Managing replacement reserves and developing capital improvement plans was once the exclusive province of accounting departments and central offices. Increasingly, however, property and site-level managers are finding themselves more involved in these often complex functions.
In this special webinar, Paul Votto, NCHM's National Director of Housing Programs, explains the fundamentals of replacement reserves and the related topic of capital planning.
Participants will learn:
The basic structure of a replacement reserve
Which properties are required to have a replacement reserve, which are not, and why
What constitutes an eligible replacement item
The special rules that apply to HUD-financed properties
The basic steps in capital improvement planning and how they relate to replacement reserves
How to balance capital improvement needs with available resources
Participants will leave the webinar with a practical understanding of how replacement reserves work and how they fit into the overall process of capital improvement planning.