Publications Tagged ‘housing’
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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.
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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.
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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.
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Working Paper
Performance of HAMP Versus Non-HAMP Loan Modifications – Evidence from New York City
We use a unique dataset that combines data on loan, borrower, property, and neighborhood characteristics of modified mortgages on properties in New York City to examine the determinates of successful modifications. From November 2007 through March 2011, over 2.1 million mortgages were modified in the United States, and policymakers have heralded such modifications as a key to addressing the ongoing foreclosure crisis. This dataset includes both HAMP modifications and proprietary modifications. The analysis builds upon a prior paper in which the determinants of loan modifications were examined.
Ioan Voicu, Vicki Been, Mary Weselcouch, Andrew Tschirart . October 2011.
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White Papers
Overview of Affirmative Marketing and Implications for the Westchester Fair Housing Settlement
This report summarizes a Feb. 14, 2011 Institute for Affordable Housing Policy roundtable on affirmative marketing of affordable housing in Westchester County. The Furman Center received grant funding to provide independent research and expert assistance on implementation of a federal housing settlement. Under the terms of the settlement, Westchester must develop at least 750 affordable housing units in municipalities with overwhelmingly white populations, and must affirmatively market this housing in geographic areas with significant non-white populations. The roundtable and this review explores strategies to identify and reach potential residents, with an aim of providing insight for Westchester County in the implementation of its obligations under the settlement, as well as to provide guidance to other municipalities that share the obligation to affirmatively further fair housing.
John Infranca. April 2011.
affordable housing, fair housing, housing, neighborhoods, race, segregation
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Policy Brief
Kids and Foreclosures: New York City
While researchers have noted the deleterious effects of foreclosure on surrounding properties and neighborhoods, little is known about the effects of foreclosure on children. This report by researchers at New York University’s Institute for Education and Social Policy (IESP) and Furman Center for Real Estate and Urban Policy begins to address the issue by estimating the number of students in New York City affected by the current foreclosure crisis.
Vicki Been, Ingrid Gould Ellen, Amy Ellen Schwartz, Leanna Stiefel, Meryle Weinstein. October 2010.
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