Compliance Monitor
NCHFA - raleigh, NC
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OverviewAt NCHFA, we provide safe, affordable housing opportunities to enhance the quality of life of North Carolinians. We are a self-supporting public agency that, since its creation by the General Assembly, has financed more than 310,700 affordable homes and apartments.ResidencyMust be a resident of North CarolinaLocationRemoteHybrid allowedGroupCommunity Living and Rental AssetsAre you a site manager, regional manager or compliance team member with a background in multifamily affordable apartment management who is passionate about making a difference in communities through affordable housing initiatives? If so, we invite you to join our dynamic team at the North Carolina Housing Finance Agency (NCHFA). As part of the Rental Asset Management team at NCHFA, you will have the opportunity to work alongside a dedicated team of professionals who share a common mission: to expand access to safe, affordable housing for all North Carolinians.As a member of the Community Living & Rental Asset team, you will be responsible for monitoring regulatory and loan compliance of multifamily rental properties based on the funding sources applicable to the property. Monitoring efforts include conducting tenant file reviews and physical inspections, providing technical assistance to partners, participating in training, and other special projects as assigned. The team is responsible for ensuring multifamily properties receiving funding from NCHFA are in compliance with all applicable regulations, including LIHTC, HOME, National Housing Trust Fund, state funding sources and others as applicable.Are you ready to engage in an excellent career opportunity within a mission-driven organization? If yes, apply today!Salary Range$60,792 - $75,102Main ObjectiveDesk AuditsReviews documentation provided by property ownersmanagement agents on non-complex properties to determine compliance with program requirements such as income limits, rent restrictions and tenant eligibility.Identifies non-compliance issues and makes recommendations for corrective municates with property ownersmanagement agents regarding compliance status and needed corrective actionProperty & Unit Physical InspectionsPerforms on-site inspections of non-complex properties and units to determine compliance with program requirements and inspection standards related to overall condition, safety, sanitation, maintenance and repairs.Identifies inspection non-compliance, makes recommendations for corrective municates with property ownersmanagement agents regarding inspection compliance status and any needed corrective action.Asset Management System (AMS) Data IntegrityMonitors data integrity of AMS data fields in the course of performing desk audits and on-site inspections, focusing on accuracy and completeness.Identifies AMS data discrepancies, makes recommendations for corrective municates with property ownersmanagement agents regarding data integrity issues and any needed corrective action.Regulatory Compliance and ReportsStays abreast of regulatory requirements in the course of performing desk audits and on-site inspections, focusing on compliance with regulatory documents such as the Qualified Allocation Plan (QAP), Land Use Restriction Agreement (LURA), and HOME written Agreement, to ascertain compliance with requirements imposed by each funding source.Reviews Annual Owner Certifications (AOCs), and other data and documentation uploaded into the Asset Management System (AMS) related to property specific household eligibility, household incomes, rents charged to tenants, and utility allowances to determine if regulatory requirements are being followed.Identifies regulatory issues, makes recommendations for corrective action to restore municates with property ownersmanagement agents regarding regulatory compliance issues and any needed corrective action.Technical AssistanceProvides technical assistance on asset management and general rental compliance topics of a basic or fundamental nature related to regulatory requirements, property operations best practices, and NCHFA data and documentation requirements via providing telephone or written correspondence, as well as engaging with participants at trainings and meetings. Communicates with property managersproperty owners regarding technical assistance of a basic or fundamental nature.Training design, content creation and facilitationParticipates in training planning and content creation for property owners, management agents and stakeholders on asset management and general rental compliance topics such as regulatory requirements, property operations best practices, and NCHFA data and documentation requirements by attending training planning meetings, and making recommendations to senior team members and supervisor about changesupdates.Attends trainings to increase proficiency of Asset Management policies and procedures relevant to the training topics and to increase experience working in a training environment.Participates in facilitating and presenting training on policies and procedures on topics that are basic or fundamental and answers general non-complex questions as it relates to the applicable training topics.Focus Areas Asset Management and Compliance team focus areas include: physical inspections constructionbuilding code, financial statement review and analysis, financial processing (rents and reserves), coordinating public training events, updating of policies procedures, reviewing management documents, approving utility allowances, performing federal reporting, reviewing annual owner certifications, monitoring Supportive Housing, and workouts of troubled properties, which are essential to carrying out regulatory obligations imposed by funding sources, and promoting regulatory compliance of partners.Maintains good understanding of the fundamental requirements of all team focus areas.Have intermediate proficiency in specific focus areas assigned by supervisor, by working in the focus areas as a contributor, through continued training, taking classes, and reading resource materials, following a training plan approved by supervisor.Works as a contributor in specific focus areas for which there is aptitude and affinity, as assigned by supervisor.Education & ExperienceBachelor's degree in a related field and 2 years of experience with general knowledge of the fundamentals of affordable rental housing, such as: affordable rental housing management, occupancy compliance, asset management, andor rental housing physical inspections. Will consider an equivalent combination of relevant education and experienceAdditional CertificationsTraining Requirements: One or more basic TC Certification (C3P, SHCM, TaCCs, or TCS) Completion of the following classes: LIHTC Compliance 101, LIHTC Advanced Compliance, Basic Fair Housing (generic)Preferred CertificationsTrainings: Rural Development Certification (STAR, etc.), Section 8 Certification (COS, CPO, etc.), Blended Compliance Certification, (BCD, other examples), NSPIRE Completion of the following classes: DHHS Targeting and KeyV&R, Supportive Housing Compliance: Building HOME, NC LandlordTenant Law, Financial Statement analysisSalary is commensurate with relevant education and experience.Knowledge, Skills, & AbilitiesGeneral knowledge of Federal (HUD and RD) and state affordable rental housing regulations, HUD occupancy requirements, HUD physical condition standards, general knowledge of Fair Housing, and additional requirements depending on assigned focus area(s).Intermediate knowledge Excel, Microsoft Word, Excel, Outlook; good knowledge of PowerPoint.Solid written and verbal communication skills and proven ability to work in a team environment.Strong time management skills and attention to detail (including thoroughness and accuracy).BenefitsMajor Medical > Dental> Vision> Health Care FSA> Dependent Day Care FSA> Cancer> Critical Illness> Disability (long and short-term) > Voya Travel Assistance> Term Life> Accidental Death & Dismemberment> Accident> Voluntary 401k & 457> Teachers' and State Employees Retirement System (PENSION!) > Continuing Education> Professional Development> Annual Longevity Check (at service milestones)Paid Time Off: 12 holidays + Accrued Vacation> Sick> Personal> Community ServiceParental> Personal Observance> Bereavement>FMLA> Family Illness Leave> Paid Parental LeaveJob Number3010-000-0021-399Vacancy Number24009Closing DateOpen Until FilledResumeRequired
Created: 2024-10-12