Summary: News Release
U N I V E R S I T Y O F H O U S T O N
Office of University Communication Houston, TX 77204-5017 Fax: 713/743-8199
FOR IMMEDIATE RELEASE Contact: Marisa Ramirez
Nov. 21, 2008 713/743-8152 (office)
CENTER FOR PUBLIC POLICY AT UH TO STUDY HOUSTON HOUSING MARKET, FORECLOSURE
National Science Foundation Grant to Help Create Comprehensive Houston Area Real Estate Database
HOUSTON, Nov. 21, 2008--The University of Houston Center for Public Policy (CPP) is the recipient of a grant from
the National Science Foundation to study Houston's regional housing market, particularly significant in the wake of the
nation's crisis among leading financial institutions.
The $49,500 grant will be used to create the Regional Real Estate Database, a unique and comprehensive real
estate database of the Houston region that will help researchers begin to understand the complexities and causes of
foreclosure. The information also is intended to be a resource for policymakers.
"The combination of slow housing sales, declining home prices, restrictive mortgage-lending criteria and a
slowing economy has placed the nation in the throes of a major housing market correction," CPP director Jim Granato
said. "In early September the crisis deepened with the nationalization of Fannie Mae and Freddie Mac."
The project, done in partnership with the UH Institute for Regional Forecasting (IRF), will work in stages