<p>Lecture, three hours. Exploration of how capital markets—both public and private—can be leveraged to expand housing affordability. Examination of interplay between real estate finance, public policy, and social impact investment. Analysis of the tools, structures, and incentives that shape housing outcomes. Exploration of how private equity capital—ranging from mission-driven impact funds to institutional housing platforms—can be mobilized to expand affordable and workforce housing supply. Analysis of how fund structures, investment strategies, and public-private partnerships can align investor return expectations with long-term housing affordability goals. Study blends financial modeling, case studies, and fund design exercises to help future developers and investors structure feasible, scalable private equity solutions that deliver both market returns and social value. Letter grading.</p>

Real Estate Development

Meyer and Renee Luskin School of Public Affairs

Urban Planning

RE DEV 212 - Capital Market Solutions to Housing Affordability

Capital Market Solutions to Housing Affordability

Assess innovative capital structures (e.g., impact funds, REITs, social bonds) in addressing affordability and design private equity vehicles that align financial and social objectives.

Critically assess how policy, regulation, and investor expectations and the limits of private equity in addressing housing affordability.

Assess emerging models of ESG, impact, and workforce housing funds.

Analyze affordable and workforce housing projects from a fund and investor perspective.

Analyze the role of public subsidies, credit enhancements, and risk-sharing mechanisms.

Understand how private equity funds are structured and capitalized.

General Catalog

Capital Market Solutions to Housing Affordability

RE DEV 212

4 units