The purpose of this course is to enable students to understand the role finance plays in community development. This means understanding the “big picture” and the more detailed mechanics of real estate financial markets, including the roles of developers, investors, lenders, tenants, owners, and the public sector. We will learn financial analysis, how to create and analyze a pro forma, about the development process, but within a framework that addresses broader issues promoting sustainable and inclusive development. We will address these issues from both a financial and social perspective, including addressing issues of affordability, equity, and sustainability. We learn to appropriately utilize government and third-sector programs in real estate finance projects. To do this, it is important to understand the theory of public and nonprofit real estate finance programs and policies.