October 4, 2010
While researchers have noted the deleterious effects of foreclosure on surrounding properties and neighborhoods, little is known about the effects of foreclosure on children. A new report, Kids and Foreclosure: New York City, released today by researchers at New York University’s Institute for Education and Social Policy (IESP) and Furman Center for Real Estate and Urban Policy begins to address the issue by estimating the number of students in New York City affected by the current foreclosure crisis. To download a PDF of the report, click here.
“Few researchers have explored the human costs of foreclosure, and virtually no one has considered the collateral costs on children,” said Ingrid Gould Ellen, faculty co-director of the Furman Center and a professor at NYU’s Wagner Graduate School of Public Service. “This study shows that the number of children living in foreclosed buildings in New York City is large and growing, and the impact falls disproportionately on black children.”
“Our study also reveals that the impact has been uneven across schools and neighborhoods,” reports Amy Ellen Schwartz, director of the Institute for Education and Social Policy and professor at NYU’s Steinhardt and Wagner schools. “Most notably, a number of schools in northern Brooklyn and southeastern Queens are tasked with educating a disproportionate number of children affected by foreclosure. Further study is needed to determine whether and to what extent a foreclosure action impacts a student’s performance in school.”
The report presents findings from the first phase of a two-part analysis of how foreclosures affect children, funded by the Open Society Institute as part of a three-city study exploring the issue. In the study, the researchers estimate the number of public school students in all grades (K-12) whose families live in properties that entered foreclosure in New York City during the 2003-04 and 2006-07 school years. In addition, they compared the social and demographic characteristics of these students, and their schools, to those of other students.
Using data from the NYC Department of Education, as well as public data on lis pendens (LP) filings—the official notice that commences a foreclosure action—the research team identified several key findings:
The report’s authors conclude that as the number of foreclosure actions continues to grow, the number of affected students will also continue to climb. The hard-hit schools in Brooklyn and Queens that have large concentrations of foreclosure-affected students tend to be vulnerable to begin with, enrolling disproportionate numbers of black and poor students and students with below average test scores.
Future study by researchers at IESP and the Furman Center will focus on the mobility of students who live in homes that experience foreclosure. Specifically, the researchers will analyze whether foreclosure leads students to change schools and to what extent foreclosure leads them to move to lower-performing schools. The researchers plan to continue with a study on the effect of foreclosure on student achievement.
Media queries for the Furman Center should be directed to Caitlyn Brazill, 212.998.6697 or email@example.com; queries for the NYU Institute for Education and Social Policy should be directed to Tim Farrell, 212.998.6797, firstname.lastname@example.org.
The Furman Center for Real Estate and Urban Policy is a joint initiative of the New York University School of Law and the Robert F. Wagner Graduate School of Public Service at NYU. Since its founding in 1995, the Furman Center has become the leading academic research center in New York City devoted to the public policy aspects of land use, real estate, and housing development. The Furman Center is dedicated to providing objective academic and empirical research on the legal and public policy issues involving land use, real estate, housing and urban affairs in the United States, with a particular focus on New York City.
The Institute for Education and Social Policy (IESP) conducts non-partisan scientific research about U.S. education and related social policy issues to help inform educational institutions and policymakers about the effectiveness of instructional programs, the impact of school reform initiatives and the relationships between academic achievement, school finance and socio-economic and demographic factors such as poverty, ethnicity and immigration status. Its researchers are trained in econometrics, evaluation methodology, qualitative methods, and survey design. IESP, a part of the Steinhardt School of Culture, Education, and Human Development, was founded in 1995 as a partnership between Steinhardt, the Robert F. Wagner Graduate School of Public Service, and the Faculty of Arts and Sciences.
This Press Release is in the following Topics:
Research, School of Law, Research News, Robert F. Wagner Graduate School of Public Service, Steinhardt School of Culture, Education, and Human Development
Type: Press Release