NEW YORK, December 12, 2022—For aspiring real estate professionals, the NYU School of Professional Studies (NYU SPS) Schack Institute of Real Estate is offering a new and distinct Certificate in Affordable Housing within its Continuing Education Department in the Spring 2023 semester. This new certificate serves as a primer for real estate professionals looking to branch into, or deepen their grasp of, the affordable housing market.
“An understanding of affordable housing policy, finance, and development has become a critical skill for real estate professionals in every aspect of today’s market,” said Marc Norman, associate dean of the Schack Institute. “Provision of affordable housing at various tiers is required for most large-scale mixed-use development and contributes to a healthy, equitable, and sustainable city.”
He added, “Financing affordable housing involves public-private partnerships and layered financing. Having a working knowledge of this sector will help set professionals in investment, development, management, and construction up for success in this dynamic marketplace.”
The Certificate in Affordable Housing comprises six courses, of which the following three are foundational and offered starting for the Spring 2023 semester:
- Introduction to Affordable Housing will explain the history, evolution, and policies of affordable housing. Students will gain an understanding of the various federal, state, and local agencies involved; the programs they offer; and how best to assess and access these programs.
- Financing Affordable Housing will focus on structuring an affordable housing transaction utilizing bonds, LIHTC, and additional subsidies.
- Development Process for Affordable Housing will offer practical applications of selecting a site, a program, and cash flow to receive an allocation and complete the project’s financing successfully. It includes information on assembling a necessary team of architects, contractors, and land-use lawyers with prior experience developing affordable housing and knowledge of appropriate government agencies.
For questions about the Certificate, email the NYU SPS Continuing Education department within the Schack Institute of Real Estate at email@example.com.
About the NYU School of Professional Studies Schack Institute of Real Estate
The NYU School of Professional Studies (NYU SPS) Schack Institute of Real Estate was founded in 1967 at the initiative of prominent members of the New York City real estate community, who encouraged NYU to establish an academic center that would provide a world-class education for industry professionals. More than 50 years later, the Schack Institute is at the forefront of real estate education and is recognized globally as one of the world’s leading centers of real estate research and pedagogy. Across the Institute’s graduate degree programs—notably the MS in Real Estate, the MS in Construction Management, and the MS in Real Estate Development—as well as a rapidly expanding undergraduate degree program, enrollment has grown to more than 1,000 full- and part-time students from across the United States and nearly 50 other countries. In addition to its flagship degree programs, thousands of working professionals enroll in the Schack Institute’s executive education, diploma, and career advancement programs each year.
An anchor of real estate academia’s engagement with industry, the Institute is home to the REIT Center, the Center for the Sustainable Built Environment, and the newly established Urban Lab. In addition, the Institute hosts national industry events, including annual conferences on real estate capital markets and the REIT sector. Under the direction of the Schack Institute’s faculty, ongoing applied research at the Institute spans an exceptional range of issues in real estate development and investment, urban economics, and market structure and regulation. sps.nyu.edu/schack
About the NYU School of Professional Studies
For more than 87 years, the NYU School of Professional Studies (NYU SPS) has been a deeply respected institution of higher education grounded in applied learning. From its early years, training returning World War II veterans to fulfill the nation’s urgent need for skilled technical workers, it has evolved into a professional education powerhouse that offers 22 graduate degrees, 13 bachelor’s degrees for traditional and degree completion students, four associate degrees, and a plethora of continuing education courses and credentials.
Home to some of the largest and most prestigious industry conferences in the world, including the NYU SPS Institute on Federal Taxation, the Schack Institute of Real Estate’s Capital Markets Conference, REIT Symposium, and National Symposium of Women in Real Estate; and the Jonathan M. Tisch Center’s International Hospitality Industry Investment Conference, the School’s invaluable connections to industry leaders is a truly distinguishing factor in the education that it provides. Through career development services and resources provided by the NYU Wasserman Center for Career Development at NYU SPS, guest lecturers, site visits, participation in numerous conferences and events, and Global Field Intensives, students benefit from an NYU education that will set them apart. In addition, they have the opportunity to learn from and network with more than 39,000 NYU SPS alumni who live, work, and contribute to innovation in industries around the world. To learn more about NYU SPS, visit sps.nyu.edu.