Picture this: a new application lands in your queue at 9 a.m. You've got until 9 a.m. tomorrow to review it. The household income looks borderline, the asset documentation is incomplete, and the property's in its first year of the compliance period. That's a pretty normal Tuesday in affordable housing compliance.
Asset Living, one of the larger third-party management firms in the country and an NMHC top 50 operator, is adding a Compliance Specialist to support their affordable housing portfolio across North Carolina and South Carolina. This is a hybrid role, so you'll work remotely most of the time, but the travel is real. Roughly half your working hours annually will involve property visits, training sessions, and tax credit reviews by outside entities. If you're expecting a fully remote desk job, this one isn't it.
Your primary function is reviewing affordable housing resident files for eligibility and regulatory compliance under LIHTC requirements. The 24-hour turnaround on file review is a hard expectation, not a guideline. You'll track changes in tax credit regulations and update procedures accordingly, participate in outside tax credit reviews, and attend TDHCA trainings on an annual basis.
Certification matters here. If you don't already hold the Housing Credit Certified Professional (HCCP) designation, you'll be required to complete the training and pass the exam within your first two years. Asset Living also considers HUD program knowledge a meaningful plus, since affordable portfolios often blend programs.
One honest note about this type of role: the compliance side of affordable housing has gotten more scrutinous over the past few years. State housing finance agencies are doing more frequent file audits, and the margin for documentation errors has shrunk. Strong candidates aren't just organized. They're people who understand why a missed verification or an incorrect income calculation can put a unit's tax credit status at risk, and they treat every file accordingly. That instinct is what separates a solid compliance specialist from someone who's just checking boxes.
This role is well-positioned for someone who wants to grow into a compliance manager or regional compliance director track within a large fee management organization. Asset Living's affordable portfolio spans multiple states, which means there's genuine upward movement for people who build expertise here.