• Asset Manager / MF Compliance

    Posted: 06/24/2024

    RIHousing – Asset Manager / MF Compliance
    Salary Range - $60,829.40 - $88,023.72
    RIHousing is committed to creating a diverse environment and is proud to be an equal-opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

    What it’s all about:
    This position is accountable for the administration of HUD rental subsidy contracts, Low Income Housing Tax Credit projects, and ancillary portfolio. This includes Accurate and timely completion of assigned regulatory compliance file audits, management reviews and physical property inspections for rental units within Rhode Island Housing’s multi-family portfolio, in accordance with appropriate federal, state and agency guidelines and policies. 

    What you’ll do on a daily basis:        
    The incumbent assumes total responsibility for a portfolio consisting of approximately 40 affordable housing projects throughout the state.  The incumbent will perform a variety of on-site physical inspections, including both Management and Occupancy reviews in accordance with HUD regulations and Low Income Housing Tax Credit audits per Internal Revenue Service guidance.  This position is also responsible for analyzing and maintaining a portfolio database and performing compliance related functions for several other state and federal rental housing programs including but not limited to, HOME and Section 811.
    The incumbent will produce written reports and correspondence to owner/managing agents and appropriate federal and state governing bodies; will ensure that any deficiencies and non-compliance found at the property are corrected; will provide prompt follow-up and file documentation to owner/managing agents and government entities. The incumbent provides on-going technical assistance and compliance support to owner/managing agents on a routine basis and will act as an intermediary with owner/managing agent in resolving tenant related problems. The incumbent will assist other team members with on-site physical inspections and file audits.
    Additional inspections may also be required to investigate repairs as well as tenant concerns.  Incumbent works to resolve tenant and owner/agent complaints and concerns regarding health and safety and project operational issues, including required HUD and IRS reporting. He/she may perform special projects or serve on task forces as directed.
    The incumbent must possess a comprehensive understanding of the compliance requirements of the HUD Section 8 program,  the Low Income Housing Tax Credit program, and  various other Federal and State rental housing programs. If not already certified, the incumbent will be required to obtain both a Tax Credit Program Compliance Certification and a certification related to the administration of the HUD Section 8 program through nationally recognized affordable housing training organizations approved by RIHousing within one hundred and twenty days of his/her date of hire.

    What you’ll bring to the team:

    • Conduct physical property inspections and/or file audits and prepare accompanying documentation and correspondence as required to ensure the property is in compliance with the specific program regulations.
    • Processes a variety of documentation for assigned developments in an accurate and timely manner.
    • Conducts Management and Occupancy Reviews, monitors and analyzes LIHTC, HOME, and ancillary program tenant occupancy and demographic data in the Prolink software. Responsible to follow up with owner/agents to ensure compliance with HUD, LIHTC, state and local regulations.
    • Process a variety of correspondence and documentation, including reporting of non-compliance related to assigned portfolio in an accurate and timely manner as established by the supervisor to ensure compliance with federal, state and Rhode Island Housing guidelines/policies.
    • Mediate owner/tenant problems in a timely, professional manner through appropriate technical assistance as required.
    • Provides technical assistance and training to management agents and their staff in all phases of property management
    • Performs specialized, technical administrative and/or reporting functions in an accurate and timely manner as assigned
    What you’ll need to succeed:
    • Minimum five years property management or related housing experience
    • Tax credit compliance and Section 8 certifications obtained through nationally recognized affordable housing training organizations.
    • Good verbal and written communication skills, along with good organizational and negotiation skills.
    • Strong computer skills, including intermediate knowledge of word processing, spreadsheet and database software.
    • Bilingual ability preferred (particularly Spanish or Portuguese)
    • Bachelor’s degree in real estate, business administration, or related field and/or property management certification; and/or equivalent work experience
    • Use of personal vehicle, valid driver’s license and proof of insurance is required
    Not sure you meet all the qualifications? Let us decide! 
    Why RIHousing:
    • Mission-Driven Organization
    • Dedicated Workforce
    • Competitive salary
    • Parking Stipend
    • Medical/Dental/Vision/Life Insurance
    • Paid Time Off
    • Retirement Options
    • Flexible Work Hours
    • If Position Eligible, Future Hybrid Work May Be Available
    • Education Reimbursement
    • Onsite Fitness Classes
    • Volunteer Days
    • Winner of “Best Places to Work” 2016, 2018, 2019, 2021, 2022, 2023 & 2024
    • PBN’s Worksite Health Award 2013-2023
    • PBN’s Diversity Equity Inclusion Award 2023
    RIHousing strives to ensure that all people who live or work in Rhode Island can afford a healthy, attractive home that meets their needs.  A good home provides the foundation upon which individuals and families thrive, children learn and grow, and communities prosper.
     To achieve our mission, we:
    • Offer fair, affordable, and innovative lending programs.
    • Provide housing-related education to consumers and others.
    • Promote and finance sensible development that builds healthy, vibrant communities.
    • Provide housing grants and subsidies to Rhode Islanders with the greatest need.
    • Team up with partners to improve everything we do.
    RIHousing uses its resources to provide low-interest loans, grants, education, and assistance to help Rhode Islanders find, rent, buy, build, and keep a good home. Created by the General Assembly in 1973, RIHousing is a privately funded public purpose corporation. RIHousing requires its employees to be highly motivated and knowledgeable, have a sound understanding of the changing needs of Rhode Island's housing market, be willing to work within and toward a smoothly integrated operation, demonstrate a commitment to serve the people of Rhode Island, especially those with low and moderate incomes in need of safe and affordable homes, and possess a high level of integrity and deep respect for all Rhode Islanders, including customers, partners and fellow employees.

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