Comment Detail

Comment

Dear Director Thompson and FHFA team,

My name is Erika Castro and I live in Las Vegas, NV. I’m writing in response to the FHFA Multifamily Enterprise Housing Goals Proposed Rule Comment Request: ‘Community Support Requirements, (No. 2022–N–11) Multifamily Enterprise Housing Goals Proposed Rule.

I lived in the same house for almost 5 years and in the summer of the pandemic, my landlord served me an eviction notice so he could sell the house. I understand it's people's property and they are entitled to make a profit if they see the opportunity, but this wasn't something that only happened to me. I've heard countless stories of people having to go through the same thing. Corporations have been able to purchase many of our homes to make a profit while most of us are scrambling to stay afloat.

The rent is too damn high and I’m counting on FHFA to take every possible action to regulate rents for all properties with federally backed mortgages. If our public money is financing the business of making money on our homes, the least that you can do as a regulator is attach conditions to these resources that benefit the people. FHFA has successfully taken bold action in the past to help protect tenants during COVID-19 and to look out for residents of manufactured housing, and I am counting on FHFA to take similar action to help tenants like me during this time of intense economic hardship.

I am a member of PLAN and a leader in the Homes Guarantee campaign. The Homes Guarantee campaign is led by over 52 tenant-led organizations from all corners of the country. We have a long-term vision for a world where everyone has access to safe, sustainable, and TRULY affordable housing. In the short term, we are organizing to win an executive order on rent regulation from the President— see more here: https://damnhighrent.com

Thank you for your attention to this matter.

Sincerely,
Erika Castro