Fair housing can and should be a centerpiece of efforts to expand economic opportunity, asserted Dr. Raphael Bostic, President and CEO of the Federal Reserve Bank of Atlanta, who gave the 18th Annual John T. Dunlop Lectureat the Harvard Graduate School of Design on Tuesday, April 10 (watch video). His talk, on the past, present, and future of the Fair Housing Act, was given one day before the 50th anniversary of President Lyndon B. Johnson signing the measure.
Bostic, who also served as Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development (HUD) from 2009 until 2012, explained that decades of research show the strong positive impacts that neighborhoods can have on children’s education and future earnings. Given this, he noted, it is in everyone’s interest to support efforts to expand opportunities for all families. “Fair housing is a key to economic mobility,” he explained. “It is an economic development issue as well as a community and personal development issue.” …
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Source: Housing Perspectives (from the Harvard Joint Center for Housing Studies)