Fundamentals of Affordable Housing Finance


October 29, 2019
9:00am - 1:00pm


1 Beacon St. 4th Floor
Boston, MA 02108


Ed Marchant

Registration for this event is closed. Please contact Fehintola Abioye ( with any questions.

This training will focus on affordable housing finance fundamentals and has been designed for affordable housing development process participants with limited or no direct experience in securing and structuring subsidy, debt and/or equity financing for affordable or mixed-income rental and/or ownership housing developments. As such, the targeted audience includes staff who do not work directly in finance but would like to have a better general understanding of finance fundamentals along with board members, housing advocates, and/or public sector actors for whom a better understanding of affordable housing finance would be useful.

The initial discussion will focus on defining the affordable housing funding gap. Participants will be asked to prepare an exercise in advance of the training. To facilitate the discussion and learning experience, it will be important for each participant to complete this exercise to the best of his/her ability. This assignment will be distributed at least 10-days in advance of the training. 

Once the “funding gap” is defined, the discussion will focus on seven basic categories of funding 

(Development Cost, Tax Credit, Financing, Operating, Rental Assistance, Entitlement, and Project-generated Cross Subsidies) that are often used (and combined) to plug the funding gap.

Interactive discussion and questions will be encouraged throughout the training. There are no financing prerequisites. The actual “arithmetic” that will be reviewed during this training is relatively simple. 

Instructor Background

Instructor Edward Marchant has been actively involved in the affordable housing industry with experience working at a non-profit company (Greater Boston Community Development, Inc., now known as The Community Builders, Inc.); a for profit company (John M. Corcoran & Co); and as an independent real estate advisor with significant experience advising both developers and municipalities on Chapter 40B Comprehensive Permit mixed-income developments.  Mr. Marchant has been an active real estate educator since 1980 at Harvard University where he now teaches a course at the Harvard Graduate School of Design (GSD) on the development, financing and management of affordable housing. Mr. Marchant also teaches in several GSD Executive Education programs focused on real estate finance and development fundamentals.  A graduate of Cornell University and Harvard Business School, Mr. Marchant serves as an active member of the Board of Directors at The Community Builders, Inc. (TCB).

Registration deadline: 

Tuesday, October 22, 2019

Registration fee: 

$100 Regular, $50 MACDC Member, $25 Student/Americorps/Intern

Type of event: 

MKI Training

Learning area: 

Real Estate Development