Community

2011 Federal Reserve Community Affairs Research Conference

April 28-29, 2011, Arlington, Virginia

Thursday, April 28

7:30 - 8:30
Registration and Continental Breakfast
8:30 - 9:15
Welcoming Remarks

President John Williams, Federal Reserve Bank of San Francisco
Governor Elizabeth Duke off-site, Federal Reserve Board of Governors

9:15 - 10:45
The Landscape of Consumer Finance

Chair: Alfreda B. Norman, Federal Reserve Bank of Dallas
Discussant: Raphael Bostic, Department of Housing and Urban Development

Determinants of the Incidence of Loan Modifications
Vicki Been, Mary Weselcouch, New York University and Ioan Voicu, Scott Murff, Office of the Comptroller of the Currency
Paper
Presentation

Credit Scores after the Crisis: Understanding the Long-term Impact of Foreclosures on Lower-Income Households
Kenneth Brevoort, Federal Reserve Board of Governors
Paper
Presentation

Coping with Adversity: Personal Bankruptcy Decisions of Lower-Income Homeowners Before and After Bankruptcy Reform
Mark Lindblad, Roberto Quercia, Sarah Riley, Melissa Jacoby, Tianji Cai, Ling Wang, and Kim Manturuk, Center for Community Capital, University of North Carolina - Chapel Hill
Paper
Presentation

10:45 - 11:00
Break
11:00 - 12:30
Alternative Financial Services:   Access and Impact on Household Financial Well-Being

Chair: Signe-Mary McKernan, Urban Institute
Discussant: John Caskey, Swarthmore College

The Impact of Access to Payday Loans on Household Balance Sheets
Neil Bhutta, Federal Reserve Board of Governors
Presentation

Payday Loans vs. Pawn Shops: The Effect of Loan Fee Limits on Household Use
Robert B. Avery, Federal Reserve Board of Governors
Paper
Presentation

Regulating on the Fringe: Re-Examining the Link Between Fringe Banking and Financial Distress
Jim Hawkins, University of Houston Law Center
Paper

12:30 - 2:00
Luncheon Keynote

Introduction: Sandy Braunstein, Federal Reserve Board of Governors

Jeffrey Sachs, Director, Earth Institute, Columbia University

Author of the New York Times bestsellers Common Wealth and The End of Poverty,  Professor Sachs  is also Special Advisor to United Nations Secretary-General Ban Ki-moon. From 2002 to 2006, he was Director of the UN Millennium Project and Special Advisor to United Nations Secretary-General Kofi Annan on the Millennium Development Goals, the internationally agreed goals to reduce extreme poverty, disease, and hunger by the year 2015.

Concurrent Sessions
2:00 - 3:30
Session A
Understanding the Impacts of Foreclosure on Lower-Income Households and Communities

Chair: Marsha Courchane, Charles River Associates
Discussant: James H. Carr, National Community Reinvestment Coalition

Do Foreclosures Cause Crime?
Ingrid Gould Ellen, Johanna Lacoe and Claudia Sharygin, New York University
Paper
Presentation

Do Children Lose More than a Home? The Effects of Foreclosure on Children's Educational Outcomes
Ashlyn Aiko Nelson, Indiana University, David Figlio, Northwestern University, and Stephen Ross, University of Connecticut
Presentation

The Post-Foreclosure Experience of US Households in the Current Housing Market Downturn
Raven Molloy and Hui Shan, Federal Reserve Board of Governors
Paper
Presentation

Session B
Looking Ahead:  Food Markets and Sustainable Communities  

Chair: Jacqueline King, Federal Reserve Bank of Minneapolis
Discussant: Elsie Meeks, USDA Rural Development

A Social, Economic, and Human Capital Evaluation of Farmers Markets
Richard McCarthy, Market Umbrella
Paper
Presentation
Handout 1
Handout 2

A Comprehensive Method for Identifying Optimal Areas for Supermarket Development
Kennen Gross, Lance Loethen, and Ira Goldstein, The Reinvestment Fund
Paper
Presentation

Waiting for Change: Employment Dynamics for Tipped Workers in the Restaurant Industry
Sylvia Allegretto, Institute for Research on Labor and Employment, UC Berkeley
Paper
Presentation

3:30 - 4:00
Break
4:00 - 5:30
Researchers Roundtable
Counseling Revisited:  Linking Research, Practice & Policy

Chair: Tammy Edwards, Federal Reserve Bank of Kansas City
Discussant: Michael Collins, University of Wisconsin

Impacts of Counseling under the National Foreclosure Mitigation Counseling Program
Neil Mayer, Neil Mayer & Associates, Peter A. Tatian, Kenneth Temkin and Charles A. Calhoun, The Urban Institute
Paper
Presentation

Estimating the Effects of Foreclosure Counseling for Troubled Borrowers
Max Schmeiser, Federal Reserve Board of Governors
Paper
Presentation

In Search of a Fresh Start: Can Credit Counseling Help Debtors Recover from Bankruptcy?
Angela Lyons, University of Illinois at Urbana-Champaign, Shawn Howard, Money Management International, and Erik Scherpf, Economic Research Service, USDA
Presentation

Do Consumers Benefit From Credit Counseling Payment Plans?
John Barron, Purdue University and Michael Staten, University of Arizona
Paper
Presentation

5:30 – 5:45
Closing Remarks

Joseph Firschein, Federal Reserve Board of Governors

5:45 – 7:00
Networking Reception

Friday, April 29

7:30 – 8:30
Continental Breakfast
8:30 – 9:00
Welcoming Remarks

Anna Alvarez Boyd, Federal Reserve Board of Governors
President James Bullard, Federal Reserve Bank of St. Louis

9:00 - 10:30
Neighborhoods and Opportunity:  Re-Examining the Links between People and Place

Chair: Kimberly Zeuli, Federal Reserve Bank of Richmond
Discussant: Jared Bernstein, Chief Economist and Economic Policy Adviser to Vice President Joseph Biden

Does Community Building Matter, or Are Schools Enough? Lessons from the Harlem Children’s Zone
Roland Fryer and Will Dobbie, Harvard University
Paper
Presentation

Mixed-Income Development: Emerging Challenges and Implications for Policy and Practice
Mark L. Joseph, Case Western Reserve University
Presentation
Handout

The Social Determinants of Health: How Neighborhoods Matter
Kathleen Cagney, University of Chicago
Presentation

10:30 – 11:00
Break
Concurrent Sessions
11:00 - 12:30
Session A
The Future of Community Development Finance

Chair: Todd Greene, Federal Reserve Bank of Atlanta
Discussant: Ellen Seidman, Former Director, Office of Thrift Supervision
Presentation

After the Financial Crisis: The Roles and Responsibilities of Banking Institutions in Financing Community Economic Development
Robin Newberger and Michael Berry, Federal Reserve Bank of Chicago
Presentation

What Can Community Development Venture Capital Tell Us About the Future of Community Development Finance?
Julia Sass Rubin, Rutgers University
Presentation

The Impact of the LIHTC Program on Local Schools
Wenhua Di, Federal Reserve Bank of Dallas and James C. Murdoch, University of Texas at Dallas
Paper
Presentation

Session B
Future Paths to Sustainable Homeownership

Chair: Kilolo Kijakazi, Ford Foundation
Discussant: Ray Boshara, Federal Reserve Bank of
St. Louis and New America Foundation

Perception and Reality during the Financial Crisis: Homeownership, Low-Income Households, and Financial Stress
Kimberly Manturuk, Sarah Riley and Janneke Ratcliffe, Center for Community Capital, University of North Carolina – Chapel Hill
Paper
Presentation

Balancing Affordability and Opportunity: An Evaluation of Affordable Homeownership Programs with Long-term Affordability Controls
Kenneth Temkin, Brett Theodos, and David Price, The Urban Institute
Paper
Presentation

Caught in the Housing Bubble: Immigrants' Housing Outcomes in Traditional Gateways and Newly Emerging Destinations
Gary Painter,  University of Southern California, and Zhou Yu, University of Utah
Presentation

FHA Lending: Recent Trends and their Implications for the Future
Harriet Newburger, Federal Reserve Bank of Philadelphia
Paper
Presentation

12:30 - 1:50
Luncheon Keynote

Chairman Ben Bernanke off-site
Federal Reserve Board of Governors

1:50 - 2:00
Closing Remarks

Anna Alvarez Boyd, Federal Reserve Board of Governors

2:00
Conference Adjourns

Sponsor

  • Federal Reserve Bank of San Francisco

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