AFR joined over 100 groups in sending a letter urging the Biden administration to ensure that any zoning reform incentives or requirements actually do the job of opening up exclusionary areas to more economic and racial diversity; do not further the displacement of low-income communities and communities of color, do not result in the loss of affordable housing, and do not further entrench profit-driven commodification of housing. Federal action to eliminate exclusionary zoning has the potential to expand racial and economic justice, but, if not crafted carefully, the effort could be ineffective or even harmful to communities of color.
Letters to Regulators: Letter Urging HUD to Extend the Foreclosure Moratorium and Deadline to Request Forbearance for FHA Borrowers
AFREF and 154 organizations sent a letter urging HUD to extend the foreclosure moratorium and deadline to request forbearance for FHA borrowers to give them the best opportunity to sustain homeownership beyond the pandemic.
Letters to Congress: Letter Urging the House to Pass the Comprehensive Debt Collection Improvement Act
AFREF joined our partners in a letter urging the House to pass the Comprehensive Debt Collection Improvement Act to protect vulnerable consumers from abusive debt collection practices.
AFREF, NCLC, and NHLP submitted detailed comments to the CFPB urging the Bureau to strengthen its make necessary improvements to its COVID loss mitigation proposal to protect the most vulnerable borrowers and strengthen protections against foreclosures.
Letters to Regulators: Letter to the CFPB Urging for Critical Improvements to a Proposed COVID Loss Mitigation Rule
AFREF and 41 organizations sent comments in response to the CFPB’s proposed COVID loss mitigation rule urging the Bureau to make critical improvements to help avoid unnecessary foreclosures and to facilitate streamlined solutions for borrowers facing COVID-19 hardships that will make it possible for them to keep their homes and provide them with the stability they need to recover and rebuild.
Letters to Regulators: Request that CFPB Prohibit Credit Reporting of Rent Arrears Incurred During COVID-19 Pandemic
AFREF joined a letter to the CFPB requesting they prohibit credit reporting of rent arrears incurred during the COVID-19 pandemic
Letters to Regulators: Letter in Response to FHFA RFI Expressing Concerns About Climate and Natural Risk Management
AFREF and 17 organizations sent a letter in response to FHFA’s RFI on climate and natural risk management detailing our concerns about the disproportionate impact of climate change and natural disasters on borrowers and communities of color and low and moderate income neighborhoods. We provided recommendations for next steps on FHFA’s work on mitigating climate risk and urged FHFA to make sure climate risk mitigation efforts do not cause inadvertent harm to the communities who are already most vulnerable to the adverse effects of climate change and who face the most challenges in accessing and sustaining homeownership.
AFR joined a letter to the House Financial Services Committee urging for a vote in support of the Comprehensive Debt Collection Improvement Act at the upcoming markup on April 20th.
Letters to Regulators: Letter to the OMB Opposing Proposed Redefinition of Metropolitan Statistical Areas
AFREF joined a letter opposing the Office of Management and Budget’s proposal to redefine metropolitan statistical areas. The OMB’s proposal would result in a substantial loss for undeserved and under-invested communities by reducing the number of low and moderate income census tracts eligible for Community Reinvestment Act credit and decreasing the number of banks providing Home Mortgage Disclosure Act data, which may pose increased challenges to fair lending enforcement.
News Release: Billionaire Landlords Profit by $24.4 Billion and Hoard Cash as Millions Face Eviction During the Pandemic
Billionaire corporate landlords have increased their wealth by $24 billion and have raised over $245 billion as millions of American families face a wave of evictions.