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Working Papers

The Rent Eats First: Rental Housing Unaffordability in the US

Whitney Airgood-Obrycki, Alexander Hermann, Sophia Wedeen • January 13, 2021

Even before the COVID-19 pandemic, renters in the United States were facing a housing affordability crisis. Nearly a quarter of renter households were spending more than half…
Research Notes

Subprime Lending and the Community Reinvestment Act

Kevin Park • November 1, 2008

There are many causes to the collapse of the housing market and the recent financial turmoil, but the contribution of the CRA appears marginal. While banks did engage in…