What you will learn
- Identify the key features of socially responsible real estate development
- Articulate the key elements of the practice of EIA and SIA
- Use the results of SIA and EIA to analyze large-scale real estate development projects
- Define a personal theory of socially responsible real estate development and a strategy for implementing it
- Understand how SIA and EIA can create value for all stakeholders in any kind of development situation
How can you determine if a proposed real estate project is socially responsible? Or determine whether the developer used the tools of social impact assessment (SIA), environmental impact assessment (EIA), and public consultation correctly?
If you are a real estate developer, do you know how to use SIA and EIA to win community and regulatory support for your project? Do you see public engagement requirements as nothing more than bothersome costs? Or, do you understand how to use SIA, EIA and public consultation to create value for you and the surrounding community?
This 2-course program will teach you how to evaluate a proposed development project and practice socially responsible real estate development by applying SIA, EIA, and consultation methods effectively. It is also designed to help learners build their own personal theory of what constitutes socially responsible real estate development.
Taught by Professor Larry Susskind, Ford Professor of Urban and Environmental Planning in the Department of Urban Studies and Planning, who brings more than forty-five years of MIT teaching experience and international consulting to the design and presentation of this course. Using an applied case study, the program offers real estate developers, city staff, urban planners and community activists a chance to see how SIA, EIA, and stakeholder engagement are the keys to creating socially-responsible real estate development throughout the world.
Courses in this program
MITx_PRO's Socially Responsible Real Estate Development Professional Certificate
- Started Aug 27, 20183–4 hours per week, for 4 weeksLearn how to use Social and Environmental Impact Assessments to evaluate how new projects will affect local communities. Explore sample use cases to see first-hand how to navigate decision making in real estate development.
- Started Aug 27, 20183–4 hours per week, for 4 weeksCommunicate more effectively with community groups through the planning and building phases of socially responsible real estate development. Learn how to meet various stakeholder interests while working toward positive outcomes for the local community.
- Employment growth for real estate development managers is set to grow 10-12% from 2016-2026. Faster than average. (Source: Bureau of Labor and Statistics )
- National average for a Real Estate Development Manager salary is $97,000 (Source: Payscale)
- In 2050, more than 70% of the world’s population (projected to exceed 9 billion) will live in urban areas. (Source; The Guardian)
- Global demand for natural resources continues to rise in step with population growth leading to unique challenges for real estate developers. (Source; The Guardian)
- The demand for smart cities, innovation districts, and sustainable, green housing are pushing the real estate market in an upward trend. (Source: REALTOR Magazine)
Meet your instructor
Experts from MITx_PRO committed to teaching online learning
Unfortunately, learners from one or more of the following countries or regions will not be able to register for this course: Iran, Cuba and the Crimea region of Ukraine. While edX has sought licenses from the U.S. Office of Foreign Assets Control (OFAC) to offer our courses to learners in these countries and regions, the licenses we have received are not broad enough to allow us to offer this course in all locations. EdX truly regrets that U.S. sanctions prevent us from offering all of our courses to everyone, no matter where they live.