Low Income Housing Tax Credit (LIHTC) Compliance Specialist

Description

The Compliance Specialist is responsible for ensuring compliance with Low-Income Housing Tax Credit (LIHTC) regulations and other affordable housing program requirements for a the community. This role works closely with community management teams, residents, owners, and regulatory agencies to ensure adherence to federal, state, and local housing regulations, Fair Housing requirements, and program eligibility standards.

The Compliance Specialist maintains accurate resident files, oversees certification and recertification processes, monitors regulatory compliance, and assists with financial and billing-related functions. This position requires exceptional attention to detail, strong organizational skills, and the ability to manage evolving compliance requirements within affordable housing and healthcare-related programs.

Essential Duties and Responsibilities

The following duties are representative of the position and may be performed with or without reasonable accommodation:

• Administer compliance activities for Low-Income Housing Tax Credit (LIHTC)  communities and other affordable housing programs.
• Review and approve applicant eligibility in accordance with program regulations  and company standards.
• Coordinate leasing compliance activities, annual and interim income certifications,  and resident recertifications.
• Conduct  audits and reviews of resident files to ensure accuracy, completeness, and regulatory compliance.
• Monitor ongoing compliance with federal, state, and local affordable housing  regulations.
• Investigate, resolve, and document compliance issues, deficiencies, and regulatory  findings.
• Prepare  reports and maintain documentation required by property owners, investors, and regulatory agencies.
• Assist  with accounts receivable activities, including resident payment tracking  and voucher reconciliation.
• Support    Medicaid, Medicare, and Frail Elder Waiver billing processes, ensuring timely and accurate submissions.
• Collaborate  with management teams to ensure operational compliance and adherence to  Fair Housing guidelines.
• Maintain  current knowledge of changing regulations, laws, and industry best practices affecting affordable housing and healthcare-related programs.
• Provide  guidance and training to site personnel regarding compliance requirements  and procedures.

Requirements

 Education and Experience

• Associate  degree in Accounting, Business Administration, Finance, Healthcare  Administration, or a related field required; bachelor's degree preferred.
• Minimum  of two (2) years of experience in affordable housing compliance, property  management, accounting, healthcare billing, or a related field; or an equivalent combination of education and experience.
• Experience   with Low-Income Housing Tax Credit (LIHTC) programs preferred.
• Experience  with Medicaid, Medicare, and Frail Elder Waiver billing preferred.

Knowledge, Skills, and Abilities

• Working  knowledge of affordable housing compliance regulations, including LIHTC  requirements and Fair Housing laws.
• Understanding  of Generally Accepted Accounting Principles (GAAP).
• Excellent  verbal and written communication skills with the ability to effectively      communicate detailed information to residents, management, and regulatory  agencies.
• Strong  organizational, analytical, and problem-solving skills.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Demonstrated  attention to detail and commitment to accuracy.
• Ability  to learn and apply complex and frequently changing regulatory requirements.
• Proficiency  with Microsoft Office Suite, including Excel, Word, Outlook, and Teams.
• Ability  to operate standard office equipment, including multi-line phone systems,  copiers, scanners, and calculators.
• Ability  to work independently while contributing effectively as a member of a  collaborative team.

Preferred Certifications

• Tax  Credit Specialist (TCS), Housing Credit Certified Professional (HCCP), Certified Occupancy Specialist (COS), or similar affordable housing  certification preferred.

Required Behavior· Demonstrates responsibility for, and handles accurately, the details associated with one’s work. · Organizes office resources in standardized manner to ensure compliance with federal/state regulations and to ensure timely location of files as needed to assist in making business decisions.· Modifies style and approach in order to achieve a specific objective.· Ability to define realistic, specific goals and objectives. Able to define tasks and deliverables necessary to meet goals. Can assign resources and set priorities to meet goals.· Builds processes and policies in a way designed to drive efficiency and continuous improvement.· Commitment to continuous improvement of business practices and to assuring that completed work adheres to high standards of accuracy and excellence.· Identifies, obtains and effectively allocates the resources required to achieve applicable goals.· Ability to work varied schedules to include weekends, evenings and holidays.· Demonstrated ability to maintain confidentiality.