Private equity firms have become some of the country’s biggest corporate landlords. Americans for Financial Reform estimated that as of June 2022, at a minimum, private equity firms owned real estate rented by around 1.6 million families.
AFR joined a letter calling on Congress to include historic, equity-minded housing investments in a revised budget reconciliation bill to narrow the racial wealth gap and increase fair and sustainable homeownership opportunities for communities of color.
AFR joined a letter in support of the Housing Fairness Act and the Downpayment Toward Equity Act.
AFR joined a letter in support of the Downpayment Toward Equity Act, which provides substantial down payment assistance to first-time, first-generation homebuyers and helps close the historical racial and ethnic homeownership gaps in the United States.
Letters to Regulators: Letter to HUD on Needed Loan Modification Enhancements to Address Rising Interest Rates
AFREF joined a letter to HUD urging them to adopt enhancements to the FHA COVID-19 waterfall to address the impact of rising interest rates.
AFREF joined a letter in support of HUD’s proposed amendment to 24 C.F.R. § 203.616, which would increase the maximum payment term of a loan modification from 360 months to 480 months.
AFR led a letter to Congress with 26 signers in support of the Opportunity Zone Reform Act.
News Release: Advocates Applaud Federal Housing Finance Agency’s Move to Require Mortgage Lenders to Obtain Applicants’ Language Preference
WASHINGTON – Today, National Consumer Law Center, Americans for Financial Reform, Consumer Action, Empire Justice Center, National Community Stabilization Trust, National Fair Housing Alliance, UnidosUS, and National CAPACD applauded the Federal Housing Finance Agency’s (FHFA) announcement that Fannie Mae and Freddie Mac will make it mandatory for lenders to use the Supplementary Consumer Information Form (SCIF) during the loan application process.
Blog Post: Wall Street and private equity are “gobbling up homes,” driving inflation and exacerbating the housing crisis
In a House Financial Services Committee hearing from the beginning of March, both Representatives and witnesses discussed how Wall Street and private equity are causing housing prices to soar and driving inflation.
AFR joined a letter in support of H.R.3037, the Housing Survivors of Major Disasters Act.