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Property Compliance Specialist (Affordable/Tax Credit), Sacramento, CA

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Excel Residential Services

Property Compliance Specialist (Affordable/Tax Credit), Sacramento, CA

Sacramento, CA
Full Time
Paid
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  • Responsibilities

    Job Description

    JOB DESCRIPTION:

     

    • Ensures COMPLIANCE with the LOW-INCOME HOUSING TAX CREDIT (LIHTC) PROGRAM and other state and local funding programs for AFFORDABLE HOUSING.
    • Monitors sites for REGULATORY AND COMPANY POLICY COMPLIANCE.
    • Provides support at each of the Company's AFFORDABLE HOUSING properties with on-site visits, and serves as a help desk for Compliance issues.
    • Utilizes knowledge of local, state and federal laws and regulations relevant to affordable multi-family housing development, HOUSING TAX CREDITS PROGRAM to evaluate projects and provide assistance to ensure property managers are compliant.
    • Understands and supports the Company's Mission and Core Values.

     

    RESPONSIBILITIES:

     

    • Plans and conducts on-site reviews of projects whose funding sources consists of TAX CREDIT, TAX EXEMPT BONDS, CALHFA, and other private and public sources.
    • Verifies Compliance with rules and regulations of various funding sources, FAIR HOUSING STANDARDS and the Company's Policies and Procedures.
    • Ensures Compliance with income limits and maximum allowable rent that are imposed by funding sources and regulatory agreements.
    • Assists the Compliance Manager/Supervisor with the implementation of policies, procedures and processes, along with quarterly reports for properties financed with tax-exempt bonds.
    • Reviews and approves ANNUAL INCOME RE-CERTIFICATIONS (A/RS) and all NEW MOVE-IN FILES, as mandated by various programs such as HOME, LIHTC, etc.
    • Establishes AUDIT CALENDAR to ensure timely completion of A/RS by deadline.
    • Establishes and implements WEEKLY FILE AUDIT SCHEDULE to include detailed follow up report.
    • Provides weekly update on completed and outstanding A/RS.
    • Identifies trends in non-compliance and recommends appropriate corrective action through changes in policies and procedures and training, and working with property managers to implement these.
    • Provides Compliance-related consultative services to site managers and their administrative staff, while serving as a "role model" for the on-site team.
    • Maintains YARDI DATABASE and ensures that on-site staff are kept current on YARDI procedures and updates.
    • Ensures regular and predictable attendance.
    • Attends to other duties, as assigned.

     

    QUALIFICATIONS:

     

    • TWO TO THREE (2-3) YEARS OF EXPERIENCE in TAX CREDIT AFFORDABLE HOUSING PROPERTY MANAGEMENT or in a relevant Housing Regulatory Agency.
    • MULTI-SITE (OR REGIONAL) RESIDENTIAL PROPERTY MANAGEMENT experience preferred.
    • College degree (preferred).
    • Must be a COS (Certified Occupancy Specialist) or CPO (Certified Profession of Occupancy).
    • Must also be certified as a TCS (Tax Credit Specialist), SCS (Site Compliance Specialist) or SHCM (Specialist in Housing Credit Management).
    • CERTIFIED IN LIHTC COMPLIANCE.
    • Knowledge of FAIR HOUSING LAWS, relevant California statutes and local rent control laws as they apply to the leasing and occupancy of TAX CREDIT AFFORDABLE HOUSING.
    • Proficient in YARDI, along with MICROSOFT WORD, EXCEL and OUTLOOK, and able to use technology and software to improve processes and enhance efficiencies.
    • Detail-oriented and highly-organized. Able to work on multiple projects simultaneously and prioritize to meet deadlines.
    • Able to stay calm and provide excellent customer service at all times, both externally and internally.
    • Excellent written and verbal communication skills.
    • Committed to continuous learning to maintain up-to-date knowledge of rules and regulations.

     

    WORK ENVIRONMENT:

     

    The essential responsibilities of this position are performed in a busy office environment. This position requires that you must be able to keep focused and maintain a pleasant and professional attitude in an environment with many interruptions and distractions.

     

    TRAVEL REQUIREMENTS:

     

    Frequent car travel to visit Community properties. Additional travel may be required to visit colleagues at other agencies or to participate in training programs and/or conferences.

    Company Description

    Excel Residential Services, Inc. is a full-service property management company established in 2001, and specializing in multifamily real estate. The Company has managed over 112 properties consisting of over 6,500 apartment units. Additionally, our Affiliate Companies have managed over 200 properties, totaling over 17,000 apartment units in the United States. From 2015, the Company has managed Affordable Housing residential apartments, under the Low Income Housing Tax Credit (LIHTC) program. It currently owns and manages over 35 LIHTC properties totaling 2,300 units, mostly in and around the City of Los Angeles in California. Excel Residential Services, Inc. employs a highly motivated team of talented individuals with diverse skills and over 50 years of combined property management experience. This provides us with the necessary market-specific expertise in today’s complex and constantly evolving real estate landscape. The Company also recognizes that each property is unique and thus customizes its services to fit each property’s specific needs.