Compliance Specialist
Green Alpha Property Management, Raleigh, North Carolina, United States, 27601
Compliance Specialist in Raleigh, NC (on-site)
Affordable Housing Solutions (AHS) is a nonprofit organization committed to preserving and strengthening affordable housing across the southeastern United States. Rooted in the belief that housing is a basic need, AHS partners with affordable housing operators, primarily within the LIHTC space, to support long-term property success and maintain critical housing inventory.
Summary The Compliance Specialist supports Affordable Housing Solutions by ensuring properties remain fully compliant with Low-Income Housing Tax Credit (LIHTC) and regulatory requirements. This role is responsible for reviewing and auditing household files, interpreting Land Use Restriction Agreements (LURAs), identifying and resolving compliance risks, and supporting ongoing monitoring, audits, and reporting. The annual salary is $50,000 - 60,000.
Responsibilities LIHTC File Review and Analysis
Review applicant and resident files to ensure compliance with LIHTC income and eligibility requirements.
Verify accuracy and completeness of certifications, recertifications, income calculations, asset documentation, student status, and household composition.
Identify compliance risks, discrepancies, and potential noncompliance issues.
Complete reviews within required timeframes and elevate issues when necessary.
LURA and Regulatory Analysis
Review and analyze Land Use Restriction Agreements (LURAs) to understand property‑specific affordability requirements, set‑asides, income limits, rent restrictions, and compliance periods.
Apply LURA requirements consistently during file reviews and compliance monitoring.
Assist internal teams in interpreting LURA provisions and identifying potential compliance risks.
Compliance Monitoring
Monitor ongoing compliance with LIHTC requirements, including income limits, rent limits, and utility allowances.
Support preparation for state housing agency reviews, audits, and monitoring visits.
Assist with internal compliance reviews and quality control efforts.
Communication and Technical Support
Serve as a compliance resource for site staff by responding to LIHTC‑related questions.
Provide clear, written feedback on file deficiencies and corrective actions.
Communicate compliance requirements in a practical and supportive manner.
Follow up to ensure identified issues are resolved and properly documented.
Documentation and Reporting
Maintain accurate records of file reviews, findings, and resolutions.
Support compliance tracking, reporting, and documentation standards.
Contribute to process improvements and best practices within the compliance function.
Qualifications
2 to 5 years of experience in LIHTC compliance, including household file review and certification auditing.
Strong working knowledge of LIHTC program requirements and affordability restrictions.
Experience interpreting and applying LURAs and regulatory agreements.
High attention to detail with strong time management and organizational skills.
Ability to work independently and collaboratively in a mission‑driven nonprofit environment.
Strong written and verbal communication skills.
Demonstrated flexibility, follow‑through, and sense of urgency in addressing compliance issues.
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Summary The Compliance Specialist supports Affordable Housing Solutions by ensuring properties remain fully compliant with Low-Income Housing Tax Credit (LIHTC) and regulatory requirements. This role is responsible for reviewing and auditing household files, interpreting Land Use Restriction Agreements (LURAs), identifying and resolving compliance risks, and supporting ongoing monitoring, audits, and reporting. The annual salary is $50,000 - 60,000.
Responsibilities LIHTC File Review and Analysis
Review applicant and resident files to ensure compliance with LIHTC income and eligibility requirements.
Verify accuracy and completeness of certifications, recertifications, income calculations, asset documentation, student status, and household composition.
Identify compliance risks, discrepancies, and potential noncompliance issues.
Complete reviews within required timeframes and elevate issues when necessary.
LURA and Regulatory Analysis
Review and analyze Land Use Restriction Agreements (LURAs) to understand property‑specific affordability requirements, set‑asides, income limits, rent restrictions, and compliance periods.
Apply LURA requirements consistently during file reviews and compliance monitoring.
Assist internal teams in interpreting LURA provisions and identifying potential compliance risks.
Compliance Monitoring
Monitor ongoing compliance with LIHTC requirements, including income limits, rent limits, and utility allowances.
Support preparation for state housing agency reviews, audits, and monitoring visits.
Assist with internal compliance reviews and quality control efforts.
Communication and Technical Support
Serve as a compliance resource for site staff by responding to LIHTC‑related questions.
Provide clear, written feedback on file deficiencies and corrective actions.
Communicate compliance requirements in a practical and supportive manner.
Follow up to ensure identified issues are resolved and properly documented.
Documentation and Reporting
Maintain accurate records of file reviews, findings, and resolutions.
Support compliance tracking, reporting, and documentation standards.
Contribute to process improvements and best practices within the compliance function.
Qualifications
2 to 5 years of experience in LIHTC compliance, including household file review and certification auditing.
Strong working knowledge of LIHTC program requirements and affordability restrictions.
Experience interpreting and applying LURAs and regulatory agreements.
High attention to detail with strong time management and organizational skills.
Ability to work independently and collaboratively in a mission‑driven nonprofit environment.
Strong written and verbal communication skills.
Demonstrated flexibility, follow‑through, and sense of urgency in addressing compliance issues.
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