The LIHTC Audit Manager is responsible for working with HDC/HPD, as well as third party auditors to ensure all initial tax credit files comply with LIHTC regulations, income restrictions, and other compliance standards.
Salary range: $85,000 to $95,000 Hybrid 4 days in office, 1 day remote.
Duties And Responsibilities
Thoroughly review initial tenant files, leases, and relevant documents to ensure Compliance with federal and local regulations related to affordable housing programs
Review third party auditor reports and implement required corrective action for tenant income certification discrepancies, errors, or issues that may or may not indicate non-compliance
Develop and propose solutions to address non-compliance issues, and take the necessary steps to correct files accordingly
Contact and communicate with tenants to obtain corrective documentation such as signatures, self-certifications, as well as missing income and asset information
Track the implementation of corrective actions and prepare reports on audit findings for senior management
Provide training and guidance to on-site property staff on compliance requirements and procedures
Work closely with corporate staff and third-party oversight agencies to ensure program adherence
Create and organize a digital file system on SharePoint
Stay current in LIHTC requirements as related to affordable housing programs
Desired Qualifications
Education: Bachelor's or Associate Degree preferred or with equivalent expertise and work experience. Minimum of High School Diploma or GED is required
Experience: Minimum 5 years of LIHTC initial file processing and review
Audit and Compliance Expertise: Experience in conducting LIHTC audits, identifying non-compliance issues, and recommending corrective actions
Problem-Solving Skills: Ability to identify and resolve compliance issues
Organizational Skills: Ability to manage multiple tasks and meet deadlines, exception follow-up skills, ability to work with a high volume of cases
Attention to Detail: Ability to meticulously review documents and identify errors or discrepancies
Communication and Interpersonal Skills: Ability to effectively communicate with staff, tenants, and external stakeholders
Software Proficiency: SharePoint, Adobe, DocuSign, Excel, familiarity with Pronto a plus but not required
Knowledge of NYC Housing Connect and the lottery process a plus
Bil-lingual in Spanish preferred
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
Industries
Non-profit Organizations
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