RDEV688D

This course overviews fundamentals of project level real estate underwriting and its inextricable relationship to the neighborhood context. The construct of "neighborhood" is explored throughout the course as both a social organizing principle and as an economic marketplace. Neighborhoods are considered throughout the historical forces that have shaped them, reaching back to the original formation of ethnic and racial ghettos and moving forward through urban renewal and modern-day gentrification. The changing forms of the real estate projects that have sustained these neighborhoods over time are evaluated . As changes further continued in neighborhoods and altered perceived demands for housing and services, the factors that changed the viability of real estate projects are closely investigated. The course also considers the government and policy landscapes that have helped shape neighborhood form and the real estate types found there. These policies are understood through review of actual case examples.