Media Advisory

New York Fed to Host an Event on Fostering Low-Income Homeownership

November 08, 2021

NEW YORK—On Thursday, November 18, the Federal Reserve Bank of New York will host a virtual event, “An Economy That Works for All: Fostering Low-Income Homeownership.” This multi-disciplinary event will feature the latest Federal Reserve research on mortgage forbearance and refinancing, as well as banking, lending, and neighborhood nonprofit leaders, who will detail the actions their organizations are taking to address inequities in homeownership.

Featured speakers include Jay Bacow, managing director at Morgan Stanley, who will discuss what the racial gap in homeownership has cost the economy; Bernell Grier, executive director of IMPACCT Brooklyn, which works to preserve affordable housing in Central Brooklyn; and Michael Loftin, chief executive officer of Homewise, which last year helped 290 families across New Mexico continue to make mortgage payments and stay in their homes.

Federal Reserve System researchers who will present include:

  • Andrew Haughwout, senior vice president and policy lead, Federal Reserve Bank of New York
  • Donghoon Lee, officer and research economist, Federal Reserve Bank of New York
  • Paul Willen, senior economist and policy advisory, Federal Reserve Bank of Boston

Community development and banking leader panelists include:

  • Noelle Melton, vice president of national homeownership programs and lending, NeighborWorks America
  • Patricia Sampson, vice president, Banco Popular
  • Cerita Battles, managing director, JPMorgan Chase

This event is on the record and will be available via livestream. For media inquiries, please contact Ellen Simon at the New York Fed:

For more information, and to register, please see our event page.
Date and time: November 18, 2021
10:00 a.m. EST

Ellen Simon
(347) 978-3036

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