National WAHN (Virtual) Fall Course Series – Session 4: The Affordable Housing Owner’s Toolkit
Navigating Affordable Housing Documents: Understanding, Analyze, Apply
Audits, Tax Returns, Operating Agreements & More
Program Overview
Affordable housing professionals interact with complex financial and legal documents every day-from audits and tax returns to operating agreements, partnership reporting, investor communications, and ownership documents.
This series is designed to help participants decode these documents and understand what matters most to their role.
The goal is not to create accountants, auditors, tax professionals, or attorneys. The goal is recognition, escalation, and better questions.
Participants will learn how to:
• Understand what each document is designed to accomplish
• Recognize important information and potential risks
• Know when additional questions should be asked
• Understand when concerns should be escalated
• Become more confident participating in financial and ownership discussions
Learning Philosophy
This program is designed to build literacy-not advanced technical proficiency.
Success is measured by whether participants can identify issues, ask thoughtful questions, and understand how documents affect affordable housing operations and ownership outcomes.
Session Lineup
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- Session 1 (August 31, 2026): Documents Drive Outcomes – Understanding the Operating Agreement
- Session 2 (September 8, 2026): Why These Numbers Don’t Match – Understanding Deal Structure & Investor Economics
- Session 3 (September 29, 2026): What Am I Looking At? – Understanding the Audit, Tax Return & Operating Agreement.
- Session 4 (October 6, 2026): The Affordable Housing Owner’s Toolkit – Affordable Housing Finance & Tax Fundamentals
- Session 5 (October 20, 2026): How Allocations Actually Work – Capital Accounts, Liabilities & K-1s
- Session 6 (November 3, 2026): When Things Break & How Deals End –Year 15, Exits & Capital Account Fixes
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You must attend the live session to obtain CPE credit. All sessions are live from 12:00-1:30 EST (Panel 12:00-1:00, Optional Q&A 1:00-1:30), with the option to watch the video for one week after the live presentation.