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...focused much of his attention as a public official on housing. According to the Bronx borough president's office, at least 25,000 new housing units have been built in the borough under Carrion's adminstration...

Author: /time Magazine | Title: Urban Policy Director Adolfo Carrion | 2/20/2009 | See Source »

Adolfo Carrion knows a thing or two about city life. In addition to serving two terms as New York City's Bronx Borough President, he has a degree in urban planning and job experience as a minister and public school teacher in the Bronx, which is why Barack Obama has tapped him to serve in a newly created executive branch position - White House Director of Urban Affairs. (See Who's Who in the Obama White House...

Author: /time Magazine | Title: Urban Policy Director Adolfo Carrion | 2/20/2009 | See Source »

...Born in Manhattan; his family moved to the northern borough when he was an elementary school student. His father was a minister and Carrion followed in his footsteps, working briefly as an associate pastor. He also worked as a public school teacher before going to graduate school...

Author: /time Magazine | Title: Urban Policy Director Adolfo Carrion | 2/20/2009 | See Source »

...During his campaign for Bronx borough president, Carrion was arrested, along with Al Sharpton, for trespassing while protesting U.S. Navy bomb tests on the island of Vieques in Puerto Rico. In an open letter written from his jail cell, Carrion said he was proud of what he had done standing up for the civil rights of the island's inhabitants...

Author: /time Magazine | Title: Urban Policy Director Adolfo Carrion | 2/20/2009 | See Source »

Just keep in mind that real estate is still, to a great extent, a local phenomenon, and renters in some markets will benefit more than others depending on regional economics. Take, for example, Manhattan, the main borough of New York City, whose fate is largely aligned with finance firms. Following mass layoffs, the local apartment brokerage CitiHabitats has already seen a fall-off, with the average rent for a one-bedroom apartment dropping 2.5% in the last three months of 2008, compared with a year before. PPR's one-year forecast show rents dropping in 39 of its 54 markets...

Author: /time Magazine | Title: Bright Spot in the Housing Crash: Cheaper Rents | 1/22/2009 | See Source »

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