Economic Inequality Policy Series: The COVID-19 Eviction Cliff–Who’s Affected and How to Mitigate Short- and Long-term Crises?

October 27, 2020

The Federal Reserve Bank of New York, in collaboration with the NYU Furman Center, hosted its fourth event in a series of discussions on economic inequality on October 27, 2020. The event, "The COVID-19 Eviction Cliff," highlighted insights on housing and evictions and included conversations with researchers, government, think tanks and organizational leaders.

The pandemic and its associated job losses have limited renters’ ability to pay monthly expenses and landlords’ ability to keep current on mortgages. Both sources of uncertainty threaten neighborhood safety and stability, which looms as New York State’s and the CDC’s temporary halts on evictions are set to expire soon. Finding a solution to avert widespread evictions is critical to avoid magnifying existing racial, gender, and economic disparities.

Event Details

Date & Time
October 27, 2020
2:00pm - 3:30pm

Registration

The event was open to the media and members of the public. All remarks were on-the-record unless otherwise noted.

Agenda

2:00pm-2:05pm	Opening Remarks Denise Scott, Executive Vice President, Local Initiatives Support Corporation (LISC) and Chair of the Board of Directors of the Federal Reserve Bank of New York
2:05pm-2:40pm	Panel 1—Sizing the Issue: Who’s in Crisis? Data on Renters and Landlords Moderator: Claire Kramer Mills, AVP and Director, Community Development Analysis, Federal Reserve Bank of New York Matt Murphy, Executive Director, NYU Furman Center Erika Poethig, VP & Chief Innovation Officer, Urban Institute Brian Byrd, Program Officer, New York State Health Foundation Randy Peers, President and CEO, Brooklyn Chamber of Commerce
2:45pm-3:25pm	Panel 2—Options for Relief: Remedies, Costs and Risks Moderator: Mark Willis, Senior Policy Fellow, NYU Furman Center Andy Haughwout, Leader of Household & Regional Policy, Research & Statistics, Federal Reserve Bank of New York Charles Ostroff, SVP, Multifamily Chief Credit Officer, Fannie Mae Rafael Cestero, President and CEO, Community Preservation Corporation Abbey Wemimo, Founder and CEO, Esusu
3:25pm-3:30pm	Closing Remarks Claire Kramer Mills, AVP and Director, Community Development Analysis, Federal Reserve Bank of New York

Media & General Inquiries
This event was open to the media. All remarks and panels were on-the-record, unless otherwise noted. Members of the press may contact Andrea Priest to RSVP. All other inquiries may be directed to NY.Fed.CommunityDevelopment@ny.frb.org.

Co-Sponsors
Federal Reserve Bank of New York
NYU Furman Center

Resources

The New York Fed conducts research to better understand what contributes to economic inequality in its many forms in the region and across the nation. Learn more about our Economic Inequality & Equitable Growth initiative.

Visit our COVID-19: Information, Research & Analysis and Resources Hub for helpful resources and relevant research from the New York Fed on COVID-19.

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