Affordable housing laid the foundation of Related Companies and we continue to place a high priority on developing, acquiring and preserving housing for this sector. In fact, over 60% of our 50,000 residential apartment homes under our management are part of one or more affordable housing programs, and an additional 20% of these homes provide workforce housing.
In the area of acquisitions and refinancing, we pursue properties that meet one of the following criteria: Section 8 properties with project-based contracts; Section 236 properties in need of rehabilitation; Section 42 LIHTC properties with expiring low-income restrictions; Section 515 FmHA properties with loans that can be prepaid; or other assisted properties, including HODAG, HOME, federal or state-financed public housing.
Many of the buildings we encounter are in need of substantial upgrading and preservation in order to continue to properly fulfill the needs of their tenants. Given our 42 years of experience in debt and equity financing \u2013 as well as our extensive management of government-assisted properties \u2013 we are well positioned to buy out existing owners who lack the resources and experience to recapitalize and, therefore, wish to exit the affordable housing arena. In addition, with our extensive development experience, we bring the knowhow to expertly rehabilitate the units, thus assuring the continued viability of these projects for years to come.
Lottery Compliance Manager- *Must have affordable housing experience*\u00a0Location:\u00a0Astoria, NY
Related Management was founded in 1972 and is an American privately-owned real estate firm in New York City, with offices and major developments in Boston, Chicago, Los Angeles, Las Vegas, Miami, San Francisco, Abu Dhabi, London, S\u00e3o Paulo and Shanghai.\u00a0
Owned by Stephen Ross, the owner of the Miami Dolphins.
Related manages an operating portfolio that includes luxury residential, affordable and workforce apartments, commercial, retail and mixed-use development, and boasts a team of approximately 3,000 professionals.
Benefits and Features
Your Role Within the Company:
The Lottery Compliance Manager will be overseeing a team of 2 at a 444 unit affordable housing community in Astoria, Queens.This employee is responsible, under the direction of the Regional Manager, for the administration of site specific affordable housing and other programs and regulations in compliance with company policy and procedures, agency requirements, and all applicable Fair Housing, Human Rights and Equal Employment Opportunity statutes.\u00a0 The Lottery Compliance Manager is responsive to the Community Manager, Regional Vice President, Director of Compliance, and other officers and executives of Related Management Co., L.P.
The tasks in the Lottery Compliance Manager\u2019s areas of responsibility include, but are not limited to, the following:
Hires and maintains adequate skilled staff to conduct timely, efficient and program compliant lease-ups, including all stages of applicant screening, etc.
Assures appropriate training and validates program compliance skills and knowledge for the lease-up staff.
Coordinates, monitors and participates in all lease-up functions.
Ensures that all requirements per regulatory agreements, management plan, and marketing plans are met for low income/rent subsidy program lease-ups.
Timely and appropriately, handles all aspects of the appeal process such as meetings, correspondence, etc., with sensitivity to Fair Housing and Human Rights obligations and potential discrimination issues.
Keeps the appropriate staff informed of the potential programs and/or Human Rights issues, and utilizes the appropriate in-house resources and responsible staff when researching information in these areas. Outreaches to agencies, etc.; should be completed after an appropriate in-house consultation.
General Program Compliance:
Participates in and ensures timely compliance with all responses to audits, whether in-house or agency audits.
Regularly audits files and procedures to assure ongoing compliance.
Provides feedback, training, and action plans and support as needed, with the coordination of the Director of Compliance, if needed, in order to resolve any findings of non-compliance.
Specific Site Administration:
Responsible for statistical data upkeep and compliance reports, which includes population demographics for FH&EO purposes, Deep-Rent Skewed ratios and requirements, and periodic reporting to all agencies after an appropriate in-house review and confirmation.
Keeps the appropriate staff informed of potential programs and/or Human Rights issues, and utilizes the appropriate in-house resources and responsible staff when researching information in these areas. Outreaches to agencies, etc.; should be completed after an appropriate in-house consultation.
Astoria, Queens is located right outside Manhattan, commutable by most subway lines and public buses. Astoria is famous for their Greek food and has a reputation of having some of the best options for Greek dining.
Strong knowledge of LIHTC program as well as knowledge and experience with NYC lottery process. Familiarity with HCR processes desired.
Bachelor\u2019s degree or equivalent education/work experience.
Ability to supervise and train staff, including organizing, prioritizing, and scheduling work assignments.
Ability to communicate effectively, both orally and in writing.
Strong interpersonal and communication skills and the ability to work effectively with a wide range of constituencies in a diverse community.
Skills in developing policy and procedure documentation.
Knowledge of statistical sampling and survey methodology.
Skills in developing and conducting employee compliance training/orientation sessions.
Knowledge of federal and state laws and regulations.
In-house knowledge of policies, procedures and principles desired.
Working knowledge of Microsoft Office.
Travel might be required.
Must be willing to work various hours.
Pay: $60 DOE\u00a0
Related is an Equal Opportunity Employer
Website : http://www.related.com
When pursuing real estate developments, acquisitions, finance and management, our creativity and commitment to excellence is unmatched in the industry.To always be the premier global real estate company by developing, owning, operating and financing superior developments in each of our market segments, thereby maximizing the benefits for our owners, partners, customers, communities and employees. To create a legacy of positive social, economic and physical impacts for all stakeholders. To sustain and enhance our already pre-eminent reputation within the industry. To offer a challenging and dynamic work environment for our employees. To be at the forefront of developing innovative solutions to the challenges that impact our business and the environment. In 1972, Stephen Ross founded Related Companies, known then as Related Housing Companies. From the beginning, Mr. Ross understood that only an experienced, multi-skilled team of professionals could drive Related to become what it is today – a fully integrated, highly diversified industry leader with expertise in virtually every aspect of development, acquisitions, management, finance, marketing and sales. During the 1970s, Related took the lead in financing and developing government assisted multi-family housing for long-term investment. It was a unique concept at the time and still is today. Related soon became the leading financier and developer of affordable housing in the country. By the start of 1980, Related rapidly diversified and over the next decade the company expanded the scope of its business and the range of its holdings. New projects included large-scale, market-rate multi-family developments as well as major metropolitan office and commercial properties. The financial services arm of the company grew considerably and became a major provider of debt and equity capital for private and public funds. The 1980s also brought about a name change in recognition of the company's new capabilities and expanded services, and the newly named Related Companies opened offices in Miami and Los Angeles to take advantage of opportunities around the country. While the real estate market took a downturn in the early 90s, Related began to acquire and reposition many assets, and its expertise was often sought out by owners of distressed properties. Following the downturn, Related led an urban and commercial resurgence, forming new partnerships and completing several mixed-use developments. Related also managed capital on behalf of several large institutions including the State Teachers Retirement System of Ohio, GM Pension Fund, MEPT and CalPERS, CreditRE and CertRE. Ventures with Credit-Suisse and Zurich Financial were also formed. In 1998, Related won the coveted bid to develop the prestigious Time Warner Center at Columbus Circle in Manhattan, which became an award-winning icon recognized around the world as a premier urban destination. At the onset of the 21st century, Related was poised to continue its expansion into new markets and forge new partnerships. In 2006, Related purchased Equinox® Holdings, Inc., further expanding the company’s capabilities into the fitness and lifestyle arena. Shortly thereafter, the company established partnerships with an elite consortium of investors to support the company’s significant growth potential and provide access to vast capital resources, and immediately began pursuing new transformative development projects of sizable scale, diversifying its portfolio and engaging opportunities abroad. In 2008, Related was selected to develop Hudson Yards, a new 28-acre neighborhood on the west side of New York City, and was tapped by Deutsche Bank to complete construction on the $4 billion Cosmopolitan Development in Las Vegas.