Compliance Specialist

Organization: Orange County Housing Finance Authority (OCHFA)

 

The Orange County Housing Finance Authority is seeking qualified candidates for the position of Compliance Specialist.

Position Summary:
The Compliance Specialist, under the supervision of the Executive Director, will be responsible for day to day administration and coordination of all operational and compliance functions of the Multi-Family Program. The Administrator will be responsible for monitoring all set-aside requirements of the Land Use Restriction Agreements, auditing resident files, management procedures, conducting onsite training and making recommendations to the Executive Director relating to Multi-Family policies, procedures and processes.

Essential Duties:

• Under general supervision, responsible for the monitoring of the 20/80, 20/50 and 40/60 requirements existing on OCHFA multi-family programs in regard to tax compliance requirements as outlined in the Land Use Restriction Agreement and Authority policy for OCHFA financed projects.
• Performs regular audits of resident files, waiting lists, management procedures to establish completion of proper documentation which accurately establishes 20/80, 20/50 and 40/60 status, rental rate compliance, rent cap compliance and adherence to general Authority guidelines. On-site audits also include inspection of units, models, amenities and grounds at random.
• Responsible for tax compliance of properties subsequently refinanced/refunded utilizing tax credits, HOME federal funds, tax-exempt bonds and SHIP program.
• Monitors monthly income certifications and Bond Program Reports from all properties.
• Responsible for training leasing staff through seminars, office and on-site technical worksessions; Preparation of memoranda to developers and management companies; assist in the preparation, revisions and implementation of compliance forms when needed.
• Provides technical and general assistance to management companies and on-site leasing staff.

This includes preliminary discussion prior to commencement of the Qualified Project Period.

• Follow-up with developers and management companies regarding submission of program documents as outlined in Land Use Restriction Agreement. Prepares detailed summaries for future reference.
• Prepare monthly rental and audit reports for inclusion in the Authority’s monthly Board Agenda Packet.
• Monitors occupancy of M/F properties to determine cause of low ratios and work with management to improve occupancy ratios.
• Address public inquiries regarding multi family programs and requirements.
• Prepare training materials for the Multi-Family Program.
• Conduct public hearing (TEFRA) for the Multi-Family Program.
• Responsible for filing related area activity documents.
• Assist with the development and implementation of new programs.
• Prepares and coordinates placing upcoming multi-family bond issues on agendas of the various County Commission meetings in a timely manner.
• Responsible for monitoring construction progress of all multi-family developments during the construction phase.
• Responsible for site visits to inspect properties’ condition.
• Annually reviews management operations of each multi-family developments.
• Assists with all program operations and functions where necessary.
• Assumes primary responsibility for project input and updates in the multi-family database.
• Performs other duties assigned by the Executive Director, reasonably associated with any of the essential duties and current needs of the Authority.

Qualifications:

• Bachelors degree in Real Estate Development, Business Administration, Public Administration, or related field and two (2) years of industry related experience; OR seven (7) years of related industry experience.

Salary Range: $56,458-$84,686.

Application Submission:
Qualified candidates should submit a cover letter and resume to the attention of the Human Resources officer via email at humanresources@ochfa.com. No phone calls.