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Stable and affordable rental housing provides an essential foundation for economic participation and upward mobility. At the same time, homeownership has historically provided a primary pathway to wealth creation in the US. Consequently, the dual aims of affordability and wealth generation can put rental and homeownership policies at odds with each other.
This seminar, presented by the Federal Reserve Banks of Boston and San Francisco on November 13, 2023, gathered experts for a research-driven discussion around efforts to increase rental affordability, access to homeownership, and housing stability. Experts shared how different approaches to these aims will have implications for the ability of housing policy to reduce wealth disparities by race and income.
Panel speakers
Peggy Bailey
Vice President for Housing and Income Security
Center on Budget and Policy Priorities
Ingrid Gould Ellen
Paulette Goddard Professor of Urban Policy and Planning, Director for Furman Center for Real Estate and Urban Policy
New York University
Sara Kimberlin
Executive Director and Senior Research Scholar
Stanford Center on Poverty and Inequality
Carolina Reid
I. Donald Terner Distinguished Professor in Affordable Housing and Urban Policy in the Department of City and Regional Planning and Faculty Research Advisor
Terner Center for Housing Innovation at the University of California at Berkeley
Rocio Sanchez-Moyano
Senior Researcher, Community Development
Federal Reserve Bank of San Francisco
Agenda
1:00-1:05 pm ET
Introduction and welcoming remarks
Jennie Blizzard, Communications Advisor, Fed Communities
Elizabeth Kneebone, Assistant Vice President, Federal Reserve Bank of San Francisco
2:03-2:45 pm ET
Panel 1: Strategies to address the affordability gap for renters
Peggy Bailey, Vice President for Housing and Income Security, Center on Budget and Policy Priorities moderator
Ingrid Gould Ellen, Paulette Goddard Professor of Urban Policy and Planning, Director for Furman Center for Real Estate and Urban Policy, New York University
Sara Kimberlin, Executive Director and Senior Research Scholar, Stanford Center on Poverty and Inequality
1:45-2:25 pm ET
Panel 2: Challenges in increasing access to homeownership and closing the racial wealth gap
Rocio Sanchez-Moyano, Senior Researcher, Community Development, Federal Reserve Bank of San Francisco moderator
Jung Hyun Choi, Senior Research Associate, Housing Finance Policy Center, Urban Institute
Carolina Reid, I. Donald Terner Distinguished Professor in Affordable Housing and Urban Policy in the Department of City and Regional Planning and Faculty Research Advisor, Terner Center for Housing Innovation at the University of California at Berkeley
2:25-2:30 pm ET
Closing remarks
Beth Mattingly, Assistant Vice President, Federal Reserve Bank of Boston
About the Series
This seminar is part of the Federal Reserve Community Development Research Seminar Series, a forum for exploring the intersection of research, policy, and practice in the community development field. The Series expands access to high-quality research that informs stakeholders who are working to support low- and moderate-income communities and communities of color.