research
To mitigate the risk of future storm catastrophe, the State of New York established the New York Rising Buyout and Acquisition Program (“Rising”) to incentivize floodprone homeowners to voluntarily sell their storm-ravaged property to the State as an alternative to rebuilding and experiencing the turmoil of potential future devastation. The present case study evaluates how market values of holdout and nonparticipating properties in Staten Island might serve as a function of distance from the nearest bought- out property before and after April 2013 when the State enacted Rising.
The California Housing Partnership and the Othering & Belonging Institute at UC Berkeley completed this report for the City of San José under a contract to conduct analysis and propose recommendations for design and implementation of an affordable housing siting policy.
With the passage of SB 9, California property owners in single-family neighborhoods now have the right to add a duplex to their property or split their lot. It’s one of many solutions policymakers have sought while they grapple with the challenges of the housing supply shortage and affordability crisis. This report explores whether these changes will be groundbreaking or gradual and how the City of Los Angeles can best implement the law to amplify its benefits while mitigating negative consequences for owners, residents, neighborhoods, and the city as a whole. It offers a set of insights and recommendations that, taken together, suggest that although SB 9 is an important step, it alone is not enough to improve affordability and racial equity without additional public and private intervention.
By Jung Choi and Peter Mattingly
The simplest way to calculate mortgage denial rates is to divide all denied loans by total loan applications. But breaking out different types of mortgages to calculate the most relevant denial rates reveals often-overlooked racial disparities in the mortgage market.
By Jung Choi and Peter Mattingly
This chartbook provides a comprehensive overview of racial disparities in homeownership in Memphis and its MSA by analyzing household socioeconomic characteristics, mortgage and credit, home prices, and housing supply in Memphis that are all related to the lower Black homeownership rate and housing wealth in the region. It aims to help local decisionmakers identify and evaluate solutions to racial housing wealth disparities in the area and to offer metrics and benchmarks toward progress.
By Michael Neal and Peter Mattingly
The home appraisal industry is among the nation’s least diverse industries, and its racial and ethnic homogeneity has been linked to reports of undervaluation and appraisal bias in Black and Hispanic neighborhoods. Remedying this bias is critical, as the racial and ethnic homeownership rate gaps remain wide and are expected to persist without policy intervention.