Estimating mortgage prepayments and defaults in older federally assisted rental housing and the possible costs of preventing them

Abstract

An issue now facing the federal government is whether and, if so, how to intervene to prevent mortgage prepayments and defaults on federally assisted low‐income rental units. This paper presents the preliminary estimates of the potential scope of the problem in terms of the possible incidence and timing of these actions, and the costs of preventing them. The estimates are based on modified versions of the model developed for the National Low Income Housing Preservation Commission's study, Preventing the Disappearance of Low Income Housing.

An intermediate version of the modified model predicts 45 percent fewer defaults, 154,000 versus 280,000 units, and 45 percent lower total costs for preventing defaults, $4.6 billion versus $8.4 billion. On the other hand, 16 percent more prepayments are predicted, 283,000 versus 243,000 units. Estimated total costs for preventing prepayments are 17 percent lower, however — $8.5 billion versus $10.3 billion.     

Gender in the Social Sciences

Abstract

This paper considers the three main ways in which social scientists are concerned with gender—as a field of study, as an analytical tool and as a social phenomenon structuring the social sciences themselves. It begins with a reconsideration of a report I wrote for the Academy of Social Sciences in Australia in 1998 on gender in the social sciences, and moves on to consider what has changed since then, emphasising the substantial internationalisation of Australian scholarship in thinking, method, focus, collaboration and communication. With the growing alliance of gender studies with cultural studies and the transformation of the latter from an interdisciplinary project into a new discipline, I suggest, feminist scholarship has become much more disciplinary in focus. For this reason, it has become important to understand why it is that women have found it much harder to achieve parity with men in some disciplines than others, and why it is that within disciplines, there remain strong gender differences. It concludes by observing that the vitality of gender scholarship depends significantly on its continuing engagement with public concerns and issues.     

Diversity in times of austerity: documenting resistance in the academy

What happens to feminism in the university is parallel to what happens to feminism in other venues under economic restructuring: while the impoverished nation is forced to cut social services and thereby send women back to the hierarchy of the family, the academy likewise reduces its footprint in interdisciplinary structures and contains academic feminists back to the hierarchy of departments and disciplines. When the family and the department become powerful arbiters of cultural values, women and feminist academics by and large suffer: they either accept a diminished role or are pushed to compete in a system they recognize as antithetical to the foundational values of feminist priorities of social justice. Collaborative work to nurture diversity and interdisciplinarity does not register as individual accomplishment. This paper considers the necessity of this type of academic work to further the vision of a society committed to the collective values espoused by feminism and other areas in social justice.