Housing, Real Estate, and Community Development


FACULTY: Emil Malizia Mai Nguyen Roberto Quercia William Rohe RELATED LINKS: Center for Sustainable Community Design Center for Community Capitalism Center for Urban and Regional Studies Kenan-Flagler Business School School of Social Work 8.28.07		The decentralization of population, housing, and economic activity, which has provided flexibility to accommodate economic growth and social mobility, has channeled private and public investments away from established cities and towns. As a result, the diversity of cities and the sense of community in neighborhoods and smaller places has given way to greater segregation, separation, and alienation. Housing, Real Estate, and Community Development seeks ways to increase individual empowerment, economic opportunity, social integration, wealth building, and home ownership through community revitalization in central cities, older suburbs, small towns, and rural areas. The program emphasizes affordable housing development, neighborhood and downtown revitalization, and commercial redevelopment. Special attention is devoted to the unique assets and liabilities of low wealth inner-city communities. Course of Study Housing, Real Estate, and Community Development covers the development of subsidized and market rate residential and commercial properties and the revitalization of urban neighborhoods. It considers these activities from the perspectives of both the public and private sectors. The focus area is divided into separate but complementary areas of specialization in Housing and Community Development and Real Estate Development. The Housing and Community Development specialization trains professionals who will work for public, non-profit, and private organizations to increase the supply of affordable housing and revitalize urban neighborhoods. The Real Estate Development specialization trains practitioners in investment analysis, site planning, real estate economics, capital markets, market research, and financial feasibility analysis. The required workshop for real estate development is Real Estate Market and Feasibility Analysis (PLAN 823 (1). The department regularly offers a course in historic preservation (Plan 757). This field has evolved from preservation of specific landmarks to a more significant and broad-based movement to revitalize downtowns, preserve neighborhoods, provide affordable housing, and save rural landscapes. This course is most often taken as an elective by students in Housing, Real Estate, and Community Development. Other recommended planning electives include Development Dispute Resolution (PLAN 725) and courses are in the Business School, such as Managing Not-for-Profit Organizations, and in the School of Social Work, especially Community Organizing and Sustainable Development, and Citizen Participation.

The decentralization of population, housing, and economic activity, which has provided flexibility to accommodate
economic growth and social mobility, has channeled private and public investments away from established cities
and towns. As a result, the diversity of cities and the sense of community in neighborhoods and smaller places
has given way to greater segregation, separation, and alienation. Housing, Real Estate, and Community
Development seeks ways to increase individual empowerment, economic opportunity, social integration, wealth
building, and home ownership through community revitalization in central cities, older suburbs, small towns,
and rural areas. The program emphasizes affordable housing development, neighborhood and downtown
revitalization, and commercial redevelopment. Special attention is devoted to the unique assets and liabilities
of low wealth inner-city communities.

Course of Study
Housing, Real Estate, and Community Development covers the development of subsidized and market rate
residential and commercial properties and the revitalization of urban neighborhoods. It considers these activities
from the perspectives of both the public and private sectors. The focus area is divided into separate but
complementary areas of specialization in Housing and Community Development and Real Estate Development.
The Housing and Community Development specialization trains professionals who will work for public, non-profit,
and private organizations to increase the supply of affordable housing and revitalize urban neighborhoods.
The Real Estate Development specialization trains practitioners in investment analysis, site planning, real estate
economics, capital markets, market research, and financial feasibility analysis.

The required workshop for real estate development is Real Estate Market and Feasibility Analysis (PLAN 823 (1).
The department regularly offers a course in historic preservation (Plan 757). This field has evolved from preservation
of specific landmarks to a more significant and broad-based movement to revitalize downtowns, preserve
neighborhoods, provide affordable housing, and save rural landscapes. This course is most often taken as an
elective by students in Housing, Real Estate, and Community Development.

Other recommended planning electives include Development Dispute Resolution (PLAN 725) and courses are in
the Business School, such as Managing Not-for-Profit Organizations, and in the School of Social Work, especially
Community Organizing and Sustainable Development, and Citizen Participation.