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Each team's goal is to create a proposal that
is specific enough — as to the proposed development's
economic, physical, and political feasibility — to convince
a financial institution to make a predevelopment loan. Teams
should consider both the housing and other needs of the community,
as well as any particular strengths their development organization
brings to the table.
Don't Go it Alone!
The faculty
advisors, development organizations, and mentors are valuable
resources, and students shouldn't hesitate to benefit from
their expertise. Teams can also contact the student
coordinating committee, the Federal
Home Loan Bank of Boston, CHAPA,
or the Greater
Boston Chamber of Commerce as questions arise.
In addition, students should be sure to take advantage of
an affordable-housing design and development workshops, which
will be offered by the student coordinating committee. See the timeline
for details.
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