Research Scholar (Furman Center)
Ioan Voicu is a Research Scholar for the Furman Center. He received his M.A. in Economics from Rutgers University in 1996, and his Ph.D. in 2000. Ioan's dissertation was entitled "The Determinants and Effects of Foreign Direct Investment in Romania." He received an M.A. in Economics with Distinction from the Central European University in Prague, Czech Republic in 1994, and his M.Sc. in Mechanical Engineering (with honors) from the Polytechnic Institute in Bucharest, Romania in 1988. At Rutgers, he won the Sidney Brown Prize in Economics for best student in first two years of graduate study, and the Peter Asch Memorial Prize for outstanding dissertation work. He also received a NAFSA Fellowship and a OSI-CEU Fellowship.
Ioan served as an Adjunct Assistant Professor at the Center for Urban Policy Research at Rutgers University from 1996-2000. At CUPR, he participated in the construction of the State of the Nation Cities Database, performed empirical analysis of: racial discrimination in the U.S. mortgage lending markets for U.S. Department of Housing and Urban Development, studied the potential and limitations of mortgage innovation in fostering homeownership in the U.S. for the Fannie Mae Foundation, studied housing condition and rehabilitation needs for the U.S. Department of Housing and Urban Development, and analyzed the self-employment patterns of immigrants in the U.S. As a Visiting Researcher for the Institute for Advanced Studies in Vienna, in 1994 and 1997, Ioan performed econometric analysis of: determinants of location for high-growth industries in the US for the Austrian Business Agency and studied firm-level determinants of foreign direct investment in Romania. In addition to the many publications he has participated in at the Furman Center, he has published widely on the issues he studied at CUPR and the Institute for Advanced Studies.
Communities across New York City and around the nation commonly oppose proposals to open supportive housing in their neighborhoods because of fear that the housing will decrease the quality of life in the neighborhood, and lead to reductions in property values. This study aims to give supportive housing providers and local government officials the objective, credible information they need to guide policy decisions and to respond to opponents' fears and arguments. Using a difference-in-difference regression model to isolate the effect of supportive housing from more general macro and micro market trends and neighborhood variations, this paper examines the impact that almost 14,000 units of supportive housing created in New York City over the past twenty five years have had on their host neighborhoods over time.
In a preliminary analysis, we find little evidence that supportive housing facilities diminish the value of surrounding properties. We find evidence that prices of properties surrounding supportive housing facilities are lower than comparable properties in the same neighborhood prior to the opening of the facility, and that this gap tends to narrow following the opening of a facility. Specifically, the preliminary analysis suggests that modestly-sized supportive housing developments (which are typical in New York City) may have small, positive impacts on neighboring property values, though these positive impacts decline as project size increases. Very large facilities may have negative impacts on the surrounding neighborhood.
Voicu, I. & Gedal, M. 2006. Recent Trends in the Availability and Affordability of Housing in New York City State of New York City's Housing and Neighborhoods Report, Furman Center for Real Estate and Urban Policy, New York University, June
A broad range of interests - from affordable housing advocates to businesses worried about their workforce - are increasingly concerned that housing affordability in the City is declining rapidly, and that at least one of the causes of that decline is a shortage of housing in the City. In this chapter we use the most recent data from the 2005 New York City Housing and Vacancy Survey (HVS) to assess these concerns. First, we examine changes in affordability over the last three years, and do find a striking decrease in the number of units that are affordable to lower-income City residents. Second, we analyze the balance between the demand for, and supply of, housing in the City by looking at the extent to which the housing stock has grown relative to changes in population in recent years. After looking at those trends, we offer a snapshot assessment of the size of the