Raphael Bostic

Bostic Nominated to D.C. Post

SPPD’s Raphael Bostic is tabbed to join the Obama administration.

by Allison Engel and Anna Cearley

Professor Raphael Bostic

USC School of Policy, Planning, and Development Professor Raphael Bostic was recently nominated to join President Barack Obama’s administration in Washington, D.C.

The White House announced on April 20 that Bostic’s nomination to serve as assistant secretary for policy development and research at the Department of Housing and Urban Development (HUD) was sent to the U.S. Senate.

Bostic, whose research explores the incentives and market dynamics that shape credit flows and the ability of households and communities to advance economically, has national governmental experience. Prior to coming to USC in 2001, he worked for six years at the Federal Reserve Board of Governors.

At HUD, he will oversee the department’s research, program evaluation and policy development activities.

At USC, Bostic was the founding director of the Casden Real Estate Economics Forecast, which tracks and models office, industrial and multifamily apartment markets in Southern California. He also served as director of the Master of Real Estate Development degree program at SPPD.

Bostic has taught classes on affordable housing development, urban economics, real estate finance, policy and planning analysis and public finance. His scholarly work has been published in a number of top academic peer-reviewed journals.

“I know that Dr. Bostic’s national service will represent the very best of USC expertise and character in addressing major policy issues of our cities and neighborhoods,” said Jack H. Knott, dean of SPPD.

Bostic holds a bachelor’s degree from Harvard University and a Ph.D. in economics from Stanford University.