Community Real Estate Development: A History and How-To for Practitioners, Academics, and Students
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Community Real Estate Development: A History and How-To for Practitioners, Academics, and Students introduces the fundamentals of affordable housing to aspiring development professionals. From understanding the history informing today’s affordable housing programs to securing financing and partnering with public and private stakeholders, this primer equips students and emerging professionals for success in a unique area of the real estate industry. Topical chapters written by nationally recognized leaders in community real estate development (CRED) take a didactic approach, using real-life examples and case studies to provide context for reflection. Drawing on the authors’ experience as private sector developers, state and municipal housing officials, and not-for-profit executives, this versatile resource offers an insider’s perspective on creating and maintaining affordable housing in any real estate market. Features Covers topics including community design, development policy, tax credits, land use planning, development rights, historic buildings, adaptive reuse, tax increment financing, and gentrification Presents interviews with development professionals in asset and property management, commercial real estate brokerage, and local housing authorities and government agencies Highlights winning case studies from a student competition to inspire similar classroom activities Includes a glossary of CRED-specific terminology to help readers master the language of affordable housing Contains diverse examples, planning tools, and "programs to make numbers work," with a companion website available Blending the latest academic research with hard-won insights from the field, Community Real Estate Development prepares the next generation of affordable housing professionals to continue the work of its pioneering authors and editors. Cover Half Title Title Page Copyright Page Table of Contents CRED Contributors List Foreword List of Contributors The Background of CRED 1 Introduction to Community Real Estate Development 2 Community Development Policy and Community Real Estate Development 3 Programs to Make the Numbers Work and Their Impacts: Low-Income Housing Tax Credits, New Market Tax Credits, and Opportunity Zones 4 Transfer of Development Rights and Community Development 5 Historic Building Reuse as a Form of Community Real Estate Development 6 Community Design and the Real Estate Development Process 7 Community Redevelopment, Tax Increment Financing and CRED 8 Balancing the Gentrification Elephant in the Room, or Slaying a Monster? Notes Towards a Post-American Urban Future Interviews from the Field 9 How CRED Financing Differs from Market Rate? 10 Real Estate and CRED: A Broker’s Perspective 11 The Role of the Housing Authority 12 Mosiac Development in Action 13 Using Incentives for Affordable Housing Conclusion 14 What Is the Future for CRED, and How You Can Utilize CRED-Oriented Ideas to Achieve Community-Focused Developments Overview of 2018 and 2019 Team Winners: Introduction to Examples of Class Winners Mixed-Use E-Sport Arena Development Winner 2019: Orange Center Boulevard Redevelopment Appendix: Glossary of Key CRED Terms Index
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