This report, the first produced under a 2017 City Council law that turns to IBO to issue periodic reports on New York City economic development tax expenditures, looks at the efficiency and effectiveness of two programs: Commercial Revitalization & Commercial Expansion.
The report identifies and examines seven factors that are associated with student loan default among New Yorkers, while also highlighting trends across New York City neighborhoods.
The Report’s findings show that although New Yorkers’ delinquency and default rates are slightly lower than the national average, certain NYC neighborhoods are experiencing significantly higher rates of delinquency and default despite the fact that their residents have low average loan balances.
The Study is one of the first field research initiatives in New York City to look specifically at the financial needs and practices of recent immigrants. The full report is a comprehensive overview of the data, analysis, and key findings.