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October 23, 2008

Document Actions The impact of mortgage foreclosures on the immigrant population of Minneapolis

The impact of mortgage foreclosures on the immigrant population of Minneapolis
Ryan Allen, University of Minnesota, Humphrey Institute of Public Affairs

MPC Seminar Series
October 27, 2008
from 12:15 pm to 01:15 pm
MPC Seminar Room, 50 Willey Hall
Contact Email mpc@umn.edu
Contact Phone 612-624-8806

Abstract: In the decade prior to the recent home foreclosure crisis, immigrant households represented an important component of new homeowners in Minneapolis. Using data collected by Minneapolis Public Schools on the primary language spoken in the home as a proxy for nativity status, I identify which foreclosed properties between the years 2006 and 2008 were inhabited by immigrant households with school-aged children. The relative frequency of the language spoken in foreclosed homes indicates the foreclosure rates of specific immigrant groups. Further, a spatial analysis of the nativity status of households living in foreclosed properties reveals the extent to which the patterns of immigrant households in foreclosure matched the patterns of foreclosed homes overall. Results will help to inform future foreclosure prevention strategies among immigrant households.