Lusk Center

Raphael Bostic

Mr. Bostic is the Associate Director of the USC Lusk Center for Real Estate and an Associate Professor in USC’s School of Policy, Planning, and Development (SPPD). He is also the Director of the Master in Real Estate Development Program in SPPD. Prior to joining SPPD, Mr. Bostic spent six years on the staff at the Federal Reserve Board of Governors. While at the Fed, he was responsible for studying and advising on fair lending and discrimination issues and received a Special Achievement Award in 2000 for his work supporting a Congressional mandate. Mr. Bostic has done extensive research on housing markets and homeownership, including a recent study on barriers to homeownership and determinants of gentrification. He also has written extensively on consumer banking issues, with a particular focus on mortgage and small business lending, bank branching patterns, and credit scoring and automated underwriting. He is currently conducting research on the ways in which the Community Reinvestment Act has influenced the behavior of lenders and credit markets. His broad research interests include financial markets and institutions, with a particular focus on banks in community development, the role and effects of regulation in banking, housing and homeownership, urban economic growth, wage and earnings profiles, and policy analysis generally. His work has been published in the Journal of Urban Economics, Real Estate Economics, the Journal of Real Estate Finance and Economics, and the Journal of Banking and Finance. At USC, Mr. Bostic teaches courses in affordable housing development, urban economics, and public finance. Mr. Bostic received his B.A. in psychology and economics from Harvard University in 1987 and his Ph.D. in economics from Stanford in 1995.