Home / Courses / AM321vc: Advanced Financial Tools for Asset Managers (CHAM) - March 4, 2027
Faculty - Led Course | Advanced Level | Pre-requisite Requirement

AM321vc: Advanced Financial Tools for Asset Managers - Part 1

This is part one of a two-part class (AM321vc & AM322vc) and counts towards the Certified Housing Asset Manager designation. You’ll dive into sophisticated measures of property performance, exploring long term investment returns, equity growth, the value of future cash flow, and the earning power of an asset using affordable housing scenarios. You’ll also navigate debt restructuring, refinancing strategies, and key LIHTC considerations, including investor returns, recapture risk, and Year 15 planning. Intermediate Excel skills are recommended.

This class includes a post-course certification exam, successful completion of which is required for the Certified Housing Asset Manager designation. The Advanced Financial Tools curriculum assumes that participants are proficient in the use of Excel.

Successful completion of the AM291 course and test (Financial Fundamentals for Asset Managers) is a prerequisite for this course.

What You'll Learn

  • Perform advanced financial analysis of multifamily assets, including ROI, NPV, IRR, debt and portfolio health.
  • Evaluate refinancing, tax credit scenarios and Year 15 strategies to maximize LIHTC property performance.
  • Apply financial insights to guide strategic decisions that strengthen long-term, mission-driven housing goals.

Live Session Schedule

Week 1:

Thursday, March 4, 2027, | 3:30-5:00 PM EST

Week 2:

Thursday, March 11, 2027, | 3:30-5:00 PM EST

Week 3:

Thursday, March 18, 2027, | 3:30-5:00 PM EST

Week 4:

Thursday, March 25, 2027 | 3:30-5:00 PM EST

Come Prepared for the Course

This faculty-led course takes place over four weeks and includes up to a 90-minute weekly live web conference session, self-paced online assignments and the use of peer discussion forums. Learners should expect to spend approximately four hours per week on course related reading and assignments. All required coursework is due by 11:59 p.m. PT on the designated day of class.

Pre-Work & Preparation

Pre-Work & Preparation

Complete all pre-work by provided deadlines

Active Participation

Active Participation

Attend live sessions and engage in collaborative activities

Software Requirements

Software Requirements

Microsoft Excel and Zoom proficiency required

Hardware Setup

Hardware Setup

Dual monitors, webcam and file management capabilities

Your Instructor

Katherine Fleming

Katherine Fleming

Faculty Member | NeighborWorks

Katherine has over 25 years of experience in the affordable housing industry, working in project development and asset management. Katherine joined EAH Housing, located in the San Francisco Bay Area in 2023 as SVP Portfolio, and was promoted in March 2024 to Chief Portfolio Officer, overseeing Real Estate Management, Resident Services, Asset Management & Compliance operations. Before EAH, she was SVP Portfolio for BRIDGE Housing for eight years where she oversaw long-term portfolio strategies. Katherine also has worked for the LIHTC syndicator, RBC Capital Markets, for seven years as a VP-Development Risk Manager. There, she was responsible for a portfolio of properties under construction and lease-up, totaling over $280 million in equity investment and over 3,300 units throughout the United States. She was Director of Asset Management for Resources for Community Development in Berkeley, CA, for three years. She began her career in Massachusetts at The Community Builders as a Real Estate Development Project Manager. Katherine has also been an instructor for NeighborWorks America, teaching courses for the Asset Management Specialist & CHAM Certification since 2015.

What Learners Are Saying

"This course gave me exactly what I needed to get started in housing counseling. The practical tools and real-world examples made it easy to apply what I learned immediately with my clients."

Maria Rodriguez

Housing Counselor, Urban CDC

"As someone transitioning from social work into housing counseling, this course provided the perfect foundation. The content was incredibly relevant to my daily work."

David Chen

Community Development Specialist

"The instructor's expertise really shines through in every module. I appreciated the balance of theory and practical application."

Sarah Johnson

Housing Program Manager

Certified Housing Asset Manager

Certified Housing Asset Manager

The Certified Housing Asset Manager™ designation represents advanced proficiency in affordable housing asset management. Recipients have completed rigorous training in evaluating property and portfolio performance, applying LIHTC compliance strategies and implementing risk management practices. Through a hands-on practicum, candidates develop an asset management plan for their own property, demonstrating applied skills that directly benefit their organizations. This credential confirms readiness to lead asset management functions across nonprofit, for-profit and public housing sectors.

Courses needed to earn this credential:

  • Complete: AM321 Advanced Financial Tools for Asset Managers (in-person) OR faculty-led: AM321vc Advanced Financial Tools for Asset Managers Part 1 AND AM322vc Advanced Financial Tools for Asset Managers Part 2
  • AM351: Advanced Housing Asset Management (in-person)
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