Spring 2021  |  PA 5290 Section 001: Topics in Planning -- Financing Affordable Multi-Family Rental Hsg in US (65628)

Class Component:
1.5 Credits
Repeat Credit Limit:
12 Credits
Grading Basis:
Student Option No Audit
Instructor Consent:
No Special Consent Required
Instruction Mode:
Completely Online
Class Attributes:
Topics Course
Enrollment Requirements:
Graduate Student
Times and Locations:
Second Half of Term
03/09/2021 - 05/03/2021
Fri 01:00PM - 03:45PM
Off Campus
Enrollment Status:
Open (15 of 30 seats filled)
Also Offered:
Course Catalog Description:
Selected topics.
Class Notes:
Class will be offered REMOTELY. Class will meet synchronously-online during Spring 2021 during the scheduled time. http://classinfo.umn.edu/?+PA5290+Spring2021
Class Description:
Financing affordable multifamily housing in the United States is a complicated endeavor that requires more than just a command of financial principles and analysis but also an appreciation for the nuances and fluidity of policy, public-private-partnership and public discourse. This course will demystify the financial drivers and consequences in our affordable housing delivery system.

This course will simultaneously build participants' confidence in basic financial modeling of affordable housing using common capital structures, while also exploring the relationship of finance with policy and regulation, real estate and urban planning objectives, design, and program limitations.

While the course will focus on current US programs, some historical context and occasional discussion of non-US examples will allow participants to understand the evolution of finance and policy in the US and to form a broader view on, and opinion of, our system.

Subject matter of the course will include, but not be limited to: definitions of affordability and target populations; rationale for intervention by government; subsidy and tax incentive programs at Federal, State and Local levels; role and motivations of various actors (government, quasi-governmental, non-profit, for-profit and philanthropic); the power and place of capital subsidies vs. operating subsidies; efficacy of financial tools for social engineering and outcomes.
Class Format:
This course will include a variety of teaching methods to introduce and reinforce concepts and to appeal to different learning styles. These methods will include lectures, guest speakers / panels, class discussion, financial modeling exercises, short essay and opinion papers and an optional site visit.
Past Syllabi:
http://classinfo.umn.edu/syllabi/schm0023_PA5290_Spring2019.pdf (Spring 2019)
http://classinfo.umn.edu/syllabi/schm0023_PA5290_Spring2016.docx (Spring 2016)
Instructor Supplied Information Last Updated:
4 November 2015

ClassInfo Links - Spring 2021 Public Affairs Classes Taught by Deidre Schmidt

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