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Research & Policy
Furman Center Launches Subsidized Housing Information Project
Sept. 8, 2011: The Furman Center released the Subsidized Housing Information Project (SHIP), a database containing financial and physical information on nearly 235,000 units of privately-owned, subsidized rental housing in New York City developed with major government programs. The data is accessible through a user-friendly, interactive data search tool available here. The Furman Center’s Institute for Affordable Housing Policy simultaneously released the State of New York City’s Subsidized Housing report, which provides a comprehensive analysis of the properties in the SHIP database, and identifies opportunities to preserve affordable housing in the coming years. Additionally, the Institute released an online Directory of New York City Affordable Housing Programs, a reference tool explaining nearly 200 unique housing programs that have been employed in New York City. View the press release. Read more »
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Research & Policy
Furman Center Releases New York City Quarterly Housing Report
August 18, 2011: In an analysis of second quarter housing indicators, the Furman Center finds that home sales volume declined 20 percent from the first to the second quarter of 2011, although home prices citywide held steady. The report also finds that new construction is slowly starting to return. The Quarterly Housing Update is unique among New York City housing reports because it incorporates sales data, new construction indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality. View the press release. Read more »
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Research & Policy
Furman Center Releases New Report on Mortgage Lending to Vulnerable Communities
August 10, 2011: New research released by the Furman Center finds that across the U.S., the number of home purchase mortgages issued to low- and moderate-income borrowers jumped by 26 percent in 2009, even as overall home purchase lending declined. The new data brief, Mortgage Lending to Vulnerable Communities: A Closer Look at HMDA 2009, finds that lending to low- and moderate-income homebuyers increased nationwide in 2009, despite a reduction in the number of home purchase mortgages issued to higher income borrowers. Lending in low- and moderate-income neighborhoods, on the other hand, did not see a similar increase. View the press release. Read more »
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News & Events
Claudia Sharygin Participates in Discussion at Western Economic Association International Conference
July, 2011: Research Fellow Claudia Ayanna Sharygin joined the discussion of the paper “Who Receives a Mortgage Modification? Race and Income Differentials in Loan Workouts” at the Western Economic Association International Annual Conference in San Diego, Calif. The discussion explored the factors that determine whether a borrower loses a home to foreclosure, and the outcomes of mortgage modification. Read more »
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News & Events
Vicki Been and Ingrid Gould Ellen Guest Edit HUD’s Research Journal
July 2011: Furman Center faculty directors Vicki Been and Ingrid Gould Ellen guest edited a volume of the U.S. Department of Housing and Urban Development’s policy development and research journal, Cityscape. The issue focuses on the importance of rental housing for the stability of the housing market, and brings together seven innovative proposals from leading housing experts calling for changes in government policies to benefit renters and their communities. Read more »
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News & Events
Mark Willis Speaks at Standard & Poor’s Housing Summit
June 9, 2011: Furman Center Resident Research Fellow Mark Willis joined the panel “Financing Affordable Housing: Options in Challenging Market Times” to discuss how housing finance reform may affect state and local housing finance agencies and the markets they serve, particularly underserved communities of first-time, low- and moderate-income, and minority homebuyers. The panel was part of Standard & Poor’s Housing Summit 2011: Boom, Bust, and Beyond. Read more »
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News & Events
Furman Center Researchers Present at American Real Estate and Urban Economics Mid-Year Meetings
June 2, 2011: Furman Center researchers presented findings at the American Real Estate and Urban Economics Mid-Year Meetings in Washington, DC on what happens to seriously delinquent borrowers and their homes. The study looked at borrower characteristics, loan type and terms, and property and neighborhood characteristics. View the presentation. Read more »
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News & Events
Ingrid Gould Ellen Speaks at Whitney Museum Event on Foreclosure
May 31, 2011: Furman Center faculty co-director Ingrid Gould Ellen discussed the connections between the subprime mortgage crisis in the United States and the psychic and social experience of home loss. The event was part of the exhibition Foreclosed: Between Crisis and Possibility, and began with a screening of Kamal Aljafari’s film Port of Memory. Read more »
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News & Events
Mark Willis Speaks at Microfinance USA Conference
May 24, 2011: Furman Center Resident Research Fellow Mark Willis joined a panel of experts to speak at the Microfinance USA Conference 2011 on modernization of the Community Reinvestment Act (CRA). The Community Reinvestment Act connects private and public institutions to meet the credit needs of under-served communities, and several bills are pending before the U.S. House of Representatives which would amend the law. Mark and other experts on the panel presented the key changes proposed by the bills and discussed why the law needs to be modernized, particularly in light of the subprime financial crisis. Read more »
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Research & Policy
Furman Center Releases New York City Quarterly Housing Report
May 19, 2011: A new Furman Center analysis of first quarter housing indicators finds that housing prices declined between the last quarter of 2010 and the first quarter of 2011 in every borough except Queens, where prices remained essentially flat. The Quarterly Housing Update is unique among New York City housing reports because it incorporates sales data, new construction indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality. View the press release. Read more »
