Asset Management Basics

Course Description

"Asset Management Basics" covers essential asset management skills and concepts, including budgeting, maintenance management, audits, and portfolio management. This 101-level course is ideal for housing authority and nonprofit development staff looking to gain a better understanding of how to effectively manage their organization's assets for maximum efficiency and profitability.

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What You'll Learn:

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1. Introduction to Asset Management:

   • Define asset management and its role in sustaining affordable housing.

   • Differentiate between property management and asset management.

2. Regulatory and Financial Oversight:

   • Understand compliance requirements for HUD programs, LIHTC, and other affordable housing funding sources.

   • Learn to interpret financial reports, including operating statements and capital needs assessments.

3. Portfolio Performance Metrics:

   • Identify key performance indicators (KPIs) to measure the health of affordable housing assets.

   • Analyze occupancy, rent collection, and expense control metrics to ensure portfolio sustainability.

4. Capital Planning and Preservation:

   • Develop capital improvement plans to maintain property value and compliance.

   • Explore funding strategies for property upgrades and deferred maintenance.

5. Risk Management and Strategic Decision-Making:

   • Learn techniques to mitigate risks related to regulatory compliance, financial performance, and market conditions.

   • Understand how to make data-driven decisions to optimize portfolio performance.

6. Resident and Community Impact:

   • Incorporate resident needs into asset management strategies.

   • Balance financial objectives with community development goals.

Delivery Format:

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The program can be delivered as an in-person workshop, virtual seminar, or hybrid format, with interactive exercises, real-world case studies, and resource materials to ensure practical learning outcomes.

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Who Should Attend:

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• City Housing Department Staff

• Public Housing Authority Staff

• Community Development Professionals

• Policymakers and Advocates

• New Professionals in the Affordable Housing Sector

Why Choose Us:

With over 30 years of hands-on experience in affordable housing development, our lead trainer has successfully closed over 2,500 affordable housing units and led the largest self-development project by a housing authority in the United States. Our training programs are enriched with actual case studies and practical tools, ensuring you gain valuable insights and skills that you can immediately apply to your work.

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Join us to build a strong foundation in affordable housing and make a meaningful impact in your community!

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