Certified Housing Asset Manager

  • The Certified Housing Asset Manager is an advanced-level designation that teaches the skills needed to manage the long-term success of affordable housing properties and portfolios. Candidates are typically responsible for implementing asset management in their organizations or are planning a career move into the profession.

    What You Will Learn

    • Evaluate the performance and cost of real estate assets.
    • Techniques for analyzing and managing properties and portfolios to optimize the contribution of the real estate to the owner’s goals (both financial and mission).
    • LIHTC topics, including investor return, adjusters, recapture and Year 15 disposition analysis.
    • Risk management strategies to prevent or manage problems.

  • The course concludes with a hands-on practicum where candidates develop
    an asset management plan for their own organizations.


    • Analysts, asset managers, portfolio managers
    • Developers
    • Property managers
    • Individuals who supervise or oversee asset managers, such as CEOs and CFOs.

Candidates could work at nonprofits, for-profits, syndicators, investors, lenders, Housing Finance Agencies, Public Housing Authorities and government.

Program Requirements
Prerequisite: The Asset Management Specialist designation.

Candidates will take 4 courses at the NeighborWorks Training Institute to earn their CHAM designation:

Advanced Financial Tools for Asset Managers (AM321)
Master a range of techniques to measure the profitability of multifamily real estate and options for refinancing a property’s debt. Dive into LIHTC issues and concepts.

Advanced Housing Asset Management (AM351)
Hone the full range of asset management skills needed to analyze each aspect of performance of portfolios and individual properties.

How to Maintain Compliance in LIHTC Projects (AH211) or an approved equivalent Low Income Housing Tax Credit compliance course from another source.

Plus one of the following: 

To earn the designation, the candidate needs to pass the final exams for each of the courses and successfully complete the practicum as part of Advanced Housing Asset Management (AM351).

How to Enroll

The Certified Housing Asset Manager courses are usually offered in-person three times a year at the NeighborWorks Training Institute. Unfortunately, due to the pandemic, NeighborWorks has not yet decided when to resume classes. 

Candidates will need to submit a certification enrollment form when ready to start the program. A $100 fee is required and covers both certificate programs. Candidates will have three years to complete all coursework and pass the tests.

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