A new study examines mortgage lending practices in racially homogenous neighborhoods for clues about how those neighborhoods differ from the aggregate, national market.

A new study, available online, examines the racial contours of the U.S. subprime lending boom, foreclosure crisis, and recovery surrounding the Great Recession.
"Existing studies reveal general lending patterns in these periods but fail to scrutinize racially homogeneous neighborhoods where outcomes often diverge from aggregate trends," writes author Tyler Haupert, a graduate student at Columbia University, in the abstract to differentiate the study from previous research.
The study uses data from 2005 and 2015, and finds a commonality to the pre-recession market and the post-recession market: "the gap between white borrowers’ comparatively high application approval rates and minority borrowers’ lower approval rates grows as the proportion of white residents in a target neighborhood increases."
The big takeaway: the racially homogenous neighborhoods function differently than the aggregated experience of the housing market.
The study is available in its entirety online, published by the Housing Policy Debate journal.
FULL STORY: Racial Patterns in Mortgage Lending Outcomes During and After the Subprime Boom

Montreal Mall to Become 6,000 Housing Units
Place Versailles will be transformed into a mixed-use complex over the next 25 years.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Four Reasons Urban Planners Can’t Ignore AI
It’s no longer a question of whether AI will shape planning, but how. That how is up to us.

Bend, Deschutes County Move to Restrict Major Homeless Encampment
City and county officials are closing off portions of an area known as Juniper Ridge where many unhoused residents find shelter, hoping to direct people to housing and supportive services.

High Housing Costs Driving Down Transit Ridership in LA
When neighborhoods gentrify and displace lower-income residents, transit ridership suffers, new research shows.

Iowa Legalizes Accessory Dwelling Units
A new law will allow property owners to build ADUs on single-family lots starting on July 1.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Mt Shasta
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)
Regional Transportation Commission of Southern Nevada