To thrive as an LIHTC Compliance professional, you need a solid understanding of affordable housing regulations, property management processes, and the specifics of the Low Income Housing Tax Credit program, typically supported by relevant experience or certification. Familiarity with compliance management software, document tracking systems, and tools like Yardi or OneSite is essential. Attention to detail, strong organizational skills, and the ability to communicate effectively with property staff and residents are key soft skills. These skills ensure accurate compliance reporting, successful audits, and continued program eligibility for housing developments.