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(Crain’s) — A report released Monday morning highlights the increasingly negative impact—which has long been overlooked—that foreclosures are having on New York City school children.

In the 2006-2007 academic year, there were 18,525 school children from grades K-12 in homes facing foreclosure, up 59% from the 2003-2004 academic year, according to the report, which is titled Kids and Foreclosures: New York City, by New York University’s Institute for Education and Social Policy and NYU’s Furman Center for Real Estate and Urban Policy. Not surprisingly, affected students are concentrated in schools located in two of the neighborhoods hardest hit by the foreclosure crisis—southeast Queens and northern Brooklyn.

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