A variety of government-subsidized programs provide affordable housing so that low income households can afford a decent place to live. Our research examines the availability of affordable housing, evaluates programs that encourage the production of affordable housing, and identifies the effects of subsidized housing on surrounding neighborhoods.
Housing Finance and Foreclosures
As the country grapples with an affordable housing crisis, issues of housing finance and increasing supply have moved to the forefront for policymakers. Our research looks at the current and historic trends in mortgage lending, multi-family housing finance, the causes and consequences of foreclosure, and the effectiveness of foreclosure prevention programs.
Land Use Regulation
Land use regulations affect the built environment, including the capacity for new growth, the provision of affordable housing, and quality of life measures, such as access to transportation and open space. We analyze the impact of land use regulations and regulatory choices, such as the designation of historic districts, on the amount, nature, and cost of housing.
Understanding patterns of neighborhood development and change is critically important for policymakers who wish to promote community development. We analyze the impacts of these changes on residential households, especially low-income renters, and local business decisions.