Hi John,
The rent is too damn high. Landlords have too much power over our lives and over our homes. But did you know that many of the loans landlords get come from federal government backed entities?! — AND — they've been given these loans with no strings attached. Well we have good news: Because of the work of tenants, we have a chance to make sure those loans are granted based on ACTUALLY being good landlords. Loan conditions like a limit on rent hikes, evictions, and a ban on discrimination.
Will you help us tell the department responsible for this decision that we need these protections by July 30th? |
Fannie Mae and Freddie Mac (also known as the “Government Sponsored Enterprises”) work with banks to offer $150 billion to landlords in financing every year, without any strings attached.
BUT: Because of tenant organizing, the Federal Housing Finance Agency (FHFA) — which regulates Fannie and Freddie — is now deciding whether to condition government-backed loans on a set of tenant protections. These protections include regulations on rent hikes and evictions, housing safety requirements, bans on discrimination, and more. If enacted, they could benefit over 12.4 million rental homes across the country.
So what can you do? The FHFA is now seeking comments from tenants and advocates to inform this decision. So we can all act. RIGHT NOW.
Tell the FHFA that we need tenant protections today by writing a public comment NOW. |
Tenant organizing is powerful. Especially when we come together.
That's why we're joining our allies at People's Action to send as many public comments are possible from our networks — so the FHFA hears us LOUD & CLEAR. Thank you for raising your pen, and your voice, today. In community,
Tara and the Right to the City team |
