CHAM Asset Management Specialist (AMS) Certification

CHAM Asset Management Specialist (AMS) Certification

Certification

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Description

Course Description:

CHAM’s Asset Management Specialist is a respected industry standard for professional achievement focused on the fundamentals of asset management with an emphasis on overseeing property performance. Learners examine the basic principles of asset management and master the tools required to manage the property and fulfill the owner’s goals.


The AMS designation is earned by satisfactory completion of three CHAM courses: ‘Nuts and Bolts of Asset Management', ‘Asset Management Fundamentals’, and ‘Financial Fundamentals for Asset Managers’. The curriculum is designed to be an interactive training session that uses hands-on participant exercises and case studies to reinforce the principles of asset management of affordable housing.


What You Will Learn:

  • Roles and responsibilities the asset manager plays through the life stages of a property
  • Property performance indicators
  • Basics of an affordable housing deal and importance of setting up deal books for each property
  • Components of property and portfolio asset management plans
  • How to apply real estate financial analysis tools to a property and identify options for improving financial performance

 

The AMS certification is a prerequisite for CHAM’s Certified Housing Asset Manager designation.


Duration: 34 Hours.


Instructors:

Jack Geary, Jack Geary Consulting, Juana D. Mejia, JDM Consulting Services, Judy Weber and Laurie Gould, Viva Consulting


Audience:

Analysts, asset managers, portfolio managers, especially people who are new to the field; developers; property managers; individuals who supervise or oversee asset managers, such as executive directors CEOs and CFOs.  Learners could work at nonprofits, for-profits, housing agencies, syndicators, investors, lenders, Housing Finance Agencies and government.  It is recommended that learners have a basic understanding of affordable housing and a working knowledge of Excel.


Pricing and Payment Options:

Objectives

  1. Examine the nuts and bolts, and perform fundamental tasks of affordable housing asset management.
  2. Examine the six key areas of asset management responsibility to maximize effectiveness and explore asset management planning for the organization, a property, and a portfolio.
  3. Explain the basics about how an affordable housing deal is structured, and summarize the roles and responsibilities of ownership in a low income housing tax credit deal, including key elements, conditions, and documents.
  4. Examine the costs and benefits of resident services.
  5. Review typical asset management reports.
  6. Review and evaluate critical asset management activities including compliance, monitoring, and reporting; risk management, capital needs assessments, and capital planning; key contracts, real estate tax appeals/abatements; and green strategies.
  7. Analyze the main drivers of property cash flow
  8. Calculate a property’s supportable debt and evaluate the impact of debt refinance.
  9. Calculate the difference between cash flow and taxable income.
  10. Estimate a property’s value using the economic valuation/cap rate method.
  11. Master the basics of real estate financial analysis, including current financial status of a multifamily property.
  12. Identify options for improving the property’s financial performance and prepare multi-year financial projections.

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