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Working Papers

Option Value and Storefront Vacancy in New York City

Erica Moszkowski, Daniel Stackman • April 12, 2023

Why do storefronts remain empty for more than a year in some of the world’s highest-rent retail districts? Landlords with vacancies derive option value from two sources of…
Working Papers

PRO Neighborhoods Case Study: Adelante Phoenix

Alexander von Hoffman, Matthew Arck • July 6, 2017

Adelante Phoenix is a partnership of four community development financial institutions (CDFIs) that were awarded $6 million through PRO Neighborhoods, a grant program of…
Working Papers

PRO Neighborhoods Case Study: Chicago CDFI Collaborative

Alexander von Hoffman, Matthew Arck • June 29, 2017

The Chicago CDFI Collaborative is a partnership of three community development financial institutions (CDFIs): Community Investment Corporation, Chicago Community Loan Fund,…