Better Buildings, Better Blocks is a training course designed to teach the nuts and bolts of small-scale real estate development. Open to any resident of Detroit, Hamtramck, or Highland Park over 18 years of age, this course walks participants through the basics of identification, acquisition, financing, leasing, and project management for neighborhood-based residential and commercial development projects. Participants will learn through six in-class sessions taught by expert instructors; fifteen online video lectures; an accessible coursepack; and weekly office hours sessions. Each class session will also be dedicated to connecting participants to “resource partners,” an intentionally cultivated network of businesses and organizations necessary to completing development projects.
Better Buildings, Better Blocks (access application here)
The application for our Winter 2020 cohort is now open and can be accessed here. Classes will be held on the following dates:
All classes are held at the following location:
University of Michigan Detroit Center
3663 Woodward Avenue
Detroit, Michigan 48201
Cost: $100.00 (for unaffiliated individuals) and $200 (for participants who are sponsored by an organization)
Our curriculum requires participants not only to attend each class session as well as complete all assigned readings and online videos but also requires the completion of a course term project, analyzing qualitative and quantitative reasons for purchasing a residential or mixed-use property. An example of the expected final term project can be found here.
Session topics include:
The pros and cons of leverage
Understanding market value
Profit by creating value
Tax free exchanges
Developing a pro forma
To participate in the program, each participant must:
Be a resident of Detroit, Hamtramck, or Highland Park (no exceptions)
Be able to attend all class sessions
Have consistent access to a computer and the Internet
Be comfortable using Microsoft Excel and PowerPoint
Be interested in community-based, real estate development
Sign up for our newsletter at the bottom of the page and follow Building Community Value on Facebook and Twitter to stay up-to-date about our current and future program offerings. To apply for our current cohort, click here. All applications must be received by December 6, 2019 at 11:59 pm EST.