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Compliance Manager - LIHTC

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Raleigh
 NC
Postal Code
27615
Country
United States

This job is no longer active.

Description


Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a Compliance Manager. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC that helps develop and foster healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. Our portfolio comprises over 600 assets in eleven states. CAHEC also invests in the people living in the properties we help finance through innovative enrichment opportunities called Community Investments.

The Compliance Manager is a member of CAHEC’s Transitional Asset Management Team, providing regulatory oversight for a portfolio of investments from transaction closing through stabilization. This position reviews proposed deal structures contemplated during the acquisition phase as they relate to various program requirements, manages the initial tenant file audit process, monitors and reports lease-up progress, tracks the delivery of tax credits and calculates credit adjusters. After investment stabilization, the Compliance Manager provides regulatory guidance and acts as a subject matter expert to both internal and external customers regarding LIHTC provisions as well as other applicable multi-family, affordable housing programs.  

Some specific functions include:

  • Review the marketing strategy and lease-up objectives for each investment to ensure they are realistic and achievable.
  • Create and provide strategies to expedite the tenant qualification process and tax credit delivery for CAHEC’s proposed investments.
  • Review weekly lease-up progress with management agents and monitor the achievement of full qualified occupancy.
  • Calculate initial year tax credit delivery as well as timing and delivery adjusters.
  • Oversee the initial tenant file qualification process, including the selection and management of third-party contractors responsible for conducting initial tenant file reviews on CAHEC’s behalf.
  • Serve as CAHEC’s compliance subject-matter expert by providing ongoing regulatory support and coaching.

Education Requirement

Bachelor’s degree in business management, business administration, accounting, finance, real estate; or an equivalent combination of education and comparable work experience. 

Licenses/Certifications:  At least one industry accredited LIHTC compliance certification.

Work Experience

Minimum five (5) years of progressively responsible work experience relevant to LIHTC compliance practices and procedures, and marketing and lease up of multifamily assets.

Knowledge, Skills, and Abilities

Comprehensive knowledge of the LIHTC program and other applicable housing programs such as HOME, RD 515 and HUD.

Comprehensive knowledge of the tax credit delivery process, including 8609s and equity adjustment calculations.

Work Environment

This position is based out of CAHEC’s corporate office in Raleigh, NC. Travel, typically by either commercial airline or automobile, is required for at least 10% of this position. Certain objectives require working on-site at various locations, such as properties in CAHEC’s investment portfolio, and some professional training opportunities may also require travel.

Compensation and Benefits: CAHEC is an equal-opportunity employer that offers a competitive compensation and benefits package.

For more information and how to apply: please visit www.cahec.com.

 

Job Sector


Not specified

 

Experience


2+ to 5 years


This job is no longer active.

Asset / Portfolio Management Raleigh Full Time NC Leasing, Property Management, Syndication Compliance Manager - LIHTC other