About the Founder.

Arthur Loren Elam

Founder of Elam & Company Inc., specializing in Exemption, Liability, Assessment & Management for nonprofit housing organizations.

Below is a detailed overview of my professional background, technical expertise, and the services I provide through Elam & Company Inc.

Resume + About Me

I am a Senior Compliance Specialist with extensive experience managing real estate tax strategy, welfare exemptions, and affordable housing compliance for nonprofit housing organizations across California, but I work nationwide. My work spans more than 80 properties across 22 counties, and I have overseen thousands of compliance and tax‑related submissions, audits, assessments, and regulatory filings.

I specialize in developing systems, improving workflows, strengthening compliance accuracy, and protecting nonprofit organizations from tax liability, audit findings, and funding risk. My approach is detail‑driven, proactive, and grounded in a deep understanding of local, state, and federal regulatory requirements.

Leadership & Impact

I serve as the operational backbone of the Compliance Department at Linc Housing, where I manage high‑level functions that span compliance operations, property taxes, welfare exemptions, regulatory agency coordination, TCAC/HCD oversight, internal audits, and new‑development compliance readiness.

I oversee compliance for more than 80 properties across 22 counties, manage over 1,000 annual reports, and handle 1,300+ welfare exemptions each year. My work protects millions of dollars in affordable housing funding by preventing negative points, willful noncompliance findings, and audit risks across multiple agencies.

I built the organization’s tax tracking and welfare exemption system from the ground up, a tool now used across Compliance, Asset Management, and Development. I work directly with 22 county assessors, resolve tax discrepancies, process refunds, manage audits, and ensure that exemptions and assessments are completed accurately and on time.

In my role, I train and onboard new compliance staff, support cross‑departmental partners, and serve as the primary point of escalation for complex compliance issues. I coordinate TCAC, LACDA, HCD, and HUD requirements, close out inspection findings, secure 8823 resolution letters, and support compliance readiness for new developments, including lease‑up and PIS processes.

My responsibilities extend far beyond the traditional scope of a Senior Compliance Specialist. I regularly operate at a Compliance Manager or Assistant Director level, guiding departmental strategy, building systems, improving workflows, and supporting organizational growth. My work directly contributes to the stability, risk mitigation, and long‑term compliance success of the entire portfolio.

  • Linc Housing Corporation — Senior Compliance Specialist (2017–Present)

    Department: Compliance
    Reports to: Director of Compliance (Functionally operates at Manager/Assistant Director level)

    • Manage compliance and real estate tax responsibilities across 80+ properties in 22 counties

    • Oversee welfare exemptions, property tax audits, TCAC/HCD/HUD/HOME reporting

    • Lead annual reporting (1,000+ reports) and exemption filings (1,300+)

    • Coordinate directly with county assessors, auditor‑controllers, and agencies

    • Build department systems and workflows, including tax tracking tools

    • Welfare Exemptions (BOE‑267, renewals, audits)

    • Property Tax Strategy & Assessment Review

    • Affordable Housing Compliance (LIHTC, TCAC, HCD, HUD, LACDA, HOME)

    • Annual Reporting & Regulatory Submissions

    • File Audits & Quality Assurance

    • Lease‑Up / PIS Compliance

    • Multi‑county assessor communication

    • Documentation accuracy & risk mitigation

    • System design, workflow development, and compliance tracking

    • Cross‑department training & staff development

    • County Assessor Liaison

    • Audit Preparation & Quality Control

    • Workflow and Systems Development

    • Multi-layer regulatory agreement analysis

    • County-specific welfare exemption procedures (22+ counties)

    • Property tax assessment review & reduction strategies

    • Auditor‑Controller communication & tax correction processes

    • BOE‑267 and exemption evidence documentation

    • Complex asset income calculation (stocks, bonds, CDs, real estate, retirement accounts)

    • Imputed income rules

    • Lump-sum and irregular income treatment

    • NNPP exclusions & treatment

    • TCAC 8823 issue resolution

    • Inspection preparation & close-out documentation

    • Lease-up file readiness for new developments

    • PIS tax planning for new construction

    • Multi-county assessor liaison experience

    • System design (tax trackers, compliance matrices, audit dashboards)

    • Cross-department compliance training

    • Risk mitigation strategies for nonprofit housing organizations

    • Regulatory interpretation across LIHTC, TCAC, HCD, HUD, HOME, LACDA programs

    • LIHTC Compliance Training

    • HOTMA Income & Asset Calculation Training

    • HUD Compliance Standards Training

    • HCD Compliance Training

    • TCAC Regulatory Compliance Training

    • HOME Program Compliance Training

    • LACDA Regulatory Compliance Training

    • County Welfare Exemption (BOE‑267) Preparation Training

    • Audit Standards Training (TCAC, HCD, HUD, HOME)

    • Annual Compliance Reporting Training

    • Lease-Up & PIS Compliance Training

    • Fair Housing & Tenant File Compliance Training

  • Welfare Exemption Services

    • Preparation and submission of county welfare exemption forms

    • Supporting documentation packets

    • Annual renewals, corrections, and appeals

    • Communication with county assessors

    • Exemption tracking and system creation

    Real Estate Tax Strategy

    • Property tax bill review

    • Refund identification and tracking

    • Penalty avoidance and assessor corrections

    • Assessment analysis for land and improvements

    • PIS/lease‑up tax planning for new developments

    Compliance Management

    • LIHTC, TCAC, HCD, HUD, HOME, LACDA, and covenant reporting

    • Inspection preparation and 8823 resolution

    • Annual report coordination and submission

    • Regulatory interpretation and guidance

    File Audits & Monitoring

    • Full certification file audits

    • Internal QA review

    • Corrective action guidance

    • Documentation quality standards

    Training & Technical Assistance

    • Compliance training for staff and departments

    • Welfare exemption education

    • HOTMA/income calculation training

    • Lease‑up readiness training

    • Workflow and system training

    Consulting & Department Systems

    • Department workflow development

    • Custom tracking tools

    • Compliance system design

    • Risk mitigation strategies

    • Managed 1,300+ welfare exemptions annually

    • Oversaw 1,000+ compliance submissions per year

    • Created tax tracking and compliance systems used company‑wide

    • Supported 11+ new developments with lease‑up compliance

    • Coordinated with 22 counties on tax and exemption issues

    • Reduced organizational tax liability through accurate filings

    • Prepared documentation for audits and resolved findings