Compliance Manager

The Affordable Housing Compliance Manager embraces SoLa's mission and is passionate about promoting SoLa's short and long-term goals. The Affordable Housing Compliance Manager oversees the Section 8 portfolio and covenanted ground up units and is responsible for day-to-day compliance and operations.

SALARY: $75,000-$90,000

ABOUT THE COMPANY

SoLa Impact is an award-winning real estate private equity firm with a double bottom line strategy focused on preserving, rehabbing, and creating high-quality affordable housing in low-income, Black and brown communities. Only five years after starting its first ground-up project, SoLa Impact was recognized as the 16th largest developer in the nation, and the largest developer based in California by the National Multifamily Housing Council.

SoLa currently owns and manages over $1.2 billion of multifamily assets, almost all of which are in low-income, Black and brown communities. SoLa is currently leveraging private capital to develop 3,000+ affordable and workforce housing units in California. We are looking to not only help alleviate but to obliterate the obstacle of housing costs in our most marginalized communities. Having successfully raised and fully deployed its fourth fund ($300 million of equity), SoLa Impact expects to raise over $1.5B through a series of funds over the next 3-5 years from a combination of institutional investors, family offices, and high-net-worth investors. SoLa Impact's work and strategy have also been the subject of business school case studies at both USC's Marshall School and Columbia Business School's Masters of Real Estate program.

Requirements

ESSENTIAL DUTIES

• Oversee and manage all pending Section 8 applications and contracts.
• Coordinate and manage the Section 8 inspection schedule.
• Conduct annual HUD re-certifications, including scheduling, documentation, and obtaining necessary signatures.
• Generate and review monthly EIV (Enterprise Income Verification) reports.
• Maintain organized resident files, Housing Assistance Payment (HAP) contracts, repayment agreements, and related documentation.
• Ensure compliance with regulatory requirements by managing and completing all required reporting and submissions, including LAHD (Los Angeles Housing Department) and UBFH (Unified Billing for Housing).
• Supervise and facilitate the annual HUD Management Occupancy Review (MOR) and associated audits, including all preparatory and follow-up activities to ensure proper close-out.
• Perform additional tasks and projects as assigned by the supervisor

EDUCATION & EXPERIENCE

Minimum 3 years' experience preferred

Bachelor's Degree in related field preferred

SKILLS & ABILITIES

Relevant experience with file audits and physical property inspections

Relevant experience with income calculation and processing certifications

Exceptional interpersonal, verbal, and written communication skills; excellent follow through

Ability to work independently and effectively in a fast-paced, deadline driven environment

Ability to collaborate with others and utilize knowledge and resources to identify quality solutions

Well-developed time management skills with the ability to manage multiple priorities

Highly organized, resourceful, proactive, creative, detail-oriented, and critical thinking skills required

Ability to exercise discretion and independent judgment

Ability to present information in a concise and easily understood manner

Benefits

SoLa Impact offers a comprehensive benefits package that includes paid vacation, medical, dental, vision, and life insurance, as well as pet insurance, sick leave, 10 paid holidays, and bereavement days. This package is designed to provide employees with a range of important benefits that help to support their physical and emotional well-being, while also providing financial protection and peace of mind.

At SoLa Impact, we believe work environment, culture, and the opportunity to learn and grow are key elements when considering a new job. We are just the right size to provide the resources and support you need without the bureaucracy of a large corporate environment. We foster a family-friendly and supportive workplace, collaborative and employee-focused with an emphasis on quality, integrity, trust, and accountability. We are looking to bring someone on board as soon as possible. We provide a rewarding and challenging environment. We expect a lot, but give a lot in return. Strongly prefer candidates local to Los Angeles as no relocation assistance will be provided. All qualified candidates will be contacted directly.

SoLa Impact is an Equal Opportunity Employer. SoLa does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.

Qualification

Associate Degree