Compliance Specialist

Summary of Responsibilities:

The corporate compliance specialist is responsible for ensuring full compliance with all affordable housing requirements across a multi-state portfolio of properties. This role requires comprehensive knowledge of affordable housing regulations and a strong commitment to promoting community success through regulatory excellence. The position oversees the review, approval, and monitoring of resident certifications, income and rent calculations, and regulatory reporting for programs such as LIHTC, HUD Section 8, Project-Based Section 8, HOME, BMR, MFTE, PFC, HFC, and other state or local initiatives. Serving as a technical resource for onsite teams, clients, and internal departments, the Corporate Compliance Specialist ensures consistent interpretation and application of federal, state, and local housing regulations to maintain the highest standards of program compliance and operational integrity.

Primary Responsibilities and Objectives:

• Review and approve initial, annual, and interim certifications for accuracy and program compliance
• Accurately perform rent and income limit calculations using published HUD and program-specific programs
• Verify household income, assets, and student status in accordance with Section 42, HUD 4350.3, and other applicable program rules
• Conduct file audits and prepare compliance reports for clients, investors, and regulatory agencies
• Track and submit quarterly, annual, and ad hoc compliance reports to housing authorities, HFA's and other oversight agencies
• Collaborate with property managers and regional leaders to resolve compliance findings, audit discrepancies, and file corrections
• Provide training and support to on-site staff regarding compliance procedures, income verifications, and software usage
• Maintain organized records or certifications, correspondence, and approvals in accordance with company and regulatory requirements
• Stay current with changes to federal and state compliance regulations, income limits, and utility allowances
• Respond to various questions and issues regarding property reviews
• May be required to travel to property locations to support or participate in compliance audits as necessary
• Ensure sensitive data is secure and managed appropriately within the compliance department and throughout the company
• Demonstrate Avenue5's core values of integrity, accountability, and collaboration in all compliance interactions
• Comply with all company practices, policies, and procedures as well as applicable health and safety rules and regulations, and local, state, and federal laws
• Perform other duties as assigned

Education and Experience:

• Minimum of three years of experience with affordable housing compliance is required
• In-depth knowledge of HUD 4350.3, IRS Section 42, and related compliance regulations
• State or Federal certification in affordable housing is preferred (COS, HCCP, or equivalent is preferred)
• Proficient with property management systems (Yardi, OneSite, and Real Page)

Skills and Requirements:

• Ability to read, analyze, and interpret regulatory agreements, reports, and legal documents
• Experience working with state, county, and federal funding programs
• Strong analytical thinking, data collection, problem-solving, and decision-making skills
• Proficient in the use of personal computers with advanced knowledge of Microsoft Word, Excel, and email applications
• Skilled in operating general office equipment, including telephone, fax machine, printer, and copier
• Excellent customer service and interpersonal skills with the ability to build and maintain positive relationships
• Professional verbal and written communication skills
• Strong organizational and time management abilities
• Demonstrated ability to multitask and prioritize effectively
• Proven ability to make sound and timely decisions
• Goal-oriented with the ability to set and achieve objectives
• Consistent ability to meet deadlines and manage competing priorities
• Flexibility to adapt quickly to changing business needs and processes
• Commitment to maintaining confidentiality and handling sensitive information with discretion
• Complete and successfully pass the Avenue5 Fair Housing and Preventing Discrimination and Harassment training and other courses if assigned

Scheduling:

• Required to maintain a regular schedule, which may also require working outside of the regular schedule, weekends, and non-traditional holidays

Environment:

• Exposure to environment typically found in an office building

Physical Requirements:

Avenue5 will make reasonable accommodations to enable individuals with disabilities to perform essential functions. These functions include, but are not limited to:

• Ability to lift, push, and pull up to 25 pounds
• Ability to sit in a confined area for many hours at a time
• Must be able to observe and detect signs of emergency through visual and/or auditory cues
• Must be able to remain stationary, move around, reach, and position oneself as needed for extended periods
• Ability to communicate and express or exchange ideas with others, as well as those activities in which they must convey detailed or important instructions to other workers accurately, loudly, or quickly
• Ability to perceive the nature of sounds at normal speaking levels, including the ability to receive detailed information through oral communication, and to make the discriminations in sound
• Visual requirements, including color, depth perception, and field vision
• Ability to compare, copy, coordinate, synthesize, negotiate, communicate, and instruct
• Ability to tolerate stressful situations
• Ability to work under minimal to moderate supervision

This job description is not an all-inclusive list of functions and tasks. Over the length of employment, these functions and tasks may change.

Diversity:

Diversity creates a healthier atmosphere: Avenue5 is an Equal Employment Opportunity/Affirmative Action employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.