A NOTE ABOUT THIS YEAR’S SOCIAL IMPACT REAL ESTATE COURSE:
This fall we are offering two mini-courses in place of a full-semester course, but anticipate that this will transition back to a full semester course in fall 2015. The broad-based theme connecting both courses remains Social Impact Real Estate Investment with a focus on cities and the demands of urbanization. Term A focuses on the policy approach of public-private partnerships, charter schools, and urban sustainability, and Term B, on affordable housing. For students who plan to take Term B, the prerequisite is either Term A or B8331: Real Estate Finance.
This Term A course is about social impact investment policy and finance with a focus on city development and growth. All around the globe, populations are urbanizing. Historically, urbanization has been a channel for human economic improvement, and the current global trend of people moving to cities adheres to the same motivation, albeit on a larger scale. In the United States, cities have been growing because they have become the place of choice for many different generational cohorts (and in the case of many cities, reversing the post-WWII trend of declining populations) as well as being a traditional immigration destination. To accommodate growth, cities must plan for greater density and do so in a more sustainable fashion, and they must accommodate the demand for affordable housing. (The latter is the focus of Term B.)