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Featuring Alanna McCargo, Vice President, Housing Finance Policy, Urban Institute, Martin Muoto, Founder and CEO, SoLa Impact, Lisa Rice, President and CEO, National Fair Housing Alliance, and moderated by Professor Chris Mayer, Co-Director, Paul Milstein Center for Real Estate, this discussion provided foundational context about the history of housing segregation, redlining and housing finance inequality, highlighted systems which have perpetuated discrimination in fair housing and fair lending, and provided examples of how data assets can be measured and used more explicitly to make changes to current policy, dismantle disparate impact, and expand opportunities. The conversation unpacked the racial disparity in wealth accumulation and its direct correlation to home and property ownership, and specifically highlighted for the next generation of business leaders in attendance how the alignment and accountability of institutions and investors can influence outcomes and drive change.
Tomasz Piskorski, Edward S. Gordon Professor of Real Estate at Columbia Business School discusses the current impact and long term implications of the COVID-19 pandemic on real estate markets, including both commercial and residential assets. The presentation discusses the real estate debt markets, as well as the recent rise in mortgage delinquencies and forbearances.
Sponsored by the Columbia University Office of Work/Life, Chris Mayer, Co-director, Paul Milstein Center for Real Estate and Paul Milstein Professor of Real Estate, presented a realistic perspective and projected short and long-term expectations for the future of NYC real estate.
Robert Reffkin ’03, founder and CEO of Compass, discusses with Professor Christopher Mayer his optimism about the present and future of the housing market and emphasizes the importance of building a company that focuses on inclusivity.