SMC is seeking a Compliance Specialist to join our compliance department. Under the supervision of the Manger and/or Director of Compliance, this candidate is responsible to maintain the SMC portfolio in accordance with regulatory program and agency requirements, applicable Fair Housing Laws, and the company policy and procedures. Essential Role and Responsibilities - Ensure compliance with program regulatory requirements (e.g. LIHTC, Section 8, Inclusionary Housing, HOME, and other programs), Fair Housing Standards
- Fully process and complete initial certifications, annual recertifications, leases and lease renewals within assigned portfolio - e.g. move-in's, move-out's, transfers. Some sites may require recertifications, gross rent change, 50059's etc
- Participation in marketing and leasing functions related to all affordable housing programs and applications, including remarketing assessments, interviewing applicants, and processing appeals
- Process tenant rental payments, Housing Assistance Payments (HAP), post HAP Payments, manage Tenant Rental Assistance Certification System (TRACS) and review Tenant Income Certification (TICs). Some sites required processing and reviewing EIV reports/corrections, repayment agreements, and process special claims
- Pre-audit LIHTC/HUD and HOME tenant files for all properties including mixed-blended
- Assist with preparation of site audits
- Assist with the LIHTC portion of the rent ups
- Assist with review of Certified Rent Rolls mid-year and at year end
- Assist with preparation of Annual Owner Certifications
- Tracking and corrections of any and all 8823s
- Prepare of HOME Annual Owner Certifications
- Centralize and maintain LIHTC tenant files for audit ready purposes
- Perform in-house audits as needed
- Prepare reports as needed
- Other duties as assigned
Job Type: Full-time Pay: $55,000 - $65,000 per year
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