News Updates
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Vicki Been Testifies Before Congress on the Neighborhood Impacts of Foreclosures
On May 21, 2008, Vicki Been testified at a congressional hearing entitled: “Neighborhoods: The Blameless Victims of the Subprime Mortgage Crisis.” The hearing was held to focus attention on the consequences to neighborhoods when foreclosed properties fail to sell, and when owners abandon them. Ms. Been presented some preliminary findings from our on-going research. Her testimony can be found here.
Posted May 22nd 2008
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Furman Center Releases State of New York City’s Housing and Neighborhoods 2007
On April 24, 2008, the Furman Center released the 2007 edition of its annual report, the State of New York City’s Housing and Neighborhoods. The report includes a variety of data indicators on housing, demographics and neighborhood health for the City, boroughs and all 59 community districts. The 2007 edition also inlcudes an analysis of 11 years of mortgage lending trends in the City. View the press release.
Posted April 25th 2008
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The Furman Center Releases New Analysis of 2007 Foreclosure Data
On April 14, 2008, the Furman Center released a new analysis of foreclosure filings data which reveals that there are approximately 15,000 renter households living in buildings that entered foreclosure in New York City in 2007. A complete listing of 2007 foreclosure data by community district can be found here.
Posted April 14th 2008
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The Furman Center Releases Report on the Impact of Inclusionary Zoning on Local Housing Markets
On March 25, 2008, the Furman Center released a report evaluating the impact that Inclusionary Zoning programs have had on housing prices and production.
The Effects of Inclusionary Zoning on Local Housing Markets: Lessons from the San Francisco, Washington DC and Suburban Boston Areas is the first rigorous, econometric analysis to evaluate the impacts of this popular, but often controversial affordable housing tool. The study, which was commissioned by the Center for Housing Policy in Washington D.C., will help inform policy-makers around the country who are considering adopting an Inclusionary Zoning policy. View the press release.
Posted March 25th 2008
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A New Analysis of Subprime Lending Data Finds Signs of Trouble for New York City’s Homeowners
On October 15, 2007, the Furman Center released a summary of the findings from the 2006 HMDA data which was covered in the New York Times. Our analysis also examines the neighborhood demographics of areas with the highest and lowest rates of subprime lending, and evaluates the rates of subprime lending by the race of the borrower. We also look at the rates of subprime lending and demographics for each borough and its communities: the Bronx; Brooklyn; Manhattan; Queens; and Staten Island.
This initial analysis is part of the Furman Center’s larger research agenda on homeownership challenges facing New Yorkers, which includes examining access to credit and the impacts of foreclosures on New York City neighborhoods. The Furman Center will be releasing reports on these topics later this fall.
Posted October 15th 2007
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The Furman Center Releases Report on the Impacts of NYC’s Business Improvement Districts
On July 25, 2007, the Furman Center released a report measuring the impact that NYC’s Business Improvement Districts have on the value of properties within their district.
The Benefits of Business Improvement Districts: Evidence from New York City is the first empirical analysis on the effects that BIDs have on property values, and can be used to better understand the role these organizations play in local economic development.
Posted July 25th 2007
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The Furman Center Presents Preliminary Findings on NYC Mortgage Foreclosures
On April 11, 2007, the Furman Center presented on Mortgage Foreclosures in New York City at the New York State Banking Department’s Conference on Campaign to Halt Abusive Lending Transactions & Mortgage Fraud.
Posted April 11th 2007
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The Furman Center’s 2006 State of New York City’s Housing and Neighborhoods Report
On April 11, 2007, the Furman Center released the 2006 State of New York City’s Housing and Neighborhoods.
The Furman Center recently discovered that the data we were provided for Acres of Open Space per 1,000 residents was incorrect. We regret reporting the erroneous numbers. Please download the correct data here, which you can insert in your State of New York City’s Housing and Neighborhoods 2006 report.
Posted April 11th 2007
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PlanNYC Named One of Top 10 Planning Websites for 2007
Planetizen, a public interest website for the urban planning community, has selected PlanNYC as one of the top 10 online resources for those interested in planning, design, and development.
Posted March 12th 2007
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Housing and America’s Future
On February 12, 2007, the Furman Center hosted Jonathan Fanton, President of the John D. Catherine T. MacArthur Foundation, to announce $25 million in new funding for housing research.
Posted February 14th 2007
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