Boston's high housing costs reflect a historic failure to build enough units to satisfy demand. Interest rates and construction costs have risen recently, and the flow of new market-rate residential housing projects has slowed. To spur more construction, the City of Boston is considering various...

Boston's high housing costs reflect a historic failure to build enough units to satisfy demand. Interest rates and construction costs have risen recently, and the flow of new market-rate residential housing projects has slowed. To spur more construction, the City of Boston is considering various...

[...]In this paper, we first provide background information onprogram expenditures and a brief review of the literature. Next,we describe the housing provided under each program and ourmethodology for estimating costs. We then present our totalcost estimates along with estimates of the share of...

An active secondary mortgage market requires underwriting and mortgage contract standards as well as mortgage performance information for potential investors to assess. These standards and information have been developed in the single-family mortgage market, but not in the secondary market for...

A paper presented at the February 2002 conference quot;Policies to Promote Affordable Housing,quot; cosponsored by the Federal Reserve Bank of New York and New York University's Furman Center for Real Estate and Urban Policy

The Los Angeles riot of 1992 resulted in 52 deaths, 2,500 injuries and at least $446 million in property damage; this staggering toll rekindled interest in understanding the underlying causes of the widespread social phenomenon of rioting. We examine the causes of rioting using international...

Individuals invest in their local environments by volunteering, getting involved in local government, becoming informed about their political leaders, joining non-professional organizations and even gardening. Homeownership may encourage these investments because homeownership gives individuals...

The Los Angeles riot of 1992 resulted in 52 deaths, 2,500 injuries and at least $446 million in property damage; this staggering toll rekindled interest in understanding the underlying causes of the widespread social phenomenon of rioting. We examine the causes of rioting using international...

This paper examines the impacts of the recession, the foreclosure crisis, and the freeze in the credit market on the rental housing market and the resulting implications for federal policy. In some markets, high rental vacancy rates, falling rents, and declining renter incomes threaten the...

This paper examines low- and moderate-income households in the city of Philadelphia who are becoming homeowners for the first time. We examine two Nehemiah developments subsidized by the City of Philadelphia that offer newly constructed homes at well below cost. This paper uses a unique survey...