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Recent Publications

Designing a Municipal Stress Test: Early Signals from NYC

Author: Benjamin Weiser, Bruce Katz

The Trump Administration’s policy shifts have created financial uncertainty for cities and states. NYC’s Comptroller analyzed the city’s reliance on federal funds, highlighting risks to entitlement programs, public services, and infrastructure. This model can help other municipalities assess their fiscal exposure. With federal cuts now a reality, local governments must prepare for the impact.

A Housing Reality Check

Author: Benjamin Preis, Bruce Katz, Michael Saadine

The U.S. housing system, long supported by consistent federal policies, faces unprecedented uncertainty due to recent government shifts. While programs like the Low-Income Housing Tax Credit and Housing Choice Vouchers have historically underpinned affordable housing, new administrative actions threaten to disrupt this stability.

Do Cities Need a Wartime Consigliere?

Author: Bruce Katz

In light of recent federal disruptions, cities and metropolitan areas must unite and take charge to protect their economies and residents. Local leaders need to organize quickly, collaborate across sectors, and adapt to the challenges ahead. This new localism requires agility and coordination to defend against federal changes, leverage opportunities, and ensure long-term prosperity. The time to act is now.

Housing for Chips

Author: Benjamin Preis, Bruce Katz, Michael Saadine

Housing investment lags as private capital prioritizes data centers amid AI growth. Despite a shortfall of over 20 million units, systemic barriers like overregulation and high costs deter new development. A complete reimagining of the housing ecosystem is crucial to address this urgent need and unlock its potential as a major investment opportunity.

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About the Nowak Lab

To contact the Nowak Metro Finance Lab or any of our staff, please email nowaklab@drexel.edu or lindyinstitute@drexel.edu.