News Updates
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Mark Willis Testifies in US Senate
May 14, 2013 – Furman Center Resident Research Fellow Mark Willis testified on opportunities to bring private capital back into the mortgage market before the Securities, Insurance, and Investment subcommittee of the US Senate Committee on Banking, Housing, and Urban Affairs. His testimony considers how to create a greater role for private financing of mortgages that reduces the risk to taxpayers without impairing access to safe and well-priced mortgages. Read the full testimony here.
Posted May 14th 2013
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Officials and Developers Discuss Housing Challenges of Sandy Recovery at Furman Event
April 29, 2013 – The Furman Center hosted a policy breakfast Friday on the housing challenges facing New York’s low-income families following Hurricane Sandy. Hurricane Sandy Rebuilding Task Force Executive Director Laurel Blatchford, Mayor’s Office of Housing Recovery Operations Director Brad Gair, Rick Gropper of L+M Development Partners, and affordable housing developer Jonathan Rose shared thoughts on many issues, including finding homes for those still displaced, balancing rebuilding and retreat, strategies to promote resilience, and creative ways to fund recovery. Read the program here.
Posted April 29th 2013
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Mayoral Candidates Speak on Housing at Furman Center Forum
April 11, 2013 – Mayoral Candidates Bill de Blasio, Christine Quinn, John Liu, Bill Thompson, Adolfo Carrion, and Sal Albanese gave their perspective on New York City’s housing issues to 450 attendees at the Furman Center and Moelis Institute’s Mayoral Forum, Big Ideas for the Big Apple, hosted by Brian Lehrer yesterday. The Forum was preceeded by several panel discussions on the housing legacy of former Mayor Ed Koch. Hear analysis from Furman Center Director Vicki Been and get the full forum audio from the Brian Lehrer Show , or follow @FurmanCenterNYU on twitter to see tweets from the event. Complete video of the forum and the preceding panels on the history of affordable housing New York City are available here.
Posted April 11th 2013
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Vicki Been Voices the Housing Challenges of Sandy Recovery
April 8, 2013 – With talks today and last Friday, Furman Center Director Vicki Been is highlighting the impact of Sandy on New York City’s housing and engaging the discussion over proposals to mitigate the worst effects of future storms. Professor Been spoke Friday at Rutgers-Newark Law School and today at the Princeton Environmental Institute. Read the Furman Center report on Sandy’s impact on New York City housing here.
Posted April 8th 2013
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Vicki Been Speaks on Transferable Development Rights
April 5, 2013 – Furman Center Director Vicki Been presented an idea for expanding the ability of landmarked buildings to transfer the development rights of their property to neighboring sites. The presentation, part of Forum for Urban Design’s Next New York series, emphasized the possibility of using a portion of the proceeds from expanded development to fund public goods, including affordable housing and open space. View the presentation slides here.
Posted April 5th 2013
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QUARTERLY HOUSING REPORT: Citywide Home Prices Up Two Percent in Fourth Quarter of 2012
April 3, 2013 – Home prices in New York rose in the last quarter of 2012, according to the Furman Center’s New York City 2012 Quarterly Housing Update: 4th Quarter. Increase in prices was seen in all boroughs except Manhattan, with the Bronx showing the largest increase over the previous quarter, with prices up 8.1 percent. The Bronx also led the city with the most building permits authorized and the greatest increase in sales volume. See the press release or read the full report.
Posted April 3rd 2013
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Vicki Been Speaks on the Challenge of Moving Housing from Flood Zones
March 28, 2013—Furman Center Director Vicki Been spoke at Columbia University about the implications of a housing retreat from areas that flooded during Hurricane Sandy. Noting that more than 300,000 residential units, 9 percent of the city’s total, were in flooded areas, Professor Been highlighted the enormous scope of moving residences from flood areas and addressed the zoning, legal, and planning challenges of such an endeavor.
Posted March 28th 2013
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POLICY BRIEF: Housing Voucher Recipients Don’t Cause Crime, but Tend to Follow in its Wake
March 15, 2013—A new report released today by the Furman Center and Moelis Institute debunks the long-held myth that the influx of households with vouchers causes crime in a neighborhood to increase. Rather, the report finds that housing voucher recipients tend to move into neighborhoods with high existing levels of crime. These findings should reassure communities worried about entry of voucher holders, but also raise questions about whether the Housing Choice Voucher program is reaching its stated goal of helping recipients reach “better” neighborhoods. See the press release or read the full report.
Posted March 15th 2013
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New Furman Center Report Finds That Superstorm Sandy Hit NYC’s Low-Income Renters the Hardest
March 6, 2013—Four months after Superstorm Sandy, New Yorkers continue to pick up the pieces and rebuild. A new study released today by the Furman Center summarizes newly available information about the characteristics of properties in the area in New York City flooded by Sandy’s storm surge, as well as demographic characteristics of households that have registered to receive assistance from FEMA. Released in partnership with Enterprise Community Partners, who provided a similar analysis on Long Island and New Jersey, the reports find that low-income renters were disproportionately impacted by Sandy and will require special assistance to fully recover. See the press release or read the full report.
Posted March 6th 2013
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POLICY BRIEF: Furman Center Finds Concentrated Foreclosures Lead to Increase in Neighborhood Crime
Foreclosures affect not only individual homeowners, but also the crime levels of the surrounding neighborhood, according to a new report released by the Furman Center. The study found that neighborhoods with concentrated foreclosures see an uptick in crime for each foreclosure notice issued. These effects are pronounced in hardest hit neighborhoods; that is, those with concentrated foreclosures. The report suggests that policing and community stabilizing efforts should prioritize areas with concentrated foreclosures, especially those where crime rates are already moderate to high. See the press release or read the full report.
Posted February 22nd 2013
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