Rutgers CLiME

Earlier this year, CLiME released a report that was the result of a collaboration to assess property owned by the City of Newark. "What we found was a gold mine of opportunity to address critical policymaking needs with the city’s undesignated property," said Director David Troutt.

Read more here:

Study Finds ‘Gold Mine’ of City-Owned Land in Newark Could Benefit Public Study Finds ‘Gold Mine’ of City-Owned Land in Newark Could Benefit Public.

‘Redlining Is Racist’: $12 Million Settlement Ends Lending Inquiry Lakeland Bank in New Jersey admitted no wrongdoing, but agreed to set up a $12 million homeownership fund and open two new branches in minority neighborhoods.

Read about the publications CLiME released this year, upcoming work, and recent news highlights:
https://myemail.constantcontact.com/CLiME-s-Year-in-Publications.html?soid=1109696887844&aid=5pa1rSrQUvA

As investor buyers target predominantly Black residential neighborhoods across many American cities, CLiME releases its investigative report on the unprecedented impact this trend is having on 1-4 unit homes in Newark, New Jersey. In Who Owns Newark? Transferring Wealth from Newark Homeowners to Corporate Buyers, David Troutt and Katie Nelson tell the detailed story of large-scale rent seeking by investors, taking advantage of the city’s foreclosure crisis, high percentage of renters and declining homeownership rate. Among the first neighborhood-level analyses of an American city for sale to outside investors, Who Owns Newark? highlights the risks this trend poses for renters, low-income residents, first-time homeowners and a city seeking neighborhood stability and offers recommendations for how local governments can regulate in the public interest.

Read Who Owns Newark? here:

Who Owns Newark? Transferring Wealth from Newark Homeowners to Corporate Buyers — Rutgers Law School Center on Law, Inequality and Metropolitan Equity This report shows that the national trend in investor buying of 1-4 unit homes in predominantly Black neighborhoods is most acute in Newark, New Jersey where almost half of all real estate sales were made by institutional buyers. The trend grew out of the foreclosure crisis that wiped out significan

Mayor Baraka Proposes Changes to Inclusionary Zoning Ordinance in Order to Create Additional Affordable Housing

"The research and advice of Commissioner David Troutt, who co-authored, Homes Beyond Reach: An Assessment and Gap Analysis of Newark's Affordable Rental Stock, released in February by the Rutgers Center on Law, Inequality and Metropolitan Equity was central to the development of the IZO amendment. Dr. Troutt’s report detailed the affordability gaps in Newark’s rental stock. "

News: MAYOR BARAKA PROPOSES CHANGES TO INCLUSIONARY ZONING ORDINANCE IN ORDER TO CREATE ADDITIONAL AFFORDABLE HOUSING Official Page of Newark, NJ News: MAYOR BARAKA PROPOSES CHANGES TO INCLUSIONARY ZONING ORDINANCE IN ORDER TO CREATE ADDITIONAL AFFORDABLE HOUSING

CLiME collaborated with the New Jersey State Policy Lab on a report examining the challenges that local governments faced when trying to quickly distribute emergency rental assistance during the pandemic.

Read report here:

The New Jersey Housing Crisis in a COVID Era: Mapping Strategic Processes — Rutgers Law School Center on Law, Inequality and Metropolitan Equity Affordable housing is increasingly scarce within the United States, and COVID-19 has dramatically exacerbated the simmering crisis in affordable housing. In New Jersey, the risk of eviction is greater than across the country, as 393,000 households are delinquent on their rent, (22.3% of households i