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.

“The initiative, ‘Equitable Investments in Newark Communities’ is a response to reports by the Rutgers Center on Law, Inequality and Metropolitan Equity (CLiME) and the NJ Institute for Social Justice that document the enormous wealth gap between white and black/brown families in New Jersey. The reports also show that homeownership, the major path for families to build wealth, is being eroded in Newark by the widespread purchase of residential properties by corporate buyers.”

News: NEWARK SEEKS EXPERIENCED CONTRACTORS, DEVELOPERS, NON-PROFITS FOR MAJOR NEW EQUITABLE GROWTH HOUSING INITIATIVE Official Page of Newark, NJ News: NEWARK SEEKS EXPERIENCED CONTRACTORS, DEVELOPERS, NON-PROFITS FOR MAJOR NEW EQUITABLE GROWTH HOUSING INITIATIVE

‘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.

CLiME Director, Professor David Troutt, comments in NYT article about Lakeland Bank's settlement based on allegations of redlining by Justice Department. “Accountability has been almost entirely missing in discussions of redlining, past and present.”
https://www.nytimes.com/2022/09/28/nyregion/redlining-is-racist-12-million-settlement-ends-lending-inquiry.html?smid=url-share

The report, "Who Owns Newark?" that is mentioned in the article is available here: https://www.clime.rutgers.edu/publications-filtered/who-owns-newark

‘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.

The Rutgers Law School Center for Law, Inequality and Metropolitan Equity (CLiME) is hiring Senior Research Fellows! Please check out the available positions below:

Senior Research Fellow - Public Health & Equity
https://jobs.rutgers.edu/postings/182454
Senior Research Fellow - Equitable Finance & Econ Analysis
https://jobs.rutgers.edu/postings/182455
Senior Research Fellow - Housing Policy, Law & Community Dev't
https://jobs.rutgers.edu/postings/182453

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

“Housing stability is really the essence of family stability and workplace stability,” Troutt said. “It affects child welfare, peoples’ access to schools, healthcare, and the experience of their lives without so much stress that they can’t figure out what their next move is going to be.”

Read more about Newark's plan to commit $20 million to affordable housing and CLiME's recent research on housing trends in the city:

Newark Commits $20M In Affordable Housing Projects Across City NEWARK, NJ — Newark officials are investing $20 million into multiple development projects through an initiative to make affordable housing more accessible to residents earning less than the area...

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

How can states incentivize economic growth where it’s most needed? What would equitable tax incentive policy look like? CLiME’s collaboration with SPAA scholars details the state of New Jersey’s business tax incentives through the lens of equity. Read Investing in the Equitable State here:

Investing in the Equitable State: How New Jersey’s Tax Incentive Programs Fail to Bring Equitable Growth — Rutgers Law School Center on Law, Inequality and Metropolitan Equity This report and accompanying matrix are a critical evaluation of New Jersey’s tax incentives programs through the policy lens of equitable growth. Persistent inequality between New Jersey’s communities and households hurts all of New Jersey. We assumed that the expenditure of taxpayer dollars fo...

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

CLiME Director, Professor David Troutt joined a Black History Month symposium hosted by Mount Zion Baptist Church last week to discuss "strategies for combating residential segregation and inequality and creating a better future."

Read more about the event here:

Pastor brings his Black History Month teach-in series to a close for the year PLEASANTVILLE — A local pastor brought his Black History Month teach-ins to a close by discussing strategies for combating residential segregation and inequality and creating a better future.