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Working Papers

Housing in the Context of Neighborhood Decline

Sharon Cornelissen, Christine Jang-Trettien • April 25, 2023

In recent years, gentrification has captured the imagination of sociologists and the public alike, dominating conversations about the transformation of cities from New York…
Working Papers

The Financial Returns to Low-Income Homeownership

Eric Belsky, Nicolas Retsinas, Mark Duda • September 9, 2005

W05-9: Efforts to promote low-income homeownership have intensified over the past ten years. Under both regulatory and market pressures, the mortgage finance industry…
Working Papers

Past Accomplishments and Future Regulatory Challenges

William Apgar, Mark Duda • March 30, 2002

The U.S. Congress passed the Community Reinvestment Act (CRA) in 1977 to encourage depository institutions to meet the credit needs of lower income neighborhoods. The CRA was…