Phillip L. Clay (born May 17, 1946) is a professor of housing policy and city planning at the Massachusetts Institute of Technology as well as chair of the Federal Reserve Bank of Boston.
From 1980 to 1984, Professor Clay served as the Assistant Director of the Joint Center for Urban Studies of MIT and Harvard.
[3] It was Clay, in 2007, who investigated claims that MIT's admissions dean Marilee Jones had falsified her credentials, when applying for the job.
In a 1987 study commissioned by the Neighborhood Reinvestment Corporation, Clay identified the market and institutional conditions contributing to the erosion of low-income rental housing and documented the need for a national preservation policy.
He received the AB degree with Honors from the University of North Carolina at Chapel Hill in 1968 and his Ph.D. in City Planning in 1975 from MIT.