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 HSA

Dental

Vision

Life insurance

Disability

PTO

Holidays

401k match

Job summary

Cambridge Real Estate Services seeks a Compliance Specialist to evaluate and monitor properties for compliance with affordable housing programs. The role is in-office, full-time (40 hours weekly), Monday to Friday, reporting to the Compliance Department.

You will ensure tax credit and HUD file compliance, coordinate government reporting, and train Property Managers on corrective actions while staying current on regional regulations.

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, LIHTC preferred.
• Experience processing HUD HAP/TRACS and MINC transmissions.
• Experience using EIV reports.

Responsibilities

• Ensure tax credit and HUD project tenant files are 100% compliant.
• Coordinate with government agencies to generate monthly reports.
• Audit tenant files and recertifications for HUD, tax credit, and RD compliance.
• Provide orientation and training to Property Managers on compliance.
• Monitor changes in regional affordable housing regulations and share updates with staff.

Skills

Property management

Regulatory compliance

Audit coordination

Reporting to government agencies

Education

B.S. in business, finance or real estate

Tools

Yardi

TRACS

MINC

EIV reports

Job description

Compensation: $34.00 - $36.00 per hour

Summary
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

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.