Neighborhoods and Housing Markets: Comprehensive Community Development in the Metropolitan Context
Monday, January 23, 2012
Federal Reserve Bank of Cleveland
Pittsburgh Branch 717 Grant Street
Pittsburgh, PA 15219
Foreclosures have hit inner city, suburban, and exurban neighborhoods alike. What does this pattern of distress portend for future development patterns throughout regions? Has the exurban development model failed? Has the foreclosure crisis erased all the gains that city lower-income neighborhoods have made in recent years? Many cities are investing in new or substantially upgraded rail corridors. Do these improvements promise to bring new investment into previously distressed neighborhoods? What do patterns of demographic change, including immigration or the entry of new age cohorts into the home buying market portend for patterns of regional development? This panel will explore ways in which neighborhoods within metropolitan areas are linked to one another through flows of population and investment from neighborhood to neighborhood, and how regional policymakers and community developers can work together to influence these flows to produce better neighborhoods and regions. New data tabulations that explore some of the inter- and intra-metropolitan differences in housing markets will help provide a framework for both the national and regional discussions.
The national panel discussion will be streamed live to all satellite locations and will be followed by a regional discussion at each satellite location.
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Sponsored by the Federal Reserve Bank of Cleveland and the Pittsburgh Partnership for Neighborhood Development