Competition Rules

Rules

Corcoran Case Competition

Official Rules

As Amended Jan 1, 2021. Competition rules are subject to change. 

The goal of the Corcoran Case Competition is to provide a learning environment for participants and allow for students to increase their understanding of affordable housing development. While a competition, the Corcoran Case Competition is intended to be a collegial event, and students should comport themselves with honesty and integrity. Students are subject to Boston College’s policies on academic integrity and code of sudent conduct throughout the Competition. Students who are not enrolled at Boston College will be held to the standards of all relevent Boston College conduct and acadmeic honesty policies, as well as policies of their home institutions. When in doubt, students should seek guidance from Competition Officials by contacting corcoran.center@bc.edu

Teams

The competition is open to students currently enrolled as full time undergraduates during Spring 2021. A team can have no more than 5 members and no less than three members. Each team must identify a Captain who will be the primary point of contact during the competition. Students are encouraged to form teams that represent different academic disciplines as the case will require a diverse skill set.

Registration

Teams must complete the registration process by the deadline posted on the case competition home . Each team should only complete the registration one time, with the Team Captain registering all members. Teams must choose a name during registration. This name should be appropriate and professional as it will be used publicly throughout the competition. The online registration form is available at bc.edu/realestate. Completing the form should result in an email confirming your form submission. You must contact corcoran.center@bc.edu if you do not receive an email with a copy of your submission. There is no fee to register. LATE REGISTRATIONS WILL NOT BE ACCEPTED.

Communication

  1. All communication must be between Team Captains and competition officials by email at corcoran.center@bc.edu.  All case-related communications from the Corcoran Center and access to Canvas will be sent to team captains only, who are responsible for informing their team members.
  2. Teams may not communicate with any external persons or organizations during the case competition period unless explicitly instructed to do so in writing by the case materials or the case officials (e.g., finalists will be arranged to meet with an expert consultant by case officials). All work should be original to your team. Consulting with parents, BC faculty or administrators, or any other persons who are not a member of your team is prohibited and will result in disqualification. Teams may conduct supplementary primary or secondary source research (e.g. library books, journals, Internet sites), but should be sure to cite any outside research as necessary using a consistent, recognized citation format (E.g. MLA, Chicago). Remember all relevant BC policies on academic honestly and plagiarism apply. 
  3. Questions before the case is released - all questions should be sent to corcoran.center@bc.edu and a case official will respond as soon as possible. 
  4. Questions after the case is released - Once the case is released Case Officials will exercise their discretion and only answer questions related to the content of the case that are deemed necessary for all teams to better understand the case, or that arise as a result of an error, omission, or necessary point of clarification. The answers to these questions will be posted publicly on the Canvas site on the Discussions page. Team captains should check this section regularly during the competition period

Format

  1. Workshops

In order to create a competitive environment and to facilitate student learning about affordable housing the the Low Income Housing Tax Credit all teams must participate in two workshops in advance of the case competition itself. All team members without scheduling conflicts should attend each workshop, attendance will be taken at both workshops. A minimum of one member must attend per team, or teams will not be permitted to compete in the competition. If, due to legitimate scheduling conflicts a team cannot send at least one member to a workshop they must contact corcoran.center@bc.edu with details of the conflict at least one week in advance of each workshop. Workshops will be held online via Zoom or similar technology. Teams that do not have at least one member in attendence are subject to disqualificartion from the competition.

  1. Documents and Materials

A Canvas page has been created for the Case Competition, and will be the official document and video repository, as well as the official means to submit materials related to the competition. Only team captains will have access to the Canvas page. Team Captains must submit case-related documents and materials on behalf of their team.

Meeting deadlines is a crucial element of this competition. Submissions should be uploaded to Canvas well before deadlines. Late Submissions will not be accepted under any circumstances. Emailed submissions will not be accepted. There will be absolutely no exceptions to this policy.

Statement on Technical Difficulties: It is each team’s responsibility to ensure that their submissions are uploaded to Canvas by the assigned deadline. Teams should ensure their submission is completed well in advance of the deadline to leave time to troubleshoot technical issues that may arise in the submission.

IMPORTANT: Technical difficulties will under no circumstances allow for late submission of any materials related to this case competition. Furthermore, emailed submissions will not be accepted in lieu of uploads to Canvas.

Any emailed submissions will not be accepted, only submissions via the Canvas site. Should you experience technical difficulties it is your responsibility to obtain support from BC IT or your home institution's IT well in advance of the deadline. The Corcoran Center for Real Estate and Urban Action does not provide IT support.

  1. Competition Period

The case competition will present students with information on a development site that will use Low Income Tax Credits and other measures to create quality affordable housing that will benefit residents and the surrounding community. Teams must generate a solution to the case that allows the development to be as financially sustainable as possible while creating as much quality housing and community benefits as possible. Students will receive a case packet containing all relevant details and specific questions they must address in their solution to the case. Submissions will be judged by a panel comprised of industry experts. All Judging decisions are final.

Case materials will be distributed to teams through Canvas at the conclusion of workshop #2. Judges will review all submissions and teams will be notified via Canvas whether they are finalists. Teams will be selected as finalists.

Finalists teams will be scheduled for individual  consultations with industry expert consultants, via video conference. Consultation schedule timing will be on a first-come, first-served basis. Consultants will help teams fine tune their written and oral proposals. Consultants are independent of the judging process, and will not serve as judges or communication with the judges during the competition.  

Finalist teams will submit a revised version of their written case solution. Additionally, finalist teams will present at 15 minute oral presentation to the judges, followed by 15 minutes of questions, via Zoom or similar technology. Teams should use digital visual aids (powerpoint etc.) during oral presentations - teams will be allowed to screen share and are responsible for presenting their own visual aids. Although teams present their own visual aids, all visual aids must be submitted by the deadline via Canvas, as revisions are not allowed after the deadline. The visual aids presented and submitted via canvas must be the same or teams will be subject to disqualification. 

Team presentation order will be randomly drawn from a hat. Presentations will be open to the public and posted on the Corcoran Center website after the competition.

After all teams have presented the judges will deliberate, review final written submissions, and announce the winning team, and the order of runners up for second and third place. Judging criteria will include, but not be limited to the criteria outlined below. After the presentations are complete the judges will deliberate, and a reception will follow, at which the winning team will be announced.

Criteria for Judging

The judges will select three finalists that it deems as having best satisfied the combination of criteria that will be outlined in the competition challenge packet.

The Judges will also rely on their knowledge and experience based on their expertise. The Corcoran Center  strives to conduct a thorough, fair, and rigorous process, yet teams need to consider the realistic constraints on and limitations of the judges. As a general rule, teams should make their presentations as clear and easy to understand as possible given the large number of submissions and the limited time the jury has to review them. Just as in the real world in which professionals have a finite window in which to present themselves, your team should strive to make a meaningful first impression by packaging your solution in a compelling and succinct fashion that opens up the opportunity for additional analysis of the proposal.

The decision of the judges is binding and final, there are no appeals.

Presentation Requirements

All teams must develop an in-person presentation that will accompany their written solution to the case. Finalist teams will give their presentation to the judges. Effective presentation of your solution is crucial for success: your submission may have great content, but if your proposal is not clear, it will not compete well. The presentation requirements are developed for the benefit of the competitors as well as the jurors.

Prize

The prize for the winning team is $5000. The second place team will receive $2500, and the third place team will receive $1500.

The prizes will be split equally between all registered team participants, regardless of contribution or attendance at workshops or presentations.

The prize will be paid as soon as possible after the conclusion of the competition according to all applicable Boston College policies. You should consult a qualified tax professional regarding any tax implications of the prize.

Any discrepancies, questions, or other matters not covered by this document will be decided by the Corcoran Center for Real Estate and Urban Action whose decision is final. The competition rules are subject to change at any time. By participating in this competition you agree to these conditions.