Locked Out: How Will NYC’s Neighborhoods
Recover from the Mortgage Crisis?

NYS Superintendent of Banks, HPD, Citibank and Community Organizations
Strategize a Fix for Working-Class Homebuyers and Small Landlords

WHAT:

The collapse of the housing market and its emphasis on subprime lending has concentrated foreclosures and financial ruin in select neighborhoods across the city. With interest rates on a large number of subprime mortgages due to adjust upward in 2008, the trend is likely to worsen for working-class homebuyers and small landlords. Policymakers and housing leaders will participate in a major forum to share strategies to utilize public and private resources, including city and state agencies, banks and community development banking institutions to help New York residents and communities deal with the crisis.

WHO:

Welcome: Fred P. Hochberg, Dean, Milano The New School for Management and Urban Policy

Opening Remarks: Alex Schwartz, Associate Professor and Chair, Urban Policy Analysis and Management, Milano The New School for Management and Urban Policy

Moderator: Michael Hudson, investigative reporter and former reporter, The Wall Street Journal

Panelists:
Richard H. Neiman, Superintendent of Banks, State of New York, and Chair, Halt Abusive Lending Transactions (HALT) Task Force
Herman De Jesus, Intake and Outreach Coordinator, South Brooklyn Legal Services Foreclosure Prevention Project
Hala Farid, Vice President-Deputy Director, Office of Homeownership Preservation, Citi Community Relations
Sarah Ludwig, Executive Director, Neighborhood Economic Development Advocacy Project (NEDAP)
David Schmid, Director of Operations, Division of Neighborhood Preservation, New York City Department of Housing Preservation and Development (HPD)

 

WHEN:

January 22, 10:00a.m. – 12:00p.m.

WHERE:

The New School, 55 West 13th Street, Second Floor (Near Sixth Avenue), New York, NY

RSVP:

Admission is free, but please RSVP at 212.229.5418 or centernyc@newschool.edu

ABOUT THE CENTER FOR NEW YORK CITY AFFAIRS AT THE NEW SCHOOL
The Center for New York City Affairs is a nonpartisan institute dedicated to advancing innovative public policies that strengthen neighborhoods, support families and reduce urban poverty. The Center’s original, applied research, academic seminars and media projects seek to explain the politics of community change and explore solutions grounded in the real-life experience of practitioners and residents in New York’s neighborhoods. Its public programs offer community leaders and others the opportunity to meet powerful players in and around government and to learn about the context, organizations, and other factors that define the policymaking landscape in New York City and urban America. This event is made possible by the generous support of the Milano Foundation and the Sirus Fund.