NYC students facing foreclosure increases

TRD New York /
Oct.October 04, 2010 06:00 PM

The number of public school students living in homes that received a foreclosure notice during the 2006-2007 school year totaled 18,525, a 59 percent increase from the 2003-2004 academic year, according to report released today by NYU’s Furman Center for Real Estate and Urban Policy. The report, entitled “Kids and Foreclosures: New York City,” also found that 57 percent of students facing foreclosure are black, compared to just 33 percent of public school students in New York City as a whole. Half of students living in properties entering foreclosure in 2006-2007 attend just 17 percent of all city schools. On average, the schools with larger numbers of students facing foreclosures also have higher shares of students receiving free or reduced-price lunch and lower shares of students scoring proficient on standardized math and reading tests. The report also says that the largest number of foreclosures were concentrated in areas of Northern Brooklyn and Southeastern Queens. TRD


Related Articles

arrow_forward_ios
Nationwide foreclosures are at a 15-year low (Credit: iStock)

Foreclosures nationwide fell to 15-year low in 2019

494 Broadway and Thor Equities' Joe Sitt (Credit: Google Maps)

Thor faces foreclosure on site where lender says it’s seeking “unrealistic rents”

Maefield Development's Mark Siffin and 20 Times Square (Credit: Maefield)

Lender forecloses on Maefield’s billion-dollar Times Square project

From left: Stephen Ross, Scott Rechler, Maryanne Gilmartin, Marty Burger and William Rudin (Credit: Anuja Shakya for The Real Deal)

Unions at bay, but hostility for real estate worse than ever

Thor Equities' Joe Sitt and 725 8th Avenue (Credit: Google Maps)

Thor facing foreclosure at Theater District building

Home foreclosures dropped nearly 20% in Q3, report shows

Home foreclosures dropped nearly 20% in Q3, report shows

Manhattan’s 10019 zip code, which covers Midtown, Times Square, Herald Square and Midtown South, saw the most foreclosures in the borough with eight. (Credit: iStock)

Manhattan foreclosures soar 118%, driven by mortgage defaults

15 East 63rd Street and Oleg Cassini (Credit: Google Maps and Getty Images)

Oleg Cassini’s former UES headquarters faces foreclosure

arrow_forward_ios
Loading...