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Tax Credit Compliance Specialist

Company: Eenhoorn
Location: Irvine
Posted on: August 4, 2022

Job Description:

As a 2021 Best and Brightest Companies to Work for in the Nation Winner, we are committed to creating Awesome experiences for our team members and residents. At Eenhoorn, we say "We Do Awesome", as it embodies our approach to how we manage our properties, how we want our residents to feel, and how we engage with one another. You get to be a part of creating Awesome by living our core values of Professionalism, Accountability, Honesty and Integrity, Self-Regulation, and Image. The T ax Credit Compliance Specialist is responsible for ensuring that properties located in California are maintaining program requirements set by the IRS, state, local governments, and other entities to maintain compliance for affordable communities within their portfolio. Responsible for compliance with state, county and federal funding programs including, LIHTC, BOND, and a variety of other funding sources related to affordable housing. Responsible for preparation and attendance at audits, offering technical assistance, reviewing applicant files for eligibility, preparing reports, and providing software and general support to onsite managers. Expected to use professional communication techniques employing tact and diplomacy when communicating with internal and external customers, auditors, vendors, etc. Key Responsibilities:

  • Review and enforce policy and procedures for determining household eligibility for federal and state funded affordable housing programs.
  • Assist with planning and conducting training seminars on Housing Credit and Bond regulations for administrative site employees.
  • Provide phone support for all administrative employees interpreting and explaining program regulations and answering questions relating to program compliance issues.
  • Assist with conversion to software inputting files if necessary and providing on site and phone support. Train field staff on use of software and proper data entry procedures. Review information in software for accuracy. Alert field staff of any corrections which need to be made in software
  • Review rents, utility allowances, household income, maximum program income and rents to ensure compliance regulations are met. Notify VP of Operations of suspected or confirmed instances of noncompliance.
  • Enter and track data in Microsoft Excel spreadsheets based on Tenant Income Certifications submitted monthly.
  • Compile and distribute data to syndicators, state housing entities, reviewing agencies, etc. Review all data for accuracy and any noncompliance issues.
  • Serve as a liaison between state housing agency representatives, designated owner representatives and compliance monitoring agencies.
  • Prepare for and attend annual management reviews conducted by state housing agency representatives, designated owner representatives and compliance monitoring agencies.
  • Conduct onsite in-house file audits documenting discrepancies or inconsistencies in applying policy and/or regulations. Explain discrepancies and/or inconsistencies to staff. Direct staff on how discrepancies can be corrected within policy guidelines.
  • Instruct staff on how to apply policy and regulations consistently. Identify and develop training needs based on discrepancies. Follow up with staff to ensure that corrections are made.
  • Track and gather copies of Original Resident files on new lease ups including all required documentation. Review files for accuracy, informing field staff of any necessary corrections. Ensure that corrections are made, and any changes are copied and included in copies of the original resident files. Keep detailed list of all files received including building number, unit number, move-in date and name of head of household.
  • Review and approve applications for residency prior to move in.
  • Assist with other operational duties for the properties as needed.
  • Process purchase orders as necessary.
  • Other duties, tasks and projects as assigned. Required Skills/Education:
    • Clear and concise verbal and written communication skills
    • Two years' experience in affordable housing
    • Experience working with Yardi preferred
    • Experience in compliance with state, county and federal funding programs including, low income housing tax credit (LIHTC) and BOND preferred
    • Must be organized and have strong attention to detail.
    • Ability to prioritize tasks and multiple complex projects simultaneously
    • Must be legally authorized to work in the United States
    • Must be able to thrive in a fast-pace setting and juggle multiple priorities Opportunity:
      • Stability - We don't buy and flip our properties every three years
      • Entrepreneurial work environment
      • Comprehensive health, vision, dental, and voluntary lines
      • Fifteen (15) days Paid Time Off (PTO) in the first year
      • Nine (9) Paid Holidays
      • 401(k) with a 25% match on the first 15% of contributions
      • Up to 11-weeks of 100% paid short-term disability
      • Challenging problems to solve and a dynamic team to collaborate with every single day

        What Makes Us Different Although we are a company that is focused on real estate, we recognize that we can't be great without our people. We are always seeking exceptional people who are looking for more than just a job. Since 1988, our innovative approaches have positioned Eenhoorn as an industry leader. Our comprehensive organizational structure and learning environment empower our team members to take ownership over their careers and make a true difference in our residents' lives and experiences. We want you to bring your authentic self to work every single day. We accept you for who you are and consider everyone on an equal opportunity basis without regard to age; appearance; race; color; gender identity and/or expression; family or parental status; marital, civil union, or domestic partnership status; disability; national, social or ethnic origin; past or present military service; sexual orientation; socioeconomic status; race; religion or belief. Eenhoorn, LLC is proud to be an equal opportunity employer .


Keywords: Eenhoorn, Irvine , Tax Credit Compliance Specialist, Accounting, Auditing , Irvine, California

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