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
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
Complete all pre-work by provided deadlines
Active Participation
Attend live sessions and engage in collaborative activities
Software Requirements
Microsoft Excel and Zoom proficiency required
Hardware Setup
Dual monitors, webcam and file management capabilities
Your Instructor
Yelena Zilberfayn
Faculty Member | NeighborWorks
What Learners Are Saying
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)
Ready to Get Started?
Join hundreds of housing professionals building the skills to create lasting community impact