Posted by asmirm on September 2, 2015
Qualifications/Skills & Knowledge Requirements
- Certificate of Occupancy Specialist or Housing Credit Certified Professional is required .
- The designation of FHC – Fair Housing Coordinator and/or other related Affordable Housing Training or Certifications also preferred.
- High school diploma or general education degree (GED).
- Must have 3-5 years experience as a Property Manager responsible for a HUD Section 8 and LIHTC facility with Management and Occupancy Review ratings of Superior or Above Average.
- Must have experience and demonstrated success in the rent up process of at least two LIHTC properties.
- Highly organized with attention to detail.
- Must have very good interpersonal communication skills and the ability to collaborate with the Property Managers in a collegial and supportive manner.
- Must have proven ability to multi task in a fast-paced office environment
- Language Skills – Ability to read, write, interpret and analyze business documents, technical procedures and government regulations. Ability to write and interpret reports, correspondence and compliance manuals. Ability to effectively present to groups of people including employees.
- Responsible and accountable for maintaining compliance for the Low Income Housing Tax Credit (LIHTC) Section 42 and the HUD Section 8 Housing Programs managed by Federation Housing, Inc.
- Works directly with the Director of Operations, Property Managers and on-site staff to ensure that properties meet their housing program’s compliance requirements.
Essential Duties and Responsibilities:
- Ensures on-going adherence to FHI’s policies and procedures, including compliance with HUD’s Section 8 and the LIHTC Section 42 regulations per the HUD Handbook 4350.3 REV-1 CHG-3, PHFA’s Tax Credit Compliance Manual and PHFA’s PennHOMES Property Operations Manual.
- Works with Director of Operations to ensure consistent understanding and implementation of regulatory requirements.
- Acts as Property Manager and assumes Manager’s responsibilities when the position is vacant or during a Manager’s extended leave of absence.
- Responsible for coordinating management program inspections conducted by state agencies, financial institutions and tax credit equity investors.
- Review management and occupancy inspection reports and collaborate with Property Managers for necessary corrective action.
- Provide written response for review findings until successfully closed-out by regulatory agency.
- Determine eligibility for all LIHTC applicants. Approve or deny applications per regulatory requirements prior to move-in.
- Responsible for completing monthly occupancy compliance reports to PHFA and tax credit equity investors as required.
- Coordinate and manage the rent up process of new buildings.
- Prepare all LIHTC’s Annual Owner’s Certification and Rental Schedule and submit to Director of Operations for review prior to submission to PHFA.
- Submit timely compliance reports to investors and/or regulatory entities to fulfill program reporting requirements.
- Perform internal tenant file audits at all properties.
- Annually review maximum income limits and rent limits.
- Analyze and conduct analysis for utility allowances for review by Director of Operations.
- Provide and/or coordinate routine compliance training for property management staff.
- Work with external auditors in relation to program compliance testing.
- Update required forms as part of agency and federal/state compliance purposes.
- Review EIV binders at sites to ensure that site staff are printing and following up on any discrepancies in a timely manner as required by HUD.
- Assist with special projects and duties as assigned.
- Math Skills – Ability to apply concepts such as fractions, percentages, ratios and proportions in calculations for income and assets.
- Reasoning Skills – Ability to solve problems. Ability to interpret instructions in written, oral, diagram or schedule form.
- Computer Skills – Experience with MS Office and Internet Explorer. Knowledge of One Site Affordable Housing Software preferred. Experience with PHFA compliance reporting website.
- Other Skills – Demonstrated competency and knowledge of associated regulatory and legal requirements related to Affordable Housing including but not limited to LIHTC Section 42, Section 8 and the HOMES Program.
- The Compliance Manager’s routine workload will be subject to change based on scheduled/unscheduled coverage during a Property Manager’s absence or during the planned rent up of a new building.
- The Director of Operations will determine and monitor workload priorities and adjust and redistribute the essential duties and responsibilities if or when needed.
- Sedentary work involves sitting most of the time.
- Walking and standing are required occasionally.
- Must be able to express or exchange and hear ideas by means of the spoken word.
- Must have ability to occasionally lift, carry, push, pull or otherwise move objects exerting up to 10 pounds of force.
- Must have visual ability for reading, preparing data, documents and figures and for viewing a computer terminal.
Please apply here.
Posted by asmirm on July 21, 2015
- The position requires total responsibility for the successful development of residential apartment projects for low and moderate income seniors. Coordination of multiple projects in varying stages of development. This position requires excellent leadership skills, the ability to navigate the numerous challenges that arise during the development process, and to make responsible decisions based upon the long-term interests of the agency and its Strategic Plan. This position requires financial acumen, understanding of basis design and construction fundamentals, creative thinking, leadership ability, and effective communications skills. Report to the agency’s Executive Director, with oversight by the Board’ of Director’s Site Acquisition and Development Committee.
Primary Duties Include:
- Origination and evaluation of low and moderate income housing development opportunities, primarily within Philadelphia and Montgomery Counties
- Establish and maintain strong relationships with all parties in the development process.
- Determination of the suitability of a site, including zoning challenges, density, proximity to amenities, site and environmental conditions, and command of the land-development approval process Delivery of high quality professional presentations before potential lenders, investors, municipalities, and community constituents who are potentially adverse to low and moderate income housing developments; ability to use Power Point and other software to help visualize and explain the project.
- Accurately prepare complex financial schedules to determine a project’s financial feasibility.
- Prepare and coordinate complex financing applications for Low Income Tax Credits and construction and permanent financing.
- Initiate discussions with and negotiate the terms of all equity and debt financing, followed by coordination of the legal documentation required to achieve a closing.
- Evaluate anticipated pre-development expenses and budget the required timing for their disbursement.
- Assist in the coordination of architects and engineers to design proposed developments in accordance with agency, industry, and governmental housing/building standards and codes.
- Establish and maintain realistic project schedules and directing the workload and priorities of development team members.
- Coordination of parties hired for construction management to ensure delivery on-time, on-budget and in compliance with all governmental requirements and with the requirements of the LITC reservation/allocation.
- Coordinate all aspects of project close-out, including the completion of cost certifications, submission of documentation to receive IRS Form 8609 and to comply with all lender and governmental requirements.
Requisite Abilities and Accomplishments
- At least four years’ experience in real estate development, preferably with low and moderate income residential apartment developments utilizing Section 42 of the Internal Revenue Code, and governmental loan and grant programs.
- Demonstrated entrepreneurial experience and proven track record.
- Self-starter who is able to initiate and coordinate all aspects of real estate development without significant supervision.
- Solid financial and analytical skills as demonstrated by prior successful coordination of project financing.
- Excellent verbal and written communications skills.
- Confidence in delivering presentations before possibly contentious groups.
- Outstanding interpersonal skills including the ability to establish and maintain responsive and effective working relationships with governmental entities, lenders, investors and third party professionals.
- Discretion in handling confidential information.
- Ability to exercise sound judgment while working under pressure to meet short-term deadlines. Excellent work ethic and professionalism.
Please apply here.
Posted by asmirm on April 27, 2015
Posted by asmirm on March 2, 2015
The check isn’t the only thing oversized; Wells Fargo’s heart behind this $10,000 grant to Federation Housing Inc. to assist low-income elderly in the area also proves it pulses big time. From left at the presentation, held at the agency’s Florence E. Green House, affordable-living complex in Trevose, are Francine Tabas, senior vice president, Wells Fargo, and member of FHI’s board; Melissa G. Landay, WF regional vice president; Aldustus Jordan, senior vice president for community affairs, Wells Fargo; Eric D. Naftulin, FHI executive vice president; Brian Gralnick, director, Center for Social Responsibility, Jewish Federation of Greater Philadelphia; and Richard T. Callahan, Jr., office manager, Community Lending and Investment, Wells Fargo.
By: Michael Elkin, Source: Jewish Exponent
Posted by asmirm on January 30, 2015
Our Winter 2014 Friends Digest issue is out.
Posted by asmirm on December 30, 2014
Who gets the last piece of pumpkin pie? It was all up to kibitzing debate as senior residents of Federation Housing, Inc., shared a Thanksgiving feast and fun, compliments of the Jewish Federation of Greater Philadelphia, the Pincus Fund for Hunger Relief and individual donors. More than 400 residents spanning six locations gathered to celebrate the joyous holiday, including Samuel A. Green House buddies (from left) Nellie Mizrahi, Gail Gross, Adele Rappoport and Hilda Gecker.
Posted by asmirm on December 11, 2014
Federation Housing, Inc.’s board and staff gathered to honor exec, Eric D. Naftulin, for his 25 years of distinguished service. Board president, Brett Altman, along with fellow board and staff members, lauded Eric for his extraordinary and tireless caring for FHI’s low-income, senior residents and his tremendous leadership of the organizing for a quarter-century.
Please visit our Facebook page for pictures from this event.
Posted by asmirm on November 9, 2014