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Lockwood Companies · 7 hours ago

Compliance Specialist

Southfield, MI, US

Full-time

Onsite

Mid Level

3+ years exp

Lockwood Management is seeking a Compliance Specialist to assist the Compliance Manager with proactive compliance monitoring for Low Income Housing Tax Credit (LIHTC) and Section 8 properties. The role involves reviewing tenant certification files, providing program compliance support during audits, and delivering compliance training activities.

ConstructionProperty DevelopmentReal EstateResidential

Responsibilities

Review and approve new tenant certification files for assigned communities. Cover move-in packages for other compliance staff during their vacation period. (Expected turnaround time 24 hours, 48 hours maximum)

Review annual tenant re-certifications and interims if applicable during quarterly audit and enforce timely compliance. (file audit basis on community visits)

Provide program compliance support to communities during State, Federal or private audits and inspections. Perform on-site file audits prior to State, Federal or private audits (travel required). Maintain correspondence with MSHDA or other agencies regarding tax credit compliance issues

Assist in the EIV training in order to ensure submissions are done timely and accurately

Maintain accuracy of COL submissions and respond to any COL submission inquiries or clarifications as needed. Export community COL resident data for submission to MSHDA

Review voucher request and Tenant data prior to sending to CA, and will respond to any TRACS errors. Assists with monthly TRACS transmissions for all Section 8/HUD programs to Contract Administrator prior to the 10th of each month utilizing property management software

Maintaining document library in property management data base

Assist manager with compiling necessary documentation required to cure any non-compliance issues that may arise

Monitoring set-asides, rents, incomes, eligibility requirements etc are in compliance

Assist in delivering compliance training activities, including presenting the power point presentations, lecture and preparation and testing. Assist manager in training on tenant certifications, annual certifications coordination compliance program training and education to all new leasing, management and community team employees

Assist with special claims processing to ensure full potential reimbursement is realized

Assist with compiling utility data for the MSHDA-financed sites and calculate the utility allowances. Non-MSHDA financed sites will use the PHA provided utility allowances

Keep abreast of new regulations and policies relating to compliance

Maintain clear lines of communication

Other duties as assigned

Travel of 50%

Qualification

Tax Credit ComplianceSection 8 ComplianceAffordable Housing ExperienceEIV & TRACSMicrosoft Office SuitePeople SkillsReport WritingPresentation Skills

Required

Three to five years of equivalent professional training experience a must preferably in the affordable housing industry

Additional professional certification in tax credit or Section 8 compliance is required

Excellent people skills are critical for this position

Ability to read, analyze, and interpret compliance articles and training materials

Ability to write reports to owners, response to audits, business correspondence, and procedures manuals

Ability to effectively present information and respond to questions from groups of residents and management employees, owners, lenders, investors and third party auditors

Familiarity and experience with Microsoft office suite, spreadsheets, and tenant data base management

Experience with HUD Secure Systems including EIV & TRACS, COL, internet software, email, and other software

A valid driver's license is a requirement

Travel by car or commercial air and physically visiting sites frequently is a requirement