Compliance Analyst - AM

Position Title: Compliance Analyst Department: Asset Management Summary This position is housed within the Asset Management department, which monitors long‑term physical, financial, operational, and administrative compliance for IHDA‑assisted developments. Project Operations Compliance Ensures the operational compliance of properties assisted by IHDA loans, grants, or tax credits through: 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. Essential Functions Implements proactive strategies to resolve properties' operational condition compliance issues. Informally paired with a compliance group for each project inclusive of an Asset Manager, Physical Inspector, and Financial Analyst. Formally paired with a Senior Asset Manager or Asset Manager assigned to the same project portfolio to provide coordinated, comprehensive service. Collects and contributes data to determine annual operations rating. Intakes, tracks and processes annual compliance submissions, reviews packages for completeness, follows up regarding incomplete or error‑filled submissions. Conducts ongoing desk, limited desk, and other 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 monitoring reviews, assesses the operational compliance (i.e., management, occupancy) against related regulatory requirements so that the related housing remains affordable, decent, safe, and sanitary. Prepares and maintains all operational compliance documentation (including compliance monitoring findings, responses, resolutions, reports) as required. Develops initial and ongoing rent schedules, utility allowances, rent/income limits (in coordination with appropriate data systems). Proactively communicates with the property owner, manager, agent regarding operational issues, compliance requirements, options, and deadlines for resolution. Coordinates development, circulation, and submission of 8823 forms for tax credit properties. Solicits, reviews, approves, and processes Certifications, Management Plans, Management Agreements, Tenant Selection Plans (TSP), Lease, Form Lease Riders, Aff. Fair Housing Marketing Plan (AFHMP), TST‑2 and other tax credit forms, Lead‑Based Paint Certifications, Rent Schedules, Utility Allowances, 8823s, 8609s, etc. (to assess and facilitate compliance with applicable Federal, State, local rules and standards). Participates in pre‑occupancy and post‑closing discussions and meetings as appropriate. Provides program/funding source/system informational and technical assistance, guidance, and direction to internal staff as well as property owners/agents. Proactively follows up on previously noted compliance deficiencies to ensure proper and timely resolution. Performs other duties and handles other special projects/initiatives as assigned. Education and Experience Requirements Education: Bachelor's degree required. Experience may be substituted for education at the discretion of the Asset Management department. Experience: At least 1 year experience with multifamily rental housing developments required. Affordable housing experience preferred. Operational compliance administration experience 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. Training: Certified Occupancy Specialist (COS), Tax Credit Specialist (TCS), Blended Occupancy Specialist (BOS), HOME Compliance Specialist (HCS), Housing Credit Certified Professional (HCCP) training desired (completed within one year or earliest available date, whichever is later). Certifications: Certified Occupancy Specialist (COS), Tax Credit Specialist (TCS), Blended Occupancy Specialist (BOS), HOME Compliance Specialist (HCS), Housing Credit Certified Professional (HCCP) preferred. Valid Driver's License: Not required. Access to Personal Vehicle: Not required. Frequency of Travel: Not required. Physical Requirements Alternating between sitting, standing, and walking. Ascending and descending stairs. Crouching and stooping. Pushing and pulling. Reaching overhead or below. Repetitive task movements (filing, keyboarding, copying). Lifting, carrying, and moving objects of up to 10‑15 pounds. What We Offer Paid time off, plus paid holidays Hybrid work arrangement, candidates must reside in Illinois at time of hire Medical/dental/vision/life insurance plans Short/long term disability Tuition reimbursement Flex spending 401(k) plan – immediate vesting Eligible for federal loan forgiveness programs Access to Personal Vehicle: Required along with appropriate insurance. Frequency of Travel: Infrequent – 5‑10% annually. Salary: $51,856.64 - $64,820.80 Must be a resident of Illinois or willing to relocate. Flexible scheduling is available, upon completion of a six‑month probationary period. EOE #J-18808-Ljbffr Illinois Housing Development Authority