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Washington, D.C. – UNC Center for Community Capital director Roberto G. Quercia joins a panel of national experts Sept. 1 for a Federal Reserve Board forum to examine the future of the housing market.

Quercia will speak on “The Decision to Own: Smart Leverage or Unnecessary Risk?” The panel will examine lessons learned from the foreclosure crisis and the implications for lending broadly as well as to low-income and low-asset families, and how to address the homeownership gap by race and household wealth.

Quercia’s remarks will track findings about what really caused the foreclosure crisis and how to rebuild a sustainable housing finance market discussed in his new book, “Regaining the Dream: How to Renew the Promise of Homeownership for America’s Working Families,” co-authored with center research colleagues Allison Freeman and Janneke Ratcliffe.

Joining Quercia on the panel are George McCarthy, director of the Metropolitan Opportunity Unit of The Ford Foundation, a key player in funding the affordable mortgage program highlighted in the book; Stella Adams, director of the Patricia Roberts Harris National Fair Housing Training Academy; Karen Pence, assistant director of the Division of Research and Statistics for the Federal Reserve Board of Governors; and Paul Willen, senior economist and policy advisor for the research department at the Federal Reserve Bank of Boston. Moderator will be Ray Boshara, senior advisor for the Federal Reserve Bank of St. Louis.

The panel is part of a daylong forum, “The Housing Market Going Forward:  Lessons from the Recent Crisis,” hosted by the Federal Reserve to examine key questions in the wake of the collapse of U.S. housing and mortgage effects and the subsequent “calamitous effects” on the U.S. economy and millions of individual households.

The UNC Center for Community Capital is the leading center for research and policy analysis on the transformative power of capital on households and communities in the United States. Part of the College of Arts and Sciences at the University of North Carolina at Chapel Hill, the center offers data and analysis that helps policymakers, advocates and the private sector find sustainable ways to expand economic opportunity to more people more effectively. For more information, visit or call (919) 843-2140.

Topics(s): Affordable Homeownership, Mortgage Finance
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