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The latest news and analysis from the NYU Furman Center.
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Research & Policy
Updating CRA Geography: It’s Not Just About Assessment Areas
NYU Furman Center Senior Policy Fellow Mark A. Willis offers his suggestions on how to effectively modernize one crucial regulation authorized under the Community Reinvestment Act (CRA). Published by the Penn Institute for Urban Research, the paper proposes a method to evaluate the CRA performance of large retail banks that use the internet to serve customers located beyond their branch network.
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Data Updates
Census ACS 1-Year Data Update
Yesterday the Census posted 1-year American Community Survey data, so for the increasing number of people (housing geeks) interested in gaining insights into the housing market, that means new facts and figures about rents and incomes in NYC. In an effort to move as fast as this city does, we’re working to bring you summary snapshots and analysis of these data releases as quickly as we can. Keep in mind that 1-Year survey data has the largest margin of error of the products that the Census releases (because it has a smaller sample), but it offers the most up-to-date insights. Read on for our take about the numbers and what they might mean for New Yorkers.
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Research & Policy
Gentrification And The Health Of Low-Income Children In New York City
Gentrification is one of the most loaded terms in urbanism—its very definition subject to intense analysis and variation. While many agree that community reinvestment and revitalization may bring certain benefits—increased safety, greater access to high-quality schools, and enhanced economic opportunity—critics fear that rapidly-changing neighborhoods erode local cultures, hike rents, and displace long-time residents. As debate continues to grow about gentrification and its consequences, it is critical to examine the evidence about the relationship of rapid neighborhood change to the well-being of residents.
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Research & Policy
Policy Minute: New York City Public Housing
As New York works to preserve and stabilize its public housing, this Policy Minute explores related research, recent developments, and viewpoints.
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Research & Policy
Proposed Legislation Expands Private Activity Bond Recycling
As the nation grapples with an affordable housing crisis, a recently proposed bipartisan bill aims to address the shortage of affordable housing by expanding and strengthening the Low Income Housing Tax Credit (LIHTC). The Affordable Housing Credit Improvement Act of 2019 will reportedly create 1.9 million additional affordable housing units over the next decade. The new proposal includes a simple tweak that the NYU Furman Center wrote about previously which has the potential to significantly expand financing for affordable housing in New York and across the country.
