Rent Implementation Specialist

The Rent Implementation Specialist oversees the administration and implementation of rent
adjustments, utility allowances, and maximum allowable rents across a portfolio of affordable housing
communities. Serving as a subject matter expert on LIHTC rent requirements and regulatory
requirements, the role ensures accurate, compliant rent schedules and utility allowance changes. The
position collaborates with Property Management, Accounting, Property Operations, and CMI teams to
assess financial impacts, support budgeting and forecasting, manage regulatory submissions, maintain
portfolio reporting, and provide leadership with insights and recommendations on rent performance
and revenue optimization

ROLE AND RESPONSIBILITIES
• Coordinate and oversee the annual utility allowance analysis, calculation, approval, and
implementation process across a varied portfolio of affordable housing communities, ensuring
timely completion and compliance with applicable requirements.
• Maintain comprehensive knowledge of utility allowance methodologies, including HUSM, ECM,
PHA, and State Agency published allowances, and ensure the appropriate methodology is
applied based on property and program requirements.
• Maintain expertise in Maximum LIHTC Gross Rent requirements and other applicable affordable
housing regulations, monitoring regulatory and industry changes and recommending
procedural updates to maintain compliance.
• Identify agency-specific approval and submission requirements for rent increases, utility
allowances, and related budget changes; prepare and submit required documentation and
track approvals, deadlines, and effective dates through implementation.
• Direct the communication and implementation of approved rent schedule and utility allowance
changes, including necessary rent decreases, ensuring property management and other
stakeholders understand required actions and timelines.
• Analyze utility allowance changes, rent adjustments, market recommendations, and rent
growth assumptions to evaluate impacts on maximum allowable rents, property budgets,
revenue projections, operating performance, and cash flow