NMP 608 — Creating and Preserving Housing
Nonprofit Management and Philanthropy
This course will examine the processes used to create new workforce and affordable housing units and on the processes used by communities to preserve existing affordable units. This course will focus on how housing gets done. A key emphasis of the course will be on the economics of development and preservation, including foreclosure prevention and community stabilization. The learner will develop an understanding of the types of subsidies required to create or preserve affordable units, and how these subsidies integrate with the overall development budget and financing process. The learner will also develop an understanding of the role of each player in the development process and how each of these players and processes must be managed and controlled. Emphasis will be on understanding the roles from the prospective of the non-profit organization. Additionally, the learner will be introduced to the current techniques for preserving existing affordable units (such as community land-trusts and equity sharing) and for assisting families in obtaining housing using market mechanisms.