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.
October 27, 2020
2:00pm - 3:30pm
The event was open to the media and members of the public. All remarks were on-the-record unless otherwise noted.
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
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.
Federal Reserve Bank of New York
NYU Furman Center