Affordable Housing Finance: Policy and A

Affordable Housing Finance is an introduction to the public policy concepts and technical skills necessary for development of both rental and owned housing for individuals and families earning less than 80% of the area median income (AMI). This immensely challenging field requires familiarity with the capital markets, knowledge of zoning, general real estate transactional concepts, contract and tax law and architecture, just to name a few trades. Affordable housing is often developed with public sector support (PPP’s) and with non-profit community development corporations (CDCs) and other development organizations with a mission to create affordable housing. The course will introduce the application of new digital tools to the assessment of investment opportunities and risks in these markets. Instruction in the use of these tools will be provided. Students should have a working knowledge of excel, real estate finance and securitization concepts.