In the News: Fall 2019

Cooperatives Battle Displacement in Buenos Aires

12/4/19 – Report published in NACLA Report on the Americas. Read the full report here.

“In one of South America’s largest cities, housing projects led and managed by grassroots groups create dignified homes and communities while promoting truly participatory processes of urban development.”

21CC sponsored research project “Alternative Models of Housing in Buenos Aires, Argentina” led by Valeria Procupez, lecturer of Anthropology, Johns Hopkins University and Maria Carla Rodriguez, professor of Urban Sociology, University of Buenos Aires was featured in a report in the North American Congress on Latin America Report on the Americas. Read the full report here.

JHU study reviews Baltimore police officer pay

11/13/19 – Originally published on WBAL. Watch the full story here.

“A new report shows a Baltimore police officer’s median pay is as high as that of a New York City police officer thanks in large part to overtime pay.

The report completed by the 21st Century Cities Initiative at Johns Hopkins University was sparked, its authors said, by a story about who leads the list of highest-paid city employees year after year.

Mac McComas co-authored a study of public sector pay recently released by the 21st Century Cities Initiative.

“From 2011 to 2018, the median total pay for a Baltimore police employee rose by 60%,” McComas said.

One of the study’s findings was that the median pay of a Baltimore police employee, $95,166, is almost the same as that of a New York City police employee, whose median pay is $95,473.”

Watch the full story here.

21st Century Cities Initiative hosts discussion on school integration in Baltimore

10/24/19 – Originally published in the JHU Newsletter. Read the full article here.

“Rucker Johnson, the Chancellor’s Professor of Public Policy at UC Berkeley, discussed his new book Children of the Dream: Why School Integration Works on Friday. Brandon Scott, Baltimore City Council president; Cristina Evans, chair of the Teacher Chapter of the Baltimore Teachers Union Executive Board; and Eric Rice, assistant clinical professor at the School of Education, served as respondents. The 21st Century Cities Initiative (21CC), an on-campus center focused on using big data to solve modern urban challenges, organized the event.” Read the full article here.

When Climate Change Leads to Mortgage Defaults

10/3/19 – Originally published in Bloomberg View. Read the full article here.

“Climate change poses risks to real estate that homebuyers may not be able to predict. As sea level rises, coastal properties, for example, may be subject to increased flooding and intensifying storm surges. First-time homebuyers often lack the expertise to evaluate these new risks, and thus tend to underestimate them and overpay for increasingly exposed properties.

Unfortunately, the risks they accept are not borne by themselves alone. Rather, our research has found, it is shared by mortgage lenders and, through the operations of Freddie Mac and Fannie Mae, American taxpayers.” Read the full article here.

Climate change could impact your mortgage even if you live nowhere near a coast

9/30/19 – Originally published in Marketwatch. Read the full article here.

“Some banks are cutting their own climate-change exposure by selling riskier disaster-area mortgages to taxpayer-supported entities.

That puts the health of the mortgage market at risk, a potential repeat of the financial conditions at the root of the banking crisis a decade ago, a research paper published Monday argues.”

Read the full article here.

U.S. taxpayers are at risk for homes threatened by climate change

9/30/19 – Originally published in CBS News. Read the full article here.

“Banks are selling mortgages on homes in coastal areas around the U.S. that are vulnerable to natural disasters to Fannie Mae and Freddie Mac, a study finds.

That could leave taxpayers footing the bill because the two government-sponsored enterprises buy the mortgages without adequately accounting for the heightened property risks.

“Climate change could lead to a ‘Big Short’ kind of crisis,” one of the study’s authors said.”

Read the full article here.

Mortgage Lenders Are Shifting Climate Risks Onto Taxpayers, Study Finds

9/27/19 – Originally published in the NY Times. Read the full article here.

“Mr. Ouazad, along with his co-author Matthew Kahn, a professor at Johns Hopkins University, examined the behavior of mortgage lenders in areas hit by hurricanes between 2004 and 2012, each of which caused at least $1 billion in damages. They found that, after those hurricanes, lenders increased by almost 10 percent the share of those mortgages that they sold to Fannie Mae and Freddie Mac, government-sponsored enterprises whose debts are backed by taxpayers. ” Read the full article here.

A House Divided: Geographic Disparities
in Twenty-First Century America

10/5/19 – 21CC Director Matthew Kahn will speak at the Federal Reserve Bank of Boston’s 63rd Economic Conference on October 5, A House Divided: Geographic Disparities in Twenty-First Century America about Alternative Approaches to Measuring the Quality of Life. Read the paper he will discuss here.

Henry Hart Rice Urban Policy Forum: The Urban Climate Change Resilience Challenge

10/2/19 – 21CC Director Matthew Kahn will be giving the Henry Hart Rice talk at NYU on October 2, titled The Urban Climate Change Resilience Challenge. Learn more here.

Radio Health Journal: Heat and Violence

9/22/19 – Originally published in the Radio Health Journal. Listen to the full podcast here.

Violence increases as temperatures rise in the summer, but are higher temperatures a cause of aggression? New research shows that the answer is yes, especially in family conflict, and that poor neighborhoods bear the brunt of the relationship. Researchers discuss the synergy between poverty, heat, and aggression, and speculate that a warmer world in the future could be a more violent one. Listen to the interview with Matthew Kahn here.

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