Access the latest Washington Report: Read More

Physical Inspector

Published on April 29, 2020
Organization: Illinois Housing Development Authority


Illinois Housing Development Authority (IHDA), one of the Nation’s preeminent Housing Finance Agencies and one of the State’s ten largest financial institutions, is currently seeking a Physical Inspector to build upon their 50+ year leadership in housing finance.

This position is housed within the Asset Management department, which monitors long-term physical, financial, operational, and administrative compliance for IHDA-assisted developments. This position is housed within the following group:

Rental Compliance: Ensures the operational compliance of properties assisted by IHDA loans, grants, or tax credits through: physical inspections based on applicable HQS, UPCS, and REAC standards; review/monitoring of capital improvement requests; management, occupancy, and tenant file reviews; rent/income limit/utility allowance calculations; affirmative marketing plan review/approval; tenant selection plan review/approval; management plan review/approval; and tenant/management relations.


  • Conducts physical condition monitoring reviews of assigned portfolio of projects based on prescribed timeframes (to assess and facilitate compliance with applicable Federal, State, local rules and standards).
  • During site visits, inspects the current physical conditions to ensure appropriate compliance with property standards and regulatory requirements so the related housing remains decent, safe, and sanitary.
  • During site visits, inspects improvements or repairs related to previously noted compliance deficiencies or insurance claims to ensure proper workmanship and compliance with the approved scope of work.
  • Reviews and approves physical condition improvement scopes of work, budgets, and schedules as appropriate.
  • Prepares and maintains all physical inspection documentation (including compliance monitoring findings, responses, resolutions, reports) as required.


  • Education: High school diploma required; Bachelor’s degree preferred. Experience may be substituted for education at the discretion of the Asset Management department. 
  • Experience: At least 2 years’ experience conducting inspections, bid reviews, and/or physical needs assessments for multifamily rental housing developments required. Experience with affordable housing preferred.
  • Proficiency in Housing Quality Standards (HQS), Real Estate Assessment Center (REAC), and Uniform Physical Condition Standards (UPCS) desired.
  • Thorough knowledge of the following funding sources/programs desired: LIHTC, HOME, Section 8, Risk Share, Tax Exempt Bonds, and Illinois Affordable Housing Trust Fund.
  • Proficiency in Microsoft Office Suite required. Proficiency in HUD inspection software, including REAC, desired. 
  • Training: General physical inspection and UPCS, HQS, and REAC training required (completed within one year or earliest available date, whichever is later). 
  • Certifications: REAC certification required (achieved within one year or earliest available date, whichever is later). In tandem with REAC certification, must obtain and maintain related required insurance/bonding. 
  • Valid Driver’s License: Required. 
  • Access to Personal Vehicle: Required along with appropriate insurance. 
  • Frequency of Travel: Frequent – 50-75% annually.

Excellent benefits package, including 401 (k); immediate vesting.

To apply, submit resume to: