There are many causes to the collapse of the housing market and the recent financial turmoil, but the contribution of the CRA appears marginal. While banks did engage in…
It has long been argued that promoting homeownership among low-income households is worthwhile because owned housing may be an important source of savings for these families…
Ingrid Gould Ellen, Scott Susin, Amy Ellen Schwartz, Michael Schill
•
October 13, 2001
In this paper, we look at the impact of two New York City homeownership programs on surrounding property values. Both of these programs—the Nehemiah Plan and the New Homes…