BABC 04-10: Spending financed by home equity extraction helps smooth household consumption and bolster the economy in economic downturns, but may reduce wealth…
BABC 04-6: This paper examines home purchase mortgage choice employing data from 2002. Conventional, FHA, subprime, and special programs for low-to-moderate income…
Ingrid Gould Ellen, Scott Susin, Amy Ellen Schwartz, Michael Schill
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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…