Analyst, Affordable Housing Compliance
POSITION:
Analyst, Affordable Housing Compliance LOCATION:
TX, Austin Preferred COMPENSATION:
Pursuant to applicable regulations, if this job is performed in a relevant State, the salary range is $60,000-$75,000 plus bonus potential.
Eligible to participate in the company benefits plan.
We offer health, vision, dental, and pet insurance.
We offer a 401(k) retirement plan, student loan assistance, licensing and continuing education reimbursement, parental leave, and housing allowances or gifts.
REPORTS TO:
Director, Affordable Housing Compliance
Summary:
As the Compliance Analyst for Affordable Housing, you are primarily responsible for assisting in the oversight of Affordable Housing compliance and regulatory-related issues for our Texas-based assets.
This includes but is not limited to, ensuring compliance with program documents, financing restrictions, LIHTC and HUD regulations federally, TDHCA and TAA requirements in Texas, etc.
ESSENTIAL RESPONSIBILITIES (Including but not limited to):
Conducts regular onsite audits consisting of observing general operations and sampling tenant files to ensure compliance with program documents, financing restrictions, LIHTC requirements, HUD Regulations, TDHCA Regulations, and TAA requirements.
Conducts regular onsite audits of move-ins/outs, recertifications, lease renewals, interims, denials, waitlists, EIV requirements, reasonable accommodation policies, etc.
Produces and delivers regular audit summary reports to include items such as the improper application of policies, procedures, and/or rules by staff members.
Maintains a tracking system for all files reviewed to facilitate an assessment of the overall processes.
Ensure files are being maintained properly, kept secure, and confidential.
Assists the Compliance Director with updating Standard Operating Procedures, property forms, file checklists, and reporting concerns for all programs.
Reviews federal and state regulations for possible updates to policies, procedures, and forms.
Composes correspondence, reports, and memoranda for the assigned Manager or other management Attends regular training regarding programs with financing restrictions, including all federal, state, and local laws.
Review initial and annual tax credit certifications completed by on-site staff of assigned properties.
Review supporting verifications to determine proper documentation of sources of income and expenses and accurate completion of Form 50059 and or TIC forms.
Provide technical support to on-site Property Managers and other staff of assigned properties in the preparation of all compliance-related forms and documents.
Prepare quarterly and/or annual compliance reports to regulatory agencies, owners, investors, and lenders, including demographic information as required by respective loan documents and contracts for the assigned portfolio.
Provide support in preparation and submission of Section 8 contract renewals together with rent increase packages and utility allowance analysis for the assigned portfolio.
Prepare and submit Desk Review documents required by HUD/contract administrator, TDHCA, other local regulatory entities, and investors/lenders prior to on site inspections, and prepare responses to regulatory agencies in response to on-site inspections for the assigned portfolio Provide education and feedback to on-site staff and corporate personnel.
Communicate updates with regard to any changes in policies and procedures and best practices that need to be implemented at the site for compliance.
Bring non-compliance issues to the attention of the Supervisor and initiate corrective actions.
Assist other departments with compliance issues as requested Travel to accommodate job duties will be necessary.
Maintain compliance with all Cardinal U required training.
PREFERRED
Qualifications:
Bachelor's degree; Business, Accounting, Finance, or related field preferred.
4-6 years' experience; property management and real estate experience preferred.
Ability to exceptional attention to detail.
Strong time management skills.
Excellent verbal and written communication skills.
Read, analyze, articulate, and compile financial reports used for business correspondence.
Must be analytical, resourceful, detail-oriented, and knowledgeable of affordable housing Ability to interact effectively with prospects, residents, peers, and management both verbally in written forms.
Ability to compose written responses to audits and owner requests.
Knowledge of the current application of compliance programs, rules, and regulations.
Thorough knowledge of HUD, LIHTC, TDHCA, TAA, low-income housing tax credit, tax-exempt bond, and other affordable housing programs.
Ability to provide technical assistance on complex compliance issues in a simple and accurate manner to ensure compliant and quality applications.
Strong working knowledge of Microsoft Word, Excel, and Google Suite.
Ability to embody the Cardinal Culture and Cardinal Core Values every day.
WORK ENVIRONMENT The work environment characteristics described here are representative of those a Team Member encounters while performing the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Incumbents work in an office environment.
This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the Team Member is regularly required to use hands to finger, type, handle, or feel and talk or hear.
The Team Member is frequently required to stand; walk; reach with hands and arms, and stoop, or squat.
The Team Member is often required to sit.
The Team Member must be able to push, pull, lift, carry, or maneuver office products and supplies of up to twenty (20) pounds.
Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.
The above job description is not intended to be an all-inclusive list of duties and standards of the position.
Incumbents will follow any other instructions, and perform any other related duties, as assigned by their Team Leader.
Recommended Skills Analytical Attention To Detail Auditing Business Correspondence Communication Creativity Estimated Salary: $20 to $28 per hour based on qualifications.
Analyst, Affordable Housing Compliance LOCATION:
TX, Austin Preferred COMPENSATION:
Pursuant to applicable regulations, if this job is performed in a relevant State, the salary range is $60,000-$75,000 plus bonus potential.
Eligible to participate in the company benefits plan.
We offer health, vision, dental, and pet insurance.
We offer a 401(k) retirement plan, student loan assistance, licensing and continuing education reimbursement, parental leave, and housing allowances or gifts.
REPORTS TO:
Director, Affordable Housing Compliance
Summary:
As the Compliance Analyst for Affordable Housing, you are primarily responsible for assisting in the oversight of Affordable Housing compliance and regulatory-related issues for our Texas-based assets.
This includes but is not limited to, ensuring compliance with program documents, financing restrictions, LIHTC and HUD regulations federally, TDHCA and TAA requirements in Texas, etc.
ESSENTIAL RESPONSIBILITIES (Including but not limited to):
Conducts regular onsite audits consisting of observing general operations and sampling tenant files to ensure compliance with program documents, financing restrictions, LIHTC requirements, HUD Regulations, TDHCA Regulations, and TAA requirements.
Conducts regular onsite audits of move-ins/outs, recertifications, lease renewals, interims, denials, waitlists, EIV requirements, reasonable accommodation policies, etc.
Produces and delivers regular audit summary reports to include items such as the improper application of policies, procedures, and/or rules by staff members.
Maintains a tracking system for all files reviewed to facilitate an assessment of the overall processes.
Ensure files are being maintained properly, kept secure, and confidential.
Assists the Compliance Director with updating Standard Operating Procedures, property forms, file checklists, and reporting concerns for all programs.
Reviews federal and state regulations for possible updates to policies, procedures, and forms.
Composes correspondence, reports, and memoranda for the assigned Manager or other management Attends regular training regarding programs with financing restrictions, including all federal, state, and local laws.
Review initial and annual tax credit certifications completed by on-site staff of assigned properties.
Review supporting verifications to determine proper documentation of sources of income and expenses and accurate completion of Form 50059 and or TIC forms.
Provide technical support to on-site Property Managers and other staff of assigned properties in the preparation of all compliance-related forms and documents.
Prepare quarterly and/or annual compliance reports to regulatory agencies, owners, investors, and lenders, including demographic information as required by respective loan documents and contracts for the assigned portfolio.
Provide support in preparation and submission of Section 8 contract renewals together with rent increase packages and utility allowance analysis for the assigned portfolio.
Prepare and submit Desk Review documents required by HUD/contract administrator, TDHCA, other local regulatory entities, and investors/lenders prior to on site inspections, and prepare responses to regulatory agencies in response to on-site inspections for the assigned portfolio Provide education and feedback to on-site staff and corporate personnel.
Communicate updates with regard to any changes in policies and procedures and best practices that need to be implemented at the site for compliance.
Bring non-compliance issues to the attention of the Supervisor and initiate corrective actions.
Assist other departments with compliance issues as requested Travel to accommodate job duties will be necessary.
Maintain compliance with all Cardinal U required training.
PREFERRED
Qualifications:
Bachelor's degree; Business, Accounting, Finance, or related field preferred.
4-6 years' experience; property management and real estate experience preferred.
Ability to exceptional attention to detail.
Strong time management skills.
Excellent verbal and written communication skills.
Read, analyze, articulate, and compile financial reports used for business correspondence.
Must be analytical, resourceful, detail-oriented, and knowledgeable of affordable housing Ability to interact effectively with prospects, residents, peers, and management both verbally in written forms.
Ability to compose written responses to audits and owner requests.
Knowledge of the current application of compliance programs, rules, and regulations.
Thorough knowledge of HUD, LIHTC, TDHCA, TAA, low-income housing tax credit, tax-exempt bond, and other affordable housing programs.
Ability to provide technical assistance on complex compliance issues in a simple and accurate manner to ensure compliant and quality applications.
Strong working knowledge of Microsoft Word, Excel, and Google Suite.
Ability to embody the Cardinal Culture and Cardinal Core Values every day.
WORK ENVIRONMENT The work environment characteristics described here are representative of those a Team Member encounters while performing the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Incumbents work in an office environment.
This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the Team Member is regularly required to use hands to finger, type, handle, or feel and talk or hear.
The Team Member is frequently required to stand; walk; reach with hands and arms, and stoop, or squat.
The Team Member is often required to sit.
The Team Member must be able to push, pull, lift, carry, or maneuver office products and supplies of up to twenty (20) pounds.
Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.
The above job description is not intended to be an all-inclusive list of duties and standards of the position.
Incumbents will follow any other instructions, and perform any other related duties, as assigned by their Team Leader.
Recommended Skills Analytical Attention To Detail Auditing Business Correspondence Communication Creativity Estimated Salary: $20 to $28 per hour based on qualifications.
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