The NYU School of Professional Studies (NYU SPS) Schack Institute of Real Estate is offering a new Certificate in Affordable Housing within its Continuing Education Department in the spring 2023 semester. This certificate serves as a primer for real estate professionals looking to branch into, or deepen their grasp of, the affordable housing market.

The Certificate in Affordable Housing comprises six courses, of which the following three are 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; 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.