People

Through the Faculty Fellows Program, the Institute fosters an environment that encourages cross-disciplinary connections and nurtures a collaborative spirit among faculty across the 12 schools. This program identifies faculty with a demonstrated interest in urban research and provides research and communication services.

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Fellow

Raphael Bostic

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President and Chief Executive Officer, Federal Reserve Bank of Atlanta

    About

    Dr. Raphael Bostic is the President and Chief Executive Officer, Federal Reserve Bank of Atlanta. He was formerly the Judith and John Bedrosian Chair in Governance and the Public Enterprise at the Sol Price School of Public Policy at the University of Southern California, and served for 3 years in the Obama Administration as the Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development. In that Senate-confirmed position, Dr. Bostic was a principal advisor to the Secretary on policy and research, with the goal of helping the Secretary and other principal staff make informed decisions on HUD policies and programs, as well as budget and legislative proposal. Bostic led an interdisciplinary team of 150 which had expertise in all policy areas of importance to the department, including housing, housing finance, rental assistance, community development, economic development, sustainability, and homelessness, among others. During his tenure and with his leadership, PD&R funded more than $150M in new research, became an important advisory voice on departmental budget and prioritization decisions, and reestablished its position as a thought leader on policies associated with housing and urban development. Dr. Bostic arrived at USC in 2001, where he served as a professor in the University of Southern California’s School of Policy, Planning, and Development. His work spans many fields including home ownership, housing finance, neighborhood change, and the role of institutions in shaping policy effectiveness. A particular emphasis has been on how the private, public, and non-profit sectors interact to influence household access to economic and social amenities. His work has appeared in the leading economic, public policy, and planning journals. He was Director of USC’s Master of Real Estate Development degree program and was the founding director of the Casden Real Estate Economics Forecast. Prior to that, he worked at the Federal Reserve Board of Governors, where his work on the Community Reinvestment Act earned him a Special Achievement Award. In an earlier stint at HUD, Dr. Bostic served as a special assistant to Susan Wachter when she served as the Assistant Secretary for PD&R. He earned his Ph.D. in Economics from Stanford University and his BA from Harvard University.

    Selected Publications

    Bostic, R.W., & Molaison, D., Hurricane Katrina: Devastation, Possibilities and Prospects; Economic and Risk Assessment of Hurricane Katrina, USC CREATE book; Forthcoming.

    Bostic, R. W., & Ellen, I. G., Introduction: Special Issue on Housing Policy in the United States; Journal of Housing Economics, 24, 1-3; 2014.

    Bostic, R., CDBG at 40: Opportunities and obstacles; Housing Policy Debate, 24(1), 297-302. doi:10.1080/10511482.2013.866973 ; 2014.

    Bostic, R.W., Resilient Economic Development: Challenges and Opportunities; University of Illinois Chicago Urban Forum, M. Pagano (editor), University of Illinois Press; 2014.

    Bostic, R. W., & McFarlane, A., The Proposed Affirmatively Furthering Fair Housing Regulatory Impact Analysis; Cityscape: A Journal of Policy Development and Research, 15(3), 257; 2013.

    Bostic, R.W., Thornton, R.L., Rudd, E.C., & Sternthal, M.J., Health in All Policies: The Role of the US Department of Housing and Urban Development and Present and Future Challenges; Health Affairs, 31(9), online; 2012.

    x

    President and Chief Executive Officer, Federal Reserve Bank of Atlanta

      About

      Dr. Raphael Bostic is the President and Chief Executive Officer, Federal Reserve Bank of Atlanta. He was formerly the Judith and John Bedrosian Chair in Governance and the Public Enterprise at the Sol Price School of Public Policy at the University of Southern California, and served for 3 years in the Obama Administration as the Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development. In that Senate-confirmed position, Dr. Bostic was a principal advisor to the Secretary on policy and research, with the goal of helping the Secretary and other principal staff make informed decisions on HUD policies and programs, as well as budget and legislative proposal. Bostic led an interdisciplinary team of 150 which had expertise in all policy areas of importance to the department, including housing, housing finance, rental assistance, community development, economic development, sustainability, and homelessness, among others. During his tenure and with his leadership, PD&R funded more than $150M in new research, became an important advisory voice on departmental budget and prioritization decisions, and reestablished its position as a thought leader on policies associated with housing and urban development. Dr. Bostic arrived at USC in 2001, where he served as a professor in the University of Southern California’s School of Policy, Planning, and Development. His work spans many fields including home ownership, housing finance, neighborhood change, and the role of institutions in shaping policy effectiveness. A particular emphasis has been on how the private, public, and non-profit sectors interact to influence household access to economic and social amenities. His work has appeared in the leading economic, public policy, and planning journals. He was Director of USC’s Master of Real Estate Development degree program and was the founding director of the Casden Real Estate Economics Forecast. Prior to that, he worked at the Federal Reserve Board of Governors, where his work on the Community Reinvestment Act earned him a Special Achievement Award. In an earlier stint at HUD, Dr. Bostic served as a special assistant to Susan Wachter when she served as the Assistant Secretary for PD&R. He earned his Ph.D. in Economics from Stanford University and his BA from Harvard University.

      Selected Publications

      Bostic, R.W., & Molaison, D., Hurricane Katrina: Devastation, Possibilities and Prospects; Economic and Risk Assessment of Hurricane Katrina, USC CREATE book; Forthcoming.

      Bostic, R. W., & Ellen, I. G., Introduction: Special Issue on Housing Policy in the United States; Journal of Housing Economics, 24, 1-3; 2014.

      Bostic, R., CDBG at 40: Opportunities and obstacles; Housing Policy Debate, 24(1), 297-302. doi:10.1080/10511482.2013.866973 ; 2014.

      Bostic, R.W., Resilient Economic Development: Challenges and Opportunities; University of Illinois Chicago Urban Forum, M. Pagano (editor), University of Illinois Press; 2014.

      Bostic, R. W., & McFarlane, A., The Proposed Affirmatively Furthering Fair Housing Regulatory Impact Analysis; Cityscape: A Journal of Policy Development and Research, 15(3), 257; 2013.

      Bostic, R.W., Thornton, R.L., Rudd, E.C., & Sternthal, M.J., Health in All Policies: The Role of the US Department of Housing and Urban Development and Present and Future Challenges; Health Affairs, 31(9), online; 2012.

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