Subprime Lending, Foreclosure and Race Initiative
Home ownership is more than just a means of providing shelter in our society. Homeownership is a vehicle to both housing and financial security, providing an opportunity to develop assets and strengthening neighborhoods. The national trend of subprime lending, surging foreclosures and instability in the housing market threaten to severely widen racial disparities and damage the entire US economy. The Kirwan Institute has launched an outreach, advocacy and research initiative to focus on the subprime lending and foreclosure crisis from a structural perspective. The initiative will include seeking solutions from leading thinkers and key stakeholders in the various domains impacted or implicated by the crisis. Follow this link to learn more about the Institute's supbprime lending, foreclosure and race initiative.
To review the agenda for the October 2nd and 3rd convening please follow this link: Agenda
For Information on the conference location and nearby hotels please review: Location and Lodging
Keynote Speakers:
Jim Carr, Chief Operating Officer, National Community Reinvestment Coalition
Jim Carr is Chief Operating Officer for the National Community Reinvestment Coalition, an association of 600 local development organizations across the nation, dedicated to improving the flow of capital to communities and promoting economic mobility. He is also a visiting professor at Columbia University in New York. Prior to his appointment to NCRC, Jim was Senior Vice President for Financial Innovation, Planning and Research for the Fannie Mae Foundation and Vice President for Housing Research at Fannie Mae. He has also held posts as Assistant Director for Tax Policy with the U.S. Senate Budget Committee, and Research Associate at the Center for Urban Policy Research at Rutgers University.
Paul Hudson, Chairman and CEO, Broadway Financial Corporation and Broadway Federal Bank
Paul C. Hudson is the Chairman and Chief Executive Officer of the Broadway Financial Corporation and Broadway Federal Bank. The Bank’s mission is to serve the real estate, business and financial needs of customers in underserved urban communities with a commitment to excellent service, profitability and sustained growth. Mr. Hudson is a member of the California and District of Columbia Bars. He chairs the board of the Los Angeles Community Redevelopment Agency, and also chairs the Board of Community Build, Inc.
Scheduled Panels (Partial List):
· Structural Racialization and the Subprime/Foreclosure Crisis
· Racial and Ethnic Impacts of the Subprime/Foreclosure Crisis
· Macro-Economic Factors Influencing the Growth of Subprime Credit
· Fair Housing Impacts of the Subprime/Foreclosure Crisis
· Credit Access, Foreclosure and the Wealth Gap
· Evaluation of Federal/State Responses
· Innovative Community Based Strategies
· Critical Legal Reforms and Litigation
· The Subprime/Foreclosure Crisis, Media and Race
Facilitated Work Group Sessions:
In addition to educational panels the convening will hold three concurrent working group session to tap the expertise of all participants and identify racially equitable solutions and remedies to the subprime/foreclosure crisis.
1. Federal Response: The Role for the Next White House in Responding to the Subprime/Foreclosure Challenge
2. Litigation and Legal Strategies to Counter the Subprime/Foreclosure Crisis
3. Expanding Credit and Housing Opportunity for Communities of Color
If you have additional questions about the event or the Kirwan Institute’s subprime lending, foreclosure and race initiative please contact Jason Reece (reece.35@osu.edu) or Christy Rogers (rogers.441@osu.edu).
