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Research & Policy
Furman Center Releases New Report on Public School Students in Homes Facing Foreclosure
October 4, 2010: While researchers have noted the deleterious effects of foreclosure on surrounding properties and neighborhoods, little is known about the effects of foreclosure on children. A new report, Kids and Foreclosure: New York City , released today by researchers at New York University’s Institute for Education and Social Policy (IESP) and Furman Center for Real Estate and Urban Policy, begins to address the issue by estimating the number of students in New York City affected by the current foreclosure crisis. View press release.
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News & Events
Ingrid Gould Ellen Releases New Book: How to House the Homeless
Homelessness is one of the most troubling and persistent social problems in the United States, yet experts can neither agree on its root causes nor on how to eradicate it. Ingrid’s new book, co-edited with Brendan O’Flaherty, professor of economics at Columbia University, proposes that the answers entail rethinking how housing markets operate and developing more efficient interventions in existing service programs. How to House the Homeless makes clear the inextricable link between homelessness and housing policy, and critically reassesses where we are now, analyzes the most promising policies and programs going forward, and offers a new agenda for future research.
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News & Events
Sarah Gerecke Testifies Before the CRA Interagency Public Hearing
On July 19, 2010, Sarah Gerecke testified before the CRA Interagency Public Hearing, jointly held by The Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), The Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS). Her testimony drew from Furman Center research and emphasized the need for (1) consistent, timely and rigorous data-driven analysis to measure both local community credit needs and also the impact of CRA programs in meeting those needs, and (2) more incentives for financial institutions to support a broader range of community development activities.
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Research & Policy
Furman Center Releases Two New White Papers in Conjunction With the What Works Collaborative
On June 3, 2010, the Furman Center announced the release of two new white papers: Improving U.S. Housing Finance through Reform of Fannie Mae and Freddie Mac: Assessing the Options; and Building Environmentally Sustainable Communities: A Framework for Inclusivity. Both of these white papers were completed as part of the What Works Collaborative, a foundation-supported partnership that conducts timely research and analysis to help federal, state and local housing policy-makers frame and implement evidence-based housing and urban policy agendas.
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Research & Policy
Furman Center Releases State of New York City’s Housing and Neighborhoods Report 2009
On March 25, 2010, the Furman Center released the State of New York City’s Housing and Neighborhoods 2009 report. This year we examine New York City’s recent building boom, evaluate the state of mortgage lending in the City, highlight the state of immigrant New Yorkers and immigrant neighborhoods, and, as always, provide detailed data on housing and demographic trends in each of the City’s 59 community districts. View press release.
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Research & Policy
Furman Center Releases New Analysis of the City’s Rezonings
On March 22, 2010, the Furman Center released a new report, How Have Recent Rezonings Affected the City’s Ability to Grow? The report—the first comprehensive statistical analysis of the City’s rezoning strategy—examines the net impact of the 76 rezonings initiated by the City between 2003 and 2007. View the press release.
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Research & Policy
Furman Center Releases New Report on Foreclosed Properties in New York City
On January 14, 2010, the Furman Center released a new report, Foreclosed Properties in NYC: A Look at the Last 15 Years. The report analyzes the outcomes of 1-4 family properties that entered foreclosure in New York City between 1993 and 2007, paying particular attention to trends in recent years. While foreclosure filings continue to rise, little is known about what happens to those properties—how many homeowners are able to stay in their home, how many sell their homes, how many complete the foreclosure process and end up in REO. This report sheds new light on these questions. View the press release.
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Research & Policy
Furman Center Releases New Report on Racial Segregation and Subprime Lending
On November 19, 2009, the Furman Center released a new report examining the relationship between residential segregation and subprime lending. The study examined whether the likelihood that borrowers of different races received a subprime loan varied depending on the level of racial segregation. It looked both at the role of racial segregation in metropolitan areas across the country and at the role that neighborhood demographics within communities in New York City played. View the press release.
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Research & Policy
Furman Center Releases Fact Sheet on New York City Neighborhoods Eligible for NSP II Funding
On July 8, 2009, the Furman Center released a fact sheet describing the NYC neighborhoods that have been hardest hit by the foreclosure crisis, and some of the ways that government agencies and other stakeholders can use data to target the use of funds made available to stabilize these neighborhoods, particularly the federal Neighborhood Stabilization Program (NSP) II.
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Research & Policy
Furman Center Releases Key Findings of the New York City’s Housing and Vacancy Survey 2008
On June 25, 2009, the Furman Center released a summary of key findings from the New York City Housing and Vacancy survey 2008. The U.S. Census Bureau releases the HVS every three years. The primary goal of the survey is to estimate the rental vacancy rate in the City, but the survey also provides valuable insight into other trends in the housing stock. However, the data are released in a format that is hard to understand without statistical software. In order to make the findings available to a wider audience, we have analyzed the data about New York City’s neighborhoods and compiled this summary of noteworthy trends.