

HUD/LIHTC knowledge

Yardi experience

Audit coordination

EIV reports

Education

B.S. degree in business/finance/real estate or related field

Tools

Yardi

TRACS

MINC

Job description

Compensation: $34.00 - $36.00 per hour

The Compliance Specialist, in coordination with the rest of the compliance department, is responsible for the evaluation and monitoring of properties to ensure compliance with applicable affordable housing programs. This position is in-office, 40 hours per week, Monday - Friday.

Duties

• Ensure tax credit project tenant files are 100% in compliance
• Ensure HUD project tenant files are 100% in compliance
• Work with government agencies on a regular basis to generate and provide monthly reports to numerous government agencies
• Coordinate and perform file audits by testing periodic tenant recertifications to ensure compliance with HUD, tax credit, and RD requirements
• Provide orientation and training to Property Managers on compliance and develop action plans for corrections needed
• Keep current on changes in regional affordable housing regulations and assist in the distribution of this information to asset management and property operations staff

Qualifications

• B.S. degree in business, finance, real estate, or related field or equivalent work experience
• preferred
• Five or more years of experience in property management, asset management, or housing regulatory agency with an emphasis on compliance oversight
• Experience in RD, HUD, and LIHTC
• Working knowledge of Yardi preferred
• Certification in one or more of the following: COS, C3P, HCCP, NCP, CSC, CLS, and/or any LIHTC certification preferred
• Experience processing monthly transmission of HUD HAP Voucher to HUD’s Tenant Rental Assistance Certification System (TRACS) and RD Management Interactive Network Connection (MINC)
• Experience using Enterprise Income Verification (EIV) reports
• Experience preparing the necessary documentation for audit reviews and preparing responses to address any compliance findings
• Experience understanding and applying information concerning property regulatory agreements

Benefits

Cambridge Real Estate Services offers competitive wages, incentive bonuses, medical with an annual HSA contribution to employees’ accounts of $4,400, dental, vision, and life insurance, short-term and long-term disability insurance, paid time off, paid holidays, company events, 401k plan with a 100% match up to a 10% contribution.

Requirements

Applicants offered positions will be required to complete a pre-employment screening process which includes criminal history and drug screening.

About Us

Cambridge Real Estate Services manages multi‑family housing developments in the Western US which include affordable housing, conventional communities and historic properties. Staffed by dedicated and responsive property management and maintenance professionals, we strive to exceed expectations.

EEO Policy

CRES affirms and actively promotes the right of all individuals to equal opportunity in employment without regard to any protected basis, including race, color, sex, national origin, age, religion, marital status, disability, veteran status, sexual orientation, gender identity, and gender expression or any other status or any other status protected by law.

Req# 26-66