Compliance Director
Description
Wallick Communities gives low-income families, single parents, and senior citizens a place called “home” – thanks to five decades of experience in developing, building, managing and overseeing affordable multi-family housing and assisted-living communities across the mid-west.
• 55 years serving our communities
• 24,000+ residents call our community’s home
• 9 states and growing
• 1000+ associates
Wallick Mission: Opening doors to homes, opportunity, and hope.
Wallick Values: Our Values flow directly from our Mission and set the expectation for how all associates work together. These values are:
- Care
- Character
- Collaboration
Position Summary: The Compliance Director will lead and direct all compliance activities for Wallick Communities affordable housing portfolio, ensuring adherence to Section 42 of the IRC, HUD guidelines, FHA restrictive covenants, and other critical program restrictions. This role is essential in ensuring organizational excellence in regulatory compliance, especially with the Housing Opportunities Through Modernization Act (HOTMA) regulations. As a key leader within the compliance team, the Compliance Director will foster a collaborative, transparent environment to support both team members and property staff in meeting evolving compliance requirements.
The ideal candidate for this position will be a positive, hardworking, intelligent, and highly motivated team player who demonstrates professionalism, excellent leadership skills, and strong attention to detail.
Qualifications Required:
- Minimum of 10 years of affordable housing compliance experience, including extensive work with Section 42, Section 8, and Tax-Exempt Bond financing.
- Demonstrated ability to work independently with minimal supervision.
- Proven experience leading and managing compliance teams in a regulatory environment.
- Advanced knowledge of Fair Housing laws and other applicable regulations.
- Proficiency in Microsoft Office and property management software, with experience in Yardi preferred.
- Ability to produce Internal, agency, and syndicator reports.
- Excellent communication and organization skills.
Licenses/Certifications/Registrations:
- Relevant industry certifications such as HCCP (Housing Credit Certified Professional) and HUD or Tax Credit certification from a recognized national program are highly preferred.
Key Functions and Responsibilities:
- Regulatory Compliance Oversight:
- Serve as the in-house expert on affordable housing compliance, ensuring that all properties are fully compliant with regulatory standards, with a primary focus on HOTMA regulations, Section 42, and HUD guidelines.
- Regularly review and monitor updates in regulatory provisions from HUD, HOME, State Housing Finance Agencies, and other agencies, disseminating essential information to relevant teams.
- Update company compliance forms, policies, and procedures as needed to ensure adherence to regulatory standards and best practices.
- Compliance Training and Support:
- In collaboration with the Regional Vice Presidents and other support teams, lead comprehensive training programs on compliance matters, emphasizing the implications of HOTMA and other legal requirements.
- Act as a knowledgeable resource for compliance-related inquiries from internal teams, providing expert guidance on complex compliance scenarios and fostering a proactive approach to problem-solving.
- Document Management and Monitoring:
- Oversee the compliance team’s efforts in maintaining all regulatory documentation, including Affirmative Fair Housing Marketing Plans, Management Certifications, Rent Schedules/Increases, Tenant Selection Plans, and more.
- Ensure the collection, summary, and distribution of Maximum Income Limits and Maximum Rent Limits for each state/county on an annual basis, updating these limits in Yardi to reflect current standards.
- Inspection and Audit Preparedness:
- Manage the MOR/Nspire and State Agency Inspection calendar, conducting pre-inspection audits of resident files to ensure accuracy and readiness.
- Lead the team in reviewing all resident move-in files for accuracy and compliance during acquisition rehab or new construction tax credit developments, ensuring alignment with rent, income limits, utility allowances, and other regulatory requirements.
- Policy and Procedure Leadership:
- Chair the Policy & Procedures Committee to drive organizational compliance with regulatory requirements, overseeing the set-up and ongoing maintenance of resident files and general project compliance.
- Lead by example, setting high standards for regulatory compliance and accuracy in all processes and documentation.
- Team Leadership and Development:
- Lead and mentor the compliance team, creating an environment of accountability, transparency, and continuous learning.
- Foster professional development, providing coaching and support to team members to build their expertise in affordable housing compliance and regulatory standards.
- Encourage open communication and collaboration among the team, ensuring alignment on compliance goals and a shared commitment to regulatory excellence.
- Additional Responsibilities:
- Manage the Compliance Help Desk, ensuring timely and accurate responses to internal inquiries.
- Perform other related duties as assigned to support the organization’s mission and operational goals.
Physical Demands: This position primarily operates in an office setting and requires extensive use of a computer, keyboard, and mouse. This role requires the ability to thrive in a fast-paced environment and adapt to changing regulatory demands.
Work Environment: Work will take place in an office setting. Occasional travel may be required for sit visits, training, and audits.