? [Urgent] Compliance Specialist - Wilbeth Arlington Homes
Company: Redwood Communities Inc
Location: Akron
Posted on: July 12, 2025
|
|
|
Job Description:
Property Compliance Specialist Who We Are: Redwood Communities,
Inc. (“Redwood Communities”), an affiliate of Redwood Housing, is a
multifamily property management organization that manages
affordable housing communities throughout the country. To date,
Redwood Communities has assembled a best-in-class team that
currently manages a growing portfolio of properties and has built
strong working relationships with government agencies and leading
non-profit organizations to raise the standard of living for our
communities. Responsibilities: - Oversee initial eligibility of
applicants for a portfolio of properties, according to funder and
owner requirements, including preparation of the Household
Eligibility Certification (HEC). - Assist with monitoring HUD
program oversight, including wait lists and income targeting. -
Complete annual funder reporting in State Agency Tax Credit
Reporting Systems (i.e. WBARS) combined funder reporting system,
ensuring parity of information between RealPage OneSite and
compliance income and unit set aside restrictions. - Input resident
file submissions and supplemental reporting materials. - Prepare
and review resident eligibility files for audits by external
funders. - Assist Compliance Manager in drafting audit responses. -
Contribute to and participate as a member of the Property
Management team to troubleshoot problems as they arise and
suggest/initiate procedural changes as needed. - Review and enforce
policy and procedures for determining household eligibility for
federal and state funded affordable housing programs. - Assist with
conversion to software, inputting files if necessary and providing
on site and phone support. Train field staff on use of software and
proper data entry procedures. - Review information in software for
accuracy. Alert field staff of any corrections which need to be
made in software in order to properly pull reports. - Review rents,
utility allowances, household income, maximum program income and
rents to ensure compliance regulations are met. Notify compliance
department leadership of suspected or confirmed instances of
noncompliance. - Compile and assist supervisor to distribute data
monthly to property owners, site staff, syndicators, state housing
entities, reviewing agencies, etc. Review all data for accuracy and
any noncompliance issues. - Prepare for and attend annual
management reviews conducted by state housing agency
representatives, designated owner representatives and compliance
monitoring agencies. - Conduct on-site in-house file audits
documenting discrepancies or inconsistencies in applying policy
and/or regulations. Explain discrepancies and/or inconsistencies to
staff. Direct site staff on how discrepancies can be corrected
within policy guidelines. - Provide phone support for all on-site
employees interpreting and explaining program regulations and
answering questions relating to program compliance issues. - Assist
with initial lease-up of Housing Credit communities by reviewing
applications, determining eligibility of household and ensuring
that all required documentation is provided and placed in file
prior to a household moving in. - Track and gather copies of
Original Resident files on new lease-ups including all required
documentation. Review files for accuracy, informing field staff of
any necessary corrections. Ensure that corrections are made, and
any changes are copied and included in copies of the original
resident files. Keep detailed list of all files received including
building number, unit number, move-in date and name of head of
household. - Review and approve applications for residency prior to
move in. - Review and approve move-in, annual, interim, initial,
transfer, and move-out certifications for both HUD project-based
Section 8 and LIHTC programs. - Assist with management takeovers
ensuring existing residents meet eligibility requirements and files
are properly documented and all re-certifications are current. -
Assist with monthly TRACS submission. - Monitor EIV reports
(monthly, quarterly). - Maintain a good working knowledge of
Low-Income Housing Tax Credit rules, project-based and tenant-based
Section 8 federal regulations including HUD Handbook 4350.3 REV-1,
CHG-4; HUD Handbook 4350.1; HUD's Rent and Income Determination
Quality Control Monitoring Guide; form HUD-9834 Management Review
for Multifamily Housing Projects; HUD Housing Notices, in
particular the current Enterprise Income Verification (EIV) Notice;
HUD Memos; and HUD Listserv announcements. Qualifications: - High
school diploma or GED. - 5 years prior affordable housing occupancy
compliance experience that demonstrates knowledge of initial and
annual certification process, including calculating household
income for eligibility, and knowledge of annual funder reporting. -
Proficient in compliance activities required by Section 42 Tax
Credits, HUD and public funding, with the following certifications:
Certified Occupancy Specialist (COS), Spectrum Certified Credit
Compliance Professional (C3P), or equivalent…may obtain within 6
months of hire. - Familiarity with EIV policies and procedures. -
Experience in RealPage OneSite software preferred. - Familiarity
with or actual experience completing TRACS billing in property
management software. - Experience applying fair housing laws and
local landlord/tenant laws. What We Offer: - Competitive salary /
$500 sign on bonus - Incentive bonuses based on individual and
Company performance. - Top tier health, dental, and vision
benefits. - 401(k) with Company matching. - Life and disability
insurance. - Paid time off PI4aa9cabf05ff-37156-37997959
Keywords: Redwood Communities Inc, Mentor , ? [Urgent] Compliance Specialist - Wilbeth Arlington Homes, Accounting, Auditing , Akron, Ohio
