Asset Management Special Topics
Thursday, January 14, 2027
2:00 – 2:45 PM EST
About This Training
Following AHIC’s April 2026 risk rating update for LIHTC investments, the Expense Coverage Ratio (ECR) now "sits alongside" the Debt Coverage Ratio (DCR) as a core metric for measuring stabilized asset financial health.
While ECR is the sole coverage metric for properties without hard debt, how do you properly evaluate assets with hard must-pay debt service? Can ECR ever fall below DCR?
Join Vinnie Viola to understand the practical application of DCR and ECR under AHIC’s revised guidelines. The training will examine real-world asset scenarios, unpack the interaction between both ratios, and briefly touch on AHIC guidance around risk mitigants and downside analysis.
Note: This session provides an immediate, practical preview of DCR and ECR metric changes ahead of Birch Island’s comprehensive two-part AHIC risk rating webcasts in the first quarter of 2027.
Agenda
DCR & ECR Fundamentals: Core principles and definitions
AHIC Risk Rating Guideline Evolution: From legacy criteria to current standards
Applied Scenarios: Evaluating DCR vs. ECR in portfolios with must-pay hard debt
Key Takeaways and Questions
Who Should Attend
This session is designed for multifamily housing professionals responsible for measuring LIHTC asset performance against underwriting targets and annual operating budgets:
Tax credit asset managers and financial analysts
LIHTC syndicators & institutional Investors
Property management leadership tracking budget compliance and performance
Other real estate professionals seeking a practical training on DCR and ECR risk rating criteria
Please contact Vinnie at vinnie@birchislandrec.com or at 617-905-6340 with any questions. about this new training.
About the Presenter
Vinnie Viola, MPA, is the Principal and Founder of Birch Island Real Estate Consulting, LLC. Founded in 2013, Birch Island provides strategic asset management consulting, technical guidance, and web-based / in-person trainings to owners, developers, operators, and investors of LIHTC-funded multifamily housing. With 30+ years of affordable housing experience, Vinnie has held key leadership positions across for-profit organizations and— including a decade in senior asset management roles at Boston Financial Investment Management and Boston Capital. Vinnie has authored and presented hundreds of webcasts and trainings on multifamily asset management best practices and LIHTC program fundamentals. Learn more about Vinnie’s work and upcoming training sessions at BirchIslandREC.com.