Linna Zhu’s Tweets

May 19

#NewRelease #ArtificialIntelligence Using a more flexible AI model and controlling for property condition, we still find evidence that the percentage magnitude of AVM error is greater in majority-Black neighborhoods. urban.org/research/publi

#AVMs have been raised as a way to mitigate racial bias in appraisals, but they are not a surefire solution.

, and

just posted new analysis.

What Role Can Property Condition Data and Artificial Intelligence Modeling Play in Understanding...

New evidence finds property condition may contribute to some of the racial disparities in AVM error.

We’re pleased to announce the release of our new WP "Wealth of two nations: The US racial wealth gap, 1860-2020," in which we provide the first continuous time series of white-to-Black per capita wealth ratios over the past 160 years. 1/10 nber.org/papers/w30101

1,103

3,156

#LiveAtUrban on Friday: Join

, & leaders from

, &

for a discussion on modernizing the Community Reinvestment Act.

Modernizing the Community Reinvestment Act: Ensuring Banks Meet the Credit Needs of Their Communi...

This event brought together the Urban Institute, leaders of the three federal banking regulatory agencies, and housing finance experts for a conversation focused on the proposed regulations, the...

Join

; leaders of

, and

; and housing finance experts for an event focused on the new proposed #CRA regulations, the future of the CRA, and new Urban Institute research. June 3, 2022 at 10:30am urbn.is/3wCzvXQ #LiveAtUrban

Modernizing the Community Reinvestment Act: Ensuring Banks Meet the Credit Needs of Their Communi...

This event brought together the Urban Institute, leaders of the three federal banking regulatory agencies, and housing finance experts for a conversation focused on the proposed regulations, the...

housing decisions of older Americans over next decade will have a dramatic impact on the housing market study by

The SegIndex launched in May 2022 with new findings on school segregation. Additional data and resources are coming soon, including: Longitudinal datasets on racial/ethnic and economic segregation...

and others showed the effect was over 1 million housing units off market in 2018 freddiemac.com/research/insig

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Yesterday, we launched the Segregation Index. 68 years after Brown v Board, school segregation is rising in large school districts. Visit segindex.org for research briefs and data, with more coming soon. socialinnovation.usc.edu/wp-content/upl

socialinnovation.usc.edu

The Segregation Index

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Join us for an important discussion about #CRA modernization to review new proposals w/ Lael Brainard, Marty Gruenberg, Michael Hsu,

Modernizing the Community Reinvestment Act: Ensuring Banks Meet the Credit Needs of Their Communi...

This event brought together the Urban Institute, leaders of the three federal banking regulatory agencies, and housing finance experts for a conversation focused on the proposed regulations, the...

National Association of Affordable Housing Lenders

May 19

Thank you for the data support on property condition

@NAAHLDC

May 6

Our president and CEO

@BrobertsBuzz

shares his expectations on the new proposal for the Community Reinvestment Act recently unveiled by federal agencies

and

in this

article. Read here: bit.ly/3vOrhvy #CommunityReinvestment

news.bloomberglaw.com

Biden’s Bank Regulators Overhaul Low-Income Lending Rules (2)

Top U.S. banking regulators unveiled an update to anti-redlining rules after scrapping Trump-era rules that were criticized for giving priority to large-scale projects over targeted investments to...

The racial homeownership gap is now wider than it was in 1890, writes

@GeorgiaKromrei

@HousingWire

. She chronicles attempts to close the gap and step up efforts to end redlining through the CRA.

housingwire.com

Inside the government's feeble fight to end redlining

The main law policing redlining is the Community Reinvestment Act, which regulators enforce when banks seek to grow bigger. While Biden administration officials claim that rooting out redlining is a...

As the bank regulators consider modernizing CRA regulations, analysis by

Fair Housing Center of Central Indiana

, and Jun Zhu suggests they should consider explicitly incorporating consideration of race into CRA lending regulations.

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Linna Zhu Retweeted

@FairHousingIN

Mar 29

Our 10th Annual Fair Housing Conference (virtual) is scheduled for April 12, 2022. You won't want to miss the 15 topical fair housing workshops, including one on barriers to Asian American homeownership with reps from

Jung Hyun Choi and Linna Zhu

. To learn more, visit fhcci.org/events/

The history of women and mortgages | Featuring

@Jungs_Home

msn.com

The history of women and mortgages

An overview of the changes in recent history that helped shape housing opportunities for women

Our new research points out large gaps in the rental payment and eviction data and highlights what existing data tell us about the impact of the COVID-19 pandemic on the rental market.

@pangdaniel_

Navigating Rental Payment and Eviction Data during the Pandemic

& Sarah Gerecke: In Los Angeles, there is a need to build more, wherever possible.

Will California’s New Zoning Promote Racial and Economic Equity in Los Angeles?

There’s a great need for more housing and homeownership in Los Angeles. Increasing the supply of low-density infill housing through zoning reform is an important step, but the city requires additio...

🚨🚨 It's official! I have a Volume number for the first solo-authored paper I published! Be sure to check out Volume 44, issue 1 of Political Behavior /1

link.springer.com

Asian American Mobilization: The Effect of Candidates and Districts on Asian American Voting...

Political Behavior - While numerous studies have examined the effect of a co-ethnic candidate on the ballot for African Americans and Latinos, Asian Americans remain understudied in this regard....

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& Jun Zhu: Compared with nonbanks, banks consistently make a smaller share of loans to borrowers and neighborhoods of color urbn.is/3h3BdJo

Linna Zhu Retweeted

The Regulatory Review

@TheRegReview

Feb 17

California’s new zoning policies will not guarantee equitable outcomes, according to

and Sarah Gerecke of

We need actionable plans!

@JRatcliffeHFPC

talked about ways that we can begin to address the housing shortage. Check it out👇

cnn.com

Opinion: How we can solve the nation's affordable housing crisis

Building more homes for low- and moderate-income families and first-time homebuyers, and equipping these families with reliable and affordable financing tools so they can compete to buy these homes,...

The newest edition of Housing Finance Policy News is out! In this issue: place-based SPCPs, MMI Fund, Native homeowners, and auctions. Subscribe here: urban.org/newsletters

and Sarah Gerecke share four key points, here:

Will California’s New Zoning Promote Racial and Economic Equity in Los Angeles?

It is rare to be amazed. Wow. Bruce Hansen!

Quote Tweet

Giuseppe Cavaliere

@CavaliereGiu

· Feb 12

The OLS estimator is BUE, on top of being BLUE, under classic Gauss-Markov conditions — check out @BruceEHansen’s new amazing #econometrica paper. Textbooks require some updating @jmwooldridge? Question: how much a BUE can depart from linearity?

163

From

& Sarah Gerecke: Will California’s new zoning promote racial & economic equity in Los Angeles? urbn.is/3Ba6vYe

Bar graph showing in Los Angeles the owner-occupancy rate for new two-to-four unit building is lower in neighborhoods of color

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ALT

What needs to be considered when designing and implementing a special purpose credit program. Our first blog on place-based approach

Quote Tweet

Urban Institute

· Feb 1

From @Jungs_Home & team: How place-based special purpose credit programs can reduce the racial homeownership gap urbn.is/3APIFRj

Map showing place based spcps would likely be more effective in reaching black households in cities with a large share of majority-black neighborhoods with detroit and seattle as examples

read image description

ALT

#NEWRELEASE - The Jan 2022 edition of At a Glance, HFPC’s reference guide for mortgage and housing data, includes updated figures showing new records for origination volume, nonagency securitization volume, and housing supply in 2021. urbn.is/3of00hz

I enjoy reading the latest insights from

. Thank you!!

Quote Tweet

Laurie Goodman

· Jan 25

In our new report, “Should the Community Reinvestment Act Consider Race?” we show that predominantly minority neighborhoods receive less than their proportionate share of owner-occupied purchase loans and that this is particularly the case among bank lenders.

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Welcome HFPC's Vice President to Twitter. Follow

My first blog with

is live! I explore 3 ways the federal housing finance system can embed equity into its policies and practices

Quote Tweet

Housing Matters

@Housing360

· Jan 12

3 ways Freddie Mac & Fannie Mae can advance their equity mission to expanding homeownership & wealth-building opportunities for historically excluded households. urbn.is/3Gpd7DM

National Association of Affordable Housing Lenders

Jan 10

Should the Community Reinvestment Act consider race? How different is race from LMI with respect to borrowers and neighborhoods? How is current CRA lending serving minority neighborhoods and minority homebuyers? Check out our new paper for answers! urban.org/sites/default/

Linna Zhu Retweeted

@NAAHLDC

Nov 30, 2021

#HappeningNow: Our second webinar in the #NAAHLWebinarSeries: "Race and CRA: What Does Mortgage Data Tell Us?" with experts from

and

. Should race be considered in the Community Reinvestment Act? #RaceandCRA

Black, Hispanic & other nonwhite households hold a disproportionately low share of housing wealth relative to their share of the population. This is characteristic of most US cities. The story for Asian households is nuanced but no less important. More: urbn.is/3bxSms3

very excited our tool is finally live! you can input your city and check how housing wealth is distributed by race and ethnicity, compare to other cities, and view underlying homeownership rates and home values

Quote Tweet

Urban Institute

· Nov 10, 2021

Explore: Is housing wealth equitable in your city? urbn.is/3BZIXnH

In Atlanta Georgia Black households make up 44.3% of the city's total households but own 17.4 percent of the housing wealth

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ALT

Future of Land and Housing Program at New America

Nov 9, 2021

Thanks for having me! Illuminating findings and discussions!

Quote Tweet

@FLHatNewAmerica

· Nov 9, 2021

Quoting @zhu_linna : "We need to incentivize more warriors onto this battleship! We need a holistic approach with collective action" That means local nonprofits. Developers. Lenders. RE professionals. Opening small dollar loans must be a team effort.

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: "We find the results pretty surprising and pretty counterintuitive too." (via

@josie_huang

)

laist.com

Asian Americans Are Being Denied Mortgages At 'Surprising' Rates Despite Strong Credit

A new Urban Institute analysis shows mortgage applications from Asians are rejected more often than those of white applicants who have lower credit scores…

Nov 8, 2021

We need more research to understand the barriers leading to the higher denial rates for Asian homebuyers.

Quote Tweet

Laurie Goodman

Report: Asian Americans Disproportionately Denied Mortgages

· Nov 8, 2021

.@zhu_linna talked with @KPCC about a recent analysis of 2019 HMDA data that yielded surprising results about Asian mortgage applicants. See our writeup: urbn.is/3CCxHP8

0:09

141 views

Mortgage denial rates for Asian Americans are higher despite having stronger credit profiles and great income levels overall, according to the Urban Insitute.

magazine.realtor

Their denial rates are higher despite having stronger credit profiles and great income levels overall, the Urban Institute finds.

Excited to speak at

and

event next week to discuss findings from a new report on a hidden barrier stopping millions of Americans from buying affordable homes: the increasingly unavailability of small dollar mortgages. RSVP below!

newamerica.org

[ONLINE] - The Lending Hole at the Bottom of the Market

Join the Future of Land and Housing Program for a discussion on the causes and consequences of the unavailability of small dollar mortgages.

Nov 1, 2021

More shockingly, in this analysis we find that this Asian-white denial gap persists across almost all major metropolitan areas with large number of Asian mortgage borrowers.

Quote Tweet

Laurie Goodman