International Housing Finance

Real Estate Development

Spring 2013

Jesse Keenan, instructor

This course examined contemporary housing production and finance systems in developed and developing economies on six continents. From capital markets to localized construction technology, the course examined a number of facets which collectively determine the cost and supply of shelter. From a comparative perspective, property rights systems, securities regulation and public policy interventions were deconstructed with a normative proposition for developing a global set of best practices. Students evaluated country specific finance systems from the point of origination to the point of maturation in the hands of the global investor. Secondary course topics included alternative tenure, multifamily low income housing development and microfinance. The underlying hypothesis of the course was that the U.S. has fallen behind in terms of innovative solutions for the financing and production of housing across all demographic spectrums; and, as such, the future of U.S. policy should be grounded in a set of universal principles which promote equity and sustainability—financial sustainability.