Multifamily Housing Finance


Book Description




Over the Edge


Book Description

Often described as an emergency, homelessness in America is becoming a chronic condition that reflects an overall decline in the nation's standard of living and the general state of the economy. This is the disturbing conclusion drawn by Martha Burt in Over the Edge, a timely book that takes a clear-eyed look at the astonishing surge in the homeless population during the 1980s. Assembling and analyzing data from 147 U.S. cities, Burt documents the increase in homelessness and proposes a comprehensive explanation of its causes, incorporating economic, personal, and policy determinants. Her unique research answers many provocative questions: Why did homelessness continue to spiral even after economic conditions improved in 1983? Why is it significantly greater in cities with both high poverty rates and high per capita income? What can be done about the problem? Burt points to the significant catalysts of homelessness—the decline of manufacturing jobs in the inner city, the increased cost of living, the tight rental housing market, diminished household income, and reductions in public benefit programs—all of which exert pressures on the more vulnerable of the extremely poor. She looks at the special problems facing the homeless, including the growing number of mentally ill and chemically dependent individuals, and explains why certain groups—minorities and low-skilled men, single men and women, and families headed by women—are at greatest risk of becoming homeless. Burt's analysis reveals that homelessness arises from no single factor, but is instead perpetuated by pivotal interactions between external social and economic conditions and personal vulnerabilities. From an understanding of these interactions, Over the Edge builds lucid, realistic recommendations for policymakers struggling to alleviate a situation of grave consequence for our entire society.




Modern Real Estate Portfolio Management


Book Description

Contents include real estate investment strategy, public and private equity, public and private debt, allocation across the real estate asset class, and more.







Handbook of Regional and Urban Economics


Book Description

Fifteen essays in this handbook are divided into four parts. Part I surveys basic spatial and spatially related research; Part II surveys literature on specific urban markets; Part III is devoted to studies of urban development and problems in developing countries.; Part IV contains papers on specific urban problems and sectors.







Housing Finance Policy in Emerging Markets


Book Description

Housing finance markets have been changing dramatically in both emerging and developed economies. On the one hand, housing finance markets are expanding and represent a powerful engine for economic growth in many emerging economies. However, the unfolding sub-prime mortgage crisis highlights the risks and potential turbulence that this sector can introduce into the financial system when expanding without proper infrastructure and regulation. As housing finance keeps growing in emerging economies to match a rising demand for housing, new risk management approaches, business models, funding tools, and policy instruments can help. Yet many questions remain about the right balance between innovation and regulation, the extent of risks to the financial system, the appropriate role of the state to promote affordable housing, and the effects of the sub-prime crisis. This book provides a guide for policymakers dealing with housing finance in emerging markets. It highlights the prerequisites for an effective housing finance system; it lays out several policy alternatives and models of housing finance; and it explores the role of governments in expanding access to housing finance for lower-income households. There is no "best" model set out in this book. The aim is to provide a developmental roadmap that can be tailored and sequenced to each country's situation and timing.




Working Paper Series


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Comprehensive Tax Reform


Book Description