Community Development Finance. (3-0) 3 Credit Hours

Catalog description

Prerequisite: Graduate standing or consent of instructor. Provides a general understanding of economic development and real estate finance. Students learn about a developer’s pro forma income and expense statement, calculating debt service and the return on investment, discounted cash flow analysis, underwriting practices, deal structuring, and financing project gaps. Programs such as CDBG, new market tax credits, the low-income housing tax credit program, and historic rehabilitation tax credits are introduced. Real world case studies are explored throughout the course to understand how federal, state, and local government funding sources can be used with private sector resources to finance community-based projects. This course has Differential Tuition.