Financing multifamily rental housing: The changing role of lenders and investors

Abstract

A broad consensus exists that there are significant barriers to accessing capital markets for multifamily rental housing, particularly for housing targeted at low‐and moderate‐income households. While there is a growing secondary market for multifamily mortgages, the market is in the early stages of development and remains quite small. Expanding this market requires increasing standardization of mortgages, increasing credit quality with better underwriting and credit enhancement, and educating investors as to the risks and returns of multifamily investments. In addition, dramatically improved data collection on the performance of multifamily investments and analysis on the determinants of success are needed.     

The Russian Election of 1993: Public Opinion and the Transition Experience

Two British specialists on Russia report the results of a nationwide survey of 2,030 Russian adults, randomly chosen from each of 50 provinces of the Russian Federation. A survey instrument containing 300 questions was administered in face-to-face interviews during summer 1993, and explored attitudes toward the market, privatization, social order, minority rights, and nationalism. Testing three alternative explanations for the results of the December 1993 Russian elections, the authors present a nuanced argument that the Russian public has been drawing negative lessons about market democracy from the transition itself, as experienced since January 1992. A higher voter turnout, they find, would have augmented the strength of anti-government parties and candidates. Journal of Economic literature, Classification Numbers: H19, P29     

Promoting Learning and Critical Reflexivity Through an Organizational Case Study Project

Engaging students directly with community partners can foster deeper learning and critical reflexivity. In our undergraduate seminar in “Understanding Human Service Organizations,” we developed a community-based project that has students working in groups to study local human service organizations. Students interview organizational staff, observe operations, and review documents to identify perceived organizational strengths and challenges and offer humble solutions based on course material and outside research. A key component of the course is the critically reflexive journal. Using a structured reflection guide, students describe and analyze their experience in relation to class concepts and examine their personal beliefs and assumptions. This approach is one teaching strategy that has the potential for promoting the critical awareness and reflective practice skills we seek in our students.     

The Ludwig Martens–Maxim Litvinov Connection, 1919–1921

Research began when the author realized that Antony Sutton had misidentified the author of a key document published in his Wall Street and the Bolshevik Revolution (1974). This article reports on the interception by federal agents of the document (a letter) brought from the Copenhagen office of Soviet diplomat Maxim Litvinov and intended for Kenneth Durant who was employed by Ludwig Martens, Lenin's unrecognized representative in New York City. Analysis of the letter revealed the true author and opened a research channel for learning more about the backgrounds of three Soviet agents: Bornett Bobroff, Nora Hellgren, and Wilfred Humphries.     

Contrast Enhancement of Bite Mark Images Using the Grayscale Mixer in ACR in Photoshop®

Enhanced images may improve bite mark edge definition, assisting forensic analysis. Current contrast enhancement involves color extraction, viewing layered images by channel. A novel technique, producing a single enhanced image using the grayscale mix panel within Adobe Camera Raw^®, has been developed and assessed here, allowing adjustments of multiple color channels simultaneously. Stage 1 measured RGB values in 72 versions of a color chart image; eight sliders in Photoshop^® were adjusted at 25% intervals, all corresponding colors affected. Stage 2 used a bite mark image, and found only red, orange, and yellow sliders had discernable effects. Stage 3 assessed modality preference between color, grayscale, and enhanced images; on average, the 22 survey participants chose the enhanced image as better defined for nine out of 10 bite marks. The study has shown potential benefits for this new technique. However, further research is needed before use in the analysis of bite marks.     

Partner Violence in Women's Prison: The Social Consequences of Girlfriend Fights

In this article, we use qualitative interviews with female inmates to examine how these women describe the consequences of girlfriend fights in prison. We find that they describe these fights as both social and pervasive. We also find that those who were counseled by staff members describe being empowered by the event. We argue that prison officials must use better methods of identifying and addressing partner violence in prison. We also recommend the use of widespread programs aimed at reducing partner violence.     

Temperance Culture and the Repression of Scientific Inquiry Into Illegal Drug‐Altered States of Consciousness

American scientific inquiry into the understandings of drug‐altered states of consciousness is underdeveloped primarily because government regulations embedded within a temperance culture has repressed it. Despite preliminary evidence of the therapeutic value of altered states of consciousness associated with the use of illegal drugs to both physical and mental health, science has been able to do little to understand this potential. Within this essay, we examine the influence of this temperance culture on government regulations and its impingement on scientific practice in the study of illegal drug‐altered states of consciousness as the explanation for much of the failure of science to adequately explore these lines of inquiry. Much of our analysis is based upon examples from research in the area of alcohol studies, as the temperance movement arose primarily in response to this particular drug.     

The effects of different paraphrasing styles on the quality of reports from young child witnesses

The link between criminal attitudes and behavior is well established throughout the literature. We know, for example, that offenders have higher levels of criminal attitudes than non-offenders. However, it is also likely that individual differences in criminal attitudes exist among offenders. The aim of the study is to explore the unique contribution of (1) individual, (2) criminal career, and (3) social characteristics to individual differences in criminal attitudes. Data were used from the Prison Project, a large-scale study among prisoners in all Dutch remand centers (N = 1612). Hierarchical linear regression models were used to identify factors associated with two types of inmates' attitudes. Among the most salient relationships with criminal attitudes were having more agreeable personality traits, having a criminogenic social network, and having experienced more prior incarcerations. Criminal history and social characteristics had the most salient links with criminal attitudes. The results seem to support the idea that criminal behavior is learned in interaction with criminal others, which is in line with the ideas of differential association and reinforcement. The current study might serve as a starting point for individually oriented prison intervention strategies and rehabilitation efforts based on specific offender characteristics.     

Encryption and the first amendment

Recently, only secret government agencies were concerned about cryptography. It now is an important matter for many individuals and businesses who use the Internet. That has led to an intense effort on the part of several governmental agencies to control cryptography. This article provides an explanation of the evolution of cryptography, a synopsis of the evolving cryptography debate, an examination of the different interests represented within the debate and a framework for analyzing the First Amendment issues that are involved. The paper applies the framework to the Clinton administration's initiatives and finds them unconstitutional.