Preservation of Affordable Homeownership

This paper examines the range of different policy options that communities have adopted to reduce the cost of homeownership, with a particular focus on the effectiveness of each option in preserving affordable homeownership opportunities over time.

Beyond Lender Bias: The Struggle for Capital in a Networked Economy

This paper identifies an emerging structural logic of the financial system under which investment decisions are made by a network that relies on previous transactions as the main source for information about credit quality.