to Promote Affordable Housing--a special issue of the
Federal Reserve Bank of New York’s Economic Policy Review--is
The New York Fed and New York University’s Furman Center
for Real Estate and Urban Policy cosponsored a conference
in 2002 to examine public and private sector strategies to
ease housing problems of low- and moderate-income families.
The papers from the conference analyze affordable housing
from a national perspective as well as focus on the conditions
unique to the New York City metro area. Key topics of interest
include the cost burdens that housing places on low- and moderate-income
families, policies designed to lower housing costs for these
families, and efforts that inadvertently may have exacerbated
the shortage of affordable housing.
Session 1: State of New York City’s Housing and Neighborhoods
- "State of New York City’s Housing and Neighborhoods:
An Overview of Recent Trends," by Michael H. Schill
and Glynis Daniels, New York University.
Session 2: Affordable Housing and the Housing Market
- "The Impact of Building Restrictions on Housing Affordability,"
by Edward L. Glaeser, Harvard, and Joseph Gyourko, University
- "Government Regulation and Changes in the Affordable
Housing Stock," by C. Tsuriel Somerville, University
of British Columbia, and Christopher J. Mayer, University
Session 3: The Impact of Housing on People and Places
- "Housing Production Subsidies and Neighborhood Revitalization:
New York City’s Ten-Year Capital Plan for Housing,"
by Ingrid Gould Ellen, Michael H. Schill, Amy Ellen Schwartz,
and Ioan Voicu, New York University.
- "Effects of Homeownership on Children: The Role of
Neighborhood Characteristics and Family Income,"
by Joseph M. Harkness and Sandra J. Newman, Johns Hopkins.
- "The Impacts of New Neighborhoods on Poor Families:
Evaluating the Policy Implications of the Moving to Opportunity
Demonstration," by John Goering, Baruch College.
Session 4: Housing Subsidies and Finance
- "Comparing the Costs of Federal Housing Assistance
Programs," by Denise DiPasquale, City Research, and
Dennis Fricke (ret.) and Daniel Garcia-Diaz, U.S. General
- "The Twenty-Fifth Anniversary of the Community Reinvestment
Act: Past Accomplishments and Future Regulatory Challenges,"
by William C. Apgar and Mark Duda, Harvard.