About the Session

This education course qualifies for 1.5 hours of Continuing Education Units for NAHP, NAHP-e, NAHMS, NAHMT, CPO, BCD certifications and renewals.

Budgeting 101 for Affordable Multifamily Housing introduces property managers to key financial concepts needed to run affordable housing communities effectively. The course explains how income-generating properties earn revenue, incur expenses, and assess financial performance through effective gross income, net operating income, debt service, cash flow, and reserves. Participants learn how to differentiate gross potential rent from actual collections, evaluate vacancy and collection losses, categorize miscellaneous income, and understand common operating expense categories such as payroll, utilities, maintenance, insurance, taxes, legal costs, and management fees. The course also covers the purpose and structure of operating, annual, monthly, quarterly, capital, and long-range budgets. It emphasizes using budgets as practical management tools to project income and expenses, control spending, reduce variances, handle unexpected costs, and maximize NOI while supporting the owner’s financial goals and ensuring the property’s long-term stability.

Presenter

A. J. Johnson
A. J. Johnson Consulting Services, Inc.
A.J. Johnson is a nationally recognized leader in affordable housing. A.J. Johnson is president of A.J. Johnson Consulting Services, Inc. and has over 40 years in the affordable housing industry. Johnson has developed over 70 multifamily housing complexes using federal, state and conventional financing, of which more than 40 used the LIHTC. A.J. Johnson Consulting Services has performed asset management reviews on more than 6,000 properties containing approximately 660,000 units since January 1995.

Agenda

9:15 a.m. Sign On

9:30 – 11 a.m. Virtual Session, Including Q&A

Registration

Fees and reasonable expenses for the course are an approved project expense. Cancellation Policy: Registration fees will be refunded less a $50 processing charge ifreceived in writing ten (10) business days prior to the seminar.  Substitutions, but no refunds, can be made after that date.