NYU Furman Center | LinkedIn (original) (raw)

Research Services

New York, New York 3,866 followers

Advancing Research and Debate on Housing, Neighborhoods, and Urban Policy

View all 48 employees

About us

The NYU Furman Center advances research and debate on housing, neighborhoods, and urban policy. Established in 1995, it is a joint center of the New York University School of Law and the Robert F. Wagner Graduate School of Public Service. Its mission is to: 1. Conduct objective academic and empirical research on legal and public policy issues involving land use, real estate, housing, and urban affairs in the United States; 2. Promote frank and productive discussions among elected and appointed officials, leaders of the real estate industry, leaders of non-profit housing and community development organizations, scholars, and students about critical issues in land use, real estate, and urban policy; 3. Present essential data and analysis about the state of New York City’s housing and neighborhoods to those involved in land use, real estate development, community economic development, housing, urban economics, and urban policy; and 4. Train the next generation of urban policy leaders—including researchers, analysts, and practitioners—by fostering an enriching environment where students meaningfully contribute to the Center’s work. The NYU Furman Center received the prestigious MacArthur Award for Creative and Effective Institutions in 2012. This distinguished award recognized the Center's excellence in providing objective, policy-relevant research and analyses to address the challenges facing New York City and other communities across the nation.

Industry

Research Services

Company size

11-50 employees

Headquarters

New York, New York

Type

Nonprofit

Founded

1995

Locations

Employees at NYU Furman Center

Updates

The NYU Furman Center on Friday released a Policy Minute on eliminating parking minimums as the New York City Council considers the NYC Department of City Planning’s City of Yes for Housing Opportunity zoning reform proposal, which it is set to vote on the proposed changes by the end of the year. The City of Yes for Housing Opportunity is aimed at easing New York City's housing shortage by updating zoning regulations to encourage more housing development across the city. These provisions include implementing the Universal Affordability Preference (UAP), making office to residential conversions more feasible, allowing accessory dwelling units, and encouraging transit-oriented development. One proposed provision of the City of Yes for Housing Opportunity that has been a source of controversy is eliminating minimum parking requirements in residential developments. While proponents of the measure argue that it will encourage housing supply and contribute to the city’s climate goals, opponents worry that it will lead to a dearth of parking in neighborhoods with poor access to transit. New York City zoning laws require minimum off-street parking in many areas, which may often result in an oversupply of parking spaces where market demand for off-street parking is relatively low. These mandates increase development costs, reducing the feasibility of new housing projects and ultimately limiting the supply of housing. Read our Policy Minute here ➡ https://lnkd.in/em-HXHaa #newyorkcity #development #housing #affordablehousing #planning #parking
Policy Minute: Eliminating Minimum Parking Requirements furmancenter.org
Are you a member of a local jurisdiction that wants to learn more about how to design housing policy for your community? The NYU Furman Center’s Housing Solutions Lab has built a one-stop housing policy platform – Local Housing Solutions – to help provide small- and midsize-cities necessary tools and step-by-step guidance to assist localities develop, implement, and monitor local housing strategies. Developed for policymakers and practitioners from cities of different sizes and different levels of resources and technical capacity, Local Housing Solutions presents a rich and evolving set of resources to support comprehensive, balanced, and equitable housing strategies that enhance affordability, protect low-income residents from displacement and unsafe conditions, and foster inclusive neighborhoods. Resources include: -> Learn more about affordable housing -> Explore a variety of housing policies -> Develop and implement a local housing strategy to address your community’s housing needs -> Discover how to leverage public data to draw insights about your community -> Read case studies to learn from cities around the country about how they are using housing policies to reach their goals Local Housing Solutions also provides information to help cities pursue housing policies that reduce disparities, advance opportunity, and promote racial equity. Visit NYU Furman Center’s Housing Solutions Lab to learn more https://lnkd.in/eucUax_X
About the Lab - Local Housing Solutions localhousingsolutions.org
A report published by the Financial Stability Oversight Council (FSOC) earlier this year on Nonbank Mortgage Servicing, highlights concerns that nonbank mortgage servicers (NMSs) collectively pose a risk to financial stability. The report identifies three specific risks that will manifest during stressed mortgage markets: a ballooning need for liquidity, insufficient regulatory capital and liquidity to ensure stable operations, and the potential for widespread service disruption. FSOC’s recommendations largely focus on asking state-level regulators to increase capital and liquidity requirements on NMSs, asking Congress to pass legislation to provide emergency help to NMSs – especially those who service Ginnie Mae-insured bonds, and calling for better regulatory coordination.NYU Furman Center’s Senior Visiting Fellow Don Layton argues in his latest article that these suggestions are not likely to be effective, especially because they fail to address the root cause of stressed-market instability: two outdated mortgage securitization standards that impose large financial burdens on NMSs. Read the full article here.https://lnkd.in/eCQEZi5E
Nonbank Mortgage Servicers: Proposing a Better Path to Reduce Their Risk to Financial Stability furmancenter.org
3,866 followers
5d Edited
The NYU Furman Center is proud to congratulate Special Projects Associate with the Housing Solutions Lab Aisha Balogun and Data Management Associate at the NYU Furman Center Elizabeth (Nikki) Miller as this year’s recipients of the 2024 Equity and Inclusion Fellowships. Our honored fellows will be traveling to the upcoming APPAM Conference on November 21 and November 22 along with Martha M. Galvez, Executive Director of the Housing Solutions Lab, and Claudia Aiken, Director of New Research Partnerships at the Housing Solutions Lab. The fellowships support the participation and travel of graduate students, young professionals, and undergraduate students from traditionally underrepresented backgrounds at the 2024 Annual Fall Research Conference in National Harbor, MD: https://lnkd.in/gsPTNj6SWhile at the conference, Fellows will have the opportunity to connect with each other and members of the APPAM Policy Council and Diversity, Equity, and Inclusion Committee, recognizing them, their accomplishments, and bright futures.#2024APPAM
#2024APPAM appam.org
A recent tenant strike in Kansas City aims to put pressure on the Federal Housing Finance Agency to meet renters’ demands at all federally backed-properties. However, housing finance experts say that a rent strike only hurts landlords, not the FHFA, and they find it unlikely that the Federal National Mortgage Association, known as Fannie Mae, would risk its investment based on actions at two local apartment buildings. Because the funds don’t come from public tax dollars, the FHFA and Fannie Mae don’t have control over their properties in the same way that, for example, the U.S. Department of Housing and Urban Development has control of the government-funded buildings it manages. Mark Willis, the senior policy fellow at the NYU Furman Center for Real Estate and Urban Policy, said that Fannie Mae typically has the right under the mortgage to pursue legal action when landlords let properties fall into disrepair. Fannie Mae buys and sells mortgages with the expectation that the property will be properly maintained. And when owners neglect repairs, they’re breaking their mortgage terms. That gives Fannie Mae the option to declare a default or foreclosure on the property, Mark Willis said. As an alternative to taking ownership of poorly maintained buildings, Fannie Mae can give money to a receiver to step in for the landlord and handle repairs. Read the article by The Beacon Kansas City’s Mili Mansaray here:https://lnkd.in/esmUzPFk
The growing stakes in the Kansas City rent strike as it passes 30 days https://thebeaconnews.org
When it comes to housing, seeing is believing. To many, construction cranes are considered a grim harbinger of gentrification, not a sign that rents will soon go down. Urban and suburban residents alike, when asked in a 2022 survey about the expected effects of a sudden housing stock surge, overwhelmingly believed that rents and prices would go up or stay the same, not fall. But a review of recent research by NYU Furman Center's Faculty Directors Vicki Been, Ingrid Gould Ellen, and Katherine O'Regan into the link between new housing production and apartment affordability offers new evidence that the rules of supply and demand do apply to housing: Building more can slow rent growth in cities and free up more affordable vacant units in surrounding neighborhoods, without causing significant displacement. The review of recent research cites dozens of studies and explains how their findings consistently debunk or complicate concerns that building more housing could do more harm than good. “All of those central arguments of the supply skeptics are being refuted,” said Been. Read more in the article by Bloomberg CityLab's Sarah Holder here: https://lnkd.in/eN_s6Qyc
No, Really. Building More Housing Can Combat Rising Rents bloomberg.com
Thousands of people across the country are losing their federal housing vouchers before they can ever use them. Until recently, the true scale of this problem was unknown. But an analysis by the NYU Furman Center for Real Estate and Urban Policy at New York University found that in 2022, nearly half of households awarded housing vouchers were unable to use them. The problem has been rapidly worsening. From 2018 to 2022, the share of households unable to use their voucher increased from 35 percent to 45 percent. “It’s a dire situation,” said Ingrid Gould Ellen, director of the NYU Furman Center and one of the authors of the study. “That after winning the lottery, essentially, and getting this voucher, many of them may be searching and searching and unsuccessful. That is tragic for that individual family.” “My perspective is still that the voucher program is a highly effective program and has accomplished a lot of what its designers hoped it would,” said Gould Ellen. “The lesson from these low success rates is not that we should give up on the voucher program, it’s that we really need to scrutinize it and find ways to make it easier to use – for tenants and landlords.” Read more in this article by USA TODAY's Lucy Tompkins here: https://lnkd.in/gHjV9Ug9
Voucher program is supposed to help poor families rent a home. Nearly half the time, it fails. usatoday.com

Join now to see what you are missing

Join now

NYU Furman Center | LinkedIn (original) (raw)

Research Services

New York, New York 3,866 followers

Advancing Research and Debate on Housing, Neighborhoods, and Urban Policy

About us

Locations

Employees at NYU Furman Center

Updates

Join now to see what you are missing

Similar pages

Browse jobs