April Housing Affordable Housing in America
April Housing Affordable Housing in America

Compliance Manager

Apply Now

Overview

April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone’s affordable housing and LIHTC portfolio. April oversees a portfolio of over 85,000 affordable housing units in approximately 650 communities. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.

April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing’s Standards of Excellence in Residential Operations.

In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.

Job Description

As of the date on which this job advertisement is posted, the Company anticipates that the base salary range for this role is $145,000- $155,000. This position is also eligible for discretionary bonus on an annual basis. Actual base salary range may vary based on various factors, including but not limited to location and experience.

Responsibilities:

  • Regulatory Compliance:

    • Monitor and interpret relevant laws, regulations, and industry standards related to affordable housing programs.

    • Develop, implement, and update compliance policies and procedures in accordance with regulatory changes.

    • Ensure compliance with LIHTC, HUD, HOME, Section 8, and other affordable housing programs.

  • Tenant File Management:

    • Oversee tenant file compliance, including initial certifications, annual recertifications, and interim certifications.

    • Ensure accurate and timely submission of tenant files and reports to regulatory agencies and funding sources.

    • Conduct regular audits of tenant files to ensure compliance with program requirements.

  • Training and Education:

    • Develop and deliver compliance training programs to property management staff to ensure awareness and understanding of affordable housing requirements.

    • Monitor ongoing education and updates to keep staff informed about regulatory changes and compliance best practices.

  • Monitoring and Reporting:

    • Establish and maintain a robust compliance monitoring program, including regular audits and site visits.

    • Prepare and present clear and concise compliance reports to senior management and relevant regulatory agencies.

    • Track and report on key compliance metrics and trends to identify areas for improvement.

  • Investigation and Response:

    • Lead investigations into alleged violations of affordable housing regulations, policies, and procedures.

    • Develop and oversee the implementation of corrective actions to address compliance issues.

Qualifications:

  • Bachelor’s degree in Business Administration, Public Administration, Urban Planning, or a related field; a professional certification (e.g., Housing Credit Certified Professional – HCCP) is required.

  • A minimum of 10 years of experience in affordable housing compliance, preferably within a property management or real estate environment.

  • In-depth knowledge of affordable housing programs and regulations, including LIHTC, HUD, HOME, Section 8, and other relevant programs.

  • Experience with resyndication, acquisition rehabs and new lease up is required.

  • Strong analytical, problem-solving, and decision-making skills.

  • Excellent communication and interpersonal skills, with the ability to influence and collaborate effectively across all levels of the organization.

  • Proficiency in property management software and compliance tools.

Key Competencies:

  • Ethical Judgment: Demonstrates a strong commitment to ethical principles and ensures compliance with affordable housing standards.

  • Attention to Detail: Meticulously identifies and addresses compliance issues and risks within tenant files and property management operations.

  • Leadership: Inspires and motivates others to uphold compliance and ethical standards within affordable housing programs.

  • Strategic Thinking: Develops long-term strategies to manage compliance risks and ensure the integrity of affordable housing operations.

  • Problem Solving: Effectively identifies issues and develops practical solutions to ensure compliance with affordable housing regulations.

Working Conditions:

  • This position requires 50-75% travel to affordable housing properties as needed.

  • The Affordable Housing Compliance Manager may be required to work extended hours during peak periods or in response to compliance emergencies.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers, the California Fair Chance Act and any other applicable city, county, or local ordinances. Some of the material duties of this position requires access to sensitive financial information confidential and proprietary information and accordingly requires the candidate to possess a high level of integrity and discretion. A criminal history that has a direct, adverse, and negative relationship with these material duties may potentially result in the withdrawal of a conditional offer of employment.

Equal Opportunity Employer Statement

April Housing is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com

Please review the job applicant privacy notice here.