Nuts and Bolts of Asset Management
December 04, 2019 09:00 AM - 04:00 PM

Edwards House Meetings & Retreats
1 Badger Road
Framingham, MA 01702


2 Day Course: December 4 - 5, 2019

Nuts and Bolts of Asset Management is a LISC class, also used extensively by NeighborWorks America and the Consortium for Housing and Asset Management (CHAM). The class is an interactive and highly participatory hands-on workshop designed for practitioners and board members with a wide range of professional experience. The curriculum was developed by LISC and is used as the introductory required class for the Certified Housing Asset Manager (CHAM) Certification. The session includes an overview of key property asset management concepts and theories and a review of the responsibilities of key asset management participants, including:

  • Introduction to the double bottom line concept of affordable property ownership – the theory of steering properties toward both business and mission-based goals and outcomes.
  • Review of the life stages of a property - review of key asset management functions and responsibilities through the various planning, construction, lease up, operational and disposition phases, with a focus on the critical interrelationship between these stages.
  • Introduction and thorough review of property performance standards, including extensive basic numbers crunching designed to increase understanding of key performance indicators and their relationship to financial and operational health and long-term viability. Analysis of key performance standards includes revenue, occupancy, expense and financial ratios, trend projection analysis.
  • Training on the review and analysis of property financial reports and property/partnership audits as well as best practices in tracking, measuring and assessing progress toward key operational and financial performance.
  • The session includes numerous individual and group exercises and case study, including a half-day group case study of a property “workout” where participants will map out the recovery of a troubled property.


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