Borrowing to Live: Consumer and Mortgage Credit Revisited

Nicolas P. Retsinas; Eric S. Belsky

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Book | 2008

Borrowing to Live: Consumer and Mortgage Credit Revisited

by Nicolas P. Retsinas and Eric S. Belsky

Keywords: Borrowing and Debt; Customers; Credit; Mortgages;

Format: Print

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Citation:

Retsinas, Nicolas P. and Eric S. Belsky, eds. Borrowing to Live: Consumer and Mortgage Credit Revisited. Brookings Institution Press, 2008.

More from these Authors

Case | HBS Case Collection | June 2014 (Revised November 2015)

Via Verde

Arthur I Segel, Nicolas P. Retsinas, Philip Berkman, Sean Liu, Jared Katseff and Shawn Tuli

Developers Jonathan Rose and Adam Weinstein were trying to determine which of three proposals to submit to the city of New York in response to a RFP to create an affordable housing project in the South Bronx. The site, referred to as Via Verde, was a 1.5-acre triangular brownfield in one of the poorest neighborhoods in New York City. It was 2006 and the housing market was peaking but had not yet crashed. Both Rose and Weinstein were experienced developers of low-income housing, the former as CEO of the Jonathan Rose Companies, a national developer, and the latter as CEO of Phipps Houses, the largest non-profit developer and manager of low-income housing in NYC. The three proposal options differed in their risk and return profiles for the developers, and differed in how much they incorporated health-oriented, mixed-income living for the residents.

Keywords: Jonathan Rose Companies; affordable housing; Property; Real Estate Industry; United States;

Citation:
Segel, Arthur I., Nicolas P. Retsinas, Philip Berkman, Sean Liu, Jared Katseff, and Shawn Tuli. "Via Verde." Harvard Business School Case 214-105, June 2014. (Revised November 2015.) View Details

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Background Note | HBS Case Collection | June 2014 (Revised April 2015)

Affordable Housing and Low-Income Housing Tax Credits in the United States

Arthur I Segel and Nicolas P. Retsinas

This background note explores the basic themes surrounding the government's approach to providing housing: namely its shift from a supplier and builder of affordable housing to an approach that focuses on demand-side solutions and indirect subsidies to private developers. In addition to a shift from supply-based to demand-based solutions, there is an on-going debate about whether to provide people-based or place-based solutions. The above shift and debate reflects the troubles encountered in the original urban renewal efforts, and the desire today to provide affordable housing that is close to jobs and transportation, that is mixed-income, and contextual to its surrounding development.

Keywords: Housing; Welfare or Wellbeing; Government and Politics;

Citation:
Segel, Arthur I., and Nicolas P. Retsinas. "Affordable Housing and Low-Income Housing Tax Credits in the United States." Harvard Business School Background Note 214-107, June 2014. (Revised April 2015.) View Details

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Teaching Plan | HBS Case Collection | January 2015

Residencial Los Andes

Nicolas P. Retsinas and Lisa Strope

In 2011, Mauricio Levitin and Josef Preschel, Managing Directors of Peninsula Investments Group (Peninsula) are deciding whether or not to recapitalize an equity investment in Residencial Los Andes, a residential development project in Santiago, Chile, or exit and take a substantial loss. The project has not meet its sales goals and the bank is pressuring the investors to liquidate the construction loan. Early on, Peninsula had identified Chile as a target market. However, in investing in Residencial Los Andes, Peninsula made several exceptions to its investment strategy for entering a new market. The case addresses what went wrong in Peninsula's decision process to invest, the evolution of the project and what measures need to be taken if Peninsula agrees to increase its capital commitment.

Keywords: real estate; Property; Real Estate Industry; Chile;

Citation:
Retsinas, Nicolas P., and Lisa Strope. "Residencial Los Andes." Harvard Business School Teaching Plan 215-056, January 2015. View Details

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Faculty & Research

Borrowing to Live: Consumer and Mortgage Credit Revisited

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