PD120-ASSET MANAGEMENT FOR AFFORDABLE HOUSING

National Development Council

#9114440

Tuesday, June 20, 2017, 9 a.m.
Thursday, June 22, 2017, 3 p.m. EDT

Philadelphia, PA, United States

CM | 17.50

Add to My Log

Overview

The asset manager performs a vital role in preserving quality affordable housing developments. Good asset management is critical to all involved parties, from investors to lenders to the low-income families this housing serves - and is a critical risk management strategy as well. Participants gain an understanding of the goals of asset management, their role in achieving those goals, and the tools needed to manage risk effectively. 

Agenda

DAY 1

8:30 a.m.                 COFFEE AVAILABLE

9:00                           WELCOME AND INTRODUCTIONS

9:30                           INTRODUCTION TO ASSET MANAGEMENT     

                                   -  Asset Management as Risk Management

                                   -  What Is Asset Management and Why Is It Important?

                                   -  What Is the Role of an Asset Manager?

                                   -  Who Is Involved in Asset Management?

                                   -  What Is Needed to Effectively Perform Asset Management?

10:00                        INTRODUCTION TO PROBLEM SOLVING PROCESS

10:30                        LAYING THE FOUNDATION FOR EFFECTIVE ASSET MANAGEMENT

                                   -  Real Estate Finance Fundamentals

                                         o  Net Operating Income

                                         o  Capitalization Rates

                                         o  Debt Service

                                         o  Cash-on-Cash Return

                                   -  Permanent Lender Concerns

                                         o  Debt Coverage

                                         o  Loan-to-Value

                                   -  Construction Lender Concerns

11:00                       LOW-INCOME HOUSING TAX CREDIT (LIHTC) PROGRAM

                                  -  Origins

                                  -   Three Threshold Criteria

                                         o  Income Limits

                                         o  Rent Limits

                                         o  State Approval

 12:00 p.m.              LUNCH

 1:30                          LIHTC PROGRAM (cont.)

                                   -   9-Percent and 4-Percent

                                   -  Calculating Credits

                                   -  Bond Deals

                                   -  Common “Gap” Financing Sources

2:30                           LIMITED PARTNERSHIPS AND LIMITED LIABILITY COMPANIES

3:00                           ASSET MANAGEMENT DURING CONSTRUCTION

                                   -   Most Common Issues and Their Impact

                                       o  Change orders

                                       o  Delays

                                       o  Problems with Contractors

                                  -  The Role of the Asset Manager

                                  -  Managing the Risk

                                  -  Case Study

5 :00                          ADJOURNMENT


DAY 2
                                   

8:30 a.m.                 ASSET MANAGEMENT DURING LEASE-UP

                                  -  Most Common Issues and Their Impact

                                      o  Slow lease-up

                                      o  Property Management

                                      o  Compliance

                                  -  The Role of the Asset Manager

                                  -  Managing the Risk

                                  Case Study

12:00 p.m.              LUNCH 

1:30                          ASSET MANAGEMENT DURING OPERATIONS

                                   -  Most Common Issues and Their Impact

                                       o  Revenues and expenses

                                       o  Occupancy

                                       o  Property Management

                                       o  Compliance

                                    -  The Role of the Asset Manager

                                    -  Managing the Risk

 3:00                           ASSET MANAGEMENT DURING OPERATIONS (cont.)

                                     -  Reading and Analyzing Financial Statements

                                     -  Making Adjustments

4:00                           CASE STUDY: ASPEN HILLS APARTMENTS

5:00                           ADJOURN

 

DAY 3

 8:30 a.m.                 DISPOSITION AT END OF COMPLIANCE PERIOD

                                   -  Sale for Fair Market Value

                                   -  Minimum Price Sale

 9:30                           PROBLEM SOLVING

                                    -  The Process

                                    -  Typical Players in an LIHTC Project – Lenders, Investor, General Partner,
                                       Development Team, State HFA

12:00 p.m.              LUNCH

1:30                          WRAP-UP AND ROUNDTABLE DISCUSSION

3:00                          ADJOURNMENT

 

Register now and save with coupon code: APA15 

 

View Current NDC Training Schedule
Bring NDC Training to Your Community


Training Our Communities, Our States, Our Nation

NDC Training builds development finance capacity in professionals working at every level and for every sector of the economic, housing and community development profession:

• Federal, State and Local Governments
• Nonprofits – national, regional and neighborhood-based
• Philanthropic Foundations and Individuals
• Community Banking
• Tax Credit Syndicators and Investors
• Legal, Accounting Development partners.

NDC created the first training program solely for economic, housing and community development practitioners four decades ago. Since then, we have trained more than 70,000 individuals in the art and science of economic and housing development finance.

NDC’s courses are intense and rigorous, with as many classroom hours as an average college course, plus homework, and in certification courses, a final examination administered on the last day of each class. You may attend the courses at your own pace but may not enroll in any course until you have met all prerequisites. Training participants work through case studies based on actual projects. Real world problems and obstacles arise and are resolved.

Course instructors, including community and economic development officials, former bankers, developers, entrepreneurs and government agency leaders, are members of NDC’s team of development finance specialists who impart real-world knowledge in the classroom. As deal-doers themselves working in communities across the country in support of NDC’s mission, our instructors bring a wealth of experience and a timely perspective to every NDC training course.

Resource URL

https://nationaldevelopmentcouncil.asapconnected.com/ClassDetail.aspx?pk=711337

Speakers

Erin O'Neill

Ms. O’Neill is an accomplished development professional with over sixteen years’ experience in all areas of low income housing tax credits. She has a strong analytical ability and successful in review of rental real estate development projects. Erin resides in Erie, Colorado. Read More

Contact Info

Tom Jackson, tjackson@ndconline.org