Publications Policy Briefs, Data Briefs and White Papers
-
Policy Brief
Distribution of the Burden of New York City’s Property Tax
The analysis from the 2011 State of New York City’s Housing and Neighborhoods report finds that owners of New York City’s large rental apartments are subject to a higher effective property tax rate than owners of one- to three-family homes, and bear a disproportionate share of the city’s overall property tax burden. Condominiums and cooperative apartments also are subject to much lower effective tax rates than rental properties with similar characteristics.
The Furman Center for Real Estate and Urban Policy. May 2012.
-
Data Brief
Subsidized Housing: A Cross-City Comparison
The analysis from the 2011 State of New York City’s Housing and Neighborhoods report compares federally-subsidized housing programs across the nation’s five most populous cities: New York City, Los Angeles, Chicago, Houston, and Philadelphia. New York City has the largest share of subsidized rental housing of the five cities, due mostly to its large stock of public housing. Over five percent of the city’s housing units in 2008 (almost 180,000 units) were in public housing. In addition to subsidies, more than one million units—nearly half of the rental housing stock—are rent stabilized in New York City.
The Furman Center for Real Estate and Urban Policy. May 2012.
-
Data Brief
The State of Mortgage Lending in New York City
The analysis of recent mortgage trends from the 2011 State of New York City’s Housing and Neighborhoods report finds that home purchase loans originated in 2010 increased 11 percent over 2009, interrupting what had been a steady downward trend in annual lending since 2005. Much of the rise is due to a 22 percent increase in the number of homebuyers taking out mortgages in low- and moderate-income neighborhoods. The number of loans issued to white, black, and Hispanic borrowers in New York City all increased in 2010, while lending to Asian borrowers decreased slightly.
The Furman Center for Real Estate and Urban Policy. May 2012.
-
Data Brief
The Changing Racial and Ethnic Makeup of NYC Neighborhoods
This analysis from the 2011 State of New York City’s Housing and Neighborhoods report finds that 28 percent of the city’s census tracts were racially integrated in 2010, up from 22 percent of tracts in 1990. The percentage of neighborhoods that are mixed-minority also rose, from 17 percent of all tracts in 1990 to 24 percent in 2010. Meanwhile, the share of neighborhoods that are majority white declined sharply, from 40 percent of all census tracts in the city to 23 percent.
The Furman Center for Real Estate and Urban Policy. May 2012.
-
Data Brief
Rent Stabilization in New York City
The fact brief presents data and analyzes the characteristics of rent-stabilized units and their tenants in New York City. In 2011, New York City was home to 1,025,214 rent-regulated units, representing nearly half of the city’s total rental housing stock. The analysis is released in advance of the U.S. Supreme Court’s announcement on whether it will hear the case of Harmon v Kimmel, which challenges rent regulation laws in New York City and would have broad implications for the city’s rental market.
The Furman Center for Real Estate and Urban Policy. April 2012.
-
Policy Brief
Searching for the Right Spot: Minimum Parking Requirements and Housing Affordability in New York City
The policy brief examines New York City’s minimum residential parking requirements in communities throughout the city and explores the possible effects on housing affordability and on the city’s sustainability goals. The brief finds that the requirements may be causing developers to supply more off-street parking spaces than they expect tenants and homebuyers to demand, potentially driving up the cost of housing and promoting inefficient car ownership.
Vicki Been, Caitlyn Brazill, Josiah Madar, Simon McDonnell. March 2012.
affordable housing, housing prices, land use, parking, zoning
-
Data Brief
Quarterly Housing Update 2011: 3rd Quarter
In an analysis of third quarter housing indicators, The Furman Center finds that home sales volume remained low in the third quarter of 2011, with the number of properties sold citywide four percent lower than the number sold in the third quarter of 2010. Property values are also lagging in most of the city. Manhattan is the only borough where properties have appreciated in price over the last year. The Quarterly Housing Update is unique among New York City housing reports because it incorporates sales data, residential development indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality.
The Furman Center for Real Estate and Urban Policy. November 2011.
affordable housing, housing prices, mortgage foreclosures, neighborhoods
-
White Papers
A Canary in the Mortgage Market? Why the Recent FHA and GSE Loan Limit Reductions Deserve Attention
Explores the potential implications of recent reductions in the maximum loan size that can be guaranteed by Fannie Mae and Freddie Mac (Government-Sponsored Enterprises or GSEs), or insured by the Federal Housing Administration (FHA) in many parts of the country. The changes, which went into effect on Oct. 1, 2011, represent the first step in a long-term policy goal to reduce the federal government’s current role in the mortgage system. They will also be a significant test of the private mortgage finance system.
Josiah Madar and Mark Willis. October 2011.
-
White Papers
State of New York City’s Subsidized Housing: 2011
To reduce the financial burden that low- and moderate-income families in New York City face, city, state and federal agencies have employed numerous subsidy programs to encourage private developers to own and manage affordable housing developments. With the cooperation of government housing agencies, the Furman Center created the Subsidized Housing Information Project (SHIP)—an online searchable database containing information on the nearly 235,000 units of privately-owned, subsidized affordable rental housing in New York City developed with major subsidy programs. This report is the first comprehensive analysis of properties in our SHIP database, and identifies opportunities to preserve affordable housing in the coming years.
Jaclene Begley, Caitlyn Brazill, Vincent Reina, Max Weselcouch. September 2011.
-
White Papers
Navigating Uncertain Waters: Mortgage Lending in the Wake of the Great Recession
This report summarizes our February 4, 2011 Roundtable of the same name, and provides an in-depth exploration of credit availability and lending patterns during the recession.
The Furman Center for Real Estate and Urban Policy. August 2011.
homeownership, housing finance, housing prices, mortgage foreclosures, mortgages
- Page 1 of 4 pages 1 2 3 > Last »
