Description The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation's largest municipal Housing Finance Agency. HDC's programs support the construction and preservation of multi-family affordable housing in New York City. Area of Talent: Compliance/Affordable Housing/Low Income Housing Tax Credit
Position Type: Full Time/Exempt
Salary Range: $68,000 to $74,000 annually
Office Location: NYC/Financial District
Position Summary: The Regulatory Compliance Specialist reports to the Deputy Director, Regulatory Compliance and is responsible for monitoring and evaluating compliance within HDC's Low Income Housing Tax Credit (LIHTC) Extended Use Period (EUP), Tax Exempt Bond (TEB), and Taxable Bond (TB) properties.
Job Responsibilities: - Performs on-site and electronic EUP and TEB audits of properties pursuant to Section 42 and 142 of the Internal Revenue Code.
- Reviews annual owner certification packages and rent rolls to ensure ongoing programmatic and regulatory compliance.
- Monitors program updates on a regular basis and takes the appropriate actions to ensure compliance.
- Prepares and maintains timely, accurate, and updated compliance reports.
- Establishes and maintains key external relationships with property owners and managing agents.
- Acts promptly to respond in writing to inquiries and complaints.
Required Qualifications: - A bachelor's degree from an accredited college in a related field and relevant affordable housing industry experience; or,
- A satisfactory combination of education and/or experience that is equivalent to the above.
- Ability to travel frequently by public transportation primarily in New York City.
- Ability to work independently and meet critical deadlines.
- Strong organizational and communication skills (Oral and written).
- High level of proficiency in problem solving and data analysis.
- Proficiency with Microsoft Office suite specifically Excel and Word.
- Thorough understanding of the low-income housing tax credit (LIHTC) program including LIHTC or comparable certifications/experience.
Preferred Qualifications: - Working knowledge of Fair Housing and Rent Stabilization guidelines.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits, including: - Health Benefits at a reasonable cost
- Dental and Vision Benefits at no cost
- Retirement savings plan with a generous match and a pension plan
- Paid holiday, vacation, sick time and parental leave
- Professional development opportunities
- Public Service Loan Forgiveness for eligible employees
- Wellness reimbursement
- Back-up Caregiver Benefit
HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy. HDC is committed to the full inclusion of all qualified individuals. As part of this commitment, HDC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Human Resources by emailing [email protected].