• Director of Compliance, Affordable Housing

    Job Locations US-MA-Boston
    Job ID
    3800
    Function
    Legal
    Location Name
    177 Milk Street
  • Overview

    Related Companies is the most prominent privately-owned real estate firm in the United States.  Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi, London and Shanghai and boasts a team of over 3,000 professionals. The Company’s existing portfolio of real estate assets, valued at over $30 billion, is made up of best-in-class developments in premier high-barrier-to-entry markets across all asset classes.

     

    Related has dramatically redefined the concept of metropolitan luxury by introducing extraordinary residential rental properties in Boston, Chicago, Los Angeles, San Francisco and New York City. With each new building, Related has been hailed for setting new standards of excellence in the luxury rental marketplace.  To ensure that every resident in every Related building enjoys the very finest services, unsurpassed amenities, and a luxury lifestyle without compromise, Related Companies takes great pride in managing every building it owns. Related owns and manages 261 Hudson, 456 Washington, Abington House, The Caledonia, The Easton, The Lyric, MiMA, One Carnegie Hill, One Union Square South, Riverwalk Crossing, Riverwalk Point, The Sierra, The Strathmore, The Tate, Tribeca Green, Tribeca Park, Tribeca Tower, The Westminster and The Westport in New York City (and manages 1214 Fifth Avenue and 89 Murray also in New York City), One Back Bay and The Arlington in Boston, 500 Lake Shore Drive and Landmark West Loop in Chicago, The Emerson in Los Angeles, The Paramount in San Francisco and One Hill South in Washington, D.C. Related also owns an extensive portfolio of workforce and affordable housing and has several new rental developments underway across the country. For more information about Related Companies please visit www.related.com

    Responsibilities

    Role Summary:

    The Director of Compliance, under the guidance and supervision of the Senior Director of Compliance, is responsible for ensuring compliance in affordable housing programs within Related Beal’s portfolio. Knowledge of U.S. Department of Housing and Urban Development (HUD), HUD HOME, Low Income Housing Tax Credit (LIHTC), Tax Exempt Bond programs.

     

    Location: Boston, MA

     

    Core Responsibilities:

    • Execute front line functions at Related Beal’s affordable communities reviewing initial move-in / first year resident, as well as ongoing recertification files to ensure compliance with federal, state and city regulatory program requirements as well as Fair Housing regulations
    • Participate in preparation of Low Income Housing Tax Credit / Management Occupancy Review's / Agency and partnership reviews
    • Assist Development Team in preparation of preliminary data gathering for potential deals
    • Partnering with public agencies, consultants, and industry experts to strengthen the goals of the company’s affordable housing program
    • Engaging with public agencies and industry experts to identify standards and best practices
    • Train new team members in compliance functions
    • Review LIHTC monthly, quarterly and annual owner certifications, as well as examine tenant files in preparation for LIHTC file audits, Management Occupancy Reviews (MOR) and review responses corresponding to agency audits
    • Respond to inquiries regarding various affordable housing inquiries or appeals
    • Stay current with Federal, state and local updates about to various program requirements
    • Prepare and update Compliance Narratives to summarize regulatory as well as state, city and local requirements for properties
    • Assist in preparing and submitting Affirmative Fair Housing Marketing Plans, Tenant Selection Plans, and lease packages, etc.
    • Review contracts to ensure compliance with Company’s policies
    • Monitor legal cases
    • Design staff training protocols and materials in collaboration with supervisor and internal staff members
    • Ensure affordable housing occupancy rates are minimal

    Qualifications

    • TaCCs or COS required
    • Knowledge Yardi preferred
    • Excellent knowledge of Microsoft Office Suite
    • Bachelor’s degree required, JD preferred
    • Familiarity with BFH, DHCD and other Massachusetts and Boston agencies
    • Detail oriented, organized and strong analytical skills. Creativity and initiative to work both independently as well as within a team while able to perform in a busy, changing, multi-tasking work environment.
    • MA Notary License

    Related is an Equal Opportunity Employer

     

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