CHAM - Asset Management Fundamentals (AM290)

CHAM - Asset Management Fundamentals (AM290)


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Course Description:

Notice: To achieve your official CHAM Asset Management Specialist (AMS) designation, you will need to complete all of the following courses: Nuts and Bolts of Asset Management (AM121), Asset Management Fundamentals (AM290), Financial Fundamentals for Asset Managers (AM291). 

Asset Management Fundamentals defines the roles and responsibilities of asset management, identifies key documents and strategies for managing the property manager, and key property performance indicators and standards. It examines how to analyze financial document reports, and audits and how to conduct reserve planning and capital needs assessments.  

By taking the course, you will understand the basics of housing finance, the components of Low-Income Housing Tax Credit (LIHTC) deals (including partnership agreements and other key regulatory documents), and the role and expectations of LIHTC investors. You will also learn how resident services programs and healthy homes strategies can play a role in improving the long-term performance of properties. 

The curriculum is an interactive series of training modules utilizing hands-on participant exercises and case studies to reinforce the principles of asset management in affordable housing. These exercises reinforce basic asset management concepts, particularly related to establishing performance standards and conducting property-level financial and operational analysis.  Duration: 12 Hours.

IMPORTANT: Part 1 in this series, CHAM Nuts and Bolts, is a prerequisite to this course and must be taken prior to enrollment. If you have already completed Part 1 in a live training, please select the "Request Waiver" link in the Prerequisites section above to complete this prerequisite. To obtain the AMS designation, learners will have up to 12 months to complete all prerequisite content and receive a passing score on the final exam.

Jack Geary, Jack Geary Consulting

Judy Weber, Viva Consulting, LLC

Novice asset managers of affordable housing, as well as owner/sponsor staff carrying out asset management functions, lender and HFA staff, non-profit, and for-profit agency development staff, and Board Members with asset management oversight and analysis responsibilities.

Learning Objectives:

  • Distinguish between property management and asset management, and identify where they overlap
  • Identify the asset management function in the life of the property
  • Examine the triple bottom line and the priorities that inform it
  • Identify property performance indicators and standards, and three key determinants to property costs
  • Examine the basics of a management plan, marketing plan, and the standard components of a property management agreement
  • Examine the basic financial documents and reports for an asset manager
  • Recall the basic elements of an audit, and where to find key performance indicators
  • Recall how to conduct a comparability analysis, benchmarking, and trending
  • Identify six key areas of asset management responsibility
  • Recall how to develop an asset management plan, standards, and best practices
  • Recall the four elements of property reserve strategy and best practices in conducting a capital needs assessment
  • Recall the basics of housing finance, how affordable housing is different, and the basic components of LIHTC deals
  • Examine the role and expectations of LIHTC investors, partnership agreements and other key documents
  • Recall how residents’ services and healthy homes can play a role in long-term performance

Pricing and Payment Options:

  • Credit Card payment is preferred. Use the "Add to Cart" button and proceed to checkout.
  • Check payment available by request.
  • Special Pricing available for Subscribers.


The information presented is for general reference only. HAI Group makes no representation or warranty about the accuracy or applicability of this information for any particular use or circumstance. Your use of this information is at your own discretion and risk. HAI Group and any author or contributor identified herein assume no responsibility for your use of this information. You should consult with your legal, professional or subject matter advisor before implementing any new strategy or policy.

Course Provider CHAM

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  • 499.00
    • Credits

      • IACET CEU (CEUs): 1.2