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Series:New England Community Developments 

Journal Article
Challenges of the small rental property sector

Most rental housing in America is found in small multifamily buildings and this sector provides most of the options for low- and moderate-income (LMI) renters. With a growing wave of investors buying distressed properties in LMI neighborhoods, there are concerns about the ability of investors to properly maintain their investments. The author explores the small multifamily sector and suggests ways that policymakers can move beyond code enforcement and provide a combination of carrots and sticks to incentivize and increase the presence of ?good actors."
New England Community Developments

Journal Article
Massachusetts’ efforts to address foreclosed properties

Massachusetts has been ahead of the curve in combating neighborhood deterioration as real-estate-owned (lender-owned) foreclosed properties increase. Affordable housing developers, community groups, municipal and state officials, and nonprofits have created a Foreclosed Property Task Force and an online database that is accessible by all the partners. The database is already improving decision making about where resources would have the most impact.
New England Community Developments

Journal Article
Maintaining diversity in America's transit-rich neighborhoods: tools for equitable neighborhood change

In some newly transit-rich neighborhoods (TRNs), a new station can set in motion a cycle of unintended consequences in which core transit users?such as renters and low-income households?are priced out of the neighborhood in favor of higher-income, car-owning residents who are less likely to use public transit. The authors describe these patterns and present policy tools for shaping equitable neighborhood change.
New England Community Developments

Journal Article
Using new markets tax credits to mitigate the impact of foreclosures on communities

The author presents an overview of what is being done and offers community development practitioners? ideas about how to refine and strengthen the federal program. One example: change the program to allow a separate, additional allocation of tax credits for the purchase and resale of foreclosed property in low-income areas.
New England Community Developments

Journal Article
Research review: spillover effects of foreclosures on communities

A house is not just a physical shelter, but also a stitch in the fabric of society, integrating its residents into the life of the larger community. That is why foreclosures may hurt neighborhoods as much as they hurt those who lose their homes. Foreclosures may negatively impact a community when they depress the values of nearby properties, reduce the property tax base, increase blight and crime, and disrupt local social ties. We summarize some of the research that examines foreclosures? effects on the prices of nearby properties.
New England Community Developments

Journal Article
New arguments for employer-assisted housing

In some parts of the country, innovation and experimentation have helped employer-assisted housing (EAH) programs gain momentum, providing New Englanders additional rationale for implementing these programs. This article describes how EAH works, its potential benefits, how it is being implemented around the country, and how our region can make better use of these programs to promote competitiveness and affordable housing.
New England Community Developments

Journal Article
Data corner: remittances

Recent data on remittances to Latin America, including remittances from New England.
New England Community Developments

Journal Article
Data corner: understanding subprime mortgage defaults

Analysis conducted by economists at the Federal Reserve Bank of Boston provides insight into how subprime mortgages became as popular as they did, and why they have caused the problems that they have.
New England Community Developments

Journal Article
Variations on an American dream: alternative homeownership models

With homeownership central to the national economy and U.S. housing policy, the drop in homeownership rates could have long-term negative consequences. A growing body of research argues that alternative homeownership products, such as limited equity cooperatives and lease-to-own models, can offer participants many of the benefits of ownership while reducing some risks. However, these models are not widely implemented or understood. This article asks experts in the housing field about the prospects of greater adoption of these models.
New England Community Developments

Journal Article
The Elm City resident card: New Haven reaches out to immigrants

Cities with sizable immigrant populations are responding to the issue of illegal immigration in different ways. In 2004, the City of New Haven began to actively collaborate with its immigrant population for the purpose of finding ways to increase public safety and integrate immigrant residents into the civic life of the community. This article describes some of the policy choices made by the city in recent years.
New England Community Developments

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