Whether you are submitting an annual property budget to an owner for approval, or to HUD or a Contract Administrator during the rent increase process, we have tips and tricks that we will lessen the frustration in preparing your budget.
Join Heather (Staggs) Wezensky and learn the ins and outs of the multifamily budgeting process. We will discuss affordable housing budgets, as well as HUD budgets; along with what should be in your budget, pitfalls to avoid and the best way to get your budget approved the first time you submit. We will also discuss how HOTMA will affect your property budgets and what needs to be considered as you prepare to complete your annual budget.
Gain an understanding of:
Define budget types
Review budget line items
NOI/cash flow and the tools needed to prepare a budget
How to account for all potential expenses allowing for potential rent increases
Learn basic budget and financial calculation methods
Resident retention and lease renewals/rent projections
HOTMA considerations
Agenda
1:15 p.m. - Sign on
1:30 – 3:00 p.m. - Webinar: Completing and Submitting a Better Multifamily Property Budget Without All the Frustration
SPEAKER
Heather Wezensky, CPO™, FHC™, SHCM™, AHM, President, STAR Compliance Consulting, Seldin, LLC
Heather brings knowledge from both the property management and regulatory sides of affordable housing industry. She is a 27-year property management veteran; in addition, she has served as the previous manager for both the PBCA Section 8 Contract Administration and LIHTC Program Compliance departments within the Colorado Housing and Finance Authority (CHFA). Prior to that, she was a Project Manager with the U.S. Department of Housing and Urban Development. Heather is an expert in Fair Housing practices and affordable housing program compliance rules and regulations. These skills allowed her to serve as an expert witness for a recent high-profile Federal Fair Housing property management case. Heather has first-hand insight into the latest affordable housing compliance trends all due to her on-site consulting work with multiple affordable housing programs, in addition to her company reviewing over 1000 resident files on a monthly basis. Her ability to comprehend the complex rules and regulations of the affordable housing industry, allows her to assist her clients across the country to stay compliant with not only state monitoring and government agencies, but also with Fair Housing laws. Heather is the past Chair of NAHMA’s National Fair Housing Committee and is currently the incoming Chair of their Education and Training Committee. She also sits on the SHCM™ Special Advisory & Technical Committee. Heather was given the distinct honor of NAHMA’s Industry Achievement Award in 2019 and is a current NAHMA approved CPO™, BCD™ and FHC™ Instructor.
REGISTRATION
A certificate of completion including 1.5 hours of CEUs will be provided following the completion of this session. Registration fees must be paid in full prior to the virtual meeting. Substitutions are permitted.
Course link and materials will be sent via email prior to the course date.
Fees and reasonable expenses for the course are an approved project expense.
Cancellation Policy: Registration fees will be refunded less a $35 processing charge if received in writing ten (10) business days prior to the seminar. Substitutions, but no refunds, can be made after that date.