Illinois Housing Development Authority · 6 hours ago
Compliance Analyst - AM
Chicago, IL
Full-time
Hybrid
Entry Level
$52K/yr - $65K/yr
1+ years expThe Illinois Housing Development Authority (IHDA) is a leading Housing Finance Agency committed to financing affordable housing in Illinois. The Compliance Analyst will monitor compliance for IHDA-assisted developments, ensuring adherence to operational standards and regulations.
Financial ServicesLendingReal Estate
Responsibilities
Implements proactive strategies to resolve properties’ operational condition compliance issues
Informally paired with a compliance group for each project inclusive of an Asset Manager, Physical Inspector, and Financial Analyst
Formally paired with a Senior Asset Manager or Asset Manager assigned to the same project portfolio to provide coordinated, comprehensive service
Collects and contributes data to determine annual operations rating
Intakes, tracks and processes annual compliance submissions, reviews packages for completeness, follows -up regarding incomplete or error-filled submissions
Conducts ongoing desk, limited desk, and other monitoring reviews of assigned portfolio of projects based on prescribed timeframes (to assess and facilitate compliance with applicable Federal, State, local rules, and standards)
During monitoring reviews, assesses the operational compliance (i.e., management, occupancy) against related regulatory requirements so that the related housing remains affordable, decent, safe, and sanitary
Prepares and maintains all operational compliance documentation (including compliance monitoring findings, responses, resolutions, reports) as required
Develops initial and ongoing rent schedules, utility allowances, rent/income limits (in coordination with appropriate data systems)
Proactively communicates with the property owner, manager, agent regarding operational issues, compliance requirements, options, and deadlines for resolution
Coordinates development, circulation, and submission of 8823 forms for tax credit properties
Solicits, reviews, approves, and processes Certifications, Management Plans, Management Agreements, Tenant Selection Plans (TSP), Lease, Form Lease Riders, Affirmative Fair Housing Marketing Plan (AFHMP), TST-2 and other tax credit forms, Lead-Based Paint Certifications, Rent Schedules, Utility Allowances, 8823s, 8609s, etc. (to assess and facilitate compliance with applicable Federal, State, local rules and standards)
Participates in pre-occupancy and post-closing discussions and meetings as appropriate
Provides program/funding source/system informational and technical assistance, guidance, and direction to internal staff as well as property owners/agents
Proactively follows up on previously noted compliance deficiencies to ensure proper and timely resolution
Performs other duties and handles other special projects/initiatives as assigned
Qualification
Required
Bachelor's degree required. Experience may be substituted for education at the discretion of the Asset Management department
At least 1 year experience with multifamily rental housing developments required
Proficiency in Microsoft Office Suite required
Preferred
Affordable housing experience preferred
Thorough knowledge of the following funding sources/programs desired: LIHTC, HOME, Section 8, Risk Share, Tax Exempt Bonds, and Illinois Affordable Housing Trust Fund
Training: Certified Occupancy Specialist (COS), Tax Credit Specialist (TCS), Blended Occupancy Specialist (BOS), HOME Compliance Specialist (HCS), Housing Credit Certified Professional (HCCP) training desired (completed within one year or earliest available date, whichever is later)
Certifications: Certified Occupancy Specialist (COS), Tax Credit Specialist (TCS), Blended Occupancy Specialist (BOS), HOME Compliance Specialist (HCS), Housing Credit Certified Professional (HCCP) preferred
Benefits
Paid time off, plus paid holidays
Medical/dental/vision/life insurance plans
Short/long term disability
Tuition reimbursement
Flex spending
401K plan – immediate vesting
IHDA employees may be eligible for federal loan forgiveness programs
Company
Illinois Housing Development Authority
Illinois Housing Development Authority provides an array of loans, mortgage, lending, financial, housing, rental, and real estate services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Timothy Hicks
Deputy Chief Financial Officer, Managing Director Accounting
Keith Evans
Chief Information Officer
Recent News
2025-07-16
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