Transferring Wealth from Newark Homeowners to Corporate Buyers
As investor buyers target predominantly Black residential neighborhoods across many American cities, CLiME releases its investigative report on the unprecedented impact this trend is having on 1-4 unit homes in Newark, New Jersey. In Who Owns Newark? Transferring Wealth from Newark Homeowners to Corporate Buyers, David Troutt and Katie Nelson tell the detailed story of large-scale rent seeking by investors, taking advantage of the city’s foreclosure crisis, high percentage of renters and declining homeownership rate. Among the first neighborhood-level analyses of an American city for sale to outside investors, Who Owns Newark? highlights the risks this trend poses for renters, low-income residents, first-time homeowners and a city seeking neighborhood stability and offers recommendations for how local governments can regulate in the public interest.
How New Jersey's Tax Incentive Programs Fail to Bring Equitable Growth
How can states incentivize economic growth where it’s most needed? What would equitable tax incentive policy look like? CLiME’s collaboration with SPAA scholars details the state of New Jersey’s business tax incentives through the lens of equity. Read Investing in the Equitable State here.
The New Jersey Housing Crisis in a COVID Era:
Mapping Strategic Processes
CLiME collaborated with scholars at the School of Public Affairs and Administration to evaluate lessons learned from NJ municipalities' experiments with federal emergency rental assistance, a project supported by the recently created New Jersey State Policy Lab. The report, The New Jersey Housing Crisis in a COVID Era: Mapping Strategic Processes, is available on our website.
Housing Gaps in Cities of Color:
Affordability Trends in Newark's Inner-Ring Suburbs of
Irvington, Orange and East Orange
Dr. Katie Nelson’s analysis of the affordability gap and renter dynamics in Orange, East Orange and Irvington. Read here.
Coming this Summer
A detailed update to CLiME's Displacement Risk Indicators Matrix (D.R.I.M.) for Newark's neighborhoods
A literature review on the relationship between underlying health conditions and racial health disparities, part of CLiME's "Colored by Covid" project
The winning paper in this spring's seminar Race, Class and Metropolitan Equity course, an analysis of environmental injustice in Newark's Ironbound by Zachary Aboff, and
A white paper on barriers and benefits to increased minority business participation in economic procurement by private and public sector actors, with an emphasis on Newark
