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Letter to Fannie & Freddie: Finance Affordability, not Displacement

Last Month, Alliance for Housing Justice joined the California Reinvestment Coalition and 33 other organizations in sending a letter to the Federal Housing Finance Agency (FHFA) urging regulators to prevent Fannie Mae and Freddie Mac from financing loans that contribute to displacement and poor living conditions for low-income tenants and tenants of color.

According to a report by ProPublica, "Large private equity firms accounted for 85% of Freddie Mac’s 20 biggest deals financing apartment complex purchases by a single borrower." Our public funds should not be used to support private equity firms and corporate investment schemes in raising our rents and tearing apart our communities.

View the letter below or download a PDF of the letter here.

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